ICICIPRULI
ICICI PRU LIFE INS CO LTD
Max pain for ICICIPRULI
29 Nov 2023 04:16 PM IST
Max Pain for ICICIPRULI is 545
Strike 470 has a total call value of 0 versus a total put value of 8,058,750,000 Combined total value = 8,058,750,000
Strike 475 has a total call value of 0 versus a total put value of 7,347,750,000 Combined total value = 7,347,750,000
Strike 480 has a total call value of 0 versus a total put value of 6,636,750,000 Combined total value = 6,636,750,000
Strike 485 has a total call value of 0 versus a total put value of 5,976,000,000 Combined total value = 5,976,000,000
Strike 490 has a total call value of 0 versus a total put value of 5,337,750,000 Combined total value = 5,337,750,000
Strike 495 has a total call value of 0 versus a total put value of 4,712,250,000 Combined total value = 4,712,250,000
Strike 500 has a total call value of 0 versus a total put value of 4,095,750,000 Combined total value = 4,095,750,000
Strike 505 has a total call value of 8,250,000 versus a total put value of 3,560,250,000 Combined total value = 3,568,500,000
Strike 510 has a total call value of 16,500,000 versus a total put value of 3,044,250,000 Combined total value = 3,060,750,000
Strike 515 has a total call value of 24,750,000 versus a total put value of 2,584,500,000 Combined total value = 2,609,250,000
Strike 520 has a total call value of 33,000,000 versus a total put value of 2,133,000,000 Combined total value = 2,166,000,000
Strike 525 has a total call value of 120,000,000 versus a total put value of 1,749,000,000 Combined total value = 1,869,000,000
Strike 530 has a total call value of 234,750,000 versus a total put value of 1,378,500,000 Combined total value = 1,613,250,000
Strike 535 has a total call value of 396,750,000 versus a total put value of 1,059,000,000 Combined total value = 1,455,750,000
Strike 540 has a total call value of 572,250,000 versus a total put value of 765,750,000 Combined total value = 1,338,000,000
Strike 545 has a total call value of 801,000,000 versus a total put value of 522,750,000 Combined total value = 1,323,750,000
Strike 550 has a total call value of 1,045,500,000 versus a total put value of 334,500,000 Combined total value = 1,380,000,000
Strike 555 has a total call value of 1,368,750,000 versus a total put value of 198,000,000 Combined total value = 1,566,750,000
Strike 560 has a total call value of 1,740,000,000 versus a total put value of 133,500,000 Combined total value = 1,873,500,000
Strike 565 has a total call value of 2,267,250,000 versus a total put value of 92,250,000 Combined total value = 2,359,500,000
Strike 570 has a total call value of 2,847,000,000 versus a total put value of 60,000,000 Combined total value = 2,907,000,000
Strike 575 has a total call value of 3,663,000,000 versus a total put value of 43,500,000 Combined total value = 3,706,500,000
Strike 580 has a total call value of 4,552,500,000 versus a total put value of 27,000,000 Combined total value = 4,579,500,000
Strike 585 has a total call value of 5,522,250,000 versus a total put value of 20,250,000 Combined total value = 5,542,500,000
Strike 590 has a total call value of 6,504,000,000 versus a total put value of 13,500,000 Combined total value = 6,517,500,000
Strike 595 has a total call value of 7,512,000,000 versus a total put value of 6,750,000 Combined total value = 7,518,750,000
Strike 600 has a total call value of 8,520,000,000 versus a total put value of 0 Combined total value = 8,520,000,000
Strike 605 has a total call value of 9,666,000,000 versus a total put value of 0 Combined total value = 9,666,000,000
Strike 610 has a total call value of 10,812,000,000 versus a total put value of 0 Combined total value = 10,812,000,000
Max Pain - Choose a symbol
Index
A
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.