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.

EICHERMOT

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.

Eicher Motors Ltd

7151.5 +90.00 (1.27%)

L: 7080.5 H: 7176.5

Max Pain - EICHERMOT

17 Dec 2025 01:42 PM IST

Live

Expiry

Max Pain for EICHERMOT is 7150

Historical data for EICHERMOT-7150-CE

LTP (7150 CE)

102.25 27.35

Open Interest

480 0

Historical data for EICHERMOT-7150-PE

LTP (7150 PE)

105.5 -42.4

Open Interest

277 76

Strike 5700 has a total call value of 0 versus a total put value of 217,248,500,000 Combined total value = 217,248,500,000

Strike 5750 has a total call value of 875,000 versus a total put value of 207,201,750,000 Combined total value = 207,202,625,000

Strike 5800 has a total call value of 1,750,000 versus a total put value of 197,155,000,000 Combined total value = 197,156,750,000

Strike 5850 has a total call value of 7,000,000 versus a total put value of 187,108,250,000 Combined total value = 187,115,250,000

Strike 5900 has a total call value of 12,250,000 versus a total put value of 177,061,500,000 Combined total value = 177,073,750,000

Strike 5950 has a total call value of 18,375,000 versus a total put value of 167,014,750,000 Combined total value = 167,033,125,000

Strike 6000 has a total call value of 24,500,000 versus a total put value of 156,968,000,000 Combined total value = 156,992,500,000

Strike 6050 has a total call value of 121,625,000 versus a total put value of 147,004,375,000 Combined total value = 147,126,000,000

Strike 6100 has a total call value of 218,750,000 versus a total put value of 137,040,750,000 Combined total value = 137,259,500,000

Strike 6150 has a total call value of 315,875,000 versus a total put value of 127,108,625,000 Combined total value = 127,424,500,000

Strike 6200 has a total call value of 413,000,000 versus a total put value of 117,238,625,000 Combined total value = 117,651,625,000

Strike 6250 has a total call value of 523,250,000 versus a total put value of 107,715,125,000 Combined total value = 108,238,375,000

Strike 6300 has a total call value of 633,500,000 versus a total put value of 98,196,875,000 Combined total value = 98,830,375,000

Strike 6350 has a total call value of 747,250,000 versus a total put value of 89,860,750,000 Combined total value = 90,608,000,000

Strike 6400 has a total call value of 861,000,000 versus a total put value of 81,573,625,000 Combined total value = 82,434,625,000

Strike 6450 has a total call value of 977,375,000 versus a total put value of 74,119,500,000 Combined total value = 75,096,875,000

Strike 6500 has a total call value of 1,093,750,000 versus a total put value of 66,945,375,000 Combined total value = 68,039,125,000

Strike 6550 has a total call value of 1,312,500,000 versus a total put value of 60,333,000,000 Combined total value = 61,645,500,000

Strike 6600 has a total call value of 1,531,250,000 versus a total put value of 53,816,875,000 Combined total value = 55,348,125,000

Strike 6650 has a total call value of 1,751,750,000 versus a total put value of 47,977,125,000 Combined total value = 49,728,875,000

Strike 6700 has a total call value of 1,975,750,000 versus a total put value of 42,218,750,000 Combined total value = 44,194,500,000

Strike 6750 has a total call value of 2,233,875,000 versus a total put value of 36,792,000,000 Combined total value = 39,025,875,000

Strike 6800 has a total call value of 2,493,750,000 versus a total put value of 31,485,125,000 Combined total value = 33,978,875,000

Strike 6850 has a total call value of 2,876,125,000 versus a total put value of 26,912,375,000 Combined total value = 29,788,500,000

Strike 6900 has a total call value of 3,271,625,000 versus a total put value of 22,479,625,000 Combined total value = 25,751,250,000

Strike 6950 has a total call value of 3,895,500,000 versus a total put value of 18,380,250,000 Combined total value = 22,275,750,000

Strike 7000 has a total call value of 4,521,125,000 versus a total put value of 14,455,875,000 Combined total value = 18,977,000,000

Strike 7050 has a total call value of 5,754,000,000 versus a total put value of 11,373,250,000 Combined total value = 17,127,250,000

Strike 7100 has a total call value of 7,122,500,000 versus a total put value of 8,517,250,000 Combined total value = 15,639,750,000

Strike 7150 has a total call value of 9,184,875,000 versus a total put value of 6,439,125,000 Combined total value = 15,624,000,000

Strike 7200 has a total call value of 11,667,250,000 versus a total put value of 4,603,375,000 Combined total value = 16,270,625,000

Strike 7250 has a total call value of 15,517,250,000 versus a total put value of 3,372,250,000 Combined total value = 18,889,500,000

Strike 7300 has a total call value of 20,277,250,000 versus a total put value of 2,330,125,000 Combined total value = 22,607,375,000

Strike 7350 has a total call value of 27,150,375,000 versus a total put value of 1,677,375,000 Combined total value = 28,827,750,000

Strike 7400 has a total call value of 34,564,250,000 versus a total put value of 1,081,500,000 Combined total value = 35,645,750,000

Strike 7450 has a total call value of 42,698,250,000 versus a total put value of 586,250,000 Combined total value = 43,284,500,000

Strike 7500 has a total call value of 51,067,625,000 versus a total put value of 102,375,000 Combined total value = 51,170,000,000

Strike 7550 has a total call value of 60,323,375,000 versus a total put value of 52,500,000 Combined total value = 60,375,875,000

Strike 7600 has a total call value of 69,703,375,000 versus a total put value of 2,625,000 Combined total value = 69,706,000,000

Strike 7650 has a total call value of 79,614,500,000 versus a total put value of 875,000 Combined total value = 79,615,375,000

Strike 7700 has a total call value of 89,615,750,000 versus a total put value of 0 Combined total value = 89,615,750,000

Strike 7750 has a total call value of 100,660,875,000 versus a total put value of 0 Combined total value = 100,660,875,000

Strike 7800 has a total call value of 111,843,375,000 versus a total put value of 0 Combined total value = 111,843,375,000

Strike 7850 has a total call value of 123,606,875,000 versus a total put value of 0 Combined total value = 123,606,875,000

Strike 7900 has a total call value of 135,390,500,000 versus a total put value of 0 Combined total value = 135,390,500,000

Strike 7950 has a total call value of 147,680,750,000 versus a total put value of 0 Combined total value = 147,680,750,000

Strike 8000 has a total call value of 159,971,000,000 versus a total put value of 0 Combined total value = 159,971,000,000

Strike 8050 has a total call value of 173,245,625,000 versus a total put value of 0 Combined total value = 173,245,625,000

Strike 8100 has a total call value of 186,520,250,000 versus a total put value of 0 Combined total value = 186,520,250,000

Strike 8150 has a total call value of 200,278,750,000 versus a total put value of 0 Combined total value = 200,278,750,000

Strike 8200 has a total call value of 214,037,250,000 versus a total put value of 0 Combined total value = 214,037,250,000

Strike 8250 has a total call value of 227,834,250,000 versus a total put value of 0 Combined total value = 227,834,250,000

Strike 8300 has a total call value of 241,631,250,000 versus a total put value of 0 Combined total value = 241,631,250,000

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	1125.5	1140
ABB	5180.5	5200
ABCAPITAL	348.05	350
ADANIENSOL	982.45	990
ADANIENT	2227.3	2300
ADANIGREEN	1021.4	1020
ADANIPORTS	1485.1	1500
ALKEM	5596.5	5700
AMBER	6585	6800
AMBUJACEM	541.25	555
ANGELONE	2495.4	2600
APLAPOLLO	1763	1760
APOLLOHOSP	6925	7150
ASHOKLEY	165.28	160
ASIANPAINT	2777.1	2800
ASTRAL	1437.2	1460
AUBANK	989.95	960
AUROPHARMA	1190.8	1200
AXISBANK	1229.6	1240
BAJAJ-AUTO	8923.5	9000
BAJAJFINSV	2013.7	2060
BAJFINANCE	997	1020
BANDHANBNK	148.01	150
BANKBARODA	287.65	290
BANKINDIA	142.35	143
BDL	1330.6	1400
BEL	386	400
BHARATFORG	1413.3	1400
BHARTIARTL	2101.7	2100
BHEL	276.6	280
BIOCON	386.8	390
BLUESTARCO	1820.9	1780
BOSCHLTD	35935	36500
BPCL	368.55	365
BRITANNIA	6103	6000
BSE	2633.3	2700
CAMS	736.3	780
CANBK	150.14	150
CDSL	1479.3	1560
CGPOWER	671.8	680
CHOLAFIN	1670.3	1700
CIPLA	1495	1520
COALINDIA	382.8	384.75
COFORGE	1853.1	1840
COLPAL	2103.4	2180
CONCOR	497.7	520
CROMPTON	249.9	265
CUMMINSIND	4509.7	4500
CYIENT	1140.7	1160
DABUR	494.35	500
DALBHARAT	2072.2	2040
DELHIVERY	398.15	410
DIVISLAB	6299	6400
DIXON	13292	13750
DLF	682	710
DMART	3820	3900
DRREDDY	1269.4	1270
EICHERMOT	7151.5	7150
ETERNAL	284.75	295
EXIDEIND	364.05	375
FEDERALBNK	263.4	260
FORTIS	867.7	890
GAIL	168.55	175
GLENMARK	1945.8	1940
GMRAIRPORT	101.16	102
GODREJCP	1176.1	1160
GODREJPROP	2014.4	2080
GRASIM	2792.3	2800
HAL	4235	4450
HAVELLS	1395.6	1440
HCLTECH	1655.6	1660
HDFCAMC	2545.2	2600
HDFCBANK	981.2	995
HDFCLIFE	750.7	770
HEROMOTOCO	5819.5	6000
HFCL	64.57	68
HINDALCO	845.85	820
HINDPETRO	466	460
HINDUNILVR	2272.7	2300
HINDZINC	574.3	550
HUDCO	208.05	220
ICICIBANK	1348.5	1370
ICICIGI	1938.3	1980
ICICIPRULI	629	630
IDEA	11.12	11
IDFCFIRSTB	83.44	82
IEX	140.67	145
IIFL	564.7	560
INDHOTEL	712.3	730
INDIANB	773.95	810
INDIGO	4970.5	5000
INDUSINDBK	836.05	850
INDUSTOWER	405.75	410
INFY	1602	1600
INOXWIND	126.04	130
IOC	167.8	166
IRCTC	667.1	690
IREDA	131.89	140
IRFC	111.3	116
ITC	400.75	405
JINDALSTEL	1001	1020
JIOFIN	292.75	305
JSWENERGY	475.65	490
JSWSTEEL	1079.8	1120
JUBLFOOD	551.1	580
KALYANKJIL	472.2	480
KAYNES	4169	4400
KEI	4092.2	4100
KFINTECH	1030.4	1060
KOTAKBANK	2165.4	2160
KPITTECH	1171.2	1200
LAURUSLABS	1009.5	1000
LICHSGFIN	525.6	550
LICI	845.5	870
LODHA	1063	1100
LT	4052.3	4040
LTF	300.95	302.5
LTIM	6245	6150
LUPIN	2107.7	2080
M&M	3604	3650
MANAPPURAM	285.55	280
MANKIND	2098.2	2200
MARICO	738.35	740
MARUTI	16396	16300
MAXHEALTH	1027.6	1080
MAZDOCK	2362	2500
MCX	10068	10100
MFSL	1654.3	1680
MOTHERSON	119.55	116
MPHASIS	2865.3	2900
MUTHOOTFIN	3764.8	3750
NATIONALUM	279.05	270
NAUKRI	1342.5	1360
NBCC	109.83	112
NCC	155.85	165
NESTLEIND	1228.4	1240
NHPC	75.48	78
NMDC	77.19	77
NTPC	320.85	325
NUVAMA	7190	7200
NYKAA	244.25	255
OBEROIRLTY	1613	1640
OFSS	7748	8000
OIL	398.6	410
ONGC	232.54	237.5
PAGEIND	36255	37000
PATANJALI	533.95	540
PAYTM	1267.2	1300
PERSISTENT	6282.5	6300
PETRONET	268.2	278
PFC	335.45	355
PGEL	558.05	560
PHOENIXLTD	1777.4	1740
PIDILITIND	1451	1480
PIIND	3202.4	3300
PNB	119.03	120
PNBHOUSING	896.7	910
POLICYBZR	1778.2	1840
POLYCAB	7107.5	7200
POWERGRID	261.35	270
POWERINDIA	19150	19500
PPLPHARMA	168.95	180
PRESTIGE	1605.6	1660
RBLBANK	295.9	305
RECLTD	333.95	350
RELIANCE	1545.1	1540
RVNL	307.05	315
SAIL	129.65	132
SAMMAANCAP	149.1	155
SBICARD	830.8	870
SBILIFE	1997.8	2020
SBIN	976.1	970
SHREECEM	25950	26500
SHRIRAMFIN	861.2	850
SIEMENS	3148.1	3200
SOLARINDS	11842	12500
SONACOMS	492.25	500
SRF	3017.4	2950
SUNPHARMA	1794.2	1800
SUPREMEIND	3350	3400
SUZLON	51.96	54
SYNGENE	646.9	650
TATACONSUM	1181.4	1170
TATAELXSI	4974	5000
TATAMOTORS	0	320
TATAPOWER	378.6	390
TATASTEEL	169.94	170
TATATECH	641.9	670
TCS	3216	3200
TECHM	1576.2	1560
TIINDIA	2607.3	2700
TITAGARH	775.1	800
TITAN	3898.9	3880
TMPV	347.9	360
TORNTPHARM	3738.7	3750
TORNTPOWER	1282.4	1300
TRENT	4053.1	4200
TVSMOTOR	3643.5	3600
ULTRACEMCO	11559	11700
UNIONBANK	153.18	155
UNITDSPR	1432.3	1440
UNOMINDA	1244.5	1280
UPL	745.3	750
VBL	470.8	470
VEDL	568.9	550
VOLTAS	1379.9	1380
WIPRO	261.09	255
YESBANK	21.5	22
ZYDUSLIFE	918	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 EICHERMOT

EICHERMOT

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

DALBHARAT

DELHIVERY

DIVISLAB

DIXON

DLF

DMART

DRREDDY

EICHERMOT

ETERNAL

EURINR

EURUSD

EXIDEIND

FEDERALBNK

FINNIFTY

FORTIS

GAIL

GBPINR

GBPUSD

GLENMARK

GMRAIRPORT

GODREJCP

GODREJPROP

GOLD