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ICICIPRULI

Icici Pru Life Ins Co Ltd
650.4 +4.75 (0.74%)
L: 647.65 H: 653
Max Pain - ICICIPRULI
19 Dec 2025 04:10 PM IST Market Closed


Strike  500  has a total call value of 0  versus a total put value of  26,442,975,000 Combined total value = 26,442,975,000

Strike  505  has a total call value of 0  versus a total put value of  25,253,425,000 Combined total value = 25,253,425,000

Strike  510  has a total call value of 0  versus a total put value of  24,063,875,000 Combined total value = 24,063,875,000

Strike  515  has a total call value of 0  versus a total put value of  22,874,325,000 Combined total value = 22,874,325,000

Strike  520  has a total call value of 0  versus a total put value of  21,684,775,000 Combined total value = 21,684,775,000

Strike  525  has a total call value of 0  versus a total put value of  20,495,225,000 Combined total value = 20,495,225,000

Strike  530  has a total call value of 0  versus a total put value of  19,305,675,000 Combined total value = 19,305,675,000

Strike  535  has a total call value of 0  versus a total put value of  18,116,125,000 Combined total value = 18,116,125,000

Strike  540  has a total call value of 0  versus a total put value of  16,926,575,000 Combined total value = 16,926,575,000

Strike  545  has a total call value of 0  versus a total put value of  15,737,487,500 Combined total value = 15,737,487,500

Strike  550  has a total call value of 0  versus a total put value of  14,548,400,000 Combined total value = 14,548,400,000

Strike  555  has a total call value of 1,387,500  versus a total put value of  13,381,975,000 Combined total value = 13,383,362,500

Strike  560  has a total call value of 2,775,000  versus a total put value of  12,215,550,000 Combined total value = 12,218,325,000

Strike  565  has a total call value of 4,162,500  versus a total put value of  11,075,487,500 Combined total value = 11,079,650,000

Strike  570  has a total call value of 5,550,000  versus a total put value of  9,943,750,000 Combined total value = 9,949,300,000

Strike  575  has a total call value of 8,787,500  versus a total put value of  8,873,525,000 Combined total value = 8,882,312,500

Strike  580  has a total call value of 12,025,000  versus a total put value of  7,808,850,000 Combined total value = 7,820,875,000

Strike  585  has a total call value of 15,725,000  versus a total put value of  6,796,437,500 Combined total value = 6,812,162,500

Strike  590  has a total call value of 19,425,000  versus a total put value of  5,792,350,000 Combined total value = 5,811,775,000

Strike  595  has a total call value of 23,125,000  versus a total put value of  5,043,562,500 Combined total value = 5,066,687,500

Strike  600  has a total call value of 29,137,500  versus a total put value of  4,295,700,000 Combined total value = 4,324,837,500

Strike  605  has a total call value of 53,650,000  versus a total put value of  3,619,062,500 Combined total value = 3,672,712,500

Strike  610  has a total call value of 79,087,500  versus a total put value of  2,974,800,000 Combined total value = 3,053,887,500

Strike  615  has a total call value of 131,350,000  versus a total put value of  2,402,225,000 Combined total value = 2,533,575,000

Strike  620  has a total call value of 198,412,500  versus a total put value of  1,887,000,000 Combined total value = 2,085,412,500

Strike  625  has a total call value of 315,425,000  versus a total put value of  1,461,962,500 Combined total value = 1,777,387,500

Strike  630  has a total call value of 454,175,000  versus a total put value of  1,074,387,500 Combined total value = 1,528,562,500

Strike  635  has a total call value of 916,675,000  versus a total put value of  755,725,000 Combined total value = 1,672,400,000

Strike  640  has a total call value of 1,407,387,500  versus a total put value of  470,825,000 Combined total value = 1,878,212,500

Strike  645  has a total call value of 2,023,437,500  versus a total put value of  283,512,500 Combined total value = 2,306,950,000

Strike  650  has a total call value of 2,693,137,500  versus a total put value of  161,412,500 Combined total value = 2,854,550,000

Strike  655  has a total call value of 3,576,050,000  versus a total put value of  108,225,000 Combined total value = 3,684,275,000

Strike  660  has a total call value of 4,517,237,500  versus a total put value of  66,600,000 Combined total value = 4,583,837,500

Strike  665  has a total call value of 5,585,150,000  versus a total put value of  40,237,500 Combined total value = 5,625,387,500

Strike  670  has a total call value of 6,719,662,500  versus a total put value of  13,875,000 Combined total value = 6,733,537,500

Strike  675  has a total call value of 7,962,400,000  versus a total put value of  10,637,500 Combined total value = 7,973,037,500

Strike  680  has a total call value of 9,256,012,500  versus a total put value of  7,400,000 Combined total value = 9,263,412,500

Strike  685  has a total call value of 10,876,612,500  versus a total put value of  5,550,000 Combined total value = 10,882,162,500

Strike  690  has a total call value of 12,530,975,000  versus a total put value of  3,700,000 Combined total value = 12,534,675,000

Strike  695  has a total call value of 14,257,950,000  versus a total put value of  1,850,000 Combined total value = 14,259,800,000

Strike  700  has a total call value of 16,062,162,500  versus a total put value of  0 Combined total value = 16,062,162,500

Strike  705  has a total call value of 18,119,825,000  versus a total put value of  0 Combined total value = 18,119,825,000

Strike  710  has a total call value of 20,195,987,500  versus a total put value of  0 Combined total value = 20,195,987,500

Strike  715  has a total call value of 22,361,412,500  versus a total put value of  0 Combined total value = 22,361,412,500

Strike  720  has a total call value of 24,526,837,500  versus a total put value of  0 Combined total value = 24,526,837,500

Max-Pain Table for Stocks
  Note:- click on symbol to see more detailed view
Max Pain Table (Stocks)
Symbol Symbol Ltp Max Pain
360ONE 1138.9 1140
ABB 5177 5200
ABCAPITAL 348.7 345
ADANIENSOL 988.25 980
ADANIENT 2239 2300
ADANIGREEN 1020.9 1040
ADANIPORTS 1496.4 1500
ALKEM 5555.5 5650
AMBER 6681 6800
AMBUJACEM 539.65 550
ANGELONE 2518.1 2550
APLAPOLLO 1820.1 1780
APOLLOHOSP 7012.5 7100
ASHOKLEY 173.56 165
ASIANPAINT 2799.9 2800
ASTRAL 1423.6 1440
AUBANK 985.15 960
AUROPHARMA 1225.1 1220
AXISBANK 1230.6 1240
BAJAJ-AUTO 9002 9000
BAJAJFINSV 2043.8 2060
BAJFINANCE 1008.3 1020
BANDHANBNK 150.09 150
BANKBARODA 292.05 290
BANKINDIA 143.21 143
BDL 1373.1 1400
BEL 392.85 400
BHARATFORG 1439.9 1400
BHARTIARTL 2097.7 2100
BHEL 275.75 280
BIOCON 398.55 395
BLUESTARCO 1781.4 1780
BOSCHLTD 35940 36000
BPCL 365.95 365
BRITANNIA 6103 6000
BSE 2684.8 2700
CAMS 758.1 780
CANBK 148.58 150
CDSL 1499.6 1560
CGPOWER 671.6 680
CHOLAFIN 1648.1 1700
CIPLA 1517.1 1520
COALINDIA 385.6 385
COFORGE 1845.4 1840
COLPAL 2111.1 2180
CONCOR 501.35 520
CROMPTON 255.6 265
CUMMINSIND 4410.4 4400
CYIENT 1157.6 1140
DABUR 493.95 500
DALBHARAT 2015.3 2020
DELHIVERY 405.95 410
DIVISLAB 6478.5 6450
DIXON 13268 13500
DLF 691.2 710
DMART 3819.5 3900
DRREDDY 1278.2 1270
EICHERMOT 7217 7150
ETERNAL 286.05 295
EXIDEIND 363.25 370
FEDERALBNK 267.85 260
FORTIS 890.9 900
GAIL 169.76 175
GLENMARK 1992.1 1940
GMRAIRPORT 101.53 102
GODREJCP 1186.2 1160
GODREJPROP 2044.8 2080
GRASIM 2812.5 2800
HAL 4305.3 4500
HAVELLS 1416.9 1440
HCLTECH 1642.4 1660
HDFCAMC 2672.2 2660
HDFCBANK 985.5 995
HDFCLIFE 766.45 770
HEROMOTOCO 5781 5900
HFCL 64.12 67
HINDALCO 852 820
HINDPETRO 469.75 460
HINDUNILVR 2280 2300
HINDZINC 588.75 560
HUDCO 211.27 217.5
ICICIBANK 1354.1 1370
ICICIGI 1954.3 1960
ICICIPRULI 650.4 630
IDEA 11.96 11
IDFCFIRSTB 84.68 82
IEX 141.4 145
IIFL 564.6 560
INDHOTEL 731.2 730
INDIANB 781.4 820
INDIGO 5153.5 5100
INDUSINDBK 844.7 850
INDUSTOWER 414.05 410
INFY 1638.7 1600
INOXWIND 126.87 130
IOC 162.6 162
IRCTC 674 690
IREDA 133.19 140
IRFC 113.98 116
ITC 401.05 405
JINDALSTEL 992.6 1020
JIOFIN 296.95 305
JSWENERGY 478.25 490
JSWSTEEL 1079.6 1120
JUBLFOOD 563.7 580
KALYANKJIL 484.85 480
KAYNES 4185 4400
KEI 4284.4 4150
KFINTECH 1078.1 1080
KOTAKBANK 2159.5 2160
KPITTECH 1224.6 1220
LAURUSLABS 1045.2 1010
LICHSGFIN 532.45 550
LICI 852 870
LODHA 1090.2 1120
LT 4073.5 4040
LTF 300.3 300
LTIM 6197.5 6100
LUPIN 2125.8 2100
M&M 3603.6 3650
MANAPPURAM 292.65 285
MANKIND 2172.1 2200
MARICO 741.2 740
MARUTI 16414 16300
MAXHEALTH 1075.8 1100
MAZDOCK 2408.2 2500
MCX 10307 10100
MFSL 1689.9 1700
MOTHERSON 120.98 117
MPHASIS 2890.2 2900
MUTHOOTFIN 3781.2 3750
NATIONALUM 278.5 270
NAUKRI 1340.8 1360
NBCC 113.7 112
NCC 155.9 165
NESTLEIND 1244.4 1240
NHPC 76.61 78
NMDC 76.3 77
NTPC 319.9 325
NUVAMA 7169 7200
NYKAA 249.05 252.5
OBEROIRLTY 1675.3 1660
OFSS 7823.5 8000
OIL 405.05 410
ONGC 232.89 237.5
PAGEIND 35745 37000
PATANJALI 559.4 550
PAYTM 1336 1300
PERSISTENT 6358 6300
PETRONET 273.85 280
PFC 338.7 355
PGEL 582 570
PHOENIXLTD 1831.3 1780
PIDILITIND 1458.3 1480
PIIND 3249.6 3350
PNB 119.82 120
PNBHOUSING 927.8 910
POLICYBZR 1888.9 1860
POLYCAB 7439 7300
POWERGRID 263.45 270
POWERINDIA 18555 18750
PPLPHARMA 171.28 177.5
PRESTIGE 1624.1 1660
RBLBANK 300.25 305
RECLTD 339.2 355
RELIANCE 1565.1 1550
RVNL 319.15 315
SAIL 125.91 130
SAMMAANCAP 145.05 155
SBICARD 870.3 870
SBILIFE 2028.4 2020
SBIN 980.3 970
SHREECEM 25600 26000
SHRIRAMFIN 901.7 880
SIEMENS 3111.6 3200
SOLARINDS 11911 12500
SONACOMS 496.8 500
SRF 3090.3 3000
SUNPHARMA 1744.9 1760
SUPREMEIND 3368.1 3400
SUZLON 52.59 54
SYNGENE 654.15 650
TATACONSUM 1184 1180
TATAELXSI 5413.5 5300
TATAMOTORS 0 320
TATAPOWER 380.55 390
TATASTEEL 168.69 170
TATATECH 654.2 670
TCS 3282 3240
TECHM 1612.5 1580
TIINDIA 2634.9 2700
TITAGARH 785 800
TITAN 3930.1 3880
TMPV 352.65 360
TORNTPHARM 3800.3 3750
TORNTPOWER 1279.1 1300
TRENT 4062.2 4200
TVSMOTOR 3666 3600
ULTRACEMCO 11496 11600
UNIONBANK 154.03 155
UNITDSPR 1406.7 1430
UNOMINDA 1267.8 1280
UPL 751.55 750
VBL 469.4 470
VEDL 581.6 555
VOLTAS 1375.5 1380
WIPRO 264.45 260
YESBANK 21.7 22
ZYDUSLIFE 919.6 930

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.