UNO Minda 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 UNOMINDA, that strike is ₹1,100. Spot at ₹1,099.9 is near max pain — the expiry magnetic pull is active.
Max Pain Level
The options market’s max‑pain strike sits at ₹1,100. This is the price at which option writers would suffer the smallest aggregate loss, acting as a magnetic point as expiry approaches.
Spot vs Max Pain Gap
The current spot of ₹1,099.9 lies just 0.01 % below the max‑pain level, indicating a negligible gap. Such a tight proximity suggests limited upward momentum is needed for the price to settle at the pain point.
Shift Signal
The max‑pain level has shifted downward by ₹20 from yesterday, reflecting a modest tilt toward lower strikes. Writers are therefore positioned for a slightly softer underlying, which may temper any bullish thrust.
Expiry Context
Max pain emerges from the aggregation of open‑interest across strikes; as the contract nears its November 23 expiry, market participants often gravitate toward the strike that minimizes writer losses. Historically, the final week frequently sees the underlying price nudging toward this level, but the effect is a tendency rather than a certainty.
Data Note
The spot price sits just ₹0.1 below the max‑pain strike with 26 days remaining until expiry.
Data as of 2026-10-28