WIPRO
Wipro Ltd
Max pain for WIPRO
28 Feb 2025 04:11 PM IST
Max Pain for WIPRO is 290
Strike 240 has a total call value of 0 versus a total put value of 84,590,100,000 Combined total value = 84,590,100,000
Strike 242.5 has a total call value of 0 versus a total put value of 79,133,100,000 Combined total value = 79,133,100,000
Strike 244 has a total call value of 0 versus a total put value of 75,858,900,000 Combined total value = 75,858,900,000
Strike 245 has a total call value of 0 versus a total put value of 73,804,500,000 Combined total value = 73,804,500,000
Strike 247.5 has a total call value of 0 versus a total put value of 68,732,250,000 Combined total value = 68,732,250,000
Strike 249 has a total call value of 0 versus a total put value of 65,688,900,000 Combined total value = 65,688,900,000
Strike 250 has a total call value of 0 versus a total put value of 63,660,000,000 Combined total value = 63,660,000,000
Strike 252.5 has a total call value of 0 versus a total put value of 58,863,750,000 Combined total value = 58,863,750,000
Strike 254 has a total call value of 0 versus a total put value of 55,990,500,000 Combined total value = 55,990,500,000
Strike 255 has a total call value of 0 versus a total put value of 54,075,000,000 Combined total value = 54,075,000,000
Strike 257.5 has a total call value of 0 versus a total put value of 49,379,250,000 Combined total value = 49,379,250,000
Strike 259 has a total call value of 0 versus a total put value of 46,563,150,000 Combined total value = 46,563,150,000
Strike 260 has a total call value of 0 versus a total put value of 44,685,750,000 Combined total value = 44,685,750,000
Strike 262.5 has a total call value of 29,250,000 versus a total put value of 40,483,500,000 Combined total value = 40,512,750,000
Strike 264 has a total call value of 56,250,000 versus a total put value of 37,995,000,000 Combined total value = 38,051,250,000
Strike 265 has a total call value of 74,250,000 versus a total put value of 36,362,400,000 Combined total value = 36,436,650,000
Strike 267.5 has a total call value of 127,500,000 versus a total put value of 32,619,150,000 Combined total value = 32,746,650,000
Strike 269 has a total call value of 165,750,000 versus a total put value of 30,393,900,000 Combined total value = 30,559,650,000
Strike 270 has a total call value of 191,250,000 versus a total put value of 28,910,400,000 Combined total value = 29,101,650,000
Strike 272.5 has a total call value of 343,500,000 versus a total put value of 25,574,400,000 Combined total value = 25,917,900,000
Strike 274 has a total call value of 445,650,000 versus a total put value of 23,616,900,000 Combined total value = 24,062,550,000
Strike 275 has a total call value of 513,750,000 versus a total put value of 22,311,900,000 Combined total value = 22,825,650,000
Strike 277.5 has a total call value of 777,750,000 versus a total put value of 19,457,400,000 Combined total value = 20,235,150,000
Strike 279 has a total call value of 962,250,000 versus a total put value of 17,778,900,000 Combined total value = 18,741,150,000
Strike 280 has a total call value of 1,085,250,000 versus a total put value of 16,659,900,000 Combined total value = 17,745,150,000
Strike 282.5 has a total call value of 1,691,250,000 versus a total put value of 14,310,900,000 Combined total value = 16,002,150,000
Strike 284 has a total call value of 2,130,900,000 versus a total put value of 12,946,050,000 Combined total value = 15,076,950,000
Strike 285 has a total call value of 2,424,000,000 versus a total put value of 12,036,150,000 Combined total value = 14,460,150,000
Strike 287.5 has a total call value of 3,382,500,000 versus a total put value of 9,960,900,000 Combined total value = 13,343,400,000
Strike 289 has a total call value of 3,998,100,000 versus a total put value of 8,742,300,000 Combined total value = 12,740,400,000
Strike 290 has a total call value of 4,408,500,000 versus a total put value of 7,929,900,000 Combined total value = 12,338,400,000
Strike 292.5 has a total call value of 6,153,750,000 versus a total put value of 6,727,650,000 Combined total value = 12,881,400,000
Strike 294 has a total call value of 7,285,050,000 versus a total put value of 6,053,100,000 Combined total value = 13,338,150,000
Strike 295 has a total call value of 8,075,250,000 versus a total put value of 5,621,100,000 Combined total value = 13,696,350,000
Strike 297.5 has a total call value of 10,518,000,000 versus a total put value of 4,691,850,000 Combined total value = 15,209,850,000
Strike 299 has a total call value of 12,064,200,000 versus a total put value of 4,150,950,000 Combined total value = 16,215,150,000
Strike 300 has a total call value of 13,095,000,000 versus a total put value of 3,813,450,000 Combined total value = 16,908,450,000
Strike 302.5 has a total call value of 16,829,250,000 versus a total put value of 3,225,450,000 Combined total value = 20,054,700,000
Strike 304 has a total call value of 19,122,450,000 versus a total put value of 2,889,300,000 Combined total value = 22,011,750,000
Strike 305 has a total call value of 20,676,150,000 versus a total put value of 2,670,000,000 Combined total value = 23,346,150,000
Strike 307.5 has a total call value of 25,086,900,000 versus a total put value of 2,181,750,000 Combined total value = 27,268,650,000
Strike 309 has a total call value of 27,775,200,000 versus a total put value of 1,888,800,000 Combined total value = 29,664,000,000
Strike 310 has a total call value of 29,567,400,000 versus a total put value of 1,693,500,000 Combined total value = 31,260,900,000
Strike 312.5 has a total call value of 34,828,650,000 versus a total put value of 1,353,750,000 Combined total value = 36,182,400,000
Strike 314 has a total call value of 38,025,450,000 versus a total put value of 1,149,900,000 Combined total value = 39,175,350,000
Strike 315 has a total call value of 40,178,550,000 versus a total put value of 1,014,000,000 Combined total value = 41,192,550,000
Strike 317.5 has a total call value of 45,865,800,000 versus a total put value of 826,500,000 Combined total value = 46,692,300,000
Strike 319 has a total call value of 49,298,850,000 versus a total put value of 714,000,000 Combined total value = 50,012,850,000
Strike 320 has a total call value of 51,587,550,000 versus a total put value of 639,000,000 Combined total value = 52,226,550,000
Strike 322.5 has a total call value of 58,022,550,000 versus a total put value of 543,000,000 Combined total value = 58,565,550,000
Strike 324 has a total call value of 61,901,550,000 versus a total put value of 485,400,000 Combined total value = 62,386,950,000
Strike 325 has a total call value of 64,499,250,000 versus a total put value of 447,000,000 Combined total value = 64,946,250,000
Strike 327.5 has a total call value of 71,174,250,000 versus a total put value of 351,000,000 Combined total value = 71,525,250,000
Strike 329 has a total call value of 75,179,250,000 versus a total put value of 293,400,000 Combined total value = 75,472,650,000
Strike 330 has a total call value of 77,849,250,000 versus a total put value of 255,000,000 Combined total value = 78,104,250,000
Strike 332.5 has a total call value of 84,817,500,000 versus a total put value of 210,000,000 Combined total value = 85,027,500,000
Strike 334 has a total call value of 88,998,450,000 versus a total put value of 183,000,000 Combined total value = 89,181,450,000
Strike 335 has a total call value of 91,808,250,000 versus a total put value of 165,000,000 Combined total value = 91,973,250,000
Strike 337.5 has a total call value of 98,901,000,000 versus a total put value of 120,000,000 Combined total value = 99,021,000,000
Strike 339 has a total call value of 103,179,150,000 versus a total put value of 93,000,000 Combined total value = 103,272,150,000
Strike 340 has a total call value of 106,031,250,000 versus a total put value of 75,000,000 Combined total value = 106,106,250,000
Strike 342.5 has a total call value of 113,351,250,000 versus a total put value of 56,250,000 Combined total value = 113,407,500,000
Strike 344 has a total call value of 117,743,250,000 versus a total put value of 45,000,000 Combined total value = 117,788,250,000
Strike 345 has a total call value of 120,671,250,000 versus a total put value of 37,500,000 Combined total value = 120,708,750,000
Strike 347.5 has a total call value of 128,019,750,000 versus a total put value of 18,750,000 Combined total value = 128,038,500,000
Strike 350 has a total call value of 135,368,250,000 versus a total put value of 0 Combined total value = 135,368,250,000
Strike 352.5 has a total call value of 142,872,750,000 versus a total put value of 0 Combined total value = 142,872,750,000
Strike 354 has a total call value of 147,375,450,000 versus a total put value of 0 Combined total value = 147,375,450,000
Strike 355 has a total call value of 150,377,250,000 versus a total put value of 0 Combined total value = 150,377,250,000
Strike 357.5 has a total call value of 157,892,250,000 versus a total put value of 0 Combined total value = 157,892,250,000
Strike 360 has a total call value of 165,407,250,000 versus a total put value of 0 Combined total value = 165,407,250,000
Strike 362.5 has a total call value of 172,960,500,000 versus a total put value of 0 Combined total value = 172,960,500,000
Strike 364 has a total call value of 177,492,450,000 versus a total put value of 0 Combined total value = 177,492,450,000
Strike 365 has a total call value of 180,513,750,000 versus a total put value of 0 Combined total value = 180,513,750,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 376 | 400 |
| ABB | 4935.4 | 5200 |
| ABCAPITAL | 156.33 | 165 |
| ABFRL | 242.15 | 255 |
| ACC | 1818.55 | 2000 |
| ADANIENSOL | 650.9 | 680 |
| ADANIENT | 2096 | 2500 |
| ADANIGREEN | 774.4 | 820 |
| ADANIPORTS | 1069.4 | 1100 |
| ALKEM | 4646.2 | 4650 |
| AMBUJACEM | 464.95 | 510 |
| ANGELONE | 2169.15 | 2100 |
| APLAPOLLO | 1438.95 | 1460 |
| APOLLOHOSP | 6052.6 | 6200 |
| APOLLOTYRE | 374.3 | 400 |
| ASHOKLEY | 212.94 | 220 |
| ASIANPAINT | 2179.75 | 2260 |
| ASTRAL | 1337.25 | 1400 |
| ATGL | 557.15 | 560 |
| AUBANK | 565.7 | 555 |
| AUROPHARMA | 1058.3 | 1100 |
| AXISBANK | 1015.55 | 1030 |
| BAJAJ-AUTO | 7902.9 | 8300 |
| BAJAJFINSV | 1872.3 | 1900 |
| BAJFINANCE | 8530.3 | 8500 |
| BALKRISIND | 2615.65 | 2700 |
| BANDHANBNK | 141.19 | 145 |
| BANKBARODA | 197.07 | 215 |
| BANKINDIA | 95.16 | 100 |
| BEL | 246.25 | 260 |
| BERGEPAINT | 488.55 | 490 |
| BHARATFORG | 1016.5 | 1040 |
| BHARTIARTL | 1570.2 | 1620 |
| BHEL | 179.17 | 195 |
| BIOCON | 302.45 | 320 |
| BOSCHLTD | 26544 | 30000 |
| BPCL | 237.3 | 250 |
| BRITANNIA | 4595.45 | 4800 |
| BSE | 4633.7 | 5100 |
| BSOFT | 424.05 | 450 |
| CAMS | 3143.1 | 3300 |
| CANBK | 80.9 | 88 |
| CDSL | 1107.9 | 1200 |
| CESC | 130.79 | 135 |
| CGPOWER | 572.6 | 580 |
| CHAMBLFERT | 533.7 | 550 |
| CHOLAFIN | 1400.75 | 1400 |
| CIPLA | 1407.5 | 1460 |
| COALINDIA | 369.35 | 380 |
| COFORGE | 7362.15 | 7400 |
| COLPAL | 2464.6 | 2500 |
| CONCOR | 623.7 | 680 |
| CROMPTON | 321.15 | 330 |
| CUMMINSIND | 2717.95 | 2800 |
| CYIENT | 1267.15 | 1300 |
| DABUR | 493.3 | 510 |
| DALBHARAT | 1689.65 | 1700 |
| DEEPAKNTR | 1851.3 | 1900 |
| DELHIVERY | 249.85 | 260 |
| DIVISLAB | 5480.25 | 5650 |
| DIXON | 13935.85 | 14000 |
| DLF | 635.55 | 670 |
| DMART | 3403.95 | 3550 |
| DRREDDY | 1116.5 | 1150 |
| EICHERMOT | 4773.6 | 4950 |
| ESCORTS | 2868.95 | 3000 |
| EXIDEIND | 347.8 | 370 |
| FEDERALBNK | 177.62 | 180 |
| GAIL | 156.04 | 160 |
| GLENMARK | 1278.95 | 1300 |
| GMRAIRPORT | 69.47 | 71 |
| GODREJCP | 1005.15 | 1030 |
| GODREJPROP | 1936.3 | 2000 |
| GRANULES | 461.8 | 490 |
| GRASIM | 2306.65 | 2360 |
| HAL | 3088.2 | 3400 |
| HAVELLS | 1421.8 | 1440 |
| HCLTECH | 1575.05 | 1640 |
| HDFCAMC | 3628.3 | 3800 |
| HDFCBANK | 1732.4 | 1720 |
| HDFCLIFE | 608.5 | 620 |
| HEROMOTOCO | 3681.1 | 3800 |
| HFCL | 79.19 | 85 |
| HINDALCO | 634.35 | 630 |
| HINDCOPPER | 202.32 | 220 |
| HINDPETRO | 293.75 | 310 |
| HINDUNILVR | 2190.25 | 2300 |
| HUDCO | 165.14 | 180 |
| ICICIBANK | 1204.1 | 1250 |
| ICICIGI | 1690.95 | 1720 |
| ICICIPRULI | 551.6 | 560 |
| IDEA | 7.55 | 8 |
| IDFCFIRSTB | 58.39 | 61 |
| IEX | 155.93 | 165 |
| IGL | 189.48 | 195 |
| INDHOTEL | 716.1 | 740 |
| INDIANB | 510.8 | 520 |
| INDIGO | 4477.3 | 4500 |
| INDUSINDBK | 990.1 | 1040 |
| INDUSTOWER | 323.35 | 345 |
| INFY | 1687.7 | 1760 |
| IOC | 113.49 | 120 |
| IRB | 43.26 | 45 |
| IRCTC | 670.95 | 710 |
| IRFC | 112.42 | 115 |
| ITC | 395 | 405 |
| JINDALSTEL | 856.15 | 880 |
| JIOFIN | 207.61 | 220 |
| JKCEMENT | 4389.35 | 4500 |
| JSL | 584.85 | 610 |
| JSWENERGY | 464.1 | 460 |
| JSWSTEEL | 950.7 | 970 |
| JUBLFOOD | 626.1 | 650 |
| KALYANKJIL | 462.25 | 460 |
| KEI | 3070.15 | 3000 |
| KOTAKBANK | 1902.95 | 1940 |
| KPITTECH | 1197.4 | 1260 |
| LAURUSLABS | 527.2 | 540 |
| LICHSGFIN | 496.9 | 530 |
| LICI | 740.5 | 760 |
| LODHA | 1130.9 | 1200 |
| LT | 3163.85 | 3300 |
| LTF | 134.73 | 140 |
| LTIM | 4665.95 | 5000 |
| LTTS | 4533.2 | 4700 |
| LUPIN | 1904.65 | 1900 |
| M&M | 2585.1 | 2700 |
| M&MFIN | 270.6 | 280 |
| MANAPPURAM | 200.96 | 200 |
| MARICO | 600.6 | 620 |
| MARUTI | 11945.85 | 12200 |
| MAXHEALTH | 978.1 | 1020 |
| MCX | 4991.65 | 5400 |
| MFSL | 998.1 | 1040 |
| MGL | 1237.5 | 1300 |
| MOTHERSON | 118.59 | 125 |
| MPHASIS | 2247.25 | 2350 |
| MRF | 105373.7 | 110000 |
| MUTHOOTFIN | 2132.8 | 2200 |
| NATIONALUM | 177.6 | 186 |
| NAUKRI | 6992.65 | 7300 |
| NBCC | 72.86 | 77.5 |
| NCC | 175 | 180 |
| NESTLEIND | 2189.65 | 2260 |
| NHPC | 72.9 | 75 |
| NMDC | 62.48 | 69 |
| NTPC | 311.45 | 320 |
| NYKAA | 158.8 | 160 |
| OBEROIRLTY | 1484.5 | 1520 |
| OFSS | 7763.9 | 8000 |
| OIL | 342.7 | 370 |
| ONGC | 225.25 | 235 |
| PAGEIND | 40515.95 | 42000 |
| PAYTM | 714.95 | 740 |
| PEL | 872.4 | 940 |
| PERSISTENT | 5303.9 | 5400 |
| PETRONET | 283.3 | 290 |
| PFC | 364.3 | 390 |
| PHOENIXLTD | 1548.1 | 1500 |
| PIDILITIND | 2657.9 | 2800 |
| PIIND | 3013.95 | 3100 |
| PNB | 87.39 | 95 |
| POLICYBZR | 1463.6 | 1550 |
| POLYCAB | 4713.4 | 4900 |
| POONAWALLA | 281.3 | 280 |
| POWERGRID | 250.85 | 265 |
| PRESTIGE | 1126.6 | 1150 |
| RAMCOCEM | 829 | 850 |
| RBLBANK | 158.34 | 160 |
| RECLTD | 360.3 | 390 |
| RELIANCE | 1200.1 | 1250 |
| SAIL | 105.02 | 110 |
| SBICARD | 838.8 | 850 |
| SBILIFE | 1430.5 | 1480 |
| SBIN | 688.8 | 720 |
| SHREECEM | 27284 | 27250 |
| SHRIRAMFIN | 617.3 | 610 |
| SIEMENS | 4623.5 | 4800 |
| SJVN | 84.11 | 87.5 |
| SOLARINDS | 8710.6 | 9000 |
| SONACOMS | 493.9 | 500 |
| SRF | 2795.4 | 2800 |
| SUNPHARMA | 1593.25 | 1640 |
| SUPREMEIND | 3329 | 3500 |
| SYNGENE | 652.4 | 700 |
| TATACHEM | 777.35 | 840 |
| TATACOMM | 1352.5 | 1400 |
| TATACONSUM | 963.7 | 1000 |
| TATAELXSI | 5411.1 | 5500 |
| TATAMOTORS | 620.65 | 660 |
| TATAPOWER | 339.2 | 360 |
| TATASTEEL | 137.2 | 140 |
| TCS | 3483.25 | 3650 |
| TECHM | 1487.85 | 1560 |
| TIINDIA | 2462.15 | 2600 |
| TITAN | 3077.25 | 3200 |
| TORNTPHARM | 2948.1 | 3000 |
| TORNTPOWER | 1262.95 | 1300 |
| TRENT | 4851.55 | 5000 |
| TVSMOTOR | 2225.5 | 2320 |
| ULTRACEMCO | 10128.45 | 10500 |
| UNIONBANK | 112.1 | 115 |
| UNITDSPR | 1284.45 | 1300 |
| UPL | 632.95 | 640 |
| USDINR | 0 | 77.25 |
| VBL | 436.05 | 470 |
| VEDL | 394.75 | 430 |
| VOLTAS | 1320.1 | 1300 |
| WIPRO | 277.65 | 290 |
| YESBANK | 16.75 | 18 |
| ZOMATO | 222.1 | 230 |
| ZYDUSLIFE | 876.6 | 900 |
Note:
| Stock LTP > Max Pain | Bearish Trend |
| Stock LTP < Max Pain | Bullish Trend |
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.
