InterGlobe Aviation Limited Max Pain Analysis
₹5,115Updated 22 Jul 2026, 03:30 pm IST
Max Pain Strike
₹5,200
Writers' least-loss point
Spot vs Max Pain
-1.63%
Spot ₹5,115
Max Pain Shift
₹-50
vs yesterday
Days to Expiry
6
2026-07-28
2nd Lowest Pain Strike
₹5,250
₹50 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 INDIGO, that strike is ₹5,200. Spot at ₹5,115 is 1.6% below max pain — possible upward gravitational pull into expiry.
Data as of 2026-07-22
Related Analysis
Frequently Asked Questions
What is InterGlobe Aviation Limited max pain today?▾
InterGlobe Aviation Limited's max pain strike is ₹5,200 for the 2026-07-28 expiry (6 days away). Spot is 1.6% below max pain.
How is max pain calculated for InterGlobe Aviation Limited?▾
InterGlobe Aviation 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 InterGlobe Aviation 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 InterGlobe Aviation Limited. It should be used with other signals, not in isolation.
What happened to InterGlobe Aviation Limited max pain since yesterday?▾
InterGlobe Aviation Limited's max pain shifted down by ₹50 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 InterGlobe Aviation Limited options?▾
InterGlobe Aviation Limited's next options expiry is on 2026-07-28 — 6 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.