WIPRO
Wipro Ltd
Max pain for WIPRO
20 Dec 2024 04:11 PM IST
Max Pain for WIPRO is 302.5
Strike 240 has a total call value of 0 versus a total put value of 178,149,750,000 Combined total value = 178,149,750,000
Strike 242.5 has a total call value of 0 versus a total put value of 169,157,250,000 Combined total value = 169,157,250,000
Strike 245 has a total call value of 0 versus a total put value of 160,164,750,000 Combined total value = 160,164,750,000
Strike 247.5 has a total call value of 18,750,000 versus a total put value of 151,243,500,000 Combined total value = 151,262,250,000
Strike 250 has a total call value of 37,500,000 versus a total put value of 142,322,250,000 Combined total value = 142,359,750,000
Strike 252.5 has a total call value of 65,250,000 versus a total put value of 133,824,000,000 Combined total value = 133,889,250,000
Strike 255 has a total call value of 93,000,000 versus a total put value of 125,325,750,000 Combined total value = 125,418,750,000
Strike 257.5 has a total call value of 120,750,000 versus a total put value of 117,022,500,000 Combined total value = 117,143,250,000
Strike 260 has a total call value of 148,500,000 versus a total put value of 108,798,000,000 Combined total value = 108,946,500,000
Strike 262.5 has a total call value of 176,250,000 versus a total put value of 100,786,500,000 Combined total value = 100,962,750,000
Strike 265 has a total call value of 204,000,000 versus a total put value of 92,841,750,000 Combined total value = 93,045,750,000
Strike 267.5 has a total call value of 238,500,000 versus a total put value of 85,092,000,000 Combined total value = 85,330,500,000
Strike 270 has a total call value of 273,000,000 versus a total put value of 77,436,750,000 Combined total value = 77,709,750,000
Strike 272.5 has a total call value of 355,500,000 versus a total put value of 69,970,500,000 Combined total value = 70,326,000,000
Strike 275 has a total call value of 438,000,000 versus a total put value of 62,558,250,000 Combined total value = 62,996,250,000
Strike 277.5 has a total call value of 607,500,000 versus a total put value of 55,490,250,000 Combined total value = 56,097,750,000
Strike 280 has a total call value of 777,000,000 versus a total put value of 48,492,000,000 Combined total value = 49,269,000,000
Strike 282.5 has a total call value of 1,107,750,000 versus a total put value of 41,963,250,000 Combined total value = 43,071,000,000
Strike 285 has a total call value of 1,438,500,000 versus a total put value of 35,548,500,000 Combined total value = 36,987,000,000
Strike 287.5 has a total call value of 1,932,000,000 versus a total put value of 29,565,000,000 Combined total value = 31,497,000,000
Strike 290 has a total call value of 2,511,000,000 versus a total put value of 23,880,000,000 Combined total value = 26,391,000,000
Strike 292.5 has a total call value of 3,311,250,000 versus a total put value of 18,964,500,000 Combined total value = 22,275,750,000
Strike 295 has a total call value of 4,192,500,000 versus a total put value of 14,396,250,000 Combined total value = 18,588,750,000
Strike 297.5 has a total call value of 5,221,500,000 versus a total put value of 10,462,500,000 Combined total value = 15,684,000,000
Strike 300 has a total call value of 6,548,250,000 versus a total put value of 7,248,000,000 Combined total value = 13,796,250,000
Strike 302.5 has a total call value of 8,310,000,000 versus a total put value of 5,303,250,000 Combined total value = 13,613,250,000
Strike 305 has a total call value of 10,148,250,000 versus a total put value of 3,857,250,000 Combined total value = 14,005,500,000
Strike 307.5 has a total call value of 12,531,750,000 versus a total put value of 2,901,750,000 Combined total value = 15,433,500,000
Strike 310 has a total call value of 15,172,500,000 versus a total put value of 2,185,500,000 Combined total value = 17,358,000,000
Strike 312.5 has a total call value of 17,813,250,000 versus a total put value of 1,469,250,000 Combined total value = 19,282,500,000
Strike 315 has a total call value of 21,113,250,000 versus a total put value of 903,750,000 Combined total value = 22,017,000,000
Strike 317.5 has a total call value of 26,078,250,000 versus a total put value of 531,750,000 Combined total value = 26,610,000,000
Strike 320 has a total call value of 31,762,500,000 versus a total put value of 252,750,000 Combined total value = 32,015,250,000
Strike 322.5 has a total call value of 39,020,250,000 versus a total put value of 143,250,000 Combined total value = 39,163,500,000
Strike 325 has a total call value of 46,938,750,000 versus a total put value of 60,750,000 Combined total value = 46,999,500,000
Strike 327.5 has a total call value of 55,677,000,000 versus a total put value of 27,750,000 Combined total value = 55,704,750,000
Strike 330 has a total call value of 64,719,000,000 versus a total put value of 17,250,000 Combined total value = 64,736,250,000
Strike 332.5 has a total call value of 73,761,000,000 versus a total put value of 6,750,000 Combined total value = 73,767,750,000
Strike 335 has a total call value of 82,993,500,000 versus a total put value of 4,500,000 Combined total value = 82,998,000,000
Strike 337.5 has a total call value of 92,764,500,000 versus a total put value of 2,250,000 Combined total value = 92,766,750,000
Strike 340 has a total call value of 102,632,250,000 versus a total put value of 0 Combined total value = 102,632,250,000
Strike 342.5 has a total call value of 112,844,250,000 versus a total put value of 0 Combined total value = 112,844,250,000
Strike 345 has a total call value of 123,056,250,000 versus a total put value of 0 Combined total value = 123,056,250,000
Strike 347.5 has a total call value of 133,326,000,000 versus a total put value of 0 Combined total value = 133,326,000,000
Strike 350 has a total call value of 143,595,750,000 versus a total put value of 0 Combined total value = 143,595,750,000
Strike 352.5 has a total call value of 154,103,250,000 versus a total put value of 0 Combined total value = 154,103,250,000
Strike 355 has a total call value of 164,610,750,000 versus a total put value of 0 Combined total value = 164,610,750,000
Strike 357.5 has a total call value of 175,176,000,000 versus a total put value of 0 Combined total value = 175,176,000,000
Strike 360 has a total call value of 185,741,250,000 versus a total put value of 0 Combined total value = 185,741,250,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 403.85 | 450 |
| ABB | 6921.25 | 7300 |
| ABBOTINDIA | 28655.35 | 28000 |
| ABCAPITAL | 186.21 | 200 |
| ABFRL | 282.2 | 300 |
| ACC | 2063.65 | 2260 |
| ADANIENSOL | 767.55 | 800 |
| ADANIENT | 2344.95 | 2500 |
| ADANIGREEN | 1034.35 | 1120 |
| ADANIPORTS | 1182.45 | 1240 |
| ALKEM | 5427.5 | 5500 |
| AMBUJACEM | 548.8 | 560 |
| ANGELONE | 2881.7 | 3100 |
| APLAPOLLO | 1559 | 1600 |
| APOLLOHOSP | 7251.7 | 7200 |
| APOLLOTYRE | 531.95 | 530 |
| ASHOKLEY | 217.28 | 225 |
| ASIANPAINT | 2282.35 | 2400 |
| ASTRAL | 1734.6 | 1820 |
| ATGL | 674.35 | 720 |
| ATUL | 7023.15 | 7300 |
| AUBANK | 537.6 | 570 |
| AUROPHARMA | 1241.7 | 1240 |
| AXISBANK | 1071.85 | 1120 |
| BAJAJ-AUTO | 8787.25 | 9000 |
| BAJAJFINSV | 1569.65 | 1640 |
| BAJFINANCE | 6848.25 | 7000 |
| BALKRISIND | 2790.05 | 2800 |
| BANDHANBNK | 159.05 | 170 |
| BANKBARODA | 240.59 | 250 |
| BANKINDIA | 103.03 | 110 |
| BATAINDIA | 1342.25 | 1400 |
| BEL | 290.85 | 310 |
| BERGEPAINT | 444.8 | 465 |
| BHARATFORG | 1278.9 | 1340 |
| BHARTIARTL | 1578.1 | 1600 |
| BHEL | 235.3 | 250 |
| BIOCON | 335.95 | 355 |
| BOSCHLTD | 34576.95 | 35000 |
| BPCL | 289.05 | 295 |
| BRITANNIA | 4698.1 | 4800 |
| BSE | 5542.85 | 5300 |
| BSOFT | 577 | 600 |
| CAMS | 4951 | 5100 |
| CANBK | 99.61 | 104 |
| CANFINHOME | 747.7 | 790 |
| CDSL | 1860.75 | 1860 |
| CESC | 182.74 | 190 |
| CGPOWER | 730.05 | 760 |
| CHAMBLFERT | 509.15 | 520 |
| CHOLAFIN | 1189.55 | 1260 |
| CIPLA | 1472.05 | 1480 |
| COALINDIA | 382 | 414.25 |
| COFORGE | 9370.45 | 9200 |
| COLPAL | 2750.85 | 2850 |
| CONCOR | 767.95 | 830 |
| COROMANDEL | 1839.3 | 1800 |
| CROMPTON | 388.25 | 405 |
| CUB | 175.42 | 180 |
| CUMMINSIND | 3312.9 | 3450 |
| CYIENT | 1924.4 | 2000 |
| DABUR | 502.55 | 510 |
| DALBHARAT | 1801.9 | 1880 |
| DEEPAKNTR | 2596.85 | 2700 |
| DELHIVERY | 349.6 | 365 |
| DIVISLAB | 5846.75 | 6000 |
| DIXON | 17944.9 | 18000 |
| DLF | 830.7 | 850 |
| DMART | 3408.3 | 3600 |
| DRREDDY | 1343.65 | 1300 |
| EICHERMOT | 4734.5 | 4800 |
| ESCORTS | 3162.05 | 3350 |
| EXIDEIND | 426.3 | 450 |
| FEDERALBNK | 194.46 | 205 |
| GAIL | 192.42 | 200 |
| GLENMARK | 1541.65 | 1520 |
| GMRAIRPORT | 78.82 | 85 |
| GMRINFRA | 0 | 36 |
| GNFC | 583.8 | 610 |
| GODREJCP | 1069.6 | 1120 |
| GODREJPROP | 2855.95 | 2900 |
| GRANULES | 592.4 | 580 |
| GRASIM | 2488.7 | 2620 |
| GUJGASLTD | 499.8 | 500 |
| HAL | 4190.2 | 4500 |
| HAVELLS | 1657.4 | 1720 |
| HCLTECH | 1911.35 | 1900 |
| HDFCAMC | 4262.8 | 4400 |
| HDFCBANK | 1771.5 | 1800 |
| HDFCLIFE | 623.8 | 640 |
| HEROMOTOCO | 4339.95 | 4600 |
| HFCL | 113.35 | 120 |
| HINDALCO | 622.65 | 650 |
| HINDCOPPER | 271.5 | 290 |
| HINDPETRO | 399.5 | 400 |
| HINDUNILVR | 2333.9 | 2400 |
| HUDCO | 242.11 | 245 |
| ICICIBANK | 1288.4 | 1300 |
| ICICIGI | 1902.15 | 1920 |
| ICICIPRULI | 653.9 | 670 |
| IDEA | 7.4 | 8 |
| IDFCFIRSTB | 61.68 | 65 |
| IEX | 177.45 | 182.5 |
| IGL | 388.3 | 370 |
| INDHOTEL | 854.1 | 850 |
| INDIAMART | 2249.95 | 2350 |
| INDIANB | 537.15 | 580 |
| INDIGO | 4395.6 | 4400 |
| INDUSINDBK | 929.45 | 980 |
| INDUSTOWER | 337.1 | 350 |
| INFY | 1922.15 | 1920 |
| IOC | 137.08 | 142.5 |
| IPCALAB | 1582.5 | 1560 |
| IRB | 55.09 | 57 |
| IRCTC | 784.25 | 830 |
| IRFC | 148.41 | 155 |
| ITC | 464.65 | 470 |
| JINDALSTEL | 908.05 | 940 |
| JIOFIN | 304.3 | 325 |
| JKCEMENT | 4517.8 | 4600 |
| JSL | 719.8 | 730 |
| JSWENERGY | 669.8 | 660 |
| JSWSTEEL | 917.35 | 950 |
| JUBLFOOD | 672.7 | 670 |
| KALYANKJIL | 719.2 | 740 |
| KEI | 4166.25 | 4400 |
| KOTAKBANK | 1743.55 | 1780 |
| KPITTECH | 1451.25 | 1500 |
| LALPATHLAB | 2946.25 | 3050 |
| LAURUSLABS | 559.2 | 570 |
| LICHSGFIN | 582.25 | 620 |
| LICI | 901.7 | 940 |
| LODHA | 1400.7 | 1440 |
| LT | 3629.85 | 3750 |
| LTF | 136.48 | 145 |
| LTIM | 5824.3 | 6150 |
| LTTS | 4828.5 | 5200 |
| LUPIN | 2150.7 | 2100 |
| M&M | 2906.35 | 3000 |
| M&MFIN | 266.05 | 275 |
| MANAPPURAM | 181.03 | 180 |
| MARICO | 627.95 | 630 |
| MARUTI | 10901.05 | 11100 |
| MAXHEALTH | 1165.2 | 1140 |
| MCX | 6397.4 | 6500 |
| METROPOLIS | 2058.05 | 2120 |
| MFSL | 1109.2 | 1140 |
| MGL | 1215.3 | 1260 |
| MOTHERSON | 156.06 | 165 |
| MPHASIS | 2950.6 | 3100 |
| MRF | 128057.9 | 130000 |
| MUTHOOTFIN | 2075.65 | 2060 |
| NATIONALUM | 215.36 | 232.5 |
| NAUKRI | 8494.95 | 8600 |
| NAVINFLUOR | 3305.85 | 3500 |
| NCC | 287.55 | 300 |
| NESTLEIND | 2163.5 | 2220 |
| NHPC | 81.47 | 85 |
| NMDC | 213.15 | 230 |
| NTPC | 333.25 | 350 |
| NYKAA | 167.33 | 170 |
| OBEROIRLTY | 2247.8 | 2200 |
| OFSS | 12247.55 | 12500 |
| OIL | 421.8 | 450 |
| ONGC | 237.1 | 250 |
| PAGEIND | 48856.35 | 48500 |
| PAYTM | 945.25 | 980 |
| PEL | 1093.7 | 1160 |
| PERSISTENT | 6368.7 | 6400 |
| PETRONET | 336.45 | 340 |
| PFC | 453.3 | 480 |
| PIDILITIND | 2976.8 | 3080 |
| PIIND | 3813.75 | 4000 |
| PNB | 100.77 | 105 |
| POLICYBZR | 2092.15 | 2000 |
| POLYCAB | 7178.25 | 7300 |
| POONAWALLA | 318.85 | 340 |
| POWERGRID | 315.8 | 325 |
| PRESTIGE | 1794.5 | 1800 |
| PVRINOX | 1382.1 | 1520 |
| RAMCOCEM | 986.1 | 1010 |
| RBLBANK | 152.79 | 160 |
| RECLTD | 513.25 | 530 |
| RELIANCE | 1205.3 | 1280 |
| SAIL | 116.1 | 125 |
| SBICARD | 687 | 710 |
| SBILIFE | 1400.6 | 1420 |
| SBIN | 812 | 840 |
| SHREECEM | 27063.5 | 27000 |
| SHRIRAMFIN | 2877.25 | 3000 |
| SIEMENS | 6868.9 | 7300 |
| SJVN | 111.54 | 117.5 |
| SONACOMS | 588.45 | 620 |
| SRF | 2277.6 | 2300 |
| SUNPHARMA | 1808.85 | 1800 |
| SUNTV | 696.85 | 730 |
| SUPREMEIND | 4839.8 | 4900 |
| SYNGENE | 844 | 860 |
| TATACHEM | 1028.85 | 1080 |
| TATACOMM | 1710.45 | 1800 |
| TATACONSUM | 889.45 | 930 |
| TATAELXSI | 6921.6 | 7200 |
| TATAMOTORS | 724.05 | 770 |
| TATAPOWER | 401.1 | 420 |
| TATASTEEL | 140.68 | 147.5 |
| TCS | 4170.3 | 4300 |
| TECHM | 1686.05 | 1740 |
| TIINDIA | 3619.1 | 3700 |
| TITAN | 3356.25 | 3400 |
| TORNTPHARM | 3437 | 3400 |
| TRENT | 6831.55 | 6900 |
| TVSMOTOR | 2391.65 | 2500 |
| UBL | 2025.35 | 2000 |
| ULTRACEMCO | 11422.8 | 11500 |
| UNIONBANK | 116.78 | 125 |
| UNITDSPR | 1544.8 | 1540 |
| UPL | 504.5 | 537.2 |
| VBL | 612.55 | 630 |
| VEDL | 477.25 | 490 |
| VOLTAS | 1686.5 | 1740 |
| WIPRO | 305.2 | 302.5 |
| YESBANK | 19.83 | 21 |
| ZOMATO | 282.1 | 285 |
| ZYDUSLIFE | 973.5 | 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.
