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WIPRO
WIPRO LTD

522.85 3.75 (0.72%)


Strike  440  has a total call value of 0  versus a total put value of  57,059,250,000 Combined total value = 57,059,250,000

Strike  445  has a total call value of 0  versus a total put value of  52,209,750,000 Combined total value = 52,209,750,000

Strike  450  has a total call value of 0  versus a total put value of  47,360,250,000 Combined total value = 47,360,250,000

Strike  455  has a total call value of 0  versus a total put value of  43,063,500,000 Combined total value = 43,063,500,000

Strike  460  has a total call value of 0  versus a total put value of  38,766,750,000 Combined total value = 38,766,750,000

Strike  465  has a total call value of 0  versus a total put value of  34,650,750,000 Combined total value = 34,650,750,000

Strike  470  has a total call value of 0  versus a total put value of  30,534,750,000 Combined total value = 30,534,750,000

Strike  475  has a total call value of 0  versus a total put value of  26,829,750,000 Combined total value = 26,829,750,000

Strike  480  has a total call value of 0  versus a total put value of  23,124,750,000 Combined total value = 23,124,750,000

Strike  485  has a total call value of 0  versus a total put value of  19,866,750,000 Combined total value = 19,866,750,000

Strike  490  has a total call value of 0  versus a total put value of  16,640,250,000 Combined total value = 16,640,250,000

Strike  495  has a total call value of 0  versus a total put value of  13,675,500,000 Combined total value = 13,675,500,000

Strike  500  has a total call value of 0  versus a total put value of  10,734,750,000 Combined total value = 10,734,750,000

Strike  505  has a total call value of 433,500,000  versus a total put value of  8,571,750,000 Combined total value = 9,005,250,000

Strike  510  has a total call value of 867,000,000  versus a total put value of  6,435,750,000 Combined total value = 7,302,750,000

Strike  515  has a total call value of 1,379,250,000  versus a total put value of  4,616,250,000 Combined total value = 5,995,500,000

Strike  520  has a total call value of 1,950,750,000  versus a total put value of  2,863,500,000 Combined total value = 4,814,250,000

Strike  525  has a total call value of 3,561,000,000  versus a total put value of  1,938,000,000 Combined total value = 5,499,000,000

Strike  530  has a total call value of 5,496,000,000  versus a total put value of  1,191,000,000 Combined total value = 6,687,000,000

Strike  535  has a total call value of 8,368,500,000  versus a total put value of  732,000,000 Combined total value = 9,100,500,000

Strike  540  has a total call value of 11,464,500,000  versus a total put value of  336,000,000 Combined total value = 11,800,500,000

Strike  545  has a total call value of 16,340,250,000  versus a total put value of  168,000,000 Combined total value = 16,508,250,000

Strike  550  has a total call value of 21,346,500,000  versus a total put value of  0 Combined total value = 21,346,500,000

Strike  555  has a total call value of 27,855,000,000  versus a total put value of  0 Combined total value = 27,855,000,000

Strike  560  has a total call value of 34,415,250,000  versus a total put value of  0 Combined total value = 34,415,250,000

Strike  565  has a total call value of 41,653,500,000  versus a total put value of  0 Combined total value = 41,653,500,000

Strike  570  has a total call value of 48,949,500,000  versus a total put value of  0 Combined total value = 48,949,500,000

Strike  575  has a total call value of 56,666,250,000  versus a total put value of  0 Combined total value = 56,666,250,000

Strike  580  has a total call value of 64,434,750,000  versus a total put value of  0 Combined total value = 64,434,750,000

Strike  585  has a total call value of 72,750,750,000  versus a total put value of  0 Combined total value = 72,750,750,000

Strike  590  has a total call value of 81,066,750,000  versus a total put value of  0 Combined total value = 81,066,750,000

Strike  595  has a total call value of 89,785,500,000  versus a total put value of  0 Combined total value = 89,785,500,000

Strike  600  has a total call value of 98,504,250,000  versus a total put value of  0 Combined total value = 98,504,250,000

Strike  605  has a total call value of 108,618,000,000  versus a total put value of  0 Combined total value = 108,618,000,000

Strike  610  has a total call value of 118,740,000,000  versus a total put value of  0 Combined total value = 118,740,000,000

Strike  615  has a total call value of 128,932,500,000  versus a total put value of  0 Combined total value = 128,932,500,000

Strike  620  has a total call value of 139,131,750,000  versus a total put value of  0 Combined total value = 139,131,750,000

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.