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WIPRO
WIPRO LTD

536.15 5.11 (0.96%)


Strike  380  has a total call value of 0  versus a total put value of  211,380,375,000 Combined total value = 211,380,375,000

Strike  382.5  has a total call value of 0  versus a total put value of  206,715,750,000 Combined total value = 206,715,750,000

Strike  385  has a total call value of 0  versus a total put value of  202,051,125,000 Combined total value = 202,051,125,000

Strike  387.5  has a total call value of 0  versus a total put value of  197,386,500,000 Combined total value = 197,386,500,000

Strike  390  has a total call value of 0  versus a total put value of  192,721,875,000 Combined total value = 192,721,875,000

Strike  392.5  has a total call value of 0  versus a total put value of  188,057,250,000 Combined total value = 188,057,250,000

Strike  395  has a total call value of 0  versus a total put value of  183,392,625,000 Combined total value = 183,392,625,000

Strike  397.5  has a total call value of 0  versus a total put value of  178,728,000,000 Combined total value = 178,728,000,000

Strike  400  has a total call value of 0  versus a total put value of  174,063,375,000 Combined total value = 174,063,375,000

Strike  402.5  has a total call value of 1,125,000  versus a total put value of  169,589,250,000 Combined total value = 169,590,375,000

Strike  405  has a total call value of 2,250,000  versus a total put value of  165,115,125,000 Combined total value = 165,117,375,000

Strike  407.5  has a total call value of 3,375,000  versus a total put value of  160,641,000,000 Combined total value = 160,644,375,000

Strike  410  has a total call value of 4,500,000  versus a total put value of  156,166,875,000 Combined total value = 156,171,375,000

Strike  412.5  has a total call value of 5,625,000  versus a total put value of  151,726,125,000 Combined total value = 151,731,750,000

Strike  415  has a total call value of 6,750,000  versus a total put value of  147,285,375,000 Combined total value = 147,292,125,000

Strike  417.5  has a total call value of 7,875,000  versus a total put value of  142,844,625,000 Combined total value = 142,852,500,000

Strike  420  has a total call value of 9,000,000  versus a total put value of  138,403,875,000 Combined total value = 138,412,875,000

Strike  422.5  has a total call value of 17,625,000  versus a total put value of  134,038,875,000 Combined total value = 134,056,500,000

Strike  425  has a total call value of 26,250,000  versus a total put value of  129,673,875,000 Combined total value = 129,700,125,000

Strike  427.5  has a total call value of 34,875,000  versus a total put value of  125,337,000,000 Combined total value = 125,371,875,000

Strike  430  has a total call value of 43,500,000  versus a total put value of  121,000,125,000 Combined total value = 121,043,625,000

Strike  432.5  has a total call value of 52,125,000  versus a total put value of  116,779,125,000 Combined total value = 116,831,250,000

Strike  435  has a total call value of 60,750,000  versus a total put value of  112,558,125,000 Combined total value = 112,618,875,000

Strike  437.5  has a total call value of 69,375,000  versus a total put value of  108,355,500,000 Combined total value = 108,424,875,000

Strike  440  has a total call value of 78,000,000  versus a total put value of  104,152,875,000 Combined total value = 104,230,875,000

Strike  442.5  has a total call value of 102,000,000  versus a total put value of  100,021,875,000 Combined total value = 100,123,875,000

Strike  445  has a total call value of 126,000,000  versus a total put value of  95,890,875,000 Combined total value = 96,016,875,000

Strike  447.5  has a total call value of 150,000,000  versus a total put value of  91,781,625,000 Combined total value = 91,931,625,000

Strike  450  has a total call value of 174,000,000  versus a total put value of  87,681,375,000 Combined total value = 87,855,375,000

Strike  452.5  has a total call value of 240,750,000  versus a total put value of  83,808,750,000 Combined total value = 84,049,500,000

Strike  455  has a total call value of 307,500,000  versus a total put value of  79,936,125,000 Combined total value = 80,243,625,000

Strike  457.5  has a total call value of 375,375,000  versus a total put value of  76,086,375,000 Combined total value = 76,461,750,000

Strike  460  has a total call value of 443,250,000  versus a total put value of  72,243,750,000 Combined total value = 72,687,000,000

Strike  462.5  has a total call value of 511,125,000  versus a total put value of  68,539,500,000 Combined total value = 69,050,625,000

Strike  465  has a total call value of 579,000,000  versus a total put value of  64,835,250,000 Combined total value = 65,414,250,000

Strike  467.5  has a total call value of 646,875,000  versus a total put value of  61,164,375,000 Combined total value = 61,811,250,000

Strike  470  has a total call value of 719,625,000  versus a total put value of  57,509,625,000 Combined total value = 58,229,250,000

Strike  472.5  has a total call value of 839,250,000  versus a total put value of  54,083,250,000 Combined total value = 54,922,500,000

Strike  475  has a total call value of 984,000,000  versus a total put value of  50,679,375,000 Combined total value = 51,663,375,000

Strike  477.5  has a total call value of 1,147,500,000  versus a total put value of  47,334,750,000 Combined total value = 48,482,250,000

Strike  480  has a total call value of 1,311,000,000  versus a total put value of  43,990,125,000 Combined total value = 45,301,125,000

Strike  482.5  has a total call value of 1,529,625,000  versus a total put value of  40,881,000,000 Combined total value = 42,410,625,000

Strike  485  has a total call value of 1,748,250,000  versus a total put value of  37,788,000,000 Combined total value = 39,536,250,000

Strike  487.5  has a total call value of 1,987,875,000  versus a total put value of  34,773,750,000 Combined total value = 36,761,625,000

Strike  490  has a total call value of 2,227,500,000  versus a total put value of  31,782,000,000 Combined total value = 34,009,500,000

Strike  492.5  has a total call value of 2,594,250,000  versus a total put value of  28,963,125,000 Combined total value = 31,557,375,000

Strike  495  has a total call value of 2,961,000,000  versus a total put value of  26,174,250,000 Combined total value = 29,135,250,000

Strike  497.5  has a total call value of 3,378,000,000  versus a total put value of  23,463,000,000 Combined total value = 26,841,000,000

Strike  500  has a total call value of 3,795,000,000  versus a total put value of  20,793,000,000 Combined total value = 24,588,000,000

Strike  502.5  has a total call value of 4,470,000,000  versus a total put value of  18,731,625,000 Combined total value = 23,201,625,000

Strike  505  has a total call value of 5,173,875,000  versus a total put value of  16,709,250,000 Combined total value = 21,883,125,000

Strike  507.5  has a total call value of 5,911,125,000  versus a total put value of  14,770,125,000 Combined total value = 20,681,250,000

Strike  510  has a total call value of 6,648,375,000  versus a total put value of  12,867,750,000 Combined total value = 19,516,125,000

Strike  512.5  has a total call value of 7,634,625,000  versus a total put value of  11,224,125,000 Combined total value = 18,858,750,000

Strike  515  has a total call value of 8,640,000,000  versus a total put value of  9,648,375,000 Combined total value = 18,288,375,000

Strike  517.5  has a total call value of 9,687,375,000  versus a total put value of  8,182,875,000 Combined total value = 17,870,250,000

Strike  520  has a total call value of 10,755,750,000  versus a total put value of  6,769,500,000 Combined total value = 17,525,250,000

Strike  522.5  has a total call value of 12,061,875,000  versus a total put value of  5,680,500,000 Combined total value = 17,742,375,000

Strike  525  has a total call value of 13,368,000,000  versus a total put value of  4,591,500,000 Combined total value = 17,959,500,000

Strike  527.5  has a total call value of 14,787,000,000  versus a total put value of  3,708,375,000 Combined total value = 18,495,375,000

Strike  530  has a total call value of 16,206,000,000  versus a total put value of  2,825,250,000 Combined total value = 19,031,250,000

Strike  532.5  has a total call value of 18,072,750,000  versus a total put value of  2,270,250,000 Combined total value = 20,343,000,000

Strike  535  has a total call value of 19,939,500,000  versus a total put value of  1,715,250,000 Combined total value = 21,654,750,000

Strike  537.5  has a total call value of 22,069,125,000  versus a total put value of  1,297,500,000 Combined total value = 23,366,625,000

Strike  540  has a total call value of 24,198,750,000  versus a total put value of  879,750,000 Combined total value = 25,078,500,000

Strike  542.5  has a total call value of 27,468,750,000  versus a total put value of  742,875,000 Combined total value = 28,211,625,000

Strike  545  has a total call value of 30,738,750,000  versus a total put value of  606,000,000 Combined total value = 31,344,750,000

Strike  547.5  has a total call value of 34,292,250,000  versus a total put value of  488,250,000 Combined total value = 34,780,500,000

Strike  550  has a total call value of 37,845,750,000  versus a total put value of  370,500,000 Combined total value = 38,216,250,000

Strike  552.5  has a total call value of 42,536,625,000  versus a total put value of  314,250,000 Combined total value = 42,850,875,000

Strike  555  has a total call value of 47,227,500,000  versus a total put value of  258,000,000 Combined total value = 47,485,500,000

Strike  557.5  has a total call value of 52,105,875,000  versus a total put value of  207,375,000 Combined total value = 52,313,250,000

Strike  560  has a total call value of 56,984,250,000  versus a total put value of  156,750,000 Combined total value = 57,141,000,000

Strike  562.5  has a total call value of 62,328,000,000  versus a total put value of  122,625,000 Combined total value = 62,450,625,000

Strike  565  has a total call value of 67,671,750,000  versus a total put value of  88,500,000 Combined total value = 67,760,250,000

Strike  567.5  has a total call value of 73,146,000,000  versus a total put value of  67,875,000 Combined total value = 73,213,875,000

Strike  570  has a total call value of 78,620,250,000  versus a total put value of  47,250,000 Combined total value = 78,667,500,000

Strike  572.5  has a total call value of 84,460,500,000  versus a total put value of  34,500,000 Combined total value = 84,495,000,000

Strike  575  has a total call value of 90,300,750,000  versus a total put value of  21,750,000 Combined total value = 90,322,500,000

Strike  577.5  has a total call value of 96,278,250,000  versus a total put value of  18,375,000 Combined total value = 96,296,625,000

Strike  580  has a total call value of 102,255,750,000  versus a total put value of  15,000,000 Combined total value = 102,270,750,000

Strike  582.5  has a total call value of 108,729,375,000  versus a total put value of  11,625,000 Combined total value = 108,741,000,000

Strike  585  has a total call value of 115,203,000,000  versus a total put value of  8,250,000 Combined total value = 115,211,250,000

Strike  587.5  has a total call value of 121,717,500,000  versus a total put value of  4,875,000 Combined total value = 121,722,375,000

Strike  590  has a total call value of 128,232,000,000  versus a total put value of  1,500,000 Combined total value = 128,233,500,000

Strike  595  has a total call value of 141,745,500,000  versus a total put value of  750,000 Combined total value = 141,746,250,000

Strike  600  has a total call value of 155,301,750,000  versus a total put value of  0 Combined total value = 155,301,750,000

Strike  605  has a total call value of 169,233,750,000  versus a total put value of  0 Combined total value = 169,233,750,000

Strike  610  has a total call value of 183,165,750,000  versus a total put value of  0 Combined total value = 183,165,750,000

Strike  615  has a total call value of 197,236,500,000  versus a total put value of  0 Combined total value = 197,236,500,000

Strike  620  has a total call value of 211,307,250,000  versus a total put value of  0 Combined total value = 211,307,250,000

Max Pain - Choose a symbol



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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.