ICICIGI
ICICI LOMBARD GIC LIMITED
Max pain for ICICIGI
29 Nov 2023 04:16 PM IST
Max Pain for ICICIGI is 1430
Strike 1300 has a total call value of 0 versus a total put value of 4,919,000,000 Combined total value = 4,919,000,000
Strike 1310 has a total call value of 2,000,000 versus a total put value of 4,487,000,000 Combined total value = 4,489,000,000
Strike 1320 has a total call value of 4,000,000 versus a total put value of 4,055,000,000 Combined total value = 4,059,000,000
Strike 1330 has a total call value of 6,000,000 versus a total put value of 3,623,000,000 Combined total value = 3,629,000,000
Strike 1340 has a total call value of 8,000,000 versus a total put value of 3,191,000,000 Combined total value = 3,199,000,000
Strike 1350 has a total call value of 10,000,000 versus a total put value of 2,759,000,000 Combined total value = 2,769,000,000
Strike 1360 has a total call value of 30,500,000 versus a total put value of 2,369,500,000 Combined total value = 2,400,000,000
Strike 1370 has a total call value of 65,000,000 versus a total put value of 1,980,000,000 Combined total value = 2,045,000,000
Strike 1380 has a total call value of 99,500,000 versus a total put value of 1,598,000,000 Combined total value = 1,697,500,000
Strike 1390 has a total call value of 144,500,000 versus a total put value of 1,239,500,000 Combined total value = 1,384,000,000
Strike 1400 has a total call value of 189,500,000 versus a total put value of 907,000,000 Combined total value = 1,096,500,000
Strike 1410 has a total call value of 265,500,000 versus a total put value of 658,500,000 Combined total value = 924,000,000
Strike 1420 has a total call value of 341,500,000 versus a total put value of 416,000,000 Combined total value = 757,500,000
Strike 1430 has a total call value of 439,000,000 versus a total put value of 303,500,000 Combined total value = 742,500,000
Strike 1440 has a total call value of 562,000,000 versus a total put value of 207,500,000 Combined total value = 769,500,000
Strike 1450 has a total call value of 713,000,000 versus a total put value of 138,500,000 Combined total value = 851,500,000
Strike 1460 has a total call value of 921,000,000 versus a total put value of 88,000,000 Combined total value = 1,009,000,000
Strike 1470 has a total call value of 1,177,000,000 versus a total put value of 56,500,000 Combined total value = 1,233,500,000
Strike 1480 has a total call value of 1,480,500,000 versus a total put value of 32,000,000 Combined total value = 1,512,500,000
Strike 1490 has a total call value of 1,917,000,000 versus a total put value of 16,000,000 Combined total value = 1,933,000,000
Strike 1500 has a total call value of 2,389,000,000 versus a total put value of 0 Combined total value = 2,389,000,000
Strike 1510 has a total call value of 3,036,000,000 versus a total put value of 0 Combined total value = 3,036,000,000
Strike 1520 has a total call value of 3,683,000,000 versus a total put value of 0 Combined total value = 3,683,000,000
Strike 1530 has a total call value of 4,352,500,000 versus a total put value of 0 Combined total value = 4,352,500,000
Strike 1540 has a total call value of 5,022,000,000 versus a total put value of 0 Combined total value = 5,022,000,000
Strike 1550 has a total call value of 5,704,500,000 versus a total put value of 0 Combined total value = 5,704,500,000
Strike 1560 has a total call value of 6,416,500,000 versus a total put value of 0 Combined total value = 6,416,500,000
Strike 1570 has a total call value of 7,128,500,000 versus a total put value of 0 Combined total value = 7,128,500,000
Strike 1580 has a total call value of 7,840,500,000 versus a total put value of 0 Combined total value = 7,840,500,000
Strike 1590 has a total call value of 8,552,500,000 versus a total put value of 0 Combined total value = 8,552,500,000
Strike 1600 has a total call value of 9,264,500,000 versus a total put value of 0 Combined total value = 9,264,500,000
Max Pain - Choose a symbol
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What is Max Pain?
Max pain, or the max pain price, is the strike price with the most open contract puts and calls - and the price at which the stock would cause financial losses for the largest number of option holders at expiration.
Calculating Max Pain
Max pain is a simple but time consuming calculation. Essentially, it is the sum of the outstanding put and call dollar value of each in-the-money strike price. For each in-the-money strike price for both puts and calls:
- Find the difference between stock price and strike price
- Multiply the result by open interest at that strike
- Add together the dollar value for the put and call at that strike
- Repeat for each strike price
- Find the highest value strike price. This price is equivalent to max pain price.
How can a trader benefit?
As the option expiration approaches, option writers will try to buy or sell shares of stock to drive the price toward a closing price that is profitable for them, or at least to hedge their payouts to option holders. Call writers sell shares to drive share price down and Put holders buy shares to drive share price up. The max pain strike price exists somewhere in the middle.