ICICIBANK
Icici Bank Ltd.
Max pain for ICICIBANK
28 Sep 2025 10:07 PM IST
Max Pain for ICICIBANK is 1400
Strike 1220 has a total call value of 0 versus a total put value of 96,903,800,000 Combined total value = 96,903,800,000
Strike 1230 has a total call value of 0 versus a total put value of 90,423,200,000 Combined total value = 90,423,200,000
Strike 1240 has a total call value of 0 versus a total put value of 83,942,600,000 Combined total value = 83,942,600,000
Strike 1250 has a total call value of 0 versus a total put value of 77,547,400,000 Combined total value = 77,547,400,000
Strike 1260 has a total call value of 0 versus a total put value of 71,152,200,000 Combined total value = 71,152,200,000
Strike 1270 has a total call value of 0 versus a total put value of 64,888,600,000 Combined total value = 64,888,600,000
Strike 1280 has a total call value of 0 versus a total put value of 58,648,800,000 Combined total value = 58,648,800,000
Strike 1290 has a total call value of 0 versus a total put value of 52,534,300,000 Combined total value = 52,534,300,000
Strike 1300 has a total call value of 0 versus a total put value of 46,470,900,000 Combined total value = 46,470,900,000
Strike 1310 has a total call value of 153,300,000 versus a total put value of 40,969,600,000 Combined total value = 41,122,900,000
Strike 1320 has a total call value of 309,400,000 versus a total put value of 35,611,800,000 Combined total value = 35,921,200,000
Strike 1330 has a total call value of 478,800,000 versus a total put value of 30,399,600,000 Combined total value = 30,878,400,000
Strike 1340 has a total call value of 676,200,000 versus a total put value of 25,418,400,000 Combined total value = 26,094,600,000
Strike 1350 has a total call value of 925,400,000 versus a total put value of 20,741,000,000 Combined total value = 21,666,400,000
Strike 1360 has a total call value of 1,318,800,000 versus a total put value of 16,589,300,000 Combined total value = 17,908,100,000
Strike 1370 has a total call value of 2,178,400,000 versus a total put value of 12,819,800,000 Combined total value = 14,998,200,000
Strike 1380 has a total call value of 3,238,900,000 versus a total put value of 9,280,600,000 Combined total value = 12,519,500,000
Strike 1390 has a total call value of 5,082,700,000 versus a total put value of 6,515,600,000 Combined total value = 11,598,300,000
Strike 1400 has a total call value of 7,237,300,000 versus a total put value of 4,009,600,000 Combined total value = 11,246,900,000
Strike 1410 has a total call value of 11,511,500,000 versus a total put value of 2,855,300,000 Combined total value = 14,366,800,000
Strike 1420 has a total call value of 16,237,900,000 versus a total put value of 1,897,700,000 Combined total value = 18,135,600,000
Strike 1430 has a total call value of 22,012,200,000 versus a total put value of 1,272,600,000 Combined total value = 23,284,800,000
Strike 1440 has a total call value of 28,307,300,000 versus a total put value of 825,300,000 Combined total value = 29,132,600,000
Strike 1450 has a total call value of 35,075,600,000 versus a total put value of 466,900,000 Combined total value = 35,542,500,000
Strike 1460 has a total call value of 42,628,600,000 versus a total put value of 352,800,000 Combined total value = 42,981,400,000
Strike 1470 has a total call value of 50,320,900,000 versus a total put value of 254,800,000 Combined total value = 50,575,700,000
Strike 1480 has a total call value of 58,154,600,000 versus a total put value of 156,800,000 Combined total value = 58,311,400,000
Strike 1490 has a total call value of 66,110,800,000 versus a total put value of 78,400,000 Combined total value = 66,189,200,000
Strike 1500 has a total call value of 74,137,700,000 versus a total put value of 0 Combined total value = 74,137,700,000
Strike 1510 has a total call value of 82,854,800,000 versus a total put value of 0 Combined total value = 82,854,800,000
Strike 1520 has a total call value of 91,597,800,000 versus a total put value of 0 Combined total value = 91,597,800,000
Strike 1530 has a total call value of 100,480,800,000 versus a total put value of 0 Combined total value = 100,480,800,000
Strike 1540 has a total call value of 109,400,200,000 versus a total put value of 0 Combined total value = 109,400,200,000
Strike 1550 has a total call value of 118,363,700,000 versus a total put value of 0 Combined total value = 118,363,700,000
Strike 1560 has a total call value of 127,327,200,000 versus a total put value of 0 Combined total value = 127,327,200,000
Strike 1570 has a total call value of 136,290,700,000 versus a total put value of 0 Combined total value = 136,290,700,000
Strike 1580 has a total call value of 145,254,200,000 versus a total put value of 0 Combined total value = 145,254,200,000
Strike 1590 has a total call value of 154,217,700,000 versus a total put value of 0 Combined total value = 154,217,700,000
Strike 1600 has a total call value of 163,181,200,000 versus a total put value of 0 Combined total value = 163,181,200,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1001.8 | 1100 |
| ABB | 5173.4 | 5400 |
| ABCAPITAL | 278.9 | 285 |
| ADANIENSOL | 879.2 | 900 |
| ADANIENT | 2543.7 | 2600 |
| ADANIGREEN | 1047.4 | 1100 |
| ADANIPORTS | 1392 | 1440 |
| ALKEM | 5433 | 5500 |
| AMBER | 8162.5 | 8400 |
| AMBUJACEM | 565.2 | 600 |
| ANGELONE | 2136.4 | 2200 |
| APLAPOLLO | 1660.1 | 1700 |
| APOLLOHOSP | 7510 | 7650 |
| ASHOKLEY | 141.93 | 140 |
| ASIANPAINT | 2342.8 | 2420 |
| ASTRAL | 1373.8 | 1460 |
| AUBANK | 743.2 | 740 |
| AUROPHARMA | 1090 | 1100 |
| AXISBANK | 1154 | 1140 |
| BAJAJ-AUTO | 8702 | 9000 |
| BAJAJFINSV | 2003.2 | 2020 |
| BAJFINANCE | 985.1 | 1000 |
| BANDHANBNK | 155.02 | 162.5 |
| BANKBARODA | 248.45 | 250 |
| BANKINDIA | 116.33 | 120 |
| BDL | 1497.8 | 1600 |
| BEL | 395.9 | 400 |
| BHARATFORG | 1181.1 | 1220 |
| BHARTIARTL | 1916.6 | 1920 |
| BHEL | 231.01 | 240 |
| BIOCON | 338.9 | 360 |
| BLUESTARCO | 1890.1 | 1940 |
| BOSCHLTD | 38150 | 39000 |
| BPCL | 324.35 | 330 |
| BRITANNIA | 5920.5 | 6000 |
| BSE | 2043.2 | 2150 |
| CAMS | 3800 | 4000 |
| CANBK | 118.08 | 120 |
| CDSL | 1467.7 | 1540 |
| CGPOWER | 739.4 | 760 |
| CHOLAFIN | 1569.9 | 1580 |
| CIPLA | 1499.4 | 1520 |
| COALINDIA | 389.15 | 400 |
| COFORGE | 1538.5 | 1640 |
| COLPAL | 2224.3 | 2340 |
| CONCOR | 524.8 | 550 |
| CROMPTON | 292.6 | 305 |
| CUMMINSIND | 3947.6 | 4000 |
| CYIENT | 1134.1 | 1200 |
| DABUR | 499.75 | 510 |
| DALBHARAT | 2215.4 | 2320 |
| DELHIVERY | 445.7 | 460 |
| DIVISLAB | 5689.5 | 6000 |
| DIXON | 17511 | 18000 |
| DLF | 716.05 | 740 |
| DMART | 4517.8 | 4600 |
| DRREDDY | 1253.1 | 1300 |
| EICHERMOT | 7047 | 7000 |
| ETERNAL | 321 | 320 |
| EXIDEIND | 388.8 | 400 |
| FEDERALBNK | 191.82 | 200 |
| FORTIS | 932.75 | 930 |
| GAIL | 172.02 | 180 |
| GLENMARK | 1971.7 | 2000 |
| GMRAIRPORT | 87.28 | 90 |
| GODREJCP | 1163.9 | 1200 |
| GODREJPROP | 1957.6 | 2000 |
| GRASIM | 2746.8 | 2800 |
| HAL | 4736.1 | 4800 |
| HAVELLS | 1507.4 | 1560 |
| HCLTECH | 1395.3 | 1440 |
| HDFCAMC | 5621 | 5800 |
| HDFCBANK | 945.05 | 960 |
| HDFCLIFE | 764.4 | 770 |
| HEROMOTOCO | 5328 | 5350 |
| HFCL | 72.1 | 75 |
| HINDALCO | 743.85 | 750 |
| HINDPETRO | 422.25 | 420 |
| HINDUNILVR | 2511.8 | 2600 |
| HINDZINC | 449.1 | 460 |
| HUDCO | 220.05 | 230 |
| ICICIBANK | 1359.6 | 1400 |
| ICICIGI | 1894 | 1900 |
| ICICIPRULI | 585.5 | 600 |
| IDEA | 8.02 | 8 |
| IDFCFIRSTB | 68.59 | 71 |
| IEX | 137.76 | 145 |
| IGL | 202.26 | 210 |
| IIFL | 419.35 | 450 |
| INDHOTEL | 709.8 | 750 |
| INDIANB | 706.35 | 710 |
| INDIGO | 5561 | 5800 |
| INDUSINDBK | 712.75 | 750 |
| INDUSTOWER | 346.3 | 360 |
| INFY | 1448.9 | 1500 |
| INOXWIND | 137.46 | 145 |
| IOC | 145.04 | 147.5 |
| IRCTC | 703.1 | 730 |
| IREDA | 146.28 | 155 |
| IRFC | 121.91 | 130 |
| ITC | 405.1 | 410 |
| JINDALSTEL | 1029.5 | 1050 |
| JIOFIN | 295.85 | 315 |
| JSWENERGY | 520.1 | 530 |
| JSWSTEEL | 1130.8 | 1120 |
| JUBLFOOD | 606.9 | 630 |
| KALYANKJIL | 455.8 | 480 |
| KAYNES | 7341 | 7000 |
| KEI | 4049.3 | 4150 |
| KFINTECH | 1070.8 | 1100 |
| KOTAKBANK | 1994.8 | 2040 |
| KPITTECH | 1212.8 | 1260 |
| LAURUSLABS | 832.3 | 880 |
| LICHSGFIN | 564.95 | 590 |
| LICI | 872.45 | 900 |
| LODHA | 1141.1 | 1200 |
| LT | 3729.5 | 3700 |
| LTF | 236.29 | 240 |
| LTIM | 5075 | 5200 |
| LUPIN | 1919.8 | 2000 |
| M&M | 3396.5 | 3500 |
| MANAPPURAM | 276.9 | 280 |
| MANKIND | 2482.9 | 2600 |
| MARICO | 698.35 | 710 |
| MARUTI | 16286 | 16000 |
| MAXHEALTH | 1123.4 | 1160 |
| MAZDOCK | 2827.6 | 3000 |
| MCX | 7920.5 | 8000 |
| MFSL | 1545.6 | 1600 |
| MOTHERSON | 105.66 | 107.5 |
| MPHASIS | 2642.4 | 2800 |
| MUTHOOTFIN | 3020.3 | 3000 |
| NATIONALUM | 200.58 | 210 |
| NAUKRI | 1316.2 | 1400 |
| NBCC | 105.18 | 110 |
| NCC | 202.51 | 210 |
| NESTLEIND | 1162.6 | 1190 |
| NHPC | 83.64 | 85 |
| NMDC | 74.99 | 78 |
| NTPC | 337.9 | 345 |
| NUVAMA | 6115 | 6200 |
| NYKAA | 230.62 | 240 |
| OBEROIRLTY | 1577.7 | 1640 |
| OFSS | 8515 | 9000 |
| OIL | 410.25 | 420 |
| ONGC | 238.02 | 240 |
| PAGEIND | 41240 | 43000 |
| PATANJALI | 589 | 600 |
| PAYTM | 1125.2 | 1180 |
| PERSISTENT | 4951 | 5200 |
| PETRONET | 266.9 | 280 |
| PFC | 397.3 | 410 |
| PGEL | 514.65 | 540 |
| PHOENIXLTD | 1540.4 | 1600 |
| PIDILITIND | 1474.8 | 1500 |
| PIIND | 3487.6 | 3600 |
| PNB | 107.79 | 110 |
| PNBHOUSING | 864.1 | 860 |
| POLICYBZR | 1677.1 | 1700 |
| POLYCAB | 7322.5 | 7400 |
| POWERGRID | 282.25 | 290 |
| PPLPHARMA | 187.73 | 200 |
| PRESTIGE | 1507.4 | 1560 |
| RBLBANK | 272.35 | 270 |
| RECLTD | 367.4 | 380 |
| RELIANCE | 1377.6 | 1400 |
| RVNL | 337.8 | 350 |
| SAIL | 131.02 | 135 |
| SAMMAANCAP | 137.82 | 140 |
| SBICARD | 873.85 | 880 |
| SBILIFE | 1798.8 | 1800 |
| SBIN | 856.95 | 860 |
| SHREECEM | 28910 | 30000 |
| SHRIRAMFIN | 606.05 | 630 |
| SIEMENS | 3096.3 | 3200 |
| SILVER | 0 | 135000 |
| SILVERM | 142014 | 137000 |
| SOLARINDS | 13766 | 14250 |
| SONACOMS | 407.1 | 420 |
| SRF | 2806.9 | 2900 |
| SUNPHARMA | 1586.7 | 1600 |
| SUPREMEIND | 4234.2 | 4400 |
| SUZLON | 55.28 | 57 |
| SYNGENE | 609.45 | 640 |
| TATACONSUM | 1119 | 1120 |
| TATAELXSI | 5303 | 5500 |
| TATAMOTORS | 672.9 | 700 |
| TATAPOWER | 383.8 | 400 |
| TATASTEEL | 167.4 | 170 |
| TATATECH | 667.3 | 700 |
| TCS | 2899.1 | 3000 |
| TECHM | 1407.7 | 1500 |
| TIINDIA | 3129.1 | 3200 |
| TITAGARH | 879.25 | 900 |
| TITAN | 3327.3 | 3400 |
| TORNTPHARM | 3561 | 3550 |
| TORNTPOWER | 1233.3 | 1300 |
| TRENT | 4679 | 4900 |
| TVSMOTOR | 3414.4 | 3400 |
| ULTRACEMCO | 12070 | 12400 |
| UNIONBANK | 134.08 | 140 |
| UNITDSPR | 1297.4 | 1360 |
| UNOMINDA | 1268.9 | 1300 |
| UPL | 648 | 680 |
| VBL | 444.75 | 460 |
| VEDL | 447.95 | 460 |
| VOLTAS | 1340.2 | 1380 |
| WIPRO | 235.75 | 247.5 |
| YESBANK | 20.97 | 21 |
| ZYDUSLIFE | 975 | 1020 |
Note:
| Stock LTP > Max Pain | Bearish Trend |
| Stock LTP < Max Pain | Bullish Trend |
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.
