WIPRO
Wipro Ltd
Max pain for WIPRO
20 Sep 2024 04:11 PM IST
Max Pain for WIPRO is 535
Strike 420 has a total call value of 0 versus a total put value of 210,529,500,000 Combined total value = 210,529,500,000
Strike 425 has a total call value of 0 versus a total put value of 199,340,250,000 Combined total value = 199,340,250,000
Strike 430 has a total call value of 0 versus a total put value of 188,151,000,000 Combined total value = 188,151,000,000
Strike 435 has a total call value of 0 versus a total put value of 177,176,250,000 Combined total value = 177,176,250,000
Strike 440 has a total call value of 0 versus a total put value of 166,211,250,000 Combined total value = 166,211,250,000
Strike 445 has a total call value of 0 versus a total put value of 155,403,750,000 Combined total value = 155,403,750,000
Strike 450 has a total call value of 0 versus a total put value of 144,596,250,000 Combined total value = 144,596,250,000
Strike 455 has a total call value of 0 versus a total put value of 134,251,500,000 Combined total value = 134,251,500,000
Strike 460 has a total call value of 0 versus a total put value of 123,906,750,000 Combined total value = 123,906,750,000
Strike 465 has a total call value of 0 versus a total put value of 113,701,500,000 Combined total value = 113,701,500,000
Strike 470 has a total call value of 0 versus a total put value of 103,496,250,000 Combined total value = 103,496,250,000
Strike 475 has a total call value of 12,000,000 versus a total put value of 93,470,250,000 Combined total value = 93,482,250,000
Strike 480 has a total call value of 24,000,000 versus a total put value of 83,515,500,000 Combined total value = 83,539,500,000
Strike 485 has a total call value of 68,250,000 versus a total put value of 73,800,000,000 Combined total value = 73,868,250,000
Strike 490 has a total call value of 136,500,000 versus a total put value of 64,206,750,000 Combined total value = 64,343,250,000
Strike 495 has a total call value of 249,750,000 versus a total put value of 54,899,250,000 Combined total value = 55,149,000,000
Strike 500 has a total call value of 374,250,000 versus a total put value of 45,774,000,000 Combined total value = 46,148,250,000
Strike 505 has a total call value of 598,500,000 versus a total put value of 37,883,250,000 Combined total value = 38,481,750,000
Strike 510 has a total call value of 850,500,000 versus a total put value of 30,429,750,000 Combined total value = 31,280,250,000
Strike 515 has a total call value of 1,140,750,000 versus a total put value of 23,928,750,000 Combined total value = 25,069,500,000
Strike 520 has a total call value of 1,480,500,000 versus a total put value of 17,818,500,000 Combined total value = 19,299,000,000
Strike 525 has a total call value of 2,238,750,000 versus a total put value of 13,308,000,000 Combined total value = 15,546,750,000
Strike 530 has a total call value of 3,295,500,000 versus a total put value of 9,388,500,000 Combined total value = 12,684,000,000
Strike 535 has a total call value of 5,168,250,000 versus a total put value of 6,591,750,000 Combined total value = 11,760,000,000
Strike 540 has a total call value of 7,672,500,000 versus a total put value of 4,305,000,000 Combined total value = 11,977,500,000
Strike 545 has a total call value of 12,180,000,000 versus a total put value of 3,042,000,000 Combined total value = 15,222,000,000
Strike 550 has a total call value of 17,643,000,000 versus a total put value of 2,048,250,000 Combined total value = 19,691,250,000
Strike 555 has a total call value of 26,913,750,000 versus a total put value of 1,522,500,000 Combined total value = 28,436,250,000
Strike 560 has a total call value of 37,341,000,000 versus a total put value of 1,126,500,000 Combined total value = 38,467,500,000
Strike 565 has a total call value of 49,782,750,000 versus a total put value of 846,750,000 Combined total value = 50,629,500,000
Strike 570 has a total call value of 62,623,500,000 versus a total put value of 609,750,000 Combined total value = 63,233,250,000
Strike 575 has a total call value of 76,353,000,000 versus a total put value of 426,750,000 Combined total value = 76,779,750,000
Strike 580 has a total call value of 90,422,250,000 versus a total put value of 259,500,000 Combined total value = 90,681,750,000
Strike 585 has a total call value of 105,945,750,000 versus a total put value of 180,750,000 Combined total value = 106,126,500,000
Strike 590 has a total call value of 121,720,500,000 versus a total put value of 112,500,000 Combined total value = 121,833,000,000
Strike 595 has a total call value of 138,091,500,000 versus a total put value of 56,250,000 Combined total value = 138,147,750,000
Strike 600 has a total call value of 154,530,750,000 versus a total put value of 0 Combined total value = 154,530,750,000
Strike 605 has a total call value of 172,313,250,000 versus a total put value of 0 Combined total value = 172,313,250,000
Strike 610 has a total call value of 190,095,750,000 versus a total put value of 0 Combined total value = 190,095,750,000
Strike 615 has a total call value of 208,133,250,000 versus a total put value of 0 Combined total value = 208,133,250,000
Strike 620 has a total call value of 226,170,750,000 versus a total put value of 0 Combined total value = 226,170,750,000
Strike 625 has a total call value of 244,243,500,000 versus a total put value of 0 Combined total value = 244,243,500,000
Strike 630 has a total call value of 262,316,250,000 versus a total put value of 0 Combined total value = 262,316,250,000
Strike 635 has a total call value of 280,389,000,000 versus a total put value of 0 Combined total value = 280,389,000,000
Strike 640 has a total call value of 298,461,750,000 versus a total put value of 0 Combined total value = 298,461,750,000
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.