<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=35476375865279447&ev=PageView&noscript=1"/>

Petronet LNG Limited

NSE: PETRONET · Lot size: 1900

OverviewOption ChainOI AnalysisFII / DIIMax Pain

Petronet LNG Limited Max Pain Analysis

₹275.32Updated 21 Apr 2026, 01:26 pm IST
Max Pain Strike
₹260
Writers' least-loss point
Spot vs Max Pain
+5.89%
Spot ₹275.32
Max Pain Shift
+₹0
vs yesterday
Days to Expiry
7
2026-04-28
2nd Lowest Pain Strike
₹263
₹3 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 PETRONET, that strike is ₹260. Spot at ₹275.32 is 5.89% 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 option writers in Petronet LNG Limited is at the ₹260 strike. This level minimizes their losses at expiry, acting as a magnet for the spot price in the final days.

Spot vs Max Pain Gap

The current spot at ₹275.32 sits 5.89% above the ₹260 max pain, creating downward pressure. This gap suggests a pull toward lower strikes as expiry approaches.

Shift Signal

The max pain level is unchanged from yesterday, indicating stable writer positioning. Minimal shift reflects balanced premium distribution across strikes near expiry.

Expiry Bias

With 7 days left, price drift toward ₹260 is expected, especially as gamma and delta effects intensify. The pull strengthens notably within the last 5 days of expiry.

Trader Note

With more than 5 days to expiry, premium decay strategies are premature—wait for tighter time frames before targeting long theta.

Data as of 2026-04-21

Related Analysis

Same Sector

ABB
ABB India Limited
Neutral
ABCAPITAL
Aditya Birla Capital Limited
Neutral
ADANIENSOL
Adani Energy Solutions Limited
Neutral
ADANIENT
Adani Enterprises Limited
Neutral
ADANIGREEN
Adani Green Energy Limited
Neutral

Frequently Asked Questions

What is Petronet LNG Limited max pain today?▾
Petronet LNG Limited's max pain strike is ₹260 for the 2026-04-28 expiry (7 days away). Spot is 5.9% above max pain.
How is max pain calculated for Petronet LNG Limited?▾
Petronet LNG 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 Petronet LNG 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 Petronet LNG Limited. It should be used with other signals, not in isolation.
What happened to Petronet LNG Limited max pain since yesterday?▾
Petronet LNG 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 Petronet LNG Limited options?▾
Petronet LNG 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.