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Prestige Estates Projects Limited

NSE: PRESTIGE · Lot size: 450

OverviewOption ChainOI AnalysisFII / DIIMax Pain

Prestige Estates Projects Limited Max Pain Analysis

₹1,418.4Updated 21 Apr 2026, 01:26 pm IST
Max Pain Strike
₹1,320
Writers' least-loss point
Spot vs Max Pain
+7.45%
Spot ₹1,418.4
Max Pain Shift
+₹0
vs yesterday
Days to Expiry
7
2026-04-28
2nd Lowest Pain Strike
₹1,300
₹20 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 PRESTIGE, that strike is ₹1,320. Spot at ₹1,418.4 is 7.45% above max pain — possible downward gravitational pull into expiry.

AI AnalysisGenerated daily after market close · AI-powered

Max Pain Level

The strike with maximum pain for PRESTIGE is ₹1320, where option writers face the least net liability. This level acts as a magnetic pull near expiry, as writers aim to minimize assignment losses on short positions.

Spot vs Max Pain Gap

The spot price at ₹1418.4 sits 7.45% above the ₹1320 max pain, indicating a notable premium to the point of least writer loss. This gap suggests a potential downward drift as price may gravitate toward the pain level before expiry.

Shift Signal

Max pain remains flat versus yesterday, showing no meaningful change in strike-level liability distribution. Stable pain reflects anchored writer positioning, with limited adjustments in short premium concentration.

Expiry Bias

A downward drift bias emerges due to spot trading well above the maximum pain zone. The pull strengthens as expiry nears, with greater influence expected within the final five trading days.

Trader Note

With 7 days to expiry, focus on premium decay strategies only if daysToExpiry drops to 5 or fewer, aligning with strengthening pain magnetism.

Data as of 2026-04-21

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Frequently Asked Questions

What is Prestige Estates Projects Limited max pain today?▾
Prestige Estates Projects Limited's max pain strike is ₹1,320 for the 2026-04-28 expiry (7 days away). Spot is 7.5% above max pain.
How is max pain calculated for Prestige Estates Projects Limited?▾
Prestige Estates Projects 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 Prestige Estates Projects 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 Prestige Estates Projects Limited. It should be used with other signals, not in isolation.
What happened to Prestige Estates Projects Limited max pain since yesterday?▾
Prestige Estates Projects 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 Prestige Estates Projects Limited options?▾
Prestige Estates Projects 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.