WIPRO
WIPRO LTD
Max pain for WIPRO
19 Apr 2024 10:20 AM IST
Max Pain for WIPRO is 465
Strike 370 has a total call value of 0 versus a total put value of 160,092,000,000 Combined total value = 160,092,000,000
Strike 375 has a total call value of 0 versus a total put value of 150,060,000,000 Combined total value = 150,060,000,000
Strike 380 has a total call value of 0 versus a total put value of 140,028,000,000 Combined total value = 140,028,000,000
Strike 385 has a total call value of 0 versus a total put value of 130,074,750,000 Combined total value = 130,074,750,000
Strike 390 has a total call value of 0 versus a total put value of 120,121,500,000 Combined total value = 120,121,500,000
Strike 395 has a total call value of 0 versus a total put value of 110,323,500,000 Combined total value = 110,323,500,000
Strike 400 has a total call value of 0 versus a total put value of 100,525,500,000 Combined total value = 100,525,500,000
Strike 405 has a total call value of 48,750,000 versus a total put value of 91,593,000,000 Combined total value = 91,641,750,000
Strike 410 has a total call value of 97,500,000 versus a total put value of 82,718,250,000 Combined total value = 82,815,750,000
Strike 415 has a total call value of 146,250,000 versus a total put value of 74,196,000,000 Combined total value = 74,342,250,000
Strike 420 has a total call value of 200,250,000 versus a total put value of 65,768,250,000 Combined total value = 65,968,500,000
Strike 425 has a total call value of 266,250,000 versus a total put value of 57,939,750,000 Combined total value = 58,206,000,000
Strike 430 has a total call value of 337,500,000 versus a total put value of 50,370,750,000 Combined total value = 50,708,250,000
Strike 435 has a total call value of 444,000,000 versus a total put value of 43,405,500,000 Combined total value = 43,849,500,000
Strike 440 has a total call value of 591,750,000 versus a total put value of 36,683,250,000 Combined total value = 37,275,000,000
Strike 445 has a total call value of 994,500,000 versus a total put value of 30,906,750,000 Combined total value = 31,901,250,000
Strike 450 has a total call value of 1,589,250,000 versus a total put value of 25,414,500,000 Combined total value = 27,003,750,000
Strike 455 has a total call value of 3,290,250,000 versus a total put value of 21,223,500,000 Combined total value = 24,513,750,000
Strike 460 has a total call value of 5,334,000,000 versus a total put value of 17,241,750,000 Combined total value = 22,575,750,000
Strike 465 has a total call value of 8,381,250,000 versus a total put value of 14,055,750,000 Combined total value = 22,437,000,000
Strike 470 has a total call value of 11,835,000,000 versus a total put value of 11,021,250,000 Combined total value = 22,856,250,000
Strike 475 has a total call value of 16,091,250,000 versus a total put value of 8,482,500,000 Combined total value = 24,573,750,000
Strike 480 has a total call value of 20,838,000,000 versus a total put value of 6,075,750,000 Combined total value = 26,913,750,000
Strike 485 has a total call value of 27,402,750,000 versus a total put value of 4,599,750,000 Combined total value = 32,002,500,000
Strike 490 has a total call value of 34,562,250,000 versus a total put value of 3,314,250,000 Combined total value = 37,876,500,000
Strike 495 has a total call value of 43,648,500,000 versus a total put value of 2,403,750,000 Combined total value = 46,052,250,000
Strike 500 has a total call value of 53,194,500,000 versus a total put value of 1,590,000,000 Combined total value = 54,784,500,000
Strike 505 has a total call value of 67,697,250,000 versus a total put value of 1,227,000,000 Combined total value = 68,924,250,000
Strike 510 has a total call value of 82,414,500,000 versus a total put value of 864,000,000 Combined total value = 83,278,500,000
Strike 515 has a total call value of 98,086,500,000 versus a total put value of 501,000,000 Combined total value = 98,587,500,000
Strike 520 has a total call value of 113,976,750,000 versus a total put value of 138,000,000 Combined total value = 114,114,750,000
Strike 525 has a total call value of 131,424,000,000 versus a total put value of 69,000,000 Combined total value = 131,493,000,000
Strike 530 has a total call value of 149,216,250,000 versus a total put value of 0 Combined total value = 149,216,250,000
Strike 535 has a total call value of 167,591,250,000 versus a total put value of 0 Combined total value = 167,591,250,000
Strike 540 has a total call value of 186,027,750,000 versus a total put value of 0 Combined total value = 186,027,750,000
Strike 545 has a total call value of 205,674,750,000 versus a total put value of 0 Combined total value = 205,674,750,000
Strike 550 has a total call value of 225,408,000,000 versus a total put value of 0 Combined total value = 225,408,000,000
Strike 555 has a total call value of 246,150,000,000 versus a total put value of 0 Combined total value = 246,150,000,000
Strike 560 has a total call value of 266,946,750,000 versus a total put value of 0 Combined total value = 266,946,750,000
Strike 565 has a total call value of 288,068,250,000 versus a total put value of 0 Combined total value = 288,068,250,000
Strike 570 has a total call value of 309,264,000,000 versus a total put value of 0 Combined total value = 309,264,000,000
Strike 575 has a total call value of 330,651,000,000 versus a total put value of 0 Combined total value = 330,651,000,000
Strike 580 has a total call value of 352,038,000,000 versus a total put value of 0 Combined total value = 352,038,000,000
Strike 585 has a total call value of 373,695,000,000 versus a total put value of 0 Combined total value = 373,695,000,000
Strike 590 has a total call value of 395,352,000,000 versus a total put value of 0 Combined total value = 395,352,000,000
Strike 595 has a total call value of 417,009,000,000 versus a total put value of 0 Combined total value = 417,009,000,000
Strike 600 has a total call value of 438,666,000,000 versus a total put value of 0 Combined total value = 438,666,000,000
Max Pain - Choose a symbol
Index
A
B
C
D
E
G
H
I
J
L
M
N
O
P
R
S
T
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.