How is Max Pain Calculated?

Max Pain is calculated by determining the total dollar value of in-the-money options at each strike price. For each strike price: Calculate the difference between the current stock price and the strike price. Multiply this difference by the open interest (number of contracts) at that strike for both call and put options. Sum the values: Add together the dollar value for put options and call options at each strike price. Repeat for all strikes: Perform this calculation for every available strike price in the option chain. Identify the maximum: The strike price with the highest combined dollar value is the Max Pain price. This calculation helps identify the price level where option writers would face the maximum financial loss if the stock closes at that price on expiration day.

How Can Traders Use Max Pain in Their Strategy?

Traders can incorporate Max Pain analysis into their trading strategy in several ways: Expiration Day Trading: As option expiration approaches, traders can use Max Pain as a potential support or resistance level, as market makers may attempt to push the price toward this level. Option Selection: Understanding Max Pain helps traders choose strike prices that are less likely to be manipulated, potentially improving their option trade outcomes. Risk Management: If a stock is trading far from Max Pain before expiration, traders can anticipate potential price movement toward this level and adjust their positions accordingly. Market Sentiment Indicator: Comparing the current stock price to Max Pain can provide insights into market sentiment and potential price direction near expiration. Hedging Strategy: Option writers can use Max Pain to identify strike prices where they might face the least payout risk, helping them structure more efficient hedging strategies.

What Does Max Pain Indicate About Stock Price Movement?

Max Pain provides insights into potential stock price behavior, especially near option expiration: Price Magnet Effect: If the stock price is significantly above or below Max Pain before expiration, there may be a tendency for the price to move toward Max Pain as expiration approaches, as option writers hedge their positions. Support/Resistance Level: Max Pain can act as a psychological and technical support or resistance level, especially on expiration day, as it represents the price where maximum option value would be lost. Volatility Indicator: A large gap between current price and Max Pain may indicate higher potential volatility or price movement as expiration nears. Market Maker Activity: Significant open interest concentration around Max Pain suggests where market makers might have the most incentive to influence price movement through their hedging activities. Note: Max Pain is a theoretical concept and should be used in conjunction with other technical and fundamental analysis tools, as it does not guarantee price movement.

How Often Does Max Pain Change?

Max Pain is a dynamic value that changes continuously based on several factors: Open Interest Changes: As traders open and close option positions, the open interest at different strike prices changes, which directly affects the Max Pain calculation. Stock Price Movement: As the underlying stock price moves, different strike prices become in-the-money or out-of-the-money, altering the dollar value calculations. Time Decay: As expiration approaches, the time value of options decreases, but the intrinsic value calculations for Max Pain continue to evolve with price movements. New Option Contracts: When new strike prices are added or when significant new positions are opened, Max Pain may shift to reflect the new distribution of open interest. For accurate Max Pain analysis, traders should monitor it regularly, especially in the days leading up to expiration, as it can shift significantly as market conditions and option positions change.

What's the Difference Between Max Pain and Spot Price?

Max Pain and Spot Price are two distinct concepts that serve different purposes in options trading: Spot Price (Current Market Price): This is the current trading price of the underlying stock or index in the market. It represents the real-time value at which the asset can be bought or sold immediately. Max Pain Price: This is a calculated theoretical price level based on option open interest data. It represents the strike price where option writers would face minimum payout obligations, not necessarily where the stock is currently trading. The relationship between these two prices is crucial: when the spot price is far from Max Pain, traders may anticipate potential price movement toward Max Pain as expiration approaches. However, this is not guaranteed, and many other factors influence stock price movement.

Is Max Pain Always Accurate for Predicting Stock Price?

No, Max Pain is not always accurate and should not be used as the sole indicator for predicting stock price movement. Here's why: Market Forces: Strong fundamental news, earnings reports, or significant market events can override the Max Pain effect and drive prices in unexpected directions. Institutional Activity: Large institutional trades, algorithmic trading, and other market participants may have different objectives than minimizing option payouts. Limited Influence: While market makers may attempt to influence price toward Max Pain, their ability to do so is limited, especially in highly liquid stocks with strong directional momentum. Multiple Expirations: Stocks often have options expiring on different dates (weekly, monthly), which means multiple Max Pain levels may exist simultaneously, reducing the predictive power of any single level. Statistical Tool: Max Pain is best viewed as a statistical tool that provides context about option market dynamics rather than a guaranteed price target. Traders should use Max Pain as one of many tools in their analysis, combining it with technical analysis, fundamental analysis, and market sentiment indicators for more comprehensive decision-making.

When is Max Pain Most Relevant for Options Trading?

Max Pain becomes increasingly relevant as option expiration approaches: Last Trading Week: Max Pain analysis is most useful during the final week before expiration, when option writers are actively hedging and the "pinning effect" (price movement toward Max Pain) is most likely to occur. Expiration Day: On the day of expiration, Max Pain can serve as a key reference level, as market makers may attempt to keep the stock price near this level to minimize their payout obligations. High Open Interest: Max Pain is more reliable when there is significant open interest concentrated around specific strike prices, as this indicates where option writers have the most exposure. Low Volatility Periods: During periods of low market volatility, Max Pain may have a stronger influence, as there are fewer competing forces driving price movement. Monthly Expirations: Monthly option expirations (typically the third Friday) often show stronger Max Pain effects compared to weekly expirations, due to higher open interest and more significant market maker involvement. While Max Pain can be calculated at any time, its predictive value and practical application increase significantly as expiration approaches, making it particularly useful for short-term trading strategies focused on expiration week dynamics.

GODREJPROP

Q: What is Max Pain in Options Trading?

Max Pain, also known as the max pain price, is the strike price at which the maximum number of option contracts (both puts and calls) would expire worthless, causing the largest financial losses for option holders at expiration. This price point represents the level where option writers would experience the least payout obligation. The max pain theory suggests that as expiration approaches, market makers and option writers may attempt to influence the stock price toward this level to minimize their payout obligations, making it a significant reference point for traders analyzing option expiration dynamics.

Godrej Properties Ltd

2033.9 +34.10 (1.71%)

L: 1998.8 H: 2036

Max Pain - GODREJPROP

19 Dec 2025 02:27 PM IST

Live

Expiry

Max Pain for GODREJPROP is 2060

Historical data for GODREJPROP-2060-CE

LTP (2060 CE)

24.05 6.8

Open Interest

452 -8

Historical data for GODREJPROP-2060-PE

LTP (2060 PE)

43.35 -27.2

Open Interest

204 1

Strike 1640 has a total call value of 0 versus a total put value of 70,966,500,000 Combined total value = 70,966,500,000

Strike 1660 has a total call value of 1,650,000 versus a total put value of 67,176,450,000 Combined total value = 67,178,100,000

Strike 1680 has a total call value of 3,300,000 versus a total put value of 63,386,400,000 Combined total value = 63,389,700,000

Strike 1700 has a total call value of 4,950,000 versus a total put value of 59,596,350,000 Combined total value = 59,601,300,000

Strike 1720 has a total call value of 6,600,000 versus a total put value of 55,807,400,000 Combined total value = 55,814,000,000

Strike 1740 has a total call value of 8,250,000 versus a total put value of 52,018,450,000 Combined total value = 52,026,700,000

Strike 1760 has a total call value of 9,900,000 versus a total put value of 48,230,600,000 Combined total value = 48,240,500,000

Strike 1780 has a total call value of 11,550,000 versus a total put value of 44,471,350,000 Combined total value = 44,482,900,000

Strike 1800 has a total call value of 13,200,000 versus a total put value of 40,714,850,000 Combined total value = 40,728,050,000

Strike 1820 has a total call value of 20,350,000 versus a total put value of 37,212,450,000 Combined total value = 37,232,800,000

Strike 1840 has a total call value of 27,500,000 versus a total put value of 33,728,200,000 Combined total value = 33,755,700,000

Strike 1860 has a total call value of 34,650,000 versus a total put value of 30,337,450,000 Combined total value = 30,372,100,000

Strike 1880 has a total call value of 41,800,000 versus a total put value of 27,037,450,000 Combined total value = 27,079,250,000

Strike 1900 has a total call value of 51,150,000 versus a total put value of 23,942,050,000 Combined total value = 23,993,200,000

Strike 1920 has a total call value of 323,950,000 versus a total put value of 21,153,000,000 Combined total value = 21,476,950,000

Strike 1940 has a total call value of 600,600,000 versus a total put value of 18,543,250,000 Combined total value = 19,143,850,000

Strike 1960 has a total call value of 892,650,000 versus a total put value of 16,164,500,000 Combined total value = 17,057,150,000

Strike 1980 has a total call value of 1,232,000,000 versus a total put value of 13,902,350,000 Combined total value = 15,134,350,000

Strike 2000 has a total call value of 1,656,050,000 versus a total put value of 11,749,650,000 Combined total value = 13,405,700,000

Strike 2020 has a total call value of 2,283,050,000 versus a total put value of 9,953,900,000 Combined total value = 12,236,950,000

Strike 2040 has a total call value of 3,094,850,000 versus a total put value of 8,299,500,000 Combined total value = 11,394,350,000

Strike 2060 has a total call value of 4,177,800,000 versus a total put value of 6,925,050,000 Combined total value = 11,102,850,000

Strike 2080 has a total call value of 5,509,350,000 versus a total put value of 5,662,800,000 Combined total value = 11,172,150,000

Strike 2100 has a total call value of 7,071,900,000 versus a total put value of 4,510,550,000 Combined total value = 11,582,450,000

Strike 2120 has a total call value of 9,831,250,000 versus a total put value of 3,704,250,000 Combined total value = 13,535,500,000

Strike 2140 has a total call value of 12,837,000,000 versus a total put value of 3,045,900,000 Combined total value = 15,882,900,000

Strike 2160 has a total call value of 16,484,050,000 versus a total put value of 2,628,450,000 Combined total value = 19,112,500,000

Strike 2180 has a total call value of 20,486,400,000 versus a total put value of 2,240,700,000 Combined total value = 22,727,100,000

Strike 2200 has a total call value of 24,577,850,000 versus a total put value of 1,871,650,000 Combined total value = 26,449,500,000

Strike 2220 has a total call value of 29,714,300,000 versus a total put value of 1,650,550,000 Combined total value = 31,364,850,000

Strike 2240 has a total call value of 35,002,000,000 versus a total put value of 1,429,450,000 Combined total value = 36,431,450,000

Strike 2260 has a total call value of 40,332,600,000 versus a total put value of 1,211,650,000 Combined total value = 41,544,250,000

Strike 2280 has a total call value of 45,719,300,000 versus a total put value of 998,250,000 Combined total value = 46,717,550,000

Strike 2300 has a total call value of 51,180,250,000 versus a total put value of 800,250,000 Combined total value = 51,980,500,000

Strike 2320 has a total call value of 56,914,000,000 versus a total put value of 706,200,000 Combined total value = 57,620,200,000

Strike 2340 has a total call value of 62,647,750,000 versus a total put value of 618,750,000 Combined total value = 63,266,500,000

Strike 2360 has a total call value of 68,381,500,000 versus a total put value of 532,400,000 Combined total value = 68,913,900,000

Strike 2380 has a total call value of 74,135,050,000 versus a total put value of 446,050,000 Combined total value = 74,581,100,000

Strike 2400 has a total call value of 79,900,700,000 versus a total put value of 359,700,000 Combined total value = 80,260,400,000

Strike 2420 has a total call value of 85,787,900,000 versus a total put value of 295,900,000 Combined total value = 86,083,800,000

Strike 2440 has a total call value of 91,692,700,000 versus a total put value of 232,100,000 Combined total value = 91,924,800,000

Strike 2460 has a total call value of 97,655,800,000 versus a total put value of 169,950,000 Combined total value = 97,825,750,000

Strike 2480 has a total call value of 103,627,150,000 versus a total put value of 107,800,000 Combined total value = 103,734,950,000

Strike 2500 has a total call value of 109,598,500,000 versus a total put value of 54,450,000 Combined total value = 109,652,950,000

Strike 2520 has a total call value of 115,702,400,000 versus a total put value of 28,600,000 Combined total value = 115,731,000,000

Strike 2540 has a total call value of 121,806,300,000 versus a total put value of 21,450,000 Combined total value = 121,827,750,000

Strike 2560 has a total call value of 127,910,200,000 versus a total put value of 14,300,000 Combined total value = 127,924,500,000

Strike 2580 has a total call value of 134,014,100,000 versus a total put value of 7,150,000 Combined total value = 134,021,250,000

Strike 2600 has a total call value of 140,118,000,000 versus a total put value of 0 Combined total value = 140,118,000,000

Strike 2620 has a total call value of 146,227,400,000 versus a total put value of 0 Combined total value = 146,227,400,000

Strike 2640 has a total call value of 152,336,800,000 versus a total put value of 0 Combined total value = 152,336,800,000

Max-Pain Table for Stocks

Max-Pain Table Expiry

Note:- click on symbol to see more detailed view

Max Pain Table (Stocks)
Symbol	Symbol Ltp	Max Pain
360ONE	1131.3	1140
ABB	5148	5200
ABCAPITAL	348.15	345
ADANIENSOL	982.95	980
ADANIENT	2227.2	2300
ADANIGREEN	1018.2	1020
ADANIPORTS	1493.8	1500
ALKEM	5535	5650
AMBER	6650.5	6800
AMBUJACEM	539.25	550
ANGELONE	2508.3	2550
APLAPOLLO	1810.5	1760
APOLLOHOSP	6990	7100
ASHOKLEY	173.13	164
ASIANPAINT	2790	2800
ASTRAL	1419.6	1440
AUBANK	983	960
AUROPHARMA	1220.5	1220
AXISBANK	1233.5	1240
BAJAJ-AUTO	8980	9000
BAJAJFINSV	2039.8	2060
BAJFINANCE	1006	1020
BANDHANBNK	149.7	150
BANKBARODA	291.15	290
BANKINDIA	142.69	143
BDL	1360.9	1400
BEL	391.8	400
BHARATFORG	1432.6	1400
BHARTIARTL	2093.1	2100
BHEL	274.65	280
BIOCON	396.15	395
BLUESTARCO	1768	1780
BOSCHLTD	35705	36000
BPCL	363.15	365
BRITANNIA	6091	6000
BSE	2694	2700
CAMS	754.5	770
CANBK	147.73	150
CDSL	1492.8	1540
CGPOWER	670.5	680
CHOLAFIN	1635.7	1700
CIPLA	1510.1	1520
COALINDIA	385.1	385
COFORGE	1844.9	1840
COLPAL	2100.9	2160
CONCOR	499.4	520
CROMPTON	253	260
CUMMINSIND	4369.3	4400
CYIENT	1155.6	1140
DABUR	493.25	500
DALBHARAT	2018.3	2020
DELHIVERY	404.85	410
DIVISLAB	6439.5	6450
DIXON	13150	13500
DLF	686.6	710
DMART	3816	3900
DRREDDY	1272.3	1270
EICHERMOT	7213.5	7150
ETERNAL	286.8	295
EXIDEIND	361.35	370
FEDERALBNK	267.2	260
FORTIS	888.65	890
GAIL	168.96	175
GLENMARK	1980.6	1940
GMRAIRPORT	101.17	102
GODREJCP	1183.4	1160
GODREJPROP	2033.9	2060
GRASIM	2815.1	2800
HAL	4299.9	4500
HAVELLS	1412	1440
HCLTECH	1642.6	1660
HDFCAMC	2668.9	2660
HDFCBANK	987.1	990
HDFCLIFE	762.95	770
HEROMOTOCO	5736.5	5850
HFCL	63.99	67
HINDALCO	851.9	820
HINDPETRO	466.8	460
HINDUNILVR	2282.2	2300
HINDZINC	587.65	560
HUDCO	209.2	217.5
ICICIBANK	1355.3	1370
ICICIGI	1945.4	1960
ICICIPRULI	648.95	630
IDEA	11.65	11
IDFCFIRSTB	84.55	82
IEX	140.95	145
IIFL	560.2	560
INDHOTEL	729.95	730
INDIANB	777.55	810
INDIGO	5145	5100
INDUSINDBK	842.95	850
INDUSTOWER	411.65	410
INFY	1633.2	1600
INOXWIND	125.4	130
IOC	161.4	161
IRCTC	671.4	690
IREDA	132.2	140
IRFC	112.47	116
ITC	401.8	405
JINDALSTEL	987.4	1020
JIOFIN	297	305
JSWENERGY	476.8	490
JSWSTEEL	1078.5	1120
JUBLFOOD	563.1	580
KALYANKJIL	477.6	480
KAYNES	4152	4300
KEI	4232.8	4100
KFINTECH	1075.5	1080
KOTAKBANK	2163	2160
KPITTECH	1219.2	1200
LAURUSLABS	1038.8	1010
LICHSGFIN	530.35	550
LICI	848.3	870
LODHA	1083	1120
LT	4082	4040
LTF	299	300
LTIM	6187.5	6100
LUPIN	2119.2	2100
M&M	3605.4	3650
MANAPPURAM	290.1	282.5
MANKIND	2157.8	2200
MARICO	741.55	740
MARUTI	16446	16300
MAXHEALTH	1079.3	1100
MAZDOCK	2397.3	2500
MCX	10293	10100
MFSL	1679.4	1680
MOTHERSON	119.7	116
MPHASIS	2886	2900
MUTHOOTFIN	3762.7	3750
NATIONALUM	277.6	272.5
NAUKRI	1337.3	1360
NBCC	112.85	111
NCC	154.56	165
NESTLEIND	1240.9	1240
NHPC	76.23	78
NMDC	75.95	77
NTPC	319.2	325
NUVAMA	7099.5	7200
NYKAA	248.7	252.5
OBEROIRLTY	1666.4	1660
OFSS	7739	8000
OIL	406.05	410
ONGC	232.45	237.5
PAGEIND	35790	36500
PATANJALI	559.1	550
PAYTM	1324.9	1300
PERSISTENT	6350	6300
PETRONET	273.2	280
PFC	336.85	355
PGEL	580	560
PHOENIXLTD	1827.9	1760
PIDILITIND	1452.2	1480
PIIND	3229.9	3350
PNB	119.29	120
PNBHOUSING	914	900
POLICYBZR	1883.5	1860
POLYCAB	7399.5	7300
POWERGRID	263	270
POWERINDIA	18345	18500
PPLPHARMA	170.26	175
PRESTIGE	1617	1640
RBLBANK	299.65	305
RECLTD	338.35	350
RELIANCE	1568	1550
RVNL	315.3	315
SAIL	125.34	130
SAMMAANCAP	144.6	155
SBICARD	863.65	870
SBILIFE	2028.5	2020
SBIN	979.95	970
SHREECEM	25590	26000
SHRIRAMFIN	900.3	880
SIEMENS	3101.5	3150
SOLARINDS	11867	12500
SONACOMS	499	500
SRF	3074.9	3000
SUNPHARMA	1747.1	1760
SUPREMEIND	3369.9	3400
SUZLON	52.19	54
SYNGENE	649.8	650
TATACONSUM	1184.3	1180
TATAELXSI	5426	5300
TATAMOTORS	0	320
TATAPOWER	378.75	390
TATASTEEL	168.63	170
TATATECH	651.6	670
TCS	3296.8	3240
TECHM	1611.8	1560
TIINDIA	2615.4	2700
TITAGARH	778.2	800
TITAN	3935.7	3880
TMPV	351.85	360
TORNTPHARM	3767.9	3750
TORNTPOWER	1276.6	1300
TRENT	4064.8	4200
TVSMOTOR	3662.8	3600
ULTRACEMCO	11512	11600
UNIONBANK	153.45	155
UNITDSPR	1406.3	1430
UNOMINDA	1259	1280
UPL	745.95	750
VBL	468.9	470
VEDL	576.65	555
VOLTAS	1371.4	1380
WIPRO	264.66	260
YESBANK	21.58	22
ZYDUSLIFE	914.35	930

Note:

Stock LTP > Max Pain	Bearish Trend
Stock LTP < Max Pain	Bullish Trend

Frequently Asked Questions

Max Pain, also known as the max pain price, is the strike price at which the maximum number of option contracts (both puts and calls) would expire worthless, causing the largest financial losses for option holders at expiration. This price point represents the level where option writers would experience the least payout obligation.

The max pain theory suggests that as expiration approaches, market makers and option writers may attempt to influence the stock price toward this level to minimize their payout obligations, making it a significant reference point for traders analyzing option expiration dynamics.

Max Pain is calculated by determining the total dollar value of in-the-money options at each strike price. Here's the step-by-step process:

For each strike price: Calculate the difference between the current stock price and the strike price.
Multiply by Open Interest: Multiply this difference by the open interest (number of contracts) at that strike for both call and put options.
Sum the values: Add together the dollar value for put options and call options at each strike price.
Repeat for all strikes: Perform this calculation for every available strike price in the option chain.
Identify the maximum: The strike price with the highest combined dollar value is the Max Pain price.

This calculation helps identify the price level where option writers would face the maximum financial loss if the stock closes at that price on expiration day.

Traders can incorporate Max Pain analysis into their trading strategy in several ways:

Expiration Day Trading: As option expiration approaches, traders can use Max Pain as a potential support or resistance level, as market makers may attempt to push the price toward this level.
Option Selection: Understanding Max Pain helps traders choose strike prices that are less likely to be manipulated, potentially improving their option trade outcomes.
Risk Management: If a stock is trading far from Max Pain before expiration, traders can anticipate potential price movement toward this level and adjust their positions accordingly.
Market Sentiment Indicator: Comparing the current stock price to Max Pain can provide insights into market sentiment and potential price direction near expiration.
Hedging Strategy: Option writers can use Max Pain to identify strike prices where they might face the least payout risk, helping them structure more efficient hedging strategies.

Max Pain provides insights into potential stock price behavior, especially near option expiration:

Price Magnet Effect: If the stock price is significantly above or below Max Pain before expiration, there may be a tendency for the price to move toward Max Pain as expiration approaches, as option writers hedge their positions.
Support/Resistance Level: Max Pain can act as a psychological and technical support or resistance level, especially on expiration day, as it represents the price where maximum option value would be lost.
Volatility Indicator: A large gap between current price and Max Pain may indicate higher potential volatility or price movement as expiration nears.
Market Maker Activity: Significant open interest concentration around Max Pain suggests where market makers might have the most incentive to influence price movement through their hedging activities.

Note: Max Pain is a theoretical concept and should be used in conjunction with other technical and fundamental analysis tools, as it does not guarantee price movement.

Max Pain is a dynamic value that changes continuously based on several factors:

Open Interest Changes: As traders open and close option positions, the open interest at different strike prices changes, which directly affects the Max Pain calculation.
Stock Price Movement: As the underlying stock price moves, different strike prices become in-the-money or out-of-the-money, altering the dollar value calculations.
Time Decay: As expiration approaches, the time value of options decreases, but the intrinsic value calculations for Max Pain continue to evolve with price movements.
New Option Contracts: When new strike prices are added or when significant new positions are opened, Max Pain may shift to reflect the new distribution of open interest.

For accurate Max Pain analysis, traders should monitor it regularly, especially in the days leading up to expiration, as it can shift significantly as market conditions and option positions change.

Max Pain and Spot Price are two distinct concepts that serve different purposes in options trading:

Spot Price (Current Market Price): This is the current trading price of the underlying stock or index in the market. It represents the real-time value at which the asset can be bought or sold immediately.
Max Pain Price: This is a calculated theoretical price level based on option open interest data. It represents the strike price where option writers would face minimum payout obligations, not necessarily where the stock is currently trading.

The relationship between these two prices is crucial: when the spot price is far from Max Pain, traders may anticipate potential price movement toward Max Pain as expiration approaches. However, this is not guaranteed, and many other factors influence stock price movement.

No, Max Pain is not always accurate and should not be used as the sole indicator for predicting stock price movement. Here's why:

Market Forces: Strong fundamental news, earnings reports, or significant market events can override the Max Pain effect and drive prices in unexpected directions.
Institutional Activity: Large institutional trades, algorithmic trading, and other market participants may have different objectives than minimizing option payouts.
Limited Influence: While market makers may attempt to influence price toward Max Pain, their ability to do so is limited, especially in highly liquid stocks with strong directional momentum.
Multiple Expirations: Stocks often have options expiring on different dates (weekly, monthly), which means multiple Max Pain levels may exist simultaneously, reducing the predictive power of any single level.
Statistical Tool: Max Pain is best viewed as a statistical tool that provides context about option market dynamics rather than a guaranteed price target.

Traders should use Max Pain as one of many tools in their analysis, combining it with technical analysis, fundamental analysis, and market sentiment indicators for more comprehensive decision-making.

Max Pain becomes increasingly relevant as option expiration approaches:

Last Trading Week: Max Pain analysis is most useful during the final week before expiration, when option writers are actively hedging and the "pinning effect" (price movement toward Max Pain) is most likely to occur.
Expiration Day: On the day of expiration, Max Pain can serve as a key reference level, as market makers may attempt to keep the stock price near this level to minimize their payout obligations.
High Open Interest: Max Pain is more reliable when there is significant open interest concentrated around specific strike prices, as this indicates where option writers have the most exposure.
Low Volatility Periods: During periods of low market volatility, Max Pain may have a stronger influence, as there are fewer competing forces driving price movement.
Monthly Expirations: Monthly option expirations (typically the third Friday) often show stronger Max Pain effects compared to weekly expirations, due to higher open interest and more significant market maker involvement.

While Max Pain can be calculated at any time, its predictive value and practical application increase significantly as expiration approaches, making it particularly useful for short-term trading strategies focused on expiration week dynamics.

Related Pages for GODREJPROP

GODREJPROP

360ONE

ABB

ABCAPITAL

ADANIENSOL

ADANIENT

ADANIGREEN

ADANIPORTS

ALKEM

AMBER

AMBUJACEM

ANGELONE

APLAPOLLO

APOLLOHOSP

ASHOKLEY

ASIANPAINT

ASTRAL

AUBANK

AUROPHARMA

AXISBANK

BAJAJ-AUTO

BAJAJFINSV

BAJFINANCE

BANDHANBNK

BANKBARODA

BANKEX

BANKINDIA

BANKNIFTY

BDL

BEL

BHARATFORG

BHARTIARTL

BHEL

BIOCON

BLUESTARCO

BOSCHLTD

BPCL

BRITANNIA

BSE

CAMS

CANBK

CDSL

CGPOWER

CHOLAFIN

CIPLA

COALINDIA

COFORGE

COLPAL

CONCOR

COPPER

CROMPTON

CRUDEOIL

CRUDEOILM

CUMMINSIND

CYIENT

DABUR

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