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Maruti Suzuki India Limited

NSE: MARUTI · Lot size: 50

OverviewOption ChainOI AnalysisFII / DIIMax Pain

Maruti Suzuki India Limited Max Pain Analysis

₹13,520Updated 21 Apr 2026, 01:26 pm IST
Max Pain Strike
₹13,100
Writers' least-loss point
Spot vs Max Pain
+3.21%
Spot ₹13,520
Max Pain Shift
+₹0
vs yesterday
Days to Expiry
7
2026-04-28
2nd Lowest Pain Strike
₹13,200
₹100 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 MARUTI, that strike is ₹13,100. Spot at ₹13,520 is 3.21% above max pain — possible downward gravitational pull into expiry.

AI AnalysisGenerated daily after market close · AI-powered

Max Pain Level

The highest pain point for options sellers in Maruti Suzuki is at ₹13100, where outstanding contracts cause the least writer losses. This strike often acts as a magnet in the final days, pulling spot prices to minimize payout obligations.

Spot vs Max Pain Gap

The current spot price of ₹13520 sits 3.21% above the max pain level, creating an upward gap. This suggests a potential downward pull toward ₹13100 as expiry nears, driven by structural positioning in open options.

Shift Signal

The max pain level has not shifted from yesterday, indicating stable writer exposure around ₹13100. Persistent positioning at this strike reflects sustained short premium concentration below spot.

Expiry Bias

With 7 days to expiry, a gradual drift toward ₹13100 is expected, supported by open interest concentration. However, the magnetic effect strengthens significantly within the final 5 days, especially if spot enters the ₹13200–₹13300 range.

Trader Note

With more than 5 days left, premium decay strategies are premature—focus shifts to short premium only if spot approaches ₹13200 with tightening volatility.

Data as of 2026-04-21

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Frequently Asked Questions

What is Maruti Suzuki India Limited max pain today?▾
Maruti Suzuki India Limited's max pain strike is ₹13,100 for the 2026-04-28 expiry (7 days away). Spot is 3.2% above max pain.
How is max pain calculated for Maruti Suzuki India Limited?▾
Maruti Suzuki India 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 Maruti Suzuki India 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 Maruti Suzuki India Limited. It should be used with other signals, not in isolation.
What happened to Maruti Suzuki India Limited max pain since yesterday?▾
Maruti Suzuki India 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 Maruti Suzuki India Limited options?▾
Maruti Suzuki India Limited's next options expiry is on 2026-04-28 — 7 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.