Mazagon Dock Shipbuilders 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 MAZDOCK, that strike is ₹2,550. Spot at ₹2,475 is 2.9% below max pain — possible upward gravitational pull into expiry.
Max Pain Level
The current max‑pain strike for Mazagon Dock Shipbuilders Limited (MAZDOCK) is ₹2,550. This level represents the strike at which option writers would incur the smallest aggregate loss, acting as a magnet that often draws the underlying price toward it as expiry approaches.
Spot vs Max Pain Gap
The spot price sits at ₹2,475, about 2.94 % below the max‑pain level. The downward gap suggests a mild pull‑back pressure, but the proximity to the max‑pain point may attract buying pressure if the price begins to drift upward toward the strike.
Shift Signal
There is no shift versus yesterday’s max‑pain figure, indicating a stable positioning among option writers. The unchanged level implies that writers have not altered their exposure, keeping the magnet effect steady.
Expiry Context
Max pain is calculated from the open‑interest of all call and put options and reflects the price that minimizes total writer loss at expiry. Historically, during the final week of an options series, the underlying often gravitates toward this strike, though the outcome is not guaranteed and can be overridden by strong market forces.
Data Note
The spot price is ₹75 (≈3 %) below the max‑pain strike of ₹2,550, with 25 days remaining until the September 29 expiry.
Data as of 2026-09-04