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Price often drifts toward max pain as expiry nears, pulled by option writers hedging their BSE positions.
Max pain for BSE is the strike price at which option writers, as a group, face the smallest total payout at expiry — and where price is statistically more likely to settle as expiry approaches, since writers have every incentive to defend it. See the Max Pain glossary entry for how it's calculated.
New to max pain? See the full Max Pain Analysis guide.
Data is delayed by ~15 minutes and is for educational purposes only. Do not make trading decisions solely based on this data. For the full max pain history and live tracking, sign in to Stolo.
Real-time option chain, OI & PCR, and advanced charts for BSE. The data above is delayed.
BSE max pain represents the strike price where option buyers would experience the maximum combined loss at expiration, based on open interest data.
No. Max pain is not a prediction. Stolo presents it as a contextual reference to understand settlement pressure, not as a guaranteed outcome.
BSE max pain can change as open interest shifts. Stolo updates this calculation whenever new open interest data becomes available.
Max pain is primarily useful near expiration. Intraday traders use it on Stolo as background context rather than a standalone signal.
Yes. Strong trends, news, or institutional activity can overpower settlement dynamics. Stolo encourages traders to confirm with price and volume data.
Yes. Each expiration date has its own max pain level. Stolo allows traders to view max pain for multiple expiries.
Option sellers often monitor max pain because it represents areas where seller advantage may exist. Stolo provides this insight transparently.
Max pain is calculated directly from open interest. Changes in open interest can shift the max pain level over time.
Beginners should use max pain as a learning tool on Stolo, not as a trading rule. It works best when combined with other analysis.
Max pain complements Stolo’s open interest, option chain, and market chart tools by adding settlement context to existing data.
Got a question or a feature you wish existed? Drop it in our Telegram community, the Stolo team is right there reading every message.