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WIPRO
WIPRO LTD

480.1 7.80 (1.65%)


Strike  430  has a total call value of 0  versus a total put value of  42,428,250,000 Combined total value = 42,428,250,000

Strike  435  has a total call value of 2,250,000  versus a total put value of  39,264,750,000 Combined total value = 39,267,000,000

Strike  440  has a total call value of 4,500,000  versus a total put value of  36,101,250,000 Combined total value = 36,105,750,000

Strike  445  has a total call value of 9,750,000  versus a total put value of  33,118,500,000 Combined total value = 33,128,250,000

Strike  450  has a total call value of 15,000,000  versus a total put value of  30,135,750,000 Combined total value = 30,150,750,000

Strike  455  has a total call value of 41,250,000  versus a total put value of  27,495,750,000 Combined total value = 27,537,000,000

Strike  460  has a total call value of 67,500,000  versus a total put value of  24,901,500,000 Combined total value = 24,969,000,000

Strike  465  has a total call value of 97,500,000  versus a total put value of  22,454,250,000 Combined total value = 22,551,750,000

Strike  470  has a total call value of 141,750,000  versus a total put value of  20,064,000,000 Combined total value = 20,205,750,000

Strike  475  has a total call value of 246,000,000  versus a total put value of  17,859,750,000 Combined total value = 18,105,750,000

Strike  480  has a total call value of 385,500,000  versus a total put value of  15,753,000,000 Combined total value = 16,138,500,000

Strike  485  has a total call value of 618,000,000  versus a total put value of  13,732,500,000 Combined total value = 14,350,500,000

Strike  490  has a total call value of 900,750,000  versus a total put value of  11,745,000,000 Combined total value = 12,645,750,000

Strike  495  has a total call value of 1,473,000,000  versus a total put value of  9,864,750,000 Combined total value = 11,337,750,000

Strike  500  has a total call value of 2,163,750,000  versus a total put value of  8,082,750,000 Combined total value = 10,246,500,000

Strike  505  has a total call value of 3,200,250,000  versus a total put value of  6,566,250,000 Combined total value = 9,766,500,000

Strike  510  has a total call value of 4,398,000,000  versus a total put value of  5,109,000,000 Combined total value = 9,507,000,000

Strike  515  has a total call value of 6,321,750,000  versus a total put value of  3,960,750,000 Combined total value = 10,282,500,000

Strike  520  has a total call value of 8,529,750,000  versus a total put value of  2,916,000,000 Combined total value = 11,445,750,000

Strike  525  has a total call value of 12,015,000,000  versus a total put value of  2,381,250,000 Combined total value = 14,396,250,000

Strike  530  has a total call value of 15,780,000,000  versus a total put value of  1,917,750,000 Combined total value = 17,697,750,000

Strike  535  has a total call value of 20,691,750,000  versus a total put value of  1,538,250,000 Combined total value = 22,230,000,000

Strike  540  has a total call value of 25,778,250,000  versus a total put value of  1,197,000,000 Combined total value = 26,975,250,000

Strike  545  has a total call value of 31,537,500,000  versus a total put value of  926,250,000 Combined total value = 32,463,750,000

Strike  550  has a total call value of 37,364,250,000  versus a total put value of  655,500,000 Combined total value = 38,019,750,000

Strike  555  has a total call value of 44,378,250,000  versus a total put value of  494,250,000 Combined total value = 44,872,500,000

Strike  560  has a total call value of 51,462,750,000  versus a total put value of  333,000,000 Combined total value = 51,795,750,000

Strike  565  has a total call value of 58,806,750,000  versus a total put value of  258,750,000 Combined total value = 59,065,500,000

Strike  570  has a total call value of 66,204,000,000  versus a total put value of  184,500,000 Combined total value = 66,388,500,000

Strike  575  has a total call value of 73,831,500,000  versus a total put value of  153,750,000 Combined total value = 73,985,250,000

Strike  580  has a total call value of 81,492,750,000  versus a total put value of  123,000,000 Combined total value = 81,615,750,000

Strike  585  has a total call value of 89,481,750,000  versus a total put value of  92,250,000 Combined total value = 89,574,000,000

Strike  590  has a total call value of 97,496,250,000  versus a total put value of  61,500,000 Combined total value = 97,557,750,000

Strike  595  has a total call value of 105,669,000,000  versus a total put value of  30,750,000 Combined total value = 105,699,750,000

Strike  600  has a total call value of 113,841,750,000  versus a total put value of  0 Combined total value = 113,841,750,000

Strike  605  has a total call value of 123,141,750,000  versus a total put value of  0 Combined total value = 123,141,750,000

Strike  610  has a total call value of 132,441,750,000  versus a total put value of  0 Combined total value = 132,441,750,000

Strike  615  has a total call value of 141,741,750,000  versus a total put value of  0 Combined total value = 141,741,750,000

Strike  620  has a total call value of 151,067,250,000  versus a total put value of  0 Combined total value = 151,067,250,000

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.