WIPRO
Wipro Ltd
Max pain for WIPRO
17 Oct 2024 04:11 PM IST
Max Pain for WIPRO is 535
Strike 400 has a total call value of 0 versus a total put value of 312,382,500,000 Combined total value = 312,382,500,000
Strike 405 has a total call value of 0 versus a total put value of 298,774,500,000 Combined total value = 298,774,500,000
Strike 410 has a total call value of 0 versus a total put value of 285,166,500,000 Combined total value = 285,166,500,000
Strike 415 has a total call value of 0 versus a total put value of 271,558,500,000 Combined total value = 271,558,500,000
Strike 420 has a total call value of 0 versus a total put value of 257,950,500,000 Combined total value = 257,950,500,000
Strike 425 has a total call value of 0 versus a total put value of 244,342,500,000 Combined total value = 244,342,500,000
Strike 430 has a total call value of 0 versus a total put value of 230,734,500,000 Combined total value = 230,734,500,000
Strike 435 has a total call value of 0 versus a total put value of 217,126,500,000 Combined total value = 217,126,500,000
Strike 440 has a total call value of 0 versus a total put value of 203,518,500,000 Combined total value = 203,518,500,000
Strike 445 has a total call value of 0 versus a total put value of 189,910,500,000 Combined total value = 189,910,500,000
Strike 450 has a total call value of 0 versus a total put value of 176,302,500,000 Combined total value = 176,302,500,000
Strike 455 has a total call value of 0 versus a total put value of 163,142,250,000 Combined total value = 163,142,250,000
Strike 460 has a total call value of 0 versus a total put value of 149,982,000,000 Combined total value = 149,982,000,000
Strike 465 has a total call value of 0 versus a total put value of 137,240,250,000 Combined total value = 137,240,250,000
Strike 470 has a total call value of 0 versus a total put value of 124,543,500,000 Combined total value = 124,543,500,000
Strike 475 has a total call value of 0 versus a total put value of 112,287,000,000 Combined total value = 112,287,000,000
Strike 480 has a total call value of 0 versus a total put value of 100,182,000,000 Combined total value = 100,182,000,000
Strike 485 has a total call value of 0 versus a total put value of 88,883,250,000 Combined total value = 88,883,250,000
Strike 490 has a total call value of 0 versus a total put value of 77,691,000,000 Combined total value = 77,691,000,000
Strike 495 has a total call value of 22,500,000 versus a total put value of 67,114,500,000 Combined total value = 67,137,000,000
Strike 500 has a total call value of 51,750,000 versus a total put value of 56,817,000,000 Combined total value = 56,868,750,000
Strike 505 has a total call value of 264,000,000 versus a total put value of 48,234,000,000 Combined total value = 48,498,000,000
Strike 510 has a total call value of 492,000,000 versus a total put value of 39,833,250,000 Combined total value = 40,325,250,000
Strike 515 has a total call value of 779,250,000 versus a total put value of 32,137,500,000 Combined total value = 32,916,750,000
Strike 520 has a total call value of 1,085,250,000 versus a total put value of 24,720,750,000 Combined total value = 25,806,000,000
Strike 525 has a total call value of 1,851,750,000 versus a total put value of 18,939,750,000 Combined total value = 20,791,500,000
Strike 530 has a total call value of 2,851,500,000 versus a total put value of 13,714,500,000 Combined total value = 16,566,000,000
Strike 535 has a total call value of 5,475,000,000 versus a total put value of 10,383,000,000 Combined total value = 15,858,000,000
Strike 540 has a total call value of 8,785,500,000 versus a total put value of 7,486,500,000 Combined total value = 16,272,000,000
Strike 545 has a total call value of 14,205,750,000 versus a total put value of 5,385,750,000 Combined total value = 19,591,500,000
Strike 550 has a total call value of 20,242,500,000 versus a total put value of 3,620,250,000 Combined total value = 23,862,750,000
Strike 555 has a total call value of 29,378,250,000 versus a total put value of 2,723,250,000 Combined total value = 32,101,500,000
Strike 560 has a total call value of 39,346,500,000 versus a total put value of 2,042,250,000 Combined total value = 41,388,750,000
Strike 565 has a total call value of 51,234,000,000 versus a total put value of 1,572,750,000 Combined total value = 52,806,750,000
Strike 570 has a total call value of 63,459,000,000 versus a total put value of 1,152,000,000 Combined total value = 64,611,000,000
Strike 575 has a total call value of 77,490,000,000 versus a total put value of 857,250,000 Combined total value = 78,347,250,000
Strike 580 has a total call value of 91,882,500,000 versus a total put value of 630,000,000 Combined total value = 92,512,500,000
Strike 585 has a total call value of 107,622,000,000 versus a total put value of 472,500,000 Combined total value = 108,094,500,000
Strike 590 has a total call value of 123,635,250,000 versus a total put value of 315,000,000 Combined total value = 123,950,250,000
Strike 595 has a total call value of 140,479,500,000 versus a total put value of 157,500,000 Combined total value = 140,637,000,000
Strike 600 has a total call value of 157,446,000,000 versus a total put value of 0 Combined total value = 157,446,000,000
Strike 605 has a total call value of 177,199,500,000 versus a total put value of 0 Combined total value = 177,199,500,000
Strike 610 has a total call value of 197,007,000,000 versus a total put value of 0 Combined total value = 197,007,000,000
Strike 615 has a total call value of 217,261,500,000 versus a total put value of 0 Combined total value = 217,261,500,000
Strike 620 has a total call value of 237,516,000,000 versus a total put value of 0 Combined total value = 237,516,000,000
Strike 625 has a total call value of 258,419,250,000 versus a total put value of 0 Combined total value = 258,419,250,000
Strike 630 has a total call value of 279,322,500,000 versus a total put value of 0 Combined total value = 279,322,500,000
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.