WIPRO
Wipro Ltd
Max pain for WIPRO
16 Sep 2024 04:11 PM IST
Max Pain for WIPRO is 540
Strike 430 has a total call value of 0 versus a total put value of 248,999,250,000 Combined total value = 248,999,250,000
Strike 435 has a total call value of 0 versus a total put value of 235,059,000,000 Combined total value = 235,059,000,000
Strike 440 has a total call value of 0 versus a total put value of 221,118,750,000 Combined total value = 221,118,750,000
Strike 445 has a total call value of 0 versus a total put value of 207,339,750,000 Combined total value = 207,339,750,000
Strike 450 has a total call value of 0 versus a total put value of 193,560,750,000 Combined total value = 193,560,750,000
Strike 455 has a total call value of 0 versus a total put value of 180,295,500,000 Combined total value = 180,295,500,000
Strike 460 has a total call value of 0 versus a total put value of 167,030,250,000 Combined total value = 167,030,250,000
Strike 465 has a total call value of 0 versus a total put value of 153,979,500,000 Combined total value = 153,979,500,000
Strike 470 has a total call value of 0 versus a total put value of 140,928,750,000 Combined total value = 140,928,750,000
Strike 475 has a total call value of 0 versus a total put value of 128,116,500,000 Combined total value = 128,116,500,000
Strike 480 has a total call value of 0 versus a total put value of 115,357,500,000 Combined total value = 115,357,500,000
Strike 485 has a total call value of 0 versus a total put value of 102,976,500,000 Combined total value = 102,976,500,000
Strike 490 has a total call value of 0 versus a total put value of 90,700,500,000 Combined total value = 90,700,500,000
Strike 495 has a total call value of 0 versus a total put value of 78,764,250,000 Combined total value = 78,764,250,000
Strike 500 has a total call value of 13,500,000 versus a total put value of 67,075,500,000 Combined total value = 67,089,000,000
Strike 505 has a total call value of 179,250,000 versus a total put value of 56,724,000,000 Combined total value = 56,903,250,000
Strike 510 has a total call value of 374,250,000 versus a total put value of 46,802,250,000 Combined total value = 47,176,500,000
Strike 515 has a total call value of 671,250,000 versus a total put value of 37,858,500,000 Combined total value = 38,529,750,000
Strike 520 has a total call value of 1,035,750,000 versus a total put value of 29,266,500,000 Combined total value = 30,302,250,000
Strike 525 has a total call value of 2,191,500,000 versus a total put value of 22,550,250,000 Combined total value = 24,741,750,000
Strike 530 has a total call value of 3,690,750,000 versus a total put value of 16,621,500,000 Combined total value = 20,312,250,000
Strike 535 has a total call value of 5,967,000,000 versus a total put value of 11,972,250,000 Combined total value = 17,939,250,000
Strike 540 has a total call value of 8,607,750,000 versus a total put value of 7,869,000,000 Combined total value = 16,476,750,000
Strike 545 has a total call value of 12,288,750,000 versus a total put value of 5,133,000,000 Combined total value = 17,421,750,000
Strike 550 has a total call value of 16,404,750,000 versus a total put value of 3,051,750,000 Combined total value = 19,456,500,000
Strike 555 has a total call value of 23,491,500,000 versus a total put value of 2,172,000,000 Combined total value = 25,663,500,000
Strike 560 has a total call value of 31,334,250,000 versus a total put value of 1,548,750,000 Combined total value = 32,883,000,000
Strike 565 has a total call value of 40,794,750,000 versus a total put value of 1,148,250,000 Combined total value = 41,943,000,000
Strike 570 has a total call value of 50,794,500,000 versus a total put value of 825,000,000 Combined total value = 51,619,500,000
Strike 575 has a total call value of 61,757,250,000 versus a total put value of 588,000,000 Combined total value = 62,345,250,000
Strike 580 has a total call value of 73,093,500,000 versus a total put value of 384,000,000 Combined total value = 73,477,500,000
Strike 585 has a total call value of 85,425,750,000 versus a total put value of 278,250,000 Combined total value = 85,704,000,000
Strike 590 has a total call value of 98,058,750,000 versus a total put value of 178,500,000 Combined total value = 98,237,250,000
Strike 595 has a total call value of 111,259,500,000 versus a total put value of 89,250,000 Combined total value = 111,348,750,000
Strike 600 has a total call value of 124,575,750,000 versus a total put value of 0 Combined total value = 124,575,750,000
Strike 605 has a total call value of 139,662,000,000 versus a total put value of 0 Combined total value = 139,662,000,000
Strike 610 has a total call value of 154,748,250,000 versus a total put value of 0 Combined total value = 154,748,250,000
Strike 615 has a total call value of 170,225,250,000 versus a total put value of 0 Combined total value = 170,225,250,000
Strike 620 has a total call value of 185,702,250,000 versus a total put value of 0 Combined total value = 185,702,250,000
Strike 625 has a total call value of 201,216,750,000 versus a total put value of 0 Combined total value = 201,216,750,000
Strike 630 has a total call value of 216,731,250,000 versus a total put value of 0 Combined total value = 216,731,250,000
Strike 635 has a total call value of 232,245,750,000 versus a total put value of 0 Combined total value = 232,245,750,000
Strike 640 has a total call value of 247,760,250,000 versus a total put value of 0 Combined total value = 247,760,250,000
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.