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WIPRO
WIPRO LTD

502 -8.20 (-1.61%)


Strike  430  has a total call value of 0  versus a total put value of  89,367,000,000 Combined total value = 89,367,000,000

Strike  435  has a total call value of 0  versus a total put value of  82,623,000,000 Combined total value = 82,623,000,000

Strike  440  has a total call value of 0  versus a total put value of  75,879,000,000 Combined total value = 75,879,000,000

Strike  445  has a total call value of 0  versus a total put value of  69,341,250,000 Combined total value = 69,341,250,000

Strike  450  has a total call value of 0  versus a total put value of  62,803,500,000 Combined total value = 62,803,500,000

Strike  455  has a total call value of 18,750,000  versus a total put value of  56,943,000,000 Combined total value = 56,961,750,000

Strike  460  has a total call value of 37,500,000  versus a total put value of  51,137,250,000 Combined total value = 51,174,750,000

Strike  465  has a total call value of 56,250,000  versus a total put value of  45,568,500,000 Combined total value = 45,624,750,000

Strike  470  has a total call value of 75,000,000  versus a total put value of  40,038,750,000 Combined total value = 40,113,750,000

Strike  475  has a total call value of 172,500,000  versus a total put value of  35,038,500,000 Combined total value = 35,211,000,000

Strike  480  has a total call value of 270,000,000  versus a total put value of  30,090,000,000 Combined total value = 30,360,000,000

Strike  485  has a total call value of 435,000,000  versus a total put value of  25,698,000,000 Combined total value = 26,133,000,000

Strike  490  has a total call value of 600,000,000  versus a total put value of  21,419,250,000 Combined total value = 22,019,250,000

Strike  495  has a total call value of 835,500,000  versus a total put value of  17,505,000,000 Combined total value = 18,340,500,000

Strike  500  has a total call value of 1,092,000,000  versus a total put value of  13,700,250,000 Combined total value = 14,792,250,000

Strike  505  has a total call value of 2,055,750,000  versus a total put value of  10,808,250,000 Combined total value = 12,864,000,000

Strike  510  has a total call value of 3,177,000,000  versus a total put value of  8,092,500,000 Combined total value = 11,269,500,000

Strike  515  has a total call value of 5,154,750,000  versus a total put value of  6,044,250,000 Combined total value = 11,199,000,000

Strike  520  has a total call value of 7,822,500,000  versus a total put value of  4,211,250,000 Combined total value = 12,033,750,000

Strike  525  has a total call value of 13,035,000,000  versus a total put value of  3,234,000,000 Combined total value = 16,269,000,000

Strike  530  has a total call value of 19,054,500,000  versus a total put value of  2,414,250,000 Combined total value = 21,468,750,000

Strike  535  has a total call value of 26,617,500,000  versus a total put value of  1,798,500,000 Combined total value = 28,416,000,000

Strike  540  has a total call value of 34,686,000,000  versus a total put value of  1,269,750,000 Combined total value = 35,955,750,000

Strike  545  has a total call value of 44,681,250,000  versus a total put value of  927,000,000 Combined total value = 45,608,250,000

Strike  550  has a total call value of 54,946,500,000  versus a total put value of  619,500,000 Combined total value = 55,566,000,000

Strike  555  has a total call value of 67,609,500,000  versus a total put value of  480,750,000 Combined total value = 68,090,250,000

Strike  560  has a total call value of 80,417,250,000  versus a total put value of  342,000,000 Combined total value = 80,759,250,000

Strike  565  has a total call value of 93,974,250,000  versus a total put value of  299,250,000 Combined total value = 94,273,500,000

Strike  570  has a total call value of 107,734,500,000  versus a total put value of  256,500,000 Combined total value = 107,991,000,000

Strike  575  has a total call value of 122,257,500,000  versus a total put value of  213,750,000 Combined total value = 122,471,250,000

Strike  580  has a total call value of 136,896,750,000  versus a total put value of  171,000,000 Combined total value = 137,067,750,000

Strike  585  has a total call value of 152,181,750,000  versus a total put value of  128,250,000 Combined total value = 152,310,000,000

Strike  590  has a total call value of 167,514,750,000  versus a total put value of  85,500,000 Combined total value = 167,600,250,000

Strike  595  has a total call value of 183,167,250,000  versus a total put value of  42,750,000 Combined total value = 183,210,000,000

Strike  600  has a total call value of 198,819,750,000  versus a total put value of  0 Combined total value = 198,819,750,000

Strike  605  has a total call value of 216,342,750,000  versus a total put value of  0 Combined total value = 216,342,750,000

Strike  610  has a total call value of 233,919,000,000  versus a total put value of  0 Combined total value = 233,919,000,000

Strike  615  has a total call value of 251,652,750,000  versus a total put value of  0 Combined total value = 251,652,750,000

Strike  620  has a total call value of 269,433,750,000  versus a total put value of  0 Combined total value = 269,433,750,000

Max Pain - Choose a symbol



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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.