Bank of Baroda Max Pain Analysis

₹239.00Updated 4 Sept 2026, 03:30 pm IST

Max Pain Strike

₹245Writers’ least-loss point

Spot vs Max Pain

−2.45%Spot ₹239

Max Pain Shift

+₹0vs yesterday

Days to Expiry

232026-09-29

2nd Lowest Pain Strike

₹250₹5 from max pain

What is Max Pain?

Max Pain theory states the underlying gravitates toward the strike where option writers face minimum collective loss at expiry. For BANKBARODA, that strike is ₹245. Spot at ₹239 is 2.5% below max pain — possible upward gravitational pull into expiry.

AI AnalysisGenerated daily after market close · AI-powered

Max Pain Level

The current max‑pain strike for Bank of Baroda (BANKBARODA) is ₹245. This is the price at which option writers collectively experience the smallest loss, so the underlying often drifts toward this level as expiry approaches.

Spot vs Max Pain Gap

The spot price of ₹239 sits about 2.45 % below the max‑pain strike, indicating a modest upside bias for the share. If market participants perceive the gap as an opportunity, the price may be pulled upward toward ₹245, though a breach is not assured.

Shift Signal

There is no shift in the max‑pain level versus yesterday, implying that option writers have not altered their positioning dramatically. Stability in the pain point suggests that the majority of open interest remains concentrated around the ₹245 strike, reinforcing the magnet effect.

Expiry Context

Max‑pain theory holds that as the September 29 expiry nears, the stock will tend to close near the strike with the greatest open‑interest weight, because that outcome minimizes payouts for option writers. Historically, the final week often sees heightened gamma‑related trading, with the price oscillating around the pain point before settling, but the phenomenon is a statistical tendency, not a deterministic outcome.

Data Note

The spot is ₹6 below the max‑pain level, with 25 days remaining until expiry.

Data as of 2026-09-04

Same Sector

360ONE360 ONE WAM LIMITED ABCAPITALAditya Birla Capital LimitedNeutral ANGELONEAngel One LimitedNeutral AUBANKAU Small Finance Bank LimitedNeutral AXISBANKAxis Bank LimitedNeutral

Frequently Asked Questions

What is Bank of Baroda max pain today?

Bank of Baroda's max pain strike is ₹245 for the 2026-09-29 expiry (23 days away). Spot is 2.5% below max pain.

How is max pain calculated for Bank of Baroda?

Bank of Baroda's max pain is calculated by taking every possible expiry price and computing the total ITM payout to all option buyers: sum of (CE OI × max(0, spot − strike)) + (PE OI × max(0, strike − spot)) for all strikes. The strike with the minimum total payout is the max pain — where option writers collectively lose the least.

Does max pain predict Bank of Baroda expiry price?

Max pain theory suggests the underlying tends to gravitate toward the max pain strike as expiry approaches, because option writers (who have the capital and hedging ability) can influence spot price. It's more reliable within 1 week of expiry and for liquid stocks like Bank of Baroda. It should be used with other signals, not in isolation.

What happened to Bank of Baroda max pain since yesterday?

Bank of Baroda's max pain is unchanged from the previous session. Max pain shifts indicate that option writers are adjusting their positions — a rising max pain is modestly bullish; falling is modestly bearish.

What is the next expiry for Bank of Baroda options?

Bank of Baroda's next options expiry is on 2026-09-29 — 23 days away. NSE F&O stocks have monthly expiry on the last Tuesday of each month. As expiry approaches, gamma risk increases and max pain becomes a stronger gravitational force.