WIPRO
Wipro Ltd
Max pain for WIPRO
18 Oct 2024 10:41 AM IST
Max Pain for WIPRO is 545
Strike 400 has a total call value of 0 versus a total put value of 415,225,500,000 Combined total value = 415,225,500,000
Strike 405 has a total call value of 0 versus a total put value of 398,137,500,000 Combined total value = 398,137,500,000
Strike 410 has a total call value of 0 versus a total put value of 381,049,500,000 Combined total value = 381,049,500,000
Strike 415 has a total call value of 0 versus a total put value of 363,961,500,000 Combined total value = 363,961,500,000
Strike 420 has a total call value of 0 versus a total put value of 346,873,500,000 Combined total value = 346,873,500,000
Strike 425 has a total call value of 0 versus a total put value of 329,785,500,000 Combined total value = 329,785,500,000
Strike 430 has a total call value of 0 versus a total put value of 312,697,500,000 Combined total value = 312,697,500,000
Strike 435 has a total call value of 0 versus a total put value of 295,609,500,000 Combined total value = 295,609,500,000
Strike 440 has a total call value of 0 versus a total put value of 278,521,500,000 Combined total value = 278,521,500,000
Strike 445 has a total call value of 0 versus a total put value of 261,433,500,000 Combined total value = 261,433,500,000
Strike 450 has a total call value of 0 versus a total put value of 244,345,500,000 Combined total value = 244,345,500,000
Strike 455 has a total call value of 3,000,000 versus a total put value of 227,682,000,000 Combined total value = 227,685,000,000
Strike 460 has a total call value of 6,000,000 versus a total put value of 211,018,500,000 Combined total value = 211,024,500,000
Strike 465 has a total call value of 9,000,000 versus a total put value of 194,686,500,000 Combined total value = 194,695,500,000
Strike 470 has a total call value of 12,000,000 versus a total put value of 178,397,250,000 Combined total value = 178,409,250,000
Strike 475 has a total call value of 15,000,000 versus a total put value of 162,399,750,000 Combined total value = 162,414,750,000
Strike 480 has a total call value of 18,000,000 versus a total put value of 146,496,750,000 Combined total value = 146,514,750,000
Strike 485 has a total call value of 48,750,000 versus a total put value of 131,192,250,000 Combined total value = 131,241,000,000
Strike 490 has a total call value of 79,500,000 versus a total put value of 115,982,250,000 Combined total value = 116,061,750,000
Strike 495 has a total call value of 110,250,000 versus a total put value of 101,391,750,000 Combined total value = 101,502,000,000
Strike 500 has a total call value of 141,000,000 versus a total put value of 87,075,750,000 Combined total value = 87,216,750,000
Strike 505 has a total call value of 315,000,000 versus a total put value of 74,779,500,000 Combined total value = 75,094,500,000
Strike 510 has a total call value of 504,000,000 versus a total put value of 62,670,000,000 Combined total value = 63,174,000,000
Strike 515 has a total call value of 747,000,000 versus a total put value of 51,368,250,000 Combined total value = 52,115,250,000
Strike 520 has a total call value of 990,000,000 versus a total put value of 40,395,000,000 Combined total value = 41,385,000,000
Strike 525 has a total call value of 1,620,750,000 versus a total put value of 31,122,000,000 Combined total value = 32,742,750,000
Strike 530 has a total call value of 2,450,250,000 versus a total put value of 22,710,750,000 Combined total value = 25,161,000,000
Strike 535 has a total call value of 4,423,500,000 versus a total put value of 16,704,750,000 Combined total value = 21,128,250,000
Strike 540 has a total call value of 6,720,000,000 versus a total put value of 11,349,000,000 Combined total value = 18,069,000,000
Strike 545 has a total call value of 10,277,250,000 versus a total put value of 7,661,250,000 Combined total value = 17,938,500,000
Strike 550 has a total call value of 14,378,250,000 versus a total put value of 4,623,000,000 Combined total value = 19,001,250,000
Strike 555 has a total call value of 21,774,000,000 versus a total put value of 3,226,500,000 Combined total value = 25,000,500,000
Strike 560 has a total call value of 30,375,000,000 versus a total put value of 2,293,500,000 Combined total value = 32,668,500,000
Strike 565 has a total call value of 41,418,750,000 versus a total put value of 1,772,250,000 Combined total value = 43,191,000,000
Strike 570 has a total call value of 53,144,250,000 versus a total put value of 1,314,750,000 Combined total value = 54,459,000,000
Strike 575 has a total call value of 66,921,750,000 versus a total put value of 1,014,750,000 Combined total value = 67,936,500,000
Strike 580 has a total call value of 81,159,750,000 versus a total put value of 714,750,000 Combined total value = 81,874,500,000
Strike 585 has a total call value of 96,986,250,000 versus a total put value of 486,750,000 Combined total value = 97,473,000,000
Strike 590 has a total call value of 113,183,250,000 versus a total put value of 282,750,000 Combined total value = 113,466,000,000
Strike 595 has a total call value of 130,131,000,000 versus a total put value of 140,250,000 Combined total value = 130,271,250,000
Strike 600 has a total call value of 147,261,000,000 versus a total put value of 0 Combined total value = 147,261,000,000
Strike 605 has a total call value of 167,547,750,000 versus a total put value of 0 Combined total value = 167,547,750,000
Strike 610 has a total call value of 187,935,750,000 versus a total put value of 0 Combined total value = 187,935,750,000
Strike 615 has a total call value of 208,855,500,000 versus a total put value of 0 Combined total value = 208,855,500,000
Strike 620 has a total call value of 229,775,250,000 versus a total put value of 0 Combined total value = 229,775,250,000
Strike 625 has a total call value of 251,434,500,000 versus a total put value of 0 Combined total value = 251,434,500,000
Strike 630 has a total call value of 273,093,750,000 versus a total put value of 0 Combined total value = 273,093,750,000
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.
