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Godfrey Phillips India Limited

NSE: GODFRYPHLP · Lot size: 275

OverviewOption ChainOI AnalysisFII / DIIMax Pain

Godfrey Phillips India Limited Max Pain Analysis

₹2,114.6Updated 21 Apr 2026, 01:26 pm IST
Max Pain Strike
₹2,100
Writers' least-loss point
Spot vs Max Pain
+0.7%
Spot ₹2,114.6
Max Pain Shift
+₹0
vs yesterday
Days to Expiry
7
2026-04-28
2nd Lowest Pain Strike
₹2,120
₹20 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 GODFRYPHLP, that strike is ₹2,100. Spot at ₹2,114.6 is near max pain — the expiry magnetic pull is active.

AI AnalysisGenerated daily after market close · AI-powered

Max Pain Level

The max pain for Godfrey Phillips India Limited is ₹2100, the strike where option sellers incur the least total loss at expiry. This level often acts as a magnet for the spot price in the final days as writer positions influence market dynamics.

Spot vs Max Pain Gap

Spot trades at ₹2114.6, a +0.7% premium above the ₹2100 max pain. This slight gap suggests a modest pull toward ₹2100, especially if open interest remains skewed around lower strikes.

Shift Signal

Max pain is unchanged from yesterday, indicating stable writer positioning across strikes. Lack of shift reflects balanced adjustments, with no aggressive buildup suggesting a directional bias.

Expiry Bias

The market exhibits a mild drift bias toward ₹2100, supported by elevated short premiums at that strike. However, the pull strengthens only if spot enters the 5-day window with sustained volume near pain zones.

Trader Note

With 7 days to expiry, premium decay strategies are premature; consider them only if daysToExpiry ≤ 5 and spot gravitates toward ₹2100 or ₹2120.

Data as of 2026-04-21

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Frequently Asked Questions

What is Godfrey Phillips India Limited max pain today?▾
Godfrey Phillips India Limited's max pain strike is ₹2,100 for the 2026-04-28 expiry (7 days away). Spot is 0.7% above max pain.
How is max pain calculated for Godfrey Phillips India Limited?▾
Godfrey Phillips India Limited'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 Godfrey Phillips India Limited 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 Godfrey Phillips India Limited. It should be used with other signals, not in isolation.
What happened to Godfrey Phillips India Limited max pain since yesterday?▾
Godfrey Phillips India Limited'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 Godfrey Phillips India Limited options?▾
Godfrey Phillips India Limited's next options expiry is on 2026-04-28 — 7 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.