WIPRO
WIPRO LTD
Max pain for WIPRO
04 Jul 2024 12:31 PM IST
Max Pain for WIPRO is 530
Strike 360 has a total call value of 0 versus a total put value of 266,410,500,000 Combined total value = 266,410,500,000
Strike 365 has a total call value of 0 versus a total put value of 256,829,250,000 Combined total value = 256,829,250,000
Strike 370 has a total call value of 0 versus a total put value of 247,248,000,000 Combined total value = 247,248,000,000
Strike 375 has a total call value of 0 versus a total put value of 237,666,750,000 Combined total value = 237,666,750,000
Strike 380 has a total call value of 0 versus a total put value of 228,085,500,000 Combined total value = 228,085,500,000
Strike 385 has a total call value of 0 versus a total put value of 218,504,250,000 Combined total value = 218,504,250,000
Strike 390 has a total call value of 0 versus a total put value of 208,923,000,000 Combined total value = 208,923,000,000
Strike 395 has a total call value of 0 versus a total put value of 199,341,750,000 Combined total value = 199,341,750,000
Strike 400 has a total call value of 0 versus a total put value of 189,760,500,000 Combined total value = 189,760,500,000
Strike 405 has a total call value of 0 versus a total put value of 180,303,750,000 Combined total value = 180,303,750,000
Strike 410 has a total call value of 0 versus a total put value of 170,847,000,000 Combined total value = 170,847,000,000
Strike 415 has a total call value of 0 versus a total put value of 161,390,250,000 Combined total value = 161,390,250,000
Strike 420 has a total call value of 0 versus a total put value of 151,933,500,000 Combined total value = 151,933,500,000
Strike 425 has a total call value of 0 versus a total put value of 142,556,250,000 Combined total value = 142,556,250,000
Strike 430 has a total call value of 0 versus a total put value of 133,179,000,000 Combined total value = 133,179,000,000
Strike 435 has a total call value of 0 versus a total put value of 123,887,250,000 Combined total value = 123,887,250,000
Strike 440 has a total call value of 0 versus a total put value of 114,608,250,000 Combined total value = 114,608,250,000
Strike 445 has a total call value of 0 versus a total put value of 105,700,500,000 Combined total value = 105,700,500,000
Strike 450 has a total call value of 0 versus a total put value of 96,792,750,000 Combined total value = 96,792,750,000
Strike 455 has a total call value of 40,500,000 versus a total put value of 88,463,250,000 Combined total value = 88,503,750,000
Strike 460 has a total call value of 81,000,000 versus a total put value of 80,145,000,000 Combined total value = 80,226,000,000
Strike 465 has a total call value of 316,500,000 versus a total put value of 72,086,250,000 Combined total value = 72,402,750,000
Strike 470 has a total call value of 552,000,000 versus a total put value of 64,108,500,000 Combined total value = 64,660,500,000
Strike 475 has a total call value of 1,043,250,000 versus a total put value of 56,374,500,000 Combined total value = 57,417,750,000
Strike 480 has a total call value of 1,543,500,000 versus a total put value of 48,848,250,000 Combined total value = 50,391,750,000
Strike 485 has a total call value of 2,169,000,000 versus a total put value of 42,054,750,000 Combined total value = 44,223,750,000
Strike 490 has a total call value of 2,838,750,000 versus a total put value of 35,415,000,000 Combined total value = 38,253,750,000
Strike 495 has a total call value of 3,578,250,000 versus a total put value of 29,241,000,000 Combined total value = 32,819,250,000
Strike 500 has a total call value of 4,369,500,000 versus a total put value of 23,342,250,000 Combined total value = 27,711,750,000
Strike 505 has a total call value of 5,667,750,000 versus a total put value of 19,224,750,000 Combined total value = 24,892,500,000
Strike 510 has a total call value of 7,065,000,000 versus a total put value of 15,340,500,000 Combined total value = 22,405,500,000
Strike 515 has a total call value of 8,674,500,000 versus a total put value of 12,057,000,000 Combined total value = 20,731,500,000
Strike 520 has a total call value of 10,347,750,000 versus a total put value of 8,978,250,000 Combined total value = 19,326,000,000
Strike 525 has a total call value of 12,341,250,000 versus a total put value of 6,711,000,000 Combined total value = 19,052,250,000
Strike 530 has a total call value of 14,447,250,000 versus a total put value of 4,590,000,000 Combined total value = 19,037,250,000
Strike 535 has a total call value of 16,982,250,000 versus a total put value of 3,144,000,000 Combined total value = 20,126,250,000
Strike 540 has a total call value of 19,878,750,000 versus a total put value of 1,926,000,000 Combined total value = 21,804,750,000
Strike 545 has a total call value of 24,384,750,000 versus a total put value of 1,300,500,000 Combined total value = 25,685,250,000
Strike 550 has a total call value of 29,412,000,000 versus a total put value of 828,750,000 Combined total value = 30,240,750,000
Strike 555 has a total call value of 36,127,500,000 versus a total put value of 594,000,000 Combined total value = 36,721,500,000
Strike 560 has a total call value of 43,027,500,000 versus a total put value of 399,000,000 Combined total value = 43,426,500,000
Strike 565 has a total call value of 50,726,250,000 versus a total put value of 277,500,000 Combined total value = 51,003,750,000
Strike 570 has a total call value of 58,572,000,000 versus a total put value of 174,000,000 Combined total value = 58,746,000,000
Strike 575 has a total call value of 67,019,250,000 versus a total put value of 106,500,000 Combined total value = 67,125,750,000
Strike 580 has a total call value of 75,567,750,000 versus a total put value of 54,750,000 Combined total value = 75,622,500,000
Strike 585 has a total call value of 85,058,250,000 versus a total put value of 38,250,000 Combined total value = 85,096,500,000
Strike 590 has a total call value of 94,596,000,000 versus a total put value of 24,000,000 Combined total value = 94,620,000,000
Strike 595 has a total call value of 104,353,500,000 versus a total put value of 12,000,000 Combined total value = 104,365,500,000
Strike 600 has a total call value of 114,111,000,000 versus a total put value of 0 Combined total value = 114,111,000,000
Strike 605 has a total call value of 124,913,250,000 versus a total put value of 0 Combined total value = 124,913,250,000
Strike 610 has a total call value of 135,715,500,000 versus a total put value of 0 Combined total value = 135,715,500,000
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.