Infosys 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 INFY, that strike is ₹1,300. Spot at ₹1,313.5 is 1.04% above max pain — possible downward gravitational pull into expiry.
Max Pain Level
The highest options pain for Infosys occurs at the ₹1300 strike, where option writers face the least liability. This acts as a gravitational pull, especially as expiry nears, since writer positions aim to minimize losses.
Spot vs Max Pain Gap
The current spot price at ₹1313.5 sits 1.04% above the max pain point, creating upward pressure relative to ₹1300. This gap suggests a moderate pull toward alignment, though not extreme.
Shift Signal
The max pain level is unchanged from yesterday, indicating stable writer positioning around ₹1300. Lack of shift suggests short-term defensive structure isn't rebalancing aggressively.
Expiry Bias
With expiry in 7 days, a gradual downward drift toward ₹1300 is expected due to open interest concentration. This tendency strengthens sharply within 5 days as time decay accelerates and positioning tightens.
Trader Note
Consider premium decay strategies only if daysToExpiry ≤ 5, leveraging theta compression near the ₹1300 anchor.
Data as of 2026-04-21