Alkem Laboratories Limited Max Pain Analysis
What is Max Pain?
Max Pain theory states the underlying gravitates toward the strike where option writers face minimum collective loss at expiry. For ALKEM, that strike is ₹5,600. Spot at ₹5,573.5 is near max pain — the expiry magnetic pull is active.
Max Pain Level
The current max‑pain strike for Alkem Laboratories Ltd. is ₹5,600, the level where option writers would incur the least aggregate loss if the underlying settles there. This strike acts as a magnetic point that often draws price closer as expiry nears.
Spot vs Max Pain Gap
The spot price of ₹5,573.5 sits about 0.47 % below the ₹5,600 pain point, indicating a modest downward gap. Should the market pull up, the underlying would need to rise roughly ₹26.5 to align with the pain level.
Shift Signal
There is no shift in the pain level versus yesterday, implying that writers have not altered their collective positioning. Stability in the strike suggests that open interest remains concentrated around the current pain point.
Expiry Context
The max‑pain concept reflects the aggregated payoff of all outstanding call and put contracts, favoring the strike that minimizes total writer loss. While historically prices often gravitate toward this area in the final week, it remains a tendency rather than a certainty.
Data Note
With six days left
Data as of 2026-07-22