Marico 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 MARICO, that strike is ₹830. Spot at ₹815.15 is 1.8% below max pain — possible upward gravitational pull into expiry.
Max Pain Level
The current max‑pain strike for Marico Limited (MARICO) is ₹830. This level represents the strike at which option writers would incur the smallest combined loss, so the underlying price often gravitates toward it as expiry approaches.
Spot vs Max Pain Gap
The market is trading at ₹815.15, about 1.79 % below the max‑pain point. The negative gap suggests upward pressure could develop if the price is pulled toward the ₹830 magnet.
Shift Signal
The max‑pain strike has moved down 10 points from yesterday, indicating that option writers are now more heavily positioned on lower strikes. This downward shift hints at a bias toward a softer rally or a flat‑to‑bearish stance from writers.
Expiry Context
Max pain is calculated by summing the potential losses of all open call and put writers; the strike with the lowest total loss is the “pain point.” In the final week before expiry, the underlying often drifts toward this strike, but the effect is probabilistic, not deterministic.
Data Note
With 25 days remaining until the September 29 expiry, the spot price sits ₹14.85 beneath the max‑pain level.
Data as of 2026-09-04