Dabur India 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 DABUR, that strike is ₹400. Spot at ₹380.9 is 4.8% below max pain — possible upward gravitational pull into expiry.
Max Pain Level
The max‑pain strike for Dabur India Limited (DABUR) is ₹400. This level represents the strike at which option writers would incur the smallest aggregate loss, so the underlying price tends to gravitate toward it as expiry approaches.
Spot vs Max Pain Gap
The market is currently trading at ₹380.9, which is about 4.78 % below the ₹400 max‑pain level. The bearish gap suggests that the spot may need upward momentum to close the distance, implying potential pull‑back pressure on the downside until the price nears the pain point.
Shift Signal
The max‑pain figure shows no shift versus yesterday’s reading, indicating a stable writer positioning around the ₹400 mark. With the second‑lowest pain at ₹395, writers have already clustered near the ₹400‑₹395 band, limiting any fresh directional bias.
Expiry Context
Max‑pain theory rests on the idea that option writers will hedge or roll positions to minimize losses, creating a magnetic pull toward the pain strike as the contract nears expiry. During the final week, it is common to see the underlying price oscillate within a tight range around the identified pain level, but this remains a probabilistic tendency rather than a deterministic outcome.
Data Note
The spot is ₹19.1 away from the max‑pain strike, with 25 days remaining until the September 29 expiry.
Data as of 2026-09-04