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

PG Electroplast Limited

NSE: PGEL · Lot size: 950

OverviewOption ChainOI AnalysisFII / DIIMax Pain

PG Electroplast Limited Max Pain Analysis

₹560Updated 21 Apr 2026, 01:26 pm IST
Max Pain Strike
₹520
Writers' least-loss point
Spot vs Max Pain
+7.69%
Spot ₹560
Max Pain Shift
+₹0
vs yesterday
Days to Expiry
7
2026-04-28
2nd Lowest Pain Strike
₹510
₹10 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 PGEL, that strike is ₹520. Spot at ₹560 is 7.69% above max pain — possible downward gravitational pull into expiry.

AI AnalysisGenerated daily after market close · AI-powered

Max Pain Level

The max pain strike for PG Electroplast Limited (PGEL) is ₹520, where option writer losses are minimized at expiry. This level often acts as a magnet for the spot price in the final days as writers defend positions.

Spot vs Max Pain Gap

Spot trades at ₹560, 7.69% above the ₹520 max pain, creating a downward pull pressure. The larger gap suggests potential for price drift toward the pain level before expiry.

Shift Signal

The max pain is unchanged from yesterday, indicating stable writer positioning around ₹520. Persistent alignment reinforces resistance near current spot levels.

Expiry Bias

A downward drift bias exists toward ₹520, supported by writer exposure concentration. The pull strengthens as expiry nears, especially within the final five days when gamma effects amplify.

Trader Note

With 7 days to expiry, premium decay strategies are premature; wait until ≤5 days remain for optimal short gamma setups.

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 PG Electroplast Limited max pain today?▾
PG Electroplast Limited's max pain strike is ₹520 for the 2026-04-28 expiry (7 days away). Spot is 7.7% above max pain.
How is max pain calculated for PG Electroplast Limited?▾
PG Electroplast 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 PG Electroplast 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 PG Electroplast Limited. It should be used with other signals, not in isolation.
What happened to PG Electroplast Limited max pain since yesterday?▾
PG Electroplast 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 PG Electroplast Limited options?▾
PG Electroplast 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.