Supreme Industries 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 SUPREMEIND, that strike is ₹3,600. Spot at ₹3,475 is 3.5% below max pain — possible upward gravitational pull into expiry.
Max Pain Level
The current max‑pain strike for Supreme Industries Limited (SUPREMEIND) is ₹3,600. This level represents the strike at which option writers collectively incur the smallest possible loss, acting as a magnet that often draws the underlying price toward it as expiry approaches.
Spot vs Max Pain Gap
The spot price sits at ₹3,475, about 3.5 % below the max‑pain level. The gap suggests a modest upside pull could occur, as market participants may try to close the distance and align the underlying with the pain point.
Shift Signal
The shift versus yesterday is neutral (0), indicating no change in the dominant strike preference. Writers appear to be maintaining their existing positions without adjusting exposure toward a new strike.
Expiry Context
Max pain is derived from the net open interest of all calls and puts; the strike with the lowest combined writer payout becomes the pain point. In the week leading up to expiry, price action often converges toward this strike, but the phenomenon is a statistical tendency—not a certainty—because external factors can dominate.
Data Note
With 25 days remaining until September 29 expiry, the spot price is ₹125 (≈3.5 %) away from the max‑pain level of ₹3,600.
Data as of 2026-09-04