ICICIGI
ICICI LOMBARD GIC LIMITED
Max pain for ICICIGI
28 Mar 2024 03:56 PM IST
Max Pain for ICICIGI is 1700
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
Index
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B
C
D
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.