WIPRO
Wipro Ltd
Max pain for WIPRO
06 Sep 2024 04:11 PM IST
Max Pain for WIPRO is 525
Strike 420 has a total call value of 0 versus a total put value of 175,964,250,000 Combined total value = 175,964,250,000
Strike 425 has a total call value of 0 versus a total put value of 165,788,250,000 Combined total value = 165,788,250,000
Strike 430 has a total call value of 0 versus a total put value of 155,612,250,000 Combined total value = 155,612,250,000
Strike 435 has a total call value of 0 versus a total put value of 145,648,500,000 Combined total value = 145,648,500,000
Strike 440 has a total call value of 0 versus a total put value of 135,684,750,000 Combined total value = 135,684,750,000
Strike 445 has a total call value of 0 versus a total put value of 125,873,250,000 Combined total value = 125,873,250,000
Strike 450 has a total call value of 0 versus a total put value of 116,061,750,000 Combined total value = 116,061,750,000
Strike 455 has a total call value of 5,250,000 versus a total put value of 106,773,750,000 Combined total value = 106,779,000,000
Strike 460 has a total call value of 10,500,000 versus a total put value of 97,485,750,000 Combined total value = 97,496,250,000
Strike 465 has a total call value of 15,750,000 versus a total put value of 88,463,250,000 Combined total value = 88,479,000,000
Strike 470 has a total call value of 21,000,000 versus a total put value of 79,442,250,000 Combined total value = 79,463,250,000
Strike 475 has a total call value of 30,750,000 versus a total put value of 70,848,750,000 Combined total value = 70,879,500,000
Strike 480 has a total call value of 40,500,000 versus a total put value of 62,334,750,000 Combined total value = 62,375,250,000
Strike 485 has a total call value of 68,250,000 versus a total put value of 54,727,500,000 Combined total value = 54,795,750,000
Strike 490 has a total call value of 96,000,000 versus a total put value of 47,221,500,000 Combined total value = 47,317,500,000
Strike 495 has a total call value of 168,000,000 versus a total put value of 40,239,750,000 Combined total value = 40,407,750,000
Strike 500 has a total call value of 251,250,000 versus a total put value of 33,516,000,000 Combined total value = 33,767,250,000
Strike 505 has a total call value of 516,000,000 versus a total put value of 27,819,750,000 Combined total value = 28,335,750,000
Strike 510 has a total call value of 811,500,000 versus a total put value of 22,348,500,000 Combined total value = 23,160,000,000
Strike 515 has a total call value of 1,392,000,000 versus a total put value of 17,459,250,000 Combined total value = 18,851,250,000
Strike 520 has a total call value of 2,118,750,000 versus a total put value of 12,927,000,000 Combined total value = 15,045,750,000
Strike 525 has a total call value of 4,318,500,000 versus a total put value of 9,845,250,000 Combined total value = 14,163,750,000
Strike 530 has a total call value of 7,158,000,000 versus a total put value of 7,233,750,000 Combined total value = 14,391,750,000
Strike 535 has a total call value of 11,527,500,000 versus a total put value of 5,352,000,000 Combined total value = 16,879,500,000
Strike 540 has a total call value of 16,506,000,000 versus a total put value of 3,765,000,000 Combined total value = 20,271,000,000
Strike 545 has a total call value of 24,156,750,000 versus a total put value of 2,947,500,000 Combined total value = 27,104,250,000
Strike 550 has a total call value of 32,433,000,000 versus a total put value of 2,252,250,000 Combined total value = 34,685,250,000
Strike 555 has a total call value of 43,638,750,000 versus a total put value of 1,818,000,000 Combined total value = 45,456,750,000
Strike 560 has a total call value of 55,126,500,000 versus a total put value of 1,435,500,000 Combined total value = 56,562,000,000
Strike 565 has a total call value of 67,761,750,000 versus a total put value of 1,146,000,000 Combined total value = 68,907,750,000
Strike 570 has a total call value of 80,652,750,000 versus a total put value of 879,000,000 Combined total value = 81,531,750,000
Strike 575 has a total call value of 94,434,750,000 versus a total put value of 690,000,000 Combined total value = 95,124,750,000
Strike 580 has a total call value of 108,375,000,000 versus a total put value of 501,000,000 Combined total value = 108,876,000,000
Strike 585 has a total call value of 123,339,750,000 versus a total put value of 375,750,000 Combined total value = 123,715,500,000
Strike 590 has a total call value of 138,390,000,000 versus a total put value of 250,500,000 Combined total value = 138,640,500,000
Strike 595 has a total call value of 153,869,250,000 versus a total put value of 125,250,000 Combined total value = 153,994,500,000
Strike 600 has a total call value of 169,348,500,000 versus a total put value of 0 Combined total value = 169,348,500,000
Strike 605 has a total call value of 186,887,250,000 versus a total put value of 0 Combined total value = 186,887,250,000
Strike 610 has a total call value of 204,426,000,000 versus a total put value of 0 Combined total value = 204,426,000,000
Strike 615 has a total call value of 222,196,500,000 versus a total put value of 0 Combined total value = 222,196,500,000
Strike 620 has a total call value of 239,967,000,000 versus a total put value of 0 Combined total value = 239,967,000,000
Strike 625 has a total call value of 257,737,500,000 versus a total put value of 0 Combined total value = 257,737,500,000
Strike 630 has a total call value of 275,508,000,000 versus a total put value of 0 Combined total value = 275,508,000,000
Strike 635 has a total call value of 293,278,500,000 versus a total put value of 0 Combined total value = 293,278,500,000
Strike 640 has a total call value of 311,049,000,000 versus a total put value of 0 Combined total value = 311,049,000,000
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.