Radico Khaitan 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 RADICO, that strike is ₹4,500. Spot at ₹4,494 is near max pain — the expiry magnetic pull is active.
Max Pain Level
The current max‑pain strike for RADICO is ₹4,500. This level represents the point at which the aggregate loss of option writers—both call and put sellers—is minimized, so the market often drifts toward it as expiry approaches.
Spot vs Max Pain Gap
The spot price sits at ₹4,494, just 0.13 % below the max‑pain strike. The narrow gap suggests a mild pull‑back pressure that could ease if the underlying moves upward toward the ₹4,500 magnet.
Shift Signal
The max‑pain figure shows no shift from the previous day, indicating a stable positioning of option writers. A flat shift implies that open interest remains evenly distributed around the ₹4,500 level, with no strong bias from either side.
Expiry Context
With 25 days left until the September 29 expiry, the max‑pain mechanism tends to attract the underlying price toward the strike where the majority of open contracts expire worthless. Historically, expiry‑week activity intensifies, and the price often oscillates within a tight band around the pain point, though this is a statistical tendency, not a certainty.
Data Note
The spot is ₹6 points below the max‑pain strike, and roughly three‑and‑a‑half weeks remain until expiry.
Data as of 2026-09-04