Angel One 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 ANGELONE, that strike is ₹295. Spot at ₹299.8 is 1.63% above max pain — possible downward gravitational pull into expiry.
Max Pain Level
The current max‑pain strike for Angel One Limited (ANGELONE) is ₹295. This level represents the strike at which option writers would incur the smallest aggregate loss, so the price often gravitates toward it as expiration approaches.
Spot vs Max Pain Gap
The spot price sits at ₹299.8, about ₹4.8 above the max‑pain level, indicating a modest bullish bias. As the market narrows the gap, the spot may be pulled downward toward the ₹295 magnet.
Shift Signal
The max‑pain figure has shifted up +5 points from yesterday, suggesting that option writers have recently adjusted their positioning higher, perhaps anticipating a slightly higher settlement price.
Expiry Context
Max pain is derived from the net open interest in calls and puts; the strike that leaves the greatest number of written options out‑of‑the‑money minimizes writers’ payouts. In the week leading to expiry, spot prices commonly drift toward this strike, though the effect is probabilistic, not deterministic.
Data Note
With 25 days remaining until the 2026‑09‑29 expiry, the spot is ≈1.63 % above the current max‑pain level of ₹295.
Data as of 2026-09-04