Crompton Greaves Consumer Electricals 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 CROMPTON, that strike is ₹240. Spot at ₹232.4 is 3.2% below max pain — possible upward gravitational pull into expiry.
Max Pain Level
The current max‑pain strike for Crompton Greaves Consumer Electricals Limited (CROMPTON) is ₹240. Max pain represents the strike at which option writers collectively incur the smallest loss, acting as a magnetic point that often draws the underlying price toward it as expiry approaches.
Spot vs Max Pain Gap
The market is trading at ₹232.4, leaving a ₹7.6 (≈3.17 %) gap below the max‑pain level. This deficit suggests upward pressure may develop, as the underlying price would need to climb to close the gap and align with the pain point.
Shift Signal
The max‑pain figure shows no shift versus yesterday, indicating a steady market consensus on the ₹240 strike. With writers already positioned around this level, there is limited incentive for them to adjust hedges, reinforcing the current magnet effect.
Expiry Context
As expiry on 29 Sep 2026 draws nearer (25 days out), option writers will typically roll or unwind positions, subtly nudging the underlying toward the pain strike. Historically, during the final week of expiry, the price often gravitates toward the max‑pain level, though this is a statistical tendency rather than a deterministic outcome. Consequently, price movements may intensify, but the ultimate settlement can still diverge from the pain point.
Data Note
The spot price sits ₹7.6 below the max‑pain strike with 25 days remaining until expiration.
Data as of 2026-09-04