WIPRO
WIPRO LTD
Max pain for WIPRO
19 Apr 2024 04:18 PM IST
Max Pain for WIPRO is 460
Strike 370 has a total call value of 0 versus a total put value of 176,515,500,000 Combined total value = 176,515,500,000
Strike 375 has a total call value of 0 versus a total put value of 164,782,500,000 Combined total value = 164,782,500,000
Strike 380 has a total call value of 0 versus a total put value of 153,049,500,000 Combined total value = 153,049,500,000
Strike 385 has a total call value of 0 versus a total put value of 141,568,500,000 Combined total value = 141,568,500,000
Strike 390 has a total call value of 0 versus a total put value of 130,087,500,000 Combined total value = 130,087,500,000
Strike 395 has a total call value of 0 versus a total put value of 118,931,250,000 Combined total value = 118,931,250,000
Strike 400 has a total call value of 0 versus a total put value of 107,784,750,000 Combined total value = 107,784,750,000
Strike 405 has a total call value of 43,500,000 versus a total put value of 97,689,000,000 Combined total value = 97,732,500,000
Strike 410 has a total call value of 87,000,000 versus a total put value of 87,624,750,000 Combined total value = 87,711,750,000
Strike 415 has a total call value of 136,500,000 versus a total put value of 78,261,000,000 Combined total value = 78,397,500,000
Strike 420 has a total call value of 193,500,000 versus a total put value of 69,006,000,000 Combined total value = 69,199,500,000
Strike 425 has a total call value of 267,750,000 versus a total put value of 60,746,250,000 Combined total value = 61,014,000,000
Strike 430 has a total call value of 346,500,000 versus a total put value of 52,813,500,000 Combined total value = 53,160,000,000
Strike 435 has a total call value of 459,750,000 versus a total put value of 45,481,500,000 Combined total value = 45,941,250,000
Strike 440 has a total call value of 600,750,000 versus a total put value of 38,424,750,000 Combined total value = 39,025,500,000
Strike 445 has a total call value of 985,500,000 versus a total put value of 32,574,750,000 Combined total value = 33,560,250,000
Strike 450 has a total call value of 1,517,250,000 versus a total put value of 27,066,000,000 Combined total value = 28,583,250,000
Strike 455 has a total call value of 2,944,500,000 versus a total put value of 22,941,750,000 Combined total value = 25,886,250,000
Strike 460 has a total call value of 4,810,500,000 versus a total put value of 19,053,750,000 Combined total value = 23,864,250,000
Strike 465 has a total call value of 7,941,750,000 versus a total put value of 15,942,000,000 Combined total value = 23,883,750,000
Strike 470 has a total call value of 11,457,000,000 versus a total put value of 12,963,000,000 Combined total value = 24,420,000,000
Strike 475 has a total call value of 16,096,500,000 versus a total put value of 10,445,250,000 Combined total value = 26,541,750,000
Strike 480 has a total call value of 21,203,250,000 versus a total put value of 8,042,250,000 Combined total value = 29,245,500,000
Strike 485 has a total call value of 28,167,750,000 versus a total put value of 6,457,500,000 Combined total value = 34,625,250,000
Strike 490 has a total call value of 35,697,750,000 versus a total put value of 5,034,000,000 Combined total value = 40,731,750,000
Strike 495 has a total call value of 44,979,750,000 versus a total put value of 3,939,000,000 Combined total value = 48,918,750,000
Strike 500 has a total call value of 54,595,500,000 versus a total put value of 2,901,750,000 Combined total value = 57,497,250,000
Strike 505 has a total call value of 69,090,000,000 versus a total put value of 2,273,250,000 Combined total value = 71,363,250,000
Strike 510 has a total call value of 83,886,750,000 versus a total put value of 1,663,500,000 Combined total value = 85,550,250,000
Strike 515 has a total call value of 99,574,500,000 versus a total put value of 1,186,500,000 Combined total value = 100,761,000,000
Strike 520 has a total call value of 115,515,000,000 versus a total put value of 742,500,000 Combined total value = 116,257,500,000
Strike 525 has a total call value of 133,007,250,000 versus a total put value of 573,750,000 Combined total value = 133,581,000,000
Strike 530 has a total call value of 150,857,250,000 versus a total put value of 405,000,000 Combined total value = 151,262,250,000
Strike 535 has a total call value of 169,222,500,000 versus a total put value of 303,750,000 Combined total value = 169,526,250,000
Strike 540 has a total call value of 187,654,500,000 versus a total put value of 202,500,000 Combined total value = 187,857,000,000
Strike 545 has a total call value of 207,456,000,000 versus a total put value of 101,250,000 Combined total value = 207,557,250,000
Strike 550 has a total call value of 227,292,000,000 versus a total put value of 0 Combined total value = 227,292,000,000
Strike 555 has a total call value of 248,067,750,000 versus a total put value of 0 Combined total value = 248,067,750,000
Strike 560 has a total call value of 268,881,750,000 versus a total put value of 0 Combined total value = 268,881,750,000
Strike 565 has a total call value of 290,011,500,000 versus a total put value of 0 Combined total value = 290,011,500,000
Strike 570 has a total call value of 311,216,250,000 versus a total put value of 0 Combined total value = 311,216,250,000
Strike 575 has a total call value of 332,594,250,000 versus a total put value of 0 Combined total value = 332,594,250,000
Strike 580 has a total call value of 354,073,500,000 versus a total put value of 0 Combined total value = 354,073,500,000
Strike 585 has a total call value of 375,738,750,000 versus a total put value of 0 Combined total value = 375,738,750,000
Strike 590 has a total call value of 397,404,000,000 versus a total put value of 0 Combined total value = 397,404,000,000
Strike 595 has a total call value of 419,088,000,000 versus a total put value of 0 Combined total value = 419,088,000,000
Strike 600 has a total call value of 440,772,000,000 versus a total put value of 0 Combined total value = 440,772,000,000
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.