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.

MARUTI

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.

Maruti Suzuki India Ltd.

16396 -19.00 (-0.12%)

L: 16331 H: 16451

Max Pain - MARUTI

16 Dec 2025 02:27 PM IST

Live

Expiry

Max Pain for MARUTI is 16300

Historical data for MARUTI-16300-CE

LTP (16300 CE)

258.2 -28.5

Open Interest

2562 -70

Historical data for MARUTI-16300-PE

LTP (16300 PE)

137 4.9

Open Interest

2171 259

Strike 13400 has a total call value of 0 versus a total put value of 353,462,500,000 Combined total value = 353,462,500,000

Strike 13500 has a total call value of 0 versus a total put value of 338,091,000,000 Combined total value = 338,091,000,000

Strike 13600 has a total call value of 0 versus a total put value of 322,719,500,000 Combined total value = 322,719,500,000

Strike 13700 has a total call value of 4,000,000 versus a total put value of 307,348,000,000 Combined total value = 307,352,000,000

Strike 13800 has a total call value of 8,000,000 versus a total put value of 291,976,500,000 Combined total value = 291,984,500,000

Strike 13900 has a total call value of 12,000,000 versus a total put value of 276,605,000,000 Combined total value = 276,617,000,000

Strike 14000 has a total call value of 16,000,000 versus a total put value of 261,233,500,000 Combined total value = 261,249,500,000

Strike 14100 has a total call value of 74,000,000 versus a total put value of 246,080,000,000 Combined total value = 246,154,000,000

Strike 14200 has a total call value of 132,000,000 versus a total put value of 230,926,500,000 Combined total value = 231,058,500,000

Strike 14300 has a total call value of 191,000,000 versus a total put value of 215,784,000,000 Combined total value = 215,975,000,000

Strike 14400 has a total call value of 250,000,000 versus a total put value of 200,651,500,000 Combined total value = 200,901,500,000

Strike 14500 has a total call value of 309,000,000 versus a total put value of 185,617,000,000 Combined total value = 185,926,000,000

Strike 14600 has a total call value of 372,500,000 versus a total put value of 170,944,000,000 Combined total value = 171,316,500,000

Strike 14700 has a total call value of 436,000,000 versus a total put value of 156,326,000,000 Combined total value = 156,762,000,000

Strike 14800 has a total call value of 499,500,000 versus a total put value of 141,735,500,000 Combined total value = 142,235,000,000

Strike 14900 has a total call value of 564,500,000 versus a total put value of 128,147,000,000 Combined total value = 128,711,500,000

Strike 15000 has a total call value of 629,500,000 versus a total put value of 114,632,500,000 Combined total value = 115,262,000,000

Strike 15100 has a total call value of 767,500,000 versus a total put value of 103,125,500,000 Combined total value = 103,893,000,000

Strike 15200 has a total call value of 907,000,000 versus a total put value of 91,701,000,000 Combined total value = 92,608,000,000

Strike 15300 has a total call value of 1,048,500,000 versus a total put value of 80,639,000,000 Combined total value = 81,687,500,000

Strike 15400 has a total call value of 1,196,000,000 versus a total put value of 69,877,000,000 Combined total value = 71,073,000,000

Strike 15500 has a total call value of 1,370,500,000 versus a total put value of 59,466,500,000 Combined total value = 60,837,000,000

Strike 15600 has a total call value of 1,693,000,000 versus a total put value of 50,253,000,000 Combined total value = 51,946,000,000

Strike 15700 has a total call value of 2,029,500,000 versus a total put value of 41,315,000,000 Combined total value = 43,344,500,000

Strike 15800 has a total call value of 2,419,500,000 versus a total put value of 32,895,000,000 Combined total value = 35,314,500,000

Strike 15900 has a total call value of 2,937,500,000 versus a total put value of 25,092,000,000 Combined total value = 28,029,500,000

Strike 16000 has a total call value of 3,630,500,000 versus a total put value of 17,883,000,000 Combined total value = 21,513,500,000

Strike 16100 has a total call value of 4,859,500,000 versus a total put value of 12,518,500,000 Combined total value = 17,378,000,000

Strike 16200 has a total call value of 6,619,000,000 versus a total put value of 7,879,000,000 Combined total value = 14,498,000,000

Strike 16300 has a total call value of 9,762,500,000 versus a total put value of 4,632,500,000 Combined total value = 14,395,000,000

Strike 16400 has a total call value of 14,187,000,000 versus a total put value of 2,471,500,000 Combined total value = 16,658,500,000

Strike 16500 has a total call value of 19,819,000,000 versus a total put value of 1,058,000,000 Combined total value = 20,877,000,000

Strike 16600 has a total call value of 28,033,000,000 versus a total put value of 628,000,000 Combined total value = 28,661,000,000

Strike 16700 has a total call value of 36,882,000,000 versus a total put value of 386,500,000 Combined total value = 37,268,500,000

Strike 16800 has a total call value of 46,256,000,000 versus a total put value of 247,000,000 Combined total value = 46,503,000,000

Strike 16900 has a total call value of 56,049,000,000 versus a total put value of 141,000,000 Combined total value = 56,190,000,000

Strike 17000 has a total call value of 66,291,500,000 versus a total put value of 49,000,000 Combined total value = 66,340,500,000

Strike 17100 has a total call value of 78,464,000,000 versus a total put value of 35,000,000 Combined total value = 78,499,000,000

Strike 17200 has a total call value of 90,958,500,000 versus a total put value of 30,500,000 Combined total value = 90,989,000,000

Strike 17300 has a total call value of 103,915,500,000 versus a total put value of 27,000,000 Combined total value = 103,942,500,000

Strike 17400 has a total call value of 116,998,500,000 versus a total put value of 24,000,000 Combined total value = 117,022,500,000

Strike 17500 has a total call value of 130,519,000,000 versus a total put value of 21,000,000 Combined total value = 130,540,000,000

Strike 17600 has a total call value of 144,128,500,000 versus a total put value of 18,000,000 Combined total value = 144,146,500,000

Strike 17700 has a total call value of 158,538,500,000 versus a total put value of 15,000,000 Combined total value = 158,553,500,000

Strike 17800 has a total call value of 172,948,500,000 versus a total put value of 12,000,000 Combined total value = 172,960,500,000

Strike 17900 has a total call value of 187,394,000,000 versus a total put value of 9,000,000 Combined total value = 187,403,000,000

Strike 18000 has a total call value of 201,839,500,000 versus a total put value of 6,000,000 Combined total value = 201,845,500,000

Strike 18100 has a total call value of 217,079,500,000 versus a total put value of 3,000,000 Combined total value = 217,082,500,000

Strike 18200 has a total call value of 232,319,500,000 versus a total put value of 0 Combined total value = 232,319,500,000

Strike 18300 has a total call value of 247,650,500,000 versus a total put value of 0 Combined total value = 247,650,500,000

Strike 18400 has a total call value of 262,981,500,000 versus a total put value of 0 Combined total value = 262,981,500,000

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	1140
ABB	5248	5200
ABCAPITAL	348.2	350
ADANIENSOL	995.75	990
ADANIENT	2242	2300
ADANIGREEN	1025.7	1020
ADANIPORTS	1500.6	1500
ALKEM	5658.5	5700
AMBER	6768.5	6800
AMBUJACEM	547.95	550
ANGELONE	2534.2	2600
APLAPOLLO	1727.2	1740
APOLLOHOSP	7038	7200
ASHOKLEY	167.68	160
ASIANPAINT	2786.6	2800
ASTRAL	1460.5	1460
AUBANK	981.8	960
AUROPHARMA	1181.5	1200
AXISBANK	1225.1	1240
BAJAJ-AUTO	8986.5	9000
BAJAJFINSV	2035.8	2060
BAJFINANCE	998.5	1020
BANDHANBNK	148.93	150
BANKBARODA	282.5	290
BANKINDIA	139.49	143
BDL	1351.9	1400
BEL	386.6	400
BHARATFORG	1415	1400
BHARTIARTL	2099.4	2100
BHEL	278.55	280
BIOCON	384.5	390
BLUESTARCO	1806.4	1780
BOSCHLTD	36165	36500
BPCL	365.6	362.5
BRITANNIA	6069.5	6000
BSE	2599.3	2700
CAMS	751.1	780
CANBK	147.27	148
CDSL	1499	1560
CGPOWER	670.1	680
CHOLAFIN	1716	1700
CIPLA	1498.1	1520
COALINDIA	380.6	382.5
COFORGE	1850.5	1840
COLPAL	2161	2180
CONCOR	498.8	520
CROMPTON	252.65	265
CUMMINSIND	4489.9	4500
CYIENT	1150.6	1160
DABUR	497.3	505
DALBHARAT	2066.1	2040
DELHIVERY	400.15	410
DIVISLAB	6289	6400
DIXON	13620	13750
DLF	690.2	720
DMART	3846.5	3900
DRREDDY	1279.6	1270
EICHERMOT	7075.5	7100
ETERNAL	287.5	295
EXIDEIND	366.25	375
FEDERALBNK	262.95	260
FORTIS	877.1	890
GAIL	167.76	175
GLENMARK	1965.5	1940
GMRAIRPORT	102.71	102
GODREJCP	1179.9	1160
GODREJPROP	2020.7	2080
GRASIM	2799.8	2800
HAL	4251.2	4500
HAVELLS	1411.5	1440
HCLTECH	1647.8	1660
HDFCAMC	2584.9	2625
HDFCBANK	995.4	1000
HDFCLIFE	766.55	770
HEROMOTOCO	5942	6050
HFCL	65.68	68
HINDALCO	833.3	820
HINDPETRO	463	460
HINDUNILVR	2282.6	2300
HINDZINC	568.2	540
HUDCO	210.93	220
ICICIBANK	1361.2	1380
ICICIGI	1948.6	1980
ICICIPRULI	639.35	630
IDEA	11.26	11
IDFCFIRSTB	83.5	81
IEX	140.36	145
IIFL	564.75	560
INDHOTEL	724.4	740
INDIANB	770.85	820
INDIGO	4969	5000
INDUSINDBK	843.2	850
INDUSTOWER	407.35	410
INFY	1590	1600
INOXWIND	125.81	130
IOC	167	165
IRCTC	669.45	690
IREDA	133.62	140
IRFC	112.12	117
ITC	402.2	405
JINDALSTEL	1008.2	1030
JIOFIN	295.3	305
JSWENERGY	476.8	490
JSWSTEEL	1085.2	1130
JUBLFOOD	561.55	580
KALYANKJIL	476.75	480
KAYNES	4190	4400
KEI	4149.2	4100
KFINTECH	1034.9	1060
KOTAKBANK	2183.2	2160
KPITTECH	1177.7	1200
LAURUSLABS	995.4	1000
LICHSGFIN	526.65	550
LICI	853.2	880
LODHA	1075.9	1120
LT	4055.2	4040
LTF	300.25	302.5
LTIM	6207	6150
LUPIN	2088.9	2080
M&M	3621	3650
MANAPPURAM	283.4	280
MANKIND	2108	2200
MARICO	738.15	730
MARUTI	16396	16300
MAXHEALTH	1079.1	1100
MAZDOCK	2412.5	2600
MCX	10150	10100
MFSL	1673.7	1700
MOTHERSON	119.75	116
MPHASIS	2851.2	2900
MUTHOOTFIN	3837.3	3750
NATIONALUM	275	270
NAUKRI	1346.8	1360
NBCC	111.57	113
NCC	158.14	167.5
NESTLEIND	1241.9	1240
NHPC	75.84	78
NMDC	76.87	77
NTPC	319.6	325
NUVAMA	7230	7200
NYKAA	245	255
OBEROIRLTY	1631.2	1660
OFSS	7841	8000
OIL	401.05	410
ONGC	230.94	240
PAGEIND	36255	37500
PATANJALI	533.25	545
PAYTM	1285	1300
PERSISTENT	6209.5	6200
PETRONET	264.2	277.5
PFC	335.9	355
PGEL	566.85	560
PHOENIXLTD	1778.7	1740
PIDILITIND	1470.9	1480
PIIND	3225.2	3350
PNB	116.9	120
PNBHOUSING	910.4	910
POLICYBZR	1822	1860
POLYCAB	7281	7300
POWERGRID	260.65	270
POWERINDIA	19205	19500
PPLPHARMA	169.21	180
PRESTIGE	1615.9	1660
RBLBANK	298.85	310
RECLTD	335.3	355
RELIANCE	1542.8	1540
RVNL	308.75	315
SAIL	128.72	132
SAMMAANCAP	146.69	155
SBICARD	848.4	870
SBILIFE	2043.1	2020
SBIN	963.5	965
SHREECEM	25950	26500
SHRIRAMFIN	850.55	850
SIEMENS	3151.9	3200
SOLARINDS	11920	12500
SONACOMS	485.25	500
SRF	3015.5	2950
SUNPHARMA	1783.7	1800
SUPREMEIND	3393.1	3400
SUZLON	52.48	54
SYNGENE	650.45	650
TATACONSUM	1168.9	1170
TATAELXSI	5004	5100
TATAMOTORS	0	320
TATAPOWER	378.8	390
TATASTEEL	169.54	170
TATATECH	649.95	680
TCS	3197.6	3200
TECHM	1572.8	1540
TIINDIA	2623.8	2700
TITAGARH	788.95	800
TITAN	3906.6	3860
TMPV	344.6	360
TORNTPHARM	3776.9	3800
TORNTPOWER	1288.9	1300
TRENT	4101.5	4200
TVSMOTOR	3617.8	3600
ULTRACEMCO	11561	11700
UNIONBANK	152.66	152.5
UNITDSPR	1447.9	1440
UNOMINDA	1256.9	1280
UPL	748.35	750
VBL	477.45	470
VEDL	547.65	535
VOLTAS	1390.2	1360
WIPRO	259.15	255
YESBANK	21.45	22
ZYDUSLIFE	916.7	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 MARUTI

MARUTI

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

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