Info Edge (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 NAUKRI, that strike is ₹1,200. Spot at ₹1,190 is near max pain — the expiry magnetic pull is active.
Max Pain Level
The options market for Info Edge (India) Limited (NAUKRI) is gravitating toward the ₹1,200 strike. Max‑pain reflects the price at which the aggregate loss of option writers is minimized, so the open‑interest profile creates a magnetic pull toward that level as expiry approaches.
Spot vs Max Pain Gap
The underlying spot price sits at ₹1,190, about 0.83 % below the ₹1,200 pain point. This modest gap suggests the market may still experience upward pressure, as buyers who are short calls could be incentivised to push the price toward the pain zone.
Shift Signal
The max‑pain level has shifted downward by ₹20 from yesterday’s reference. A downward move indicates that writers of out‑of‑the‑money calls are re‑balancing their exposure, potentially easing bullish pressure while still keeping the bulk of open interest near ₹1,200.
Expiry Context
As the November 23 expiry draws nearer (26 days out), the concentration of open interest at the ₹1,200 strike intensifies the probability that the price will gravitate toward that point. Historically, the final week of an options series often sees the underlying trending toward the max‑pain level, but this remains a statistical tendency rather than a deterministic rule.
Data Note
The spot price is currently ₹10 below the max‑pain level, with just under a month remaining until expiry.
Data as of 2026-10-28