JINDAL STEEL LIMITED

NSE: JINDALSTEL · Metals & Mining · Lot size: 625

OverviewOption ChainOI AnalysisFII / DIIMax Pain

JINDAL STEEL LIMITED Max Pain Analysis

₹1,048Updated 22 Jul 2026, 03:30 pm IST
Max Pain Strike
₹1,060
Writers' least-loss point
Spot vs Max Pain
-1.13%
Spot ₹1,048
Max Pain Shift
+₹0
vs yesterday
Days to Expiry
6
2026-07-28
2nd Lowest Pain Strike
₹1,070
₹10 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 JINDALSTEL, that strike is ₹1,060. Spot at ₹1,048 is 1.1% below max pain — possible upward gravitational pull into expiry.

AI AnalysisGenerated daily after market close · AI-powered

Max Pain Level

The current max‑pain strike for Jindal Steel Limited is ₹1,060. This level represents the price at which option writers collectively incur the smallest possible loss, acting as a magnet as expiry approaches.

Spot vs Max Pain Gap

The spot price of ₹1,048 sits about 1.13 % below the max‑pain level, indicating a modest pull‑back toward the strike. If the underlying continues to drift upward, it could close the gap and reinforce the magnetic pull.

Shift Signal

There is no shift in the max‑pain level compared with yesterday, suggesting that option writers have maintained their positioning around the ₹1,060 strike. Stability in the pain point often reflects a balanced open interest on both sides of the market.

Expiry Context

Max pain is derived from the aggregate of open call and put positions and tends to manifest as a convergence point in the final week of trading. While the phenomenon is a recurring tendency, it does not guarantee that the spot will settle precisely at the pain strike on expiry.

Data Note

The spot price trails the max‑pain strike by ₹12 with six trading days remaining until the July 28 expiry.

Data as of 2026-07-22

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Frequently Asked Questions

What is JINDAL STEEL LIMITED max pain today?▾
JINDAL STEEL LIMITED's max pain strike is ₹1,060 for the 2026-07-28 expiry (6 days away). Spot is 1.1% below max pain.
How is max pain calculated for JINDAL STEEL LIMITED?▾
JINDAL STEEL 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 JINDAL STEEL 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 JINDAL STEEL LIMITED. It should be used with other signals, not in isolation.
What happened to JINDAL STEEL LIMITED max pain since yesterday?▾
JINDAL STEEL 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 JINDAL STEEL LIMITED options?▾
JINDAL STEEL 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.