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 ₹1,140. Spot at ₹1,130 is near max pain — the expiry magnetic pull is active.
Max Pain Level
The options market’s “max pain” point for Infosys Limited lies at the ₹1140 strike. This level represents the price at which option writers collectively incur the smallest possible loss, acting as a magnetic target as expiration approaches.
Spot vs Max Pain Gap
The spot price of ₹1130 sits about 0.88 % below the max‑pain strike, indicating a modest downside gap. Should the stock pull toward ₹1140, call writers would see their positions unwind with minimal payout, while put writers would face modest expirations.
Shift Signal
The max‑pain figure shows no shift from the previous day, suggesting that option writers have largely maintained their positioning around the ₹1140 level. This steadiness implies a balanced sentiment among writers, with neither a strong push to raise nor lower the target price.
Expiry Context
Max pain emerges from the aggregation of open‑interest across all strikes, where the net loss to option writers is minimized if the underlying settles at that point. In the week leading up to expiration, prices often gravitate toward this strike, though the effect is statistical rather than deterministic—market forces can still drive the spot well away from the calculated level.
Data Note
With the spot trading at ₹1130, the distance to the max‑pain strike is ₹10, and 25 days remain until the 2026‑09‑29 expiry.
Data as of 2026-09-04