WIPRO
Wipro Ltd
Max pain for WIPRO
03 Dec 2024 04:11 PM IST
Max Pain for WIPRO is 290
Strike 220 has a total call value of 0 versus a total put value of 168,880,500,000 Combined total value = 168,880,500,000
Strike 222.5 has a total call value of 0 versus a total put value of 161,424,750,000 Combined total value = 161,424,750,000
Strike 225 has a total call value of 0 versus a total put value of 153,969,000,000 Combined total value = 153,969,000,000
Strike 227.5 has a total call value of 0 versus a total put value of 146,513,250,000 Combined total value = 146,513,250,000
Strike 230 has a total call value of 0 versus a total put value of 139,057,500,000 Combined total value = 139,057,500,000
Strike 232.5 has a total call value of 0 versus a total put value of 131,628,000,000 Combined total value = 131,628,000,000
Strike 235 has a total call value of 0 versus a total put value of 124,198,500,000 Combined total value = 124,198,500,000
Strike 237.5 has a total call value of 0 versus a total put value of 116,769,000,000 Combined total value = 116,769,000,000
Strike 240 has a total call value of 0 versus a total put value of 109,339,500,000 Combined total value = 109,339,500,000
Strike 242.5 has a total call value of 0 versus a total put value of 102,123,750,000 Combined total value = 102,123,750,000
Strike 245 has a total call value of 0 versus a total put value of 94,908,000,000 Combined total value = 94,908,000,000
Strike 247.5 has a total call value of 0 versus a total put value of 87,779,250,000 Combined total value = 87,779,250,000
Strike 250 has a total call value of 0 versus a total put value of 80,650,500,000 Combined total value = 80,650,500,000
Strike 252.5 has a total call value of 0 versus a total put value of 74,076,000,000 Combined total value = 74,076,000,000
Strike 255 has a total call value of 0 versus a total put value of 67,501,500,000 Combined total value = 67,501,500,000
Strike 257.5 has a total call value of 0 versus a total put value of 61,181,250,000 Combined total value = 61,181,250,000
Strike 260 has a total call value of 0 versus a total put value of 54,861,000,000 Combined total value = 54,861,000,000
Strike 262.5 has a total call value of 2,250,000 versus a total put value of 49,010,250,000 Combined total value = 49,012,500,000
Strike 265 has a total call value of 4,500,000 versus a total put value of 43,237,500,000 Combined total value = 43,242,000,000
Strike 267.5 has a total call value of 6,750,000 versus a total put value of 37,845,750,000 Combined total value = 37,852,500,000
Strike 270 has a total call value of 9,000,000 versus a total put value of 32,618,250,000 Combined total value = 32,627,250,000
Strike 272.5 has a total call value of 72,750,000 versus a total put value of 27,885,000,000 Combined total value = 27,957,750,000
Strike 275 has a total call value of 136,500,000 versus a total put value of 23,296,500,000 Combined total value = 23,433,000,000
Strike 277.5 has a total call value of 342,000,000 versus a total put value of 19,409,250,000 Combined total value = 19,751,250,000
Strike 280 has a total call value of 567,000,000 versus a total put value of 15,705,750,000 Combined total value = 16,272,750,000
Strike 282.5 has a total call value of 1,209,000,000 versus a total put value of 12,489,750,000 Combined total value = 13,698,750,000
Strike 285 has a total call value of 1,890,000,000 versus a total put value of 9,450,000,000 Combined total value = 11,340,000,000
Strike 287.5 has a total call value of 3,258,750,000 versus a total put value of 6,969,000,000 Combined total value = 10,227,750,000
Strike 290 has a total call value of 4,756,500,000 versus a total put value of 4,788,750,000 Combined total value = 9,545,250,000
Strike 292.5 has a total call value of 7,222,500,000 versus a total put value of 3,378,000,000 Combined total value = 10,600,500,000
Strike 295 has a total call value of 10,245,000,000 versus a total put value of 2,304,750,000 Combined total value = 12,549,750,000
Strike 297.5 has a total call value of 14,147,250,000 versus a total put value of 1,583,250,000 Combined total value = 15,730,500,000
Strike 300 has a total call value of 18,524,250,000 versus a total put value of 1,002,750,000 Combined total value = 19,527,000,000
Strike 302.5 has a total call value of 24,772,500,000 versus a total put value of 804,750,000 Combined total value = 25,577,250,000
Strike 305 has a total call value of 31,155,750,000 versus a total put value of 642,750,000 Combined total value = 31,798,500,000
Strike 307.5 has a total call value of 38,111,250,000 versus a total put value of 533,250,000 Combined total value = 38,644,500,000
Strike 310 has a total call value of 45,252,000,000 versus a total put value of 446,250,000 Combined total value = 45,698,250,000
Strike 312.5 has a total call value of 52,392,750,000 versus a total put value of 359,250,000 Combined total value = 52,752,000,000
Strike 315 has a total call value of 59,757,750,000 versus a total put value of 285,000,000 Combined total value = 60,042,750,000
Strike 317.5 has a total call value of 67,735,500,000 versus a total put value of 212,250,000 Combined total value = 67,947,750,000
Strike 320 has a total call value of 75,852,750,000 versus a total put value of 139,500,000 Combined total value = 75,992,250,000
Strike 322.5 has a total call value of 84,385,500,000 versus a total put value of 69,750,000 Combined total value = 84,455,250,000
Strike 325 has a total call value of 92,975,250,000 versus a total put value of 0 Combined total value = 92,975,250,000
Strike 327.5 has a total call value of 102,404,250,000 versus a total put value of 0 Combined total value = 102,404,250,000
Strike 330 has a total call value of 111,833,250,000 versus a total put value of 0 Combined total value = 111,833,250,000
Strike 332.5 has a total call value of 121,262,250,000 versus a total put value of 0 Combined total value = 121,262,250,000
Strike 335 has a total call value of 130,691,250,000 versus a total put value of 0 Combined total value = 130,691,250,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 445.1 | 460 |
| ABB | 7537.55 | 7500 |
| ABBOTINDIA | 28441.05 | 28000 |
| ABCAPITAL | 199.47 | 200 |
| ABFRL | 316.3 | 320 |
| ACC | 2291.7 | 2300 |
| ADANIENSOL | 801.85 | 800 |
| ADANIENT | 2514.2 | 2540 |
| ADANIGREEN | 1312.8 | 1300 |
| ADANIPORTS | 1288.65 | 1240 |
| ALKEM | 5637.35 | 5600 |
| AMBUJACEM | 566.55 | 550 |
| ANGELONE | 3077.05 | 3000 |
| APLAPOLLO | 1556.8 | 1500 |
| APOLLOHOSP | 7126.55 | 7000 |
| APOLLOTYRE | 521.45 | 510 |
| ASHOKLEY | 235.18 | 230 |
| ASIANPAINT | 2469.4 | 2500 |
| ASTRAL | 1845.7 | 1840 |
| ATGL | 766.25 | 780 |
| ATUL | 7396.45 | 7300 |
| AUBANK | 594.85 | 590 |
| AUROPHARMA | 1264.3 | 1260 |
| AXISBANK | 1160.5 | 1150 |
| BAJAJ-AUTO | 9161.8 | 9200 |
| BAJAJFINSV | 1607.1 | 1600 |
| BAJFINANCE | 6675.45 | 6800 |
| BALKRISIND | 2842.2 | 2800 |
| BANDHANBNK | 175.27 | 175 |
| BANKBARODA | 254.55 | 250 |
| BANKINDIA | 114.02 | 110 |
| BATAINDIA | 1425.9 | 1400 |
| BEL | 312.1 | 305 |
| BERGEPAINT | 482.15 | 490 |
| BHARATFORG | 1350.4 | 1340 |
| BHARTIARTL | 1620.55 | 1600 |
| BHEL | 252.35 | 250 |
| BIOCON | 373.85 | 365 |
| BOSCHLTD | 34923.7 | 35000 |
| BPCL | 294.25 | 295 |
| BRITANNIA | 4909.6 | 4950 |
| BSE | 4513.8 | 4600 |
| BSOFT | 601.45 | 600 |
| CAMS | 5120.2 | 5000 |
| CANBK | 105.12 | 104 |
| CANFINHOME | 834.6 | 830 |
| CDSL | 1663.9 | 1660 |
| CESC | 184.28 | 180 |
| CGPOWER | 761.3 | 750 |
| CHAMBLFERT | 525.1 | 510 |
| CHOLAFIN | 1253.65 | 1260 |
| CIPLA | 1533.9 | 1540 |
| COALINDIA | 422.1 | 420 |
| COFORGE | 8718.25 | 8600 |
| COLPAL | 2896.25 | 2900 |
| CONCOR | 839.85 | 840 |
| COROMANDEL | 1777.5 | 1780 |
| CROMPTON | 409.15 | 410 |
| CUB | 182.9 | 180 |
| CUMMINSIND | 3512.3 | 3500 |
| CYIENT | 1876.6 | 1600 |
| DABUR | 522.55 | 530 |
| DALBHARAT | 1930.8 | 1880 |
| DEEPAKNTR | 2627 | 2700 |
| DELHIVERY | 341.15 | 340 |
| DIVISLAB | 6210.55 | 6150 |
| DIXON | 16866.45 | 16000 |
| DLF | 846.95 | 830 |
| DMART | 3829.85 | 3750 |
| DRREDDY | 1224.5 | 1220 |
| EICHERMOT | 4844.35 | 4900 |
| ESCORTS | 3517.05 | 3600 |
| EXIDEIND | 455.55 | 450 |
| FEDERALBNK | 209.96 | 210 |
| GAIL | 199.99 | 200 |
| GLENMARK | 1559.4 | 1540 |
| GMRINFRA | 83.61 | 84 |
| GNFC | 637.15 | 640 |
| GODREJCP | 1230.45 | 1240 |
| GODREJPROP | 2862.55 | 2850 |
| GRANULES | 534.15 | 560 |
| GRASIM | 2714 | 2640 |
| GUJGASLTD | 497.8 | 480 |
| HAL | 4518.85 | 4500 |
| HAVELLS | 1757.2 | 1740 |
| HCLTECH | 1890.75 | 1880 |
| HDFCAMC | 4258.3 | 4250 |
| HDFCBANK | 1826.3 | 1800 |
| HDFCLIFE | 634 | 650 |
| HEROMOTOCO | 4697 | 4800 |
| HFCL | 130.18 | 130 |
| HINDALCO | 667.55 | 660 |
| HINDCOPPER | 284.7 | 280 |
| HINDPETRO | 384.55 | 385 |
| HINDUNILVR | 2482.85 | 2500 |
| HUDCO | 235.54 | 230 |
| ICICIBANK | 1308.4 | 1300 |
| ICICIGI | 1896.35 | 1900 |
| ICICIPRULI | 684.2 | 700 |
| IDEA | 8.21 | 8 |
| IDFCFIRSTB | 65.2 | 65 |
| IEX | 178.1 | 177.5 |
| IGL | 361.25 | 340 |
| INDHOTEL | 806.65 | 790 |
| INDIAMART | 2357.55 | 2350 |
| INDIANB | 579.9 | 580 |
| INDIGO | 4405.5 | 4400 |
| INDUSINDBK | 998.35 | 1000 |
| INDUSTOWER | 353.9 | 350 |
| INFY | 1892.1 | 1900 |
| IOC | 139.51 | 140 |
| IPCALAB | 1502.75 | 1540 |
| IRB | 55.04 | 53 |
| IRCTC | 831.85 | 830 |
| IRFC | 148.2 | 147.5 |
| ITC | 472.55 | 475 |
| JINDALSTEL | 925.8 | 910 |
| JIOFIN | 340.35 | 330 |
| JKCEMENT | 4647.4 | 4500 |
| JSL | 716.05 | 700 |
| JSWENERGY | 642.95 | 650 |
| JSWSTEEL | 998.8 | 980 |
| JUBLFOOD | 657.05 | 650 |
| KALYANKJIL | 726.85 | 720 |
| KEI | 4340.25 | 4300 |
| KOTAKBANK | 1749.9 | 1780 |
| KPITTECH | 1430.7 | 1400 |
| LALPATHLAB | 2972.9 | 3050 |
| LAURUSLABS | 580.7 | 560 |
| LICHSGFIN | 635.35 | 640 |
| LICI | 969.75 | 980 |
| LODHA | 1296.3 | 1300 |
| LT | 3787.05 | 3700 |
| LTF | 145.62 | 145 |
| LTIM | 6167 | 6200 |
| LTTS | 5316.55 | 5300 |
| LUPIN | 2081.65 | 2060 |
| M&M | 3027.3 | 3000 |
| M&MFIN | 285.3 | 280 |
| MANAPPURAM | 164.19 | 162.5 |
| MARICO | 641.7 | 640 |
| MARUTI | 11279.25 | 11200 |
| MAXHEALTH | 1034.35 | 1000 |
| MCX | 6216.5 | 6200 |
| METROPOLIS | 2076.35 | 2100 |
| MFSL | 1142.35 | 1140 |
| MGL | 1278.25 | 1240 |
| MOTHERSON | 166.2 | 167.5 |
| MPHASIS | 3018.95 | 3000 |
| MRF | 125585.05 | 125000 |
| MUTHOOTFIN | 1932.8 | 1920 |
| NATIONALUM | 246.87 | 242.5 |
| NAUKRI | 8472.5 | 8300 |
| NAVINFLUOR | 3586.85 | 3550 |
| NCC | 314.5 | 310 |
| NESTLEIND | 2261.7 | 2300 |
| NHPC | 81.98 | 81 |
| NMDC | 235.68 | 235 |
| NTPC | 367.45 | 365 |
| NYKAA | 171.88 | 170 |
| OBEROIRLTY | 2060.35 | 2000 |
| OFSS | 12524.85 | 12000 |
| OIL | 490.3 | 480 |
| ONGC | 262.35 | 259 |
| PAGEIND | 46143.25 | 45500 |
| PAYTM | 902.6 | 900 |
| PEL | 1236.5 | 1200 |
| PERSISTENT | 6041.3 | 6000 |
| PETRONET | 339.3 | 333 |
| PFC | 501.15 | 490 |
| PIDILITIND | 3149 | 3100 |
| PIIND | 4138.1 | 4100 |
| PNB | 107.97 | 106 |
| POLICYBZR | 1926.25 | 1800 |
| POLYCAB | 7412.5 | 7200 |
| POONAWALLA | 348.55 | 350 |
| POWERGRID | 329.65 | 330 |
| PRESTIGE | 1724.15 | 1700 |
| PVRINOX | 1598.3 | 1560 |
| RAMCOCEM | 1040.1 | 1000 |
| RBLBANK | 162.71 | 155 |
| RECLTD | 539.7 | 530 |
| RELIANCE | 1323.3 | 1310 |
| SAIL | 122.79 | 120 |
| SBICARD | 704.4 | 700 |
| SBILIFE | 1440.95 | 1440 |
| SBIN | 853.95 | 840 |
| SHREECEM | 27159.35 | 26750 |
| SHRIRAMFIN | 3155.55 | 3100 |
| SIEMENS | 7731 | 7500 |
| SJVN | 117.03 | 115 |
| SONACOMS | 672.7 | 680 |
| SRF | 2311.25 | 2300 |
| SUNPHARMA | 1800.05 | 1800 |
| SUNTV | 774.5 | 760 |
| SUPREMEIND | 4763 | 4600 |
| SYNGENE | 934.85 | 930 |
| TATACHEM | 1136.4 | 1120 |
| TATACOMM | 1807.9 | 1800 |
| TATACONSUM | 955 | 960 |
| TATAELXSI | 7098.55 | 7000 |
| TATAMOTORS | 801.25 | 800 |
| TATAPOWER | 428.55 | 425 |
| TATASTEEL | 146.54 | 150 |
| TCS | 4302.75 | 4300 |
| TECHM | 1749.5 | 1740 |
| TIINDIA | 3620.15 | 3600 |
| TITAN | 3332.75 | 3300 |
| TORNTPHARM | 3363.1 | 3300 |
| TRENT | 6841.35 | 6800 |
| TVSMOTOR | 2556.2 | 2500 |
| UBL | 1955.85 | 1940 |
| ULTRACEMCO | 11852.35 | 11500 |
| UNIONBANK | 126.06 | 124 |
| UNITDSPR | 1542.95 | 1500 |
| UPL | 563.1 | 556.35 |
| VBL | 621.1 | 610 |
| VEDL | 468.35 | 460 |
| VOLTAS | 1688.15 | 1700 |
| WIPRO | 291.65 | 290 |
| YESBANK | 20.84 | 20 |
| ZOMATO | 279.85 | 270 |
| ZYDUSLIFE | 982.1 | 980 |
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.
