SAGILITY 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 SAGILITY, that strike is ₹46. Spot at ₹46.82 is 1.78% above max pain — possible downward gravitational pull into expiry.
Max Pain Level
The options market’s “max pain” point for SAGILITY LIMITED sits at the ₹46 strike. This is the price at which option writers would incur the smallest aggregate loss, acting as a magnetic anchor as expiry approaches.
Spot vs Max Pain Gap
The current spot of ₹46.82 sits about 0.82 ₹ above the max‑pain level, indicating the market is trading a modest premium to the theoretical loss‑minimising point. A pull‑back toward ₹46 could be expected if the magnet effect dominates.
Shift Signal
There is no shift in the max‑pain level versus yesterday, suggesting that writers have not adjusted their positioning and remain clustered around the ₹46 strike. The static level reinforces the existing concentration of open interest.
Expiry Context
Max pain is derived from the net open‑interest of calls and puts; as expiry nears, price tends to gravitate toward the strike that leaves the smallest cumulative payout to writers. In the week of expiry, price action often narrows, but the outcome is not guaranteed—market forces, news, or liquidity can override the tendency.
Data Note
The spot is 1.78 % above the max‑pain level, with 25 days remaining until the September 29 expiry.
Data as of 2026-09-04