WIPRO
Wipro Ltd
Max pain for WIPRO
09 Sep 2024 04:11 PM IST
Max Pain for WIPRO is 525
Strike 420 has a total call value of 0 versus a total put value of 176,244,750,000 Combined total value = 176,244,750,000
Strike 425 has a total call value of 0 versus a total put value of 165,858,000,000 Combined total value = 165,858,000,000
Strike 430 has a total call value of 0 versus a total put value of 155,471,250,000 Combined total value = 155,471,250,000
Strike 435 has a total call value of 0 versus a total put value of 145,298,250,000 Combined total value = 145,298,250,000
Strike 440 has a total call value of 0 versus a total put value of 135,125,250,000 Combined total value = 135,125,250,000
Strike 445 has a total call value of 0 versus a total put value of 125,103,000,000 Combined total value = 125,103,000,000
Strike 450 has a total call value of 0 versus a total put value of 115,080,750,000 Combined total value = 115,080,750,000
Strike 455 has a total call value of 6,000,000 versus a total put value of 105,586,500,000 Combined total value = 105,592,500,000
Strike 460 has a total call value of 12,000,000 versus a total put value of 96,092,250,000 Combined total value = 96,104,250,000
Strike 465 has a total call value of 18,000,000 versus a total put value of 86,874,750,000 Combined total value = 86,892,750,000
Strike 470 has a total call value of 24,000,000 versus a total put value of 77,657,250,000 Combined total value = 77,681,250,000
Strike 475 has a total call value of 34,500,000 versus a total put value of 68,895,000,000 Combined total value = 68,929,500,000
Strike 480 has a total call value of 47,250,000 versus a total put value of 60,207,000,000 Combined total value = 60,254,250,000
Strike 485 has a total call value of 78,000,000 versus a total put value of 52,477,500,000 Combined total value = 52,555,500,000
Strike 490 has a total call value of 126,000,000 versus a total put value of 44,853,750,000 Combined total value = 44,979,750,000
Strike 495 has a total call value of 219,000,000 versus a total put value of 37,771,500,000 Combined total value = 37,990,500,000
Strike 500 has a total call value of 324,750,000 versus a total put value of 30,966,000,000 Combined total value = 31,290,750,000
Strike 505 has a total call value of 632,250,000 versus a total put value of 25,343,250,000 Combined total value = 25,975,500,000
Strike 510 has a total call value of 977,250,000 versus a total put value of 19,975,500,000 Combined total value = 20,952,750,000
Strike 515 has a total call value of 1,646,250,000 versus a total put value of 15,231,750,000 Combined total value = 16,878,000,000
Strike 520 has a total call value of 2,552,250,000 versus a total put value of 10,860,750,000 Combined total value = 13,413,000,000
Strike 525 has a total call value of 5,356,500,000 versus a total put value of 8,007,750,000 Combined total value = 13,364,250,000
Strike 530 has a total call value of 8,895,000,000 versus a total put value of 5,584,500,000 Combined total value = 14,479,500,000
Strike 535 has a total call value of 14,062,500,000 versus a total put value of 3,852,750,000 Combined total value = 17,915,250,000
Strike 540 has a total call value of 19,869,000,000 versus a total put value of 2,406,000,000 Combined total value = 22,275,000,000
Strike 545 has a total call value of 28,669,500,000 versus a total put value of 1,704,750,000 Combined total value = 30,374,250,000
Strike 550 has a total call value of 38,136,750,000 versus a total put value of 1,123,500,000 Combined total value = 39,260,250,000
Strike 555 has a total call value of 50,587,500,000 versus a total put value of 789,000,000 Combined total value = 51,376,500,000
Strike 560 has a total call value of 63,300,000,000 versus a total put value of 505,500,000 Combined total value = 63,805,500,000
Strike 565 has a total call value of 77,152,500,000 versus a total put value of 316,500,000 Combined total value = 77,469,000,000
Strike 570 has a total call value of 91,304,250,000 versus a total put value of 150,750,000 Combined total value = 91,455,000,000
Strike 575 has a total call value of 106,241,250,000 versus a total put value of 63,000,000 Combined total value = 106,304,250,000
Strike 580 has a total call value of 121,337,250,000 versus a total put value of 0 Combined total value = 121,337,250,000
Strike 585 has a total call value of 137,451,750,000 versus a total put value of 0 Combined total value = 137,451,750,000
Strike 590 has a total call value of 153,642,000,000 versus a total put value of 0 Combined total value = 153,642,000,000
Strike 595 has a total call value of 170,245,500,000 versus a total put value of 0 Combined total value = 170,245,500,000
Strike 600 has a total call value of 186,849,000,000 versus a total put value of 0 Combined total value = 186,849,000,000
Strike 605 has a total call value of 205,370,250,000 versus a total put value of 0 Combined total value = 205,370,250,000
Strike 610 has a total call value of 223,891,500,000 versus a total put value of 0 Combined total value = 223,891,500,000
Strike 615 has a total call value of 242,615,250,000 versus a total put value of 0 Combined total value = 242,615,250,000
Strike 620 has a total call value of 261,339,000,000 versus a total put value of 0 Combined total value = 261,339,000,000
Strike 625 has a total call value of 280,062,750,000 versus a total put value of 0 Combined total value = 280,062,750,000
Strike 630 has a total call value of 298,786,500,000 versus a total put value of 0 Combined total value = 298,786,500,000
Strike 635 has a total call value of 317,510,250,000 versus a total put value of 0 Combined total value = 317,510,250,000
Strike 640 has a total call value of 336,234,000,000 versus a total put value of 0 Combined total value = 336,234,000,000
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.