ICICIGI
ICICI LOMBARD GIC LIMITED
Max pain for ICICIGI
18 Mar 2024 04:17 PM IST
Max Pain for ICICIGI is 1660
Strike 1500 has a total call value of 0 versus a total put value of 4,534,000,000 Combined total value = 4,534,000,000
Strike 1510 has a total call value of 0 versus a total put value of 4,200,500,000 Combined total value = 4,200,500,000
Strike 1520 has a total call value of 0 versus a total put value of 3,867,000,000 Combined total value = 3,867,000,000
Strike 1530 has a total call value of 0 versus a total put value of 3,533,500,000 Combined total value = 3,533,500,000
Strike 1540 has a total call value of 0 versus a total put value of 3,200,000,000 Combined total value = 3,200,000,000
Strike 1550 has a total call value of 0 versus a total put value of 2,866,500,000 Combined total value = 2,866,500,000
Strike 1560 has a total call value of 0 versus a total put value of 2,533,000,000 Combined total value = 2,533,000,000
Strike 1570 has a total call value of 0 versus a total put value of 2,199,500,000 Combined total value = 2,199,500,000
Strike 1580 has a total call value of 0 versus a total put value of 1,866,000,000 Combined total value = 1,866,000,000
Strike 1590 has a total call value of 2,000,000 versus a total put value of 1,560,000,000 Combined total value = 1,562,000,000
Strike 1600 has a total call value of 4,000,000 versus a total put value of 1,254,000,000 Combined total value = 1,258,000,000
Strike 1610 has a total call value of 31,000,000 versus a total put value of 1,068,000,000 Combined total value = 1,099,000,000
Strike 1620 has a total call value of 58,000,000 versus a total put value of 882,000,000 Combined total value = 940,000,000
Strike 1630 has a total call value of 85,000,000 versus a total put value of 699,000,000 Combined total value = 784,000,000
Strike 1640 has a total call value of 112,000,000 versus a total put value of 516,000,000 Combined total value = 628,000,000
Strike 1650 has a total call value of 151,500,000 versus a total put value of 354,500,000 Combined total value = 506,000,000
Strike 1660 has a total call value of 229,500,000 versus a total put value of 232,000,000 Combined total value = 461,500,000
Strike 1670 has a total call value of 330,000,000 versus a total put value of 165,500,000 Combined total value = 495,500,000
Strike 1680 has a total call value of 448,500,000 versus a total put value of 99,000,000 Combined total value = 547,500,000
Strike 1690 has a total call value of 614,000,000 versus a total put value of 49,500,000 Combined total value = 663,500,000
Strike 1700 has a total call value of 798,000,000 versus a total put value of 0 Combined total value = 798,000,000
Strike 1710 has a total call value of 1,184,000,000 versus a total put value of 0 Combined total value = 1,184,000,000
Strike 1720 has a total call value of 1,593,000,000 versus a total put value of 0 Combined total value = 1,593,000,000
Strike 1730 has a total call value of 2,050,500,000 versus a total put value of 0 Combined total value = 2,050,500,000
Strike 1740 has a total call value of 2,529,500,000 versus a total put value of 0 Combined total value = 2,529,500,000
Strike 1750 has a total call value of 3,023,500,000 versus a total put value of 0 Combined total value = 3,023,500,000
Strike 1760 has a total call value of 3,611,500,000 versus a total put value of 0 Combined total value = 3,611,500,000
Strike 1770 has a total call value of 4,199,500,000 versus a total put value of 0 Combined total value = 4,199,500,000
Strike 1780 has a total call value of 4,787,500,000 versus a total put value of 0 Combined total value = 4,787,500,000
Strike 1790 has a total call value of 5,381,500,000 versus a total put value of 0 Combined total value = 5,381,500,000
Strike 1800 has a total call value of 5,975,500,000 versus a total put value of 0 Combined total value = 5,975,500,000
Strike 1810 has a total call value of 6,740,000,000 versus a total put value of 0 Combined total value = 6,740,000,000
Strike 1820 has a total call value of 7,504,500,000 versus a total put value of 0 Combined total value = 7,504,500,000
Strike 1830 has a total call value of 8,269,000,000 versus a total put value of 0 Combined total value = 8,269,000,000
Strike 1840 has a total call value of 9,033,500,000 versus a total put value of 0 Combined total value = 9,033,500,000
Strike 1850 has a total call value of 9,798,000,000 versus a total put value of 0 Combined total value = 9,798,000,000
Strike 1860 has a total call value of 10,562,500,000 versus a total put value of 0 Combined total value = 10,562,500,000
Max Pain - Choose a symbol
Index
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E
G
H
I
J
L
M
N
O
P
R
S
T
U
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.