WIPRO
WIPRO LTD
Max pain for WIPRO
19 Mar 2024 10:23 AM IST
Max Pain for WIPRO is 515
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
Index
A
B
C
D
E
G
H
I
J
L
M
N
O
P
R
S
T
U
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.