MphasiS Limited Max Pain Analysis

₹2422.00Updated 4 Sept 2026, 03:30 pm IST

Max Pain Strike

₹2450Writers’ least-loss point

Spot vs Max Pain

−1.14%Spot ₹2,422

Max Pain Shift

+₹0vs yesterday

Days to Expiry

232026-09-29

2nd Lowest Pain Strike

₹2400₹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 MPHASIS, that strike is ₹2,450. Spot at ₹2,422 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 MphasiS Limited (MPHASIS) sits at ₹2,450. Max pain is the strike where option writers collectively suffer the smallest loss, often acting as a magnetic point as expiry approaches.

Spot vs Max Pain Gap

With the spot price at ₹2,422, it trades 1.14 % below the max‑pain level, suggesting a modest pull‑back toward the ₹2,450 magnet. The gap indicates that the market may still have upward pressure as the price seeks the pain‑minimizing strike.

Shift Signal

There is no shift in the max‑pain level from yesterday, implying that option writers have not adjusted their positioning and remain centered around the ₹2,450 strike. Stability in the pain point typically reflects a balanced supply‑demand dynamic among call and put writers.

Expiry Context

As expiry draws near (25 days left), the max‑pain strike can influence trading activity, with price gravitating toward the level that reduces overall writer loss. However, this is a statistical tendency, not a deterministic outcome; market sentiment, news flow, or large orders can divert the spot away from the pain point, especially in the final week.

Data Note

The spot is ₹28 below the max‑pain strike, with 25 days remaining until the September 29 expiry.

Data as of 2026-09-04

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Frequently Asked Questions

What is MphasiS Limited max pain today?

MphasiS Limited's max pain strike is ₹2,450 for the 2026-09-29 expiry (23 days away). Spot is 1.1% below max pain.

How is max pain calculated for MphasiS Limited?

MphasiS 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 MphasiS 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 MphasiS Limited. It should be used with other signals, not in isolation.

What happened to MphasiS Limited max pain since yesterday?

MphasiS 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 MphasiS Limited options?

MphasiS Limited's next options expiry is on 2026-09-29 — 23 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.