Samvardhana Motherson International 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 MOTHERSON, that strike is ₹158. Spot at ₹160.33 is 1.8% above max pain — possible downward gravitational pull into expiry.
Max Pain Level
The options market for Samvardhana Motherson International Ltd. shows a max‑pain strike at ₹157.5. This is the price where the total open‑interest of all outstanding call and put writers would incur the smallest aggregate loss, acting like a magnet as expiry approaches.
Spot vs Max Pain Gap
The current spot price of ₹160.33 sits ~1.8 % above the max‑pain level, indicating a modest upside gap. Such a gap suggests that buying pressure has pushed the underlying slightly beyond the point where writers are most comfortable, and a pull‑back toward ₹157.5 could be expected if market participants re‑balance.
Shift Signal
The max‑pain figure has moved downward by 2.5 points from yesterday, signaling that option writers are gradually reallocating hedges toward lower strikes. This downward shift often reflects a bearish tilt among writers, as they adjust positions to reduce exposure to further declines in the underlying.
Expiry Context
Max pain derives from the aggregate of open‑interest across all strikes; as the contract nears its 2026‑11‑23 expiry, price action frequently gravitates toward the pain point because writers may roll or unwind positions. However, the concept is statistical—not deterministic—and external catalysts can easily override the tendency, especially during the final week of trading.
Data Note
At 26 days to expiry, the spot is about ₹2.8 points above the max‑pain level of ₹157.5.
Data as of 2026-10-28