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ICICIPRULI

Icici Pru Life Ins Co Ltd
640.9 +10.40 (1.65%)
L: 625.95 H: 641.65
Max Pain - ICICIPRULI
18 Dec 2025 01:05 PM IST
Live


Strike  500  has a total call value of 0  versus a total put value of  22,855,362,500 Combined total value = 22,855,362,500

Strike  505  has a total call value of 0  versus a total put value of  21,799,012,500 Combined total value = 21,799,012,500

Strike  510  has a total call value of 0  versus a total put value of  20,742,662,500 Combined total value = 20,742,662,500

Strike  515  has a total call value of 0  versus a total put value of  19,686,312,500 Combined total value = 19,686,312,500

Strike  520  has a total call value of 0  versus a total put value of  18,629,962,500 Combined total value = 18,629,962,500

Strike  525  has a total call value of 0  versus a total put value of  17,573,612,500 Combined total value = 17,573,612,500

Strike  530  has a total call value of 0  versus a total put value of  16,517,262,500 Combined total value = 16,517,262,500

Strike  535  has a total call value of 0  versus a total put value of  15,460,912,500 Combined total value = 15,460,912,500

Strike  540  has a total call value of 0  versus a total put value of  14,404,562,500 Combined total value = 14,404,562,500

Strike  545  has a total call value of 0  versus a total put value of  13,348,675,000 Combined total value = 13,348,675,000

Strike  550  has a total call value of 0  versus a total put value of  12,292,787,500 Combined total value = 12,292,787,500

Strike  555  has a total call value of 1,387,500  versus a total put value of  11,260,950,000 Combined total value = 11,262,337,500

Strike  560  has a total call value of 2,775,000  versus a total put value of  10,229,112,500 Combined total value = 10,231,887,500

Strike  565  has a total call value of 4,162,500  versus a total put value of  9,223,637,500 Combined total value = 9,227,800,000

Strike  570  has a total call value of 5,550,000  versus a total put value of  8,226,487,500 Combined total value = 8,232,037,500

Strike  575  has a total call value of 8,787,500  versus a total put value of  7,290,387,500 Combined total value = 7,299,175,000

Strike  580  has a total call value of 12,025,000  versus a total put value of  6,359,837,500 Combined total value = 6,371,862,500

Strike  585  has a total call value of 15,725,000  versus a total put value of  5,482,475,000 Combined total value = 5,498,200,000

Strike  590  has a total call value of 19,425,000  versus a total put value of  4,613,437,500 Combined total value = 4,632,862,500

Strike  595  has a total call value of 23,125,000  versus a total put value of  3,971,950,000 Combined total value = 3,995,075,000

Strike  600  has a total call value of 28,675,000  versus a total put value of  3,331,850,000 Combined total value = 3,360,525,000

Strike  605  has a total call value of 57,812,500  versus a total put value of  2,777,775,000 Combined total value = 2,835,587,500

Strike  610  has a total call value of 87,875,000  versus a total put value of  2,268,562,500 Combined total value = 2,356,437,500

Strike  615  has a total call value of 144,762,500  versus a total put value of  1,819,937,500 Combined total value = 1,964,700,000

Strike  620  has a total call value of 221,075,000  versus a total put value of  1,424,962,500 Combined total value = 1,646,037,500

Strike  625  has a total call value of 348,262,500  versus a total put value of  1,090,112,500 Combined total value = 1,438,375,000

Strike  630  has a total call value of 498,112,500  versus a total put value of  787,175,000 Combined total value = 1,285,287,500

Strike  635  has a total call value of 976,800,000  versus a total put value of  555,462,500 Combined total value = 1,532,262,500

Strike  640  has a total call value of 1,498,037,500  versus a total put value of  359,825,000 Combined total value = 1,857,862,500

Strike  645  has a total call value of 2,203,812,500  versus a total put value of  234,487,500 Combined total value = 2,438,300,000

Strike  650  has a total call value of 2,969,712,500  versus a total put value of  145,687,500 Combined total value = 3,115,400,000

Strike  655  has a total call value of 4,010,800,000  versus a total put value of  103,137,500 Combined total value = 4,113,937,500

Strike  660  has a total call value of 5,116,175,000  versus a total put value of  66,600,000 Combined total value = 5,182,775,000

Strike  665  has a total call value of 6,333,475,000  versus a total put value of  40,237,500 Combined total value = 6,373,712,500

Strike  670  has a total call value of 7,615,987,500  versus a total put value of  13,875,000 Combined total value = 7,629,862,500

Strike  675  has a total call value of 8,985,450,000  versus a total put value of  10,637,500 Combined total value = 8,996,087,500

Strike  680  has a total call value of 10,397,000,000  versus a total put value of  7,400,000 Combined total value = 10,404,400,000

Strike  685  has a total call value of 12,068,475,000  versus a total put value of  5,550,000 Combined total value = 12,074,025,000

Strike  690  has a total call value of 13,770,937,500  versus a total put value of  3,700,000 Combined total value = 13,774,637,500

Strike  695  has a total call value of 15,544,625,000  versus a total put value of  1,850,000 Combined total value = 15,546,475,000

Strike  700  has a total call value of 17,395,087,500  versus a total put value of  0 Combined total value = 17,395,087,500

Strike  705  has a total call value of 19,503,162,500  versus a total put value of  0 Combined total value = 19,503,162,500

Strike  710  has a total call value of 21,622,800,000  versus a total put value of  0 Combined total value = 21,622,800,000

Strike  715  has a total call value of 23,817,825,000  versus a total put value of  0 Combined total value = 23,817,825,000

Strike  720  has a total call value of 26,012,850,000  versus a total put value of  0 Combined total value = 26,012,850,000

Max-Pain Table for Stocks
  Note:- click on symbol to see more detailed view
Max Pain Table (Stocks)
Symbol Symbol Ltp Max Pain
360ONE 1139.9 1140
ABB 5134 5200
ABCAPITAL 347.95 350
ADANIENSOL 986.15 990
ADANIENT 2239.1 2300
ADANIGREEN 1017 1020
ADANIPORTS 1491.5 1500
ALKEM 5559.5 5700
AMBER 6595.5 6800
AMBUJACEM 539.85 550
ANGELONE 2491.1 2550
APLAPOLLO 1793.7 1760
APOLLOHOSP 6930.5 7100
ASHOKLEY 169.74 160
ASIANPAINT 2767.2 2800
ASTRAL 1425.7 1460
AUBANK 987.85 960
AUROPHARMA 1211.3 1200
AXISBANK 1236.3 1240
BAJAJ-AUTO 8830.5 9000
BAJAJFINSV 2031.6 2060
BAJFINANCE 1005.1 1020
BANDHANBNK 146.71 150
BANKBARODA 290.35 290
BANKINDIA 143.2 143
BDL 1344.3 1380
BEL 384.65 400
BHARATFORG 1406.8 1400
BHARTIARTL 2107.6 2100
BHEL 274 280
BIOCON 393.15 390
BLUESTARCO 1851.9 1800
BOSCHLTD 35710 36000
BPCL 362.4 365
BRITANNIA 6034 6000
BSE 2696.8 2700
CAMS 745.2 770
CANBK 150.55 150
CDSL 1490.8 1540
CGPOWER 666.55 680
CHOLAFIN 1687.3 1700
CIPLA 1501.8 1520
COALINDIA 385.6 384.75
COFORGE 1846 1840
COLPAL 2089.6 2160
CONCOR 498.45 520
CROMPTON 259.2 265
CUMMINSIND 4380.6 4400
CYIENT 1144.3 1140
DABUR 493 500
DALBHARAT 2042.8 2040
DELHIVERY 402.75 410
DIVISLAB 6389.5 6400
DIXON 13375 13750
DLF 685.15 710
DMART 3767.6 3900
DRREDDY 1276.3 1270
EICHERMOT 7109 7100
ETERNAL 284.75 290
EXIDEIND 360.3 370
FEDERALBNK 265.95 260
FORTIS 866.85 890
GAIL 168.05 175
GLENMARK 1957.8 1940
GMRAIRPORT 100.25 102
GODREJCP 1181.4 1160
GODREJPROP 2000 2060
GRASIM 2819.4 2800
HAL 4260.2 4450
HAVELLS 1407.2 1440
HCLTECH 1661.3 1660
HDFCAMC 2716 2660
HDFCBANK 982.5 995
HDFCLIFE 757 770
HEROMOTOCO 5744 5900
HFCL 65.07 67
HINDALCO 861 820
HINDPETRO 463.2 460
HINDUNILVR 2273.9 2300
HINDZINC 593.35 560
HUDCO 208.32 220
ICICIBANK 1363 1370
ICICIGI 1952.3 1960
ICICIPRULI 640.9 630
IDEA 11.47 11
IDFCFIRSTB 84.16 82
IEX 141.34 145
IIFL 566 560
INDHOTEL 720.5 730
INDIANB 780.85 820
INDIGO 5123.5 5050
INDUSINDBK 838.7 850
INDUSTOWER 409.85 410
INFY 1625.5 1600
INOXWIND 125.37 130
IOC 162.25 162
IRCTC 666.1 690
IREDA 132.21 140
IRFC 111.65 116
ITC 401.25 405
JINDALSTEL 993.2 1020
JIOFIN 292.9 305
JSWENERGY 472.8 490
JSWSTEEL 1089 1120
JUBLFOOD 559.25 580
KALYANKJIL 471.9 480
KAYNES 4112 4300
KEI 4078.4 4100
KFINTECH 1056.9 1060
KOTAKBANK 2173.1 2160
KPITTECH 1164.7 1200
LAURUSLABS 1017.4 1000
LICHSGFIN 527.75 550
LICI 843.3 870
LODHA 1073.9 1100
LT 4061.9 4040
LTF 302.9 302.5
LTIM 6228.5 6200
LUPIN 2121.1 2100
M&M 3582.2 3650
MANAPPURAM 290.4 280
MANKIND 2118.2 2200
MARICO 741.95 740
MARUTI 16383 16200
MAXHEALTH 1056.7 1080
MAZDOCK 2370.8 2500
MCX 10186 10000
MFSL 1680 1680
MOTHERSON 117.04 116
MPHASIS 2895.5 2900
MUTHOOTFIN 3772.1 3750
NATIONALUM 282.05 270
NAUKRI 1345.5 1360
NBCC 108.49 111
NCC 154.61 165
NESTLEIND 1243.5 1240
NHPC 75.05 78
NMDC 77.09 77
NTPC 317.9 325
NUVAMA 7356 7300
NYKAA 244 252.5
OBEROIRLTY 1665.7 1660
OFSS 7707.5 8000
OIL 398.9 410
ONGC 232.52 237.5
PAGEIND 35900 37000
PATANJALI 553.1 550
PAYTM 1283.6 1300
PERSISTENT 6317 6300
PETRONET 268.5 278
PFC 336.8 355
PGEL 568.05 560
PHOENIXLTD 1804.4 1760
PIDILITIND 1451.1 1480
PIIND 3213.4 3350
PNB 119.41 120
PNBHOUSING 903.15 900
POLICYBZR 1821.3 1840
POLYCAB 7112 7200
POWERGRID 256.85 270
POWERINDIA 18375 19000
PPLPHARMA 166.36 177.5
PRESTIGE 1607 1640
RBLBANK 300.45 305
RECLTD 337.95 350
RELIANCE 1548.4 1540
RVNL 306.65 310
SAIL 129.8 132
SAMMAANCAP 145.93 155
SBICARD 851.5 870
SBILIFE 2016 2020
SBIN 979.1 970
SHREECEM 25845 26500
SHRIRAMFIN 873.2 850
SIEMENS 3080.6 3150
SOLARINDS 11754 12500
SONACOMS 485.9 500
SRF 3043 3000
SUNPHARMA 1743.6 1760
SUPREMEIND 3347.7 3400
SUZLON 51.79 54
SYNGENE 655.2 650
TATACONSUM 1180.4 1180
TATAELXSI 5003 5000
TATAMOTORS 0 320
TATAPOWER 375.1 390
TATASTEEL 169.65 170
TATATECH 644.5 670
TCS 3278.4 3200
TECHM 1595.6 1560
TIINDIA 2593.2 2700
TITAGARH 774.8 800
TITAN 3918.1 3860
TMPV 345.25 360
TORNTPHARM 3733.2 3750
TORNTPOWER 1261.5 1300
TRENT 4016.5 4200
TVSMOTOR 3595.4 3600
ULTRACEMCO 11514 11600
UNIONBANK 155.02 155
UNITDSPR 1397.8 1440
UNOMINDA 1229.8 1280
UPL 747.55 750
VBL 471.7 470
VEDL 580.85 550
VOLTAS 1414.6 1380
WIPRO 263.2 257.5
YESBANK 21.54 22
ZYDUSLIFE 915.3 930

Note:
Stock LTP > Max Pain Bearish Trend
Stock LTP < Max Pain Bullish Trend
Frequently Asked Questions

Max Pain, also known as the max pain price, is the strike price at which the maximum number of option contracts (both puts and calls) would expire worthless, causing the largest financial losses for option holders at expiration. This price point represents the level where option writers would experience the least payout obligation.

The max pain theory suggests that as expiration approaches, market makers and option writers may attempt to influence the stock price toward this level to minimize their payout obligations, making it a significant reference point for traders analyzing option expiration dynamics.

Max Pain is calculated by determining the total dollar value of in-the-money options at each strike price. Here's the step-by-step process:

  1. For each strike price: Calculate the difference between the current stock price and the strike price.
  2. Multiply by Open Interest: Multiply this difference by the open interest (number of contracts) at that strike for both call and put options.
  3. Sum the values: Add together the dollar value for put options and call options at each strike price.
  4. Repeat for all strikes: Perform this calculation for every available strike price in the option chain.
  5. Identify the maximum: The strike price with the highest combined dollar value is the Max Pain price.

This calculation helps identify the price level where option writers would face the maximum financial loss if the stock closes at that price on expiration day.

Traders can incorporate Max Pain analysis into their trading strategy in several ways:

  • Expiration Day Trading: As option expiration approaches, traders can use Max Pain as a potential support or resistance level, as market makers may attempt to push the price toward this level.
  • Option Selection: Understanding Max Pain helps traders choose strike prices that are less likely to be manipulated, potentially improving their option trade outcomes.
  • Risk Management: If a stock is trading far from Max Pain before expiration, traders can anticipate potential price movement toward this level and adjust their positions accordingly.
  • Market Sentiment Indicator: Comparing the current stock price to Max Pain can provide insights into market sentiment and potential price direction near expiration.
  • Hedging Strategy: Option writers can use Max Pain to identify strike prices where they might face the least payout risk, helping them structure more efficient hedging strategies.

Max Pain provides insights into potential stock price behavior, especially near option expiration:

  • Price Magnet Effect: If the stock price is significantly above or below Max Pain before expiration, there may be a tendency for the price to move toward Max Pain as expiration approaches, as option writers hedge their positions.
  • Support/Resistance Level: Max Pain can act as a psychological and technical support or resistance level, especially on expiration day, as it represents the price where maximum option value would be lost.
  • Volatility Indicator: A large gap between current price and Max Pain may indicate higher potential volatility or price movement as expiration nears.
  • Market Maker Activity: Significant open interest concentration around Max Pain suggests where market makers might have the most incentive to influence price movement through their hedging activities.

Note: Max Pain is a theoretical concept and should be used in conjunction with other technical and fundamental analysis tools, as it does not guarantee price movement.

Max Pain is a dynamic value that changes continuously based on several factors:

  • Open Interest Changes: As traders open and close option positions, the open interest at different strike prices changes, which directly affects the Max Pain calculation.
  • Stock Price Movement: As the underlying stock price moves, different strike prices become in-the-money or out-of-the-money, altering the dollar value calculations.
  • Time Decay: As expiration approaches, the time value of options decreases, but the intrinsic value calculations for Max Pain continue to evolve with price movements.
  • New Option Contracts: When new strike prices are added or when significant new positions are opened, Max Pain may shift to reflect the new distribution of open interest.

For accurate Max Pain analysis, traders should monitor it regularly, especially in the days leading up to expiration, as it can shift significantly as market conditions and option positions change.

Max Pain and Spot Price are two distinct concepts that serve different purposes in options trading:

  • Spot Price (Current Market Price): This is the current trading price of the underlying stock or index in the market. It represents the real-time value at which the asset can be bought or sold immediately.
  • Max Pain Price: This is a calculated theoretical price level based on option open interest data. It represents the strike price where option writers would face minimum payout obligations, not necessarily where the stock is currently trading.

The relationship between these two prices is crucial: when the spot price is far from Max Pain, traders may anticipate potential price movement toward Max Pain as expiration approaches. However, this is not guaranteed, and many other factors influence stock price movement.

No, Max Pain is not always accurate and should not be used as the sole indicator for predicting stock price movement. Here's why:

  • Market Forces: Strong fundamental news, earnings reports, or significant market events can override the Max Pain effect and drive prices in unexpected directions.
  • Institutional Activity: Large institutional trades, algorithmic trading, and other market participants may have different objectives than minimizing option payouts.
  • Limited Influence: While market makers may attempt to influence price toward Max Pain, their ability to do so is limited, especially in highly liquid stocks with strong directional momentum.
  • Multiple Expirations: Stocks often have options expiring on different dates (weekly, monthly), which means multiple Max Pain levels may exist simultaneously, reducing the predictive power of any single level.
  • Statistical Tool: Max Pain is best viewed as a statistical tool that provides context about option market dynamics rather than a guaranteed price target.

Traders should use Max Pain as one of many tools in their analysis, combining it with technical analysis, fundamental analysis, and market sentiment indicators for more comprehensive decision-making.

Max Pain becomes increasingly relevant as option expiration approaches:

  • Last Trading Week: Max Pain analysis is most useful during the final week before expiration, when option writers are actively hedging and the "pinning effect" (price movement toward Max Pain) is most likely to occur.
  • Expiration Day: On the day of expiration, Max Pain can serve as a key reference level, as market makers may attempt to keep the stock price near this level to minimize their payout obligations.
  • High Open Interest: Max Pain is more reliable when there is significant open interest concentrated around specific strike prices, as this indicates where option writers have the most exposure.
  • Low Volatility Periods: During periods of low market volatility, Max Pain may have a stronger influence, as there are fewer competing forces driving price movement.
  • Monthly Expirations: Monthly option expirations (typically the third Friday) often show stronger Max Pain effects compared to weekly expirations, due to higher open interest and more significant market maker involvement.

While Max Pain can be calculated at any time, its predictive value and practical application increase significantly as expiration approaches, making it particularly useful for short-term trading strategies focused on expiration week dynamics.