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The Indian Hotels Company Limited

NSE: INDHOTEL · Lot size: 1000

OverviewOption ChainOI AnalysisFII / DIIMax Pain

The Indian Hotels Company Limited Max Pain Analysis

₹664.95Updated 21 Apr 2026, 01:26 pm IST
Max Pain Strike
₹630
Writers' least-loss point
Spot vs Max Pain
+5.55%
Spot ₹664.95
Max Pain Shift
+₹0
vs yesterday
Days to Expiry
7
2026-04-28
2nd Lowest Pain Strike
₹635
₹5 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 INDHOTEL, that strike is ₹630. Spot at ₹664.95 is 5.55% above max pain — possible downward gravitational pull into expiry.

AI AnalysisGenerated daily after market close · AI-powered

Max Pain Level

The max pain strike for INDHOTEL is ₹630, where option sellers experience the least total loss at expiry. This price often acts as a magnet in the final days as writer positioning influences market movement.

Spot vs Max Pain Gap

The spot price at ₹664.95 is 5.55% above the ₹630 max pain level, indicating a notable premium. This gap suggests a potential downward pull toward the pain point, especially as expiry approaches.

Shift Signal

The max pain level has remained unchanged from yesterday, signaling stable writer positioning. Balanced open interest around ₹630 and the next closest pain at ₹635 confirms entrenched resistance near current levels.

Expiry Bias

A gradual drift toward ₹630 is expected in the coming sessions, supported by concentrated short calls and puts below spot. However, directional strength increases only within the final five days, when premium decay accelerates.

Trader Note

With 7 days to expiry, premium decay strategies may be premature—wait for tighter proximity before short premium entries.

Data as of 2026-04-21

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Frequently Asked Questions

What is The Indian Hotels Company Limited max pain today?▾
The Indian Hotels Company Limited's max pain strike is ₹630 for the 2026-04-28 expiry (7 days away). Spot is 5.5% above max pain.
How is max pain calculated for The Indian Hotels Company Limited?▾
The Indian Hotels Company 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 The Indian Hotels Company 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 The Indian Hotels Company Limited. It should be used with other signals, not in isolation.
What happened to The Indian Hotels Company Limited max pain since yesterday?▾
The Indian Hotels Company 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 The Indian Hotels Company Limited options?▾
The Indian Hotels Company 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.