Dixon Technologies (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 DIXON, that strike is ₹14,250. Spot at ₹14,240 is near max pain — the expiry magnetic pull is active.
Max Pain Level
The current max‑pain strike for Dixon Technologies (India) Limited (DIXON) is ₹14,250. Max pain represents the strike at which option writers (the sellers of calls and puts) incur the smallest aggregate loss, so the price tends to be pulled toward that level as expiry approaches.
Spot vs Max Pain Gap
The spot price of ₹14,240 sits just ₹10 below the max‑pain strike, a negligible 0.07 % gap. Such a tight proximity suggests limited upward pressure from the spot side, while the market may still experience modest pull‑back pressure toward the pain level.
Shift Signal
The max‑pain level has shifted downward by ₹250 from the previous day. A downward shift signals that option writers have re‑positioned their net exposure lower, potentially indicating a collective expectation of a softer price range in the near term.
Expiry Context
Max pain is derived from the total open interest in out‑of‑the‑money calls and puts; the strike that leaves the greatest amount of premium unexercised minimizes writers’ losses. In the final week before expiry, prices often gravitate toward this strike, but the effect is probabilistic—not deterministic—and can be overridden by strong market news or liquidity flows.
Data Note
With 25 days remaining until the September 29 expiry, the spot price is only ₹10 (≈0.07 %) away from the current max‑pain level.
Data as of 2026-09-04