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ICICIGI
ICICI LOMBARD GIC LIMITED

1684.5 21.85 (1.31%)


Strike  1500  has a total call value of 0  versus a total put value of  842,500,000 Combined total value = 842,500,000

Strike  1510  has a total call value of 500,000  versus a total put value of  788,000,000 Combined total value = 788,500,000

Strike  1520  has a total call value of 1,000,000  versus a total put value of  733,500,000 Combined total value = 734,500,000

Strike  1530  has a total call value of 1,500,000  versus a total put value of  679,000,000 Combined total value = 680,500,000

Strike  1540  has a total call value of 2,000,000  versus a total put value of  624,500,000 Combined total value = 626,500,000

Strike  1550  has a total call value of 2,500,000  versus a total put value of  570,000,000 Combined total value = 572,500,000

Strike  1560  has a total call value of 3,000,000  versus a total put value of  515,500,000 Combined total value = 518,500,000

Strike  1570  has a total call value of 3,500,000  versus a total put value of  461,000,000 Combined total value = 464,500,000

Strike  1580  has a total call value of 4,000,000  versus a total put value of  406,500,000 Combined total value = 410,500,000

Strike  1590  has a total call value of 4,500,000  versus a total put value of  352,000,000 Combined total value = 356,500,000

Strike  1600  has a total call value of 5,000,000  versus a total put value of  297,500,000 Combined total value = 302,500,000

Strike  1610  has a total call value of 5,500,000  versus a total put value of  267,500,000 Combined total value = 273,000,000

Strike  1620  has a total call value of 6,000,000  versus a total put value of  237,500,000 Combined total value = 243,500,000

Strike  1630  has a total call value of 6,500,000  versus a total put value of  207,500,000 Combined total value = 214,000,000

Strike  1640  has a total call value of 7,000,000  versus a total put value of  177,500,000 Combined total value = 184,500,000

Strike  1650  has a total call value of 8,000,000  versus a total put value of  147,500,000 Combined total value = 155,500,000

Strike  1660  has a total call value of 9,000,000  versus a total put value of  118,000,000 Combined total value = 127,000,000

Strike  1670  has a total call value of 10,000,000  versus a total put value of  88,500,000 Combined total value = 98,500,000

Strike  1680  has a total call value of 11,000,000  versus a total put value of  59,000,000 Combined total value = 70,000,000

Strike  1690  has a total call value of 12,500,000  versus a total put value of  29,500,000 Combined total value = 42,000,000

Strike  1700  has a total call value of 15,000,000  versus a total put value of  0 Combined total value = 15,000,000

Strike  1710  has a total call value of 71,500,000  versus a total put value of  0 Combined total value = 71,500,000

Strike  1720  has a total call value of 128,000,000  versus a total put value of  0 Combined total value = 128,000,000

Strike  1730  has a total call value of 184,500,000  versus a total put value of  0 Combined total value = 184,500,000

Strike  1740  has a total call value of 241,000,000  versus a total put value of  0 Combined total value = 241,000,000

Strike  1750  has a total call value of 297,500,000  versus a total put value of  0 Combined total value = 297,500,000

Strike  1760  has a total call value of 366,000,000  versus a total put value of  0 Combined total value = 366,000,000

Strike  1770  has a total call value of 434,500,000  versus a total put value of  0 Combined total value = 434,500,000

Strike  1780  has a total call value of 503,000,000  versus a total put value of  0 Combined total value = 503,000,000

Strike  1790  has a total call value of 571,500,000  versus a total put value of  0 Combined total value = 571,500,000

Strike  1800  has a total call value of 640,000,000  versus a total put value of  0 Combined total value = 640,000,000

Max Pain - Choose a symbol



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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.