Eicher Motors (EICHERMOT) Max Pain
The strike where option writers pay the least at expiry, from live open interest - 27 Oct 2026 expiry.
The future trades 74.00 (1.03%) above max pain with 11 days to expiry. Max pain has held at 7,200 for 8 sessions. It sits inside the ±1 SD expected move.
Data as of 16 Oct 2026, 21:15 IST · updates every minute in market hours · ATM ±10 strikes
Writers’ payout at each settlement price
Lowest bar is max pain. ₹ crore owed by option writers if expiry settles there; today’s change in OI below.
Strike table
Payout in ₹ crore · OI in shares
| Strike | Call OI | Put OI | Call pay | Put pay | Total |
|---|---|---|---|---|---|
| 6,300 | 0 | 30.6 K | 0.01 | 122.20 | 122.21 |
| 6,400 | 200 | 76.0 K | 0.01 | 107.19 | 107.20 |
| 6,500 | 0 | 75.4 K | 0.02 | 92.93 | 92.95 |
| 6,600 | 8.4 K | 80.9 K | 0.03 | 79.42 | 79.45 |
| 6,700 | 7.6 K | 50.0 K | 0.12 | 66.73 | 66.85 |
| 6,800 | 36.8 K | 76.2 K | 0.29 | 54.54 | 54.83 |
| 6,900 | 37.0 K | 86.0 K | 0.82 | 43.10 | 43.93 |
| 7,000 | 1.5 L | 4.3 L | 1.73 | 32.53 | 34.26 |
| 7,100 | 1.3 L | 1.2 L | 4.16 | 26.30 | 30.45 |
| 7,200MP | 1.6 L | 1.4 L | 7.92 | 21.30 | 29.22 |
| Future 7,274 | |||||
| 7,300 | 1.0 L | 1.3 L | 13.31 | 17.75 | 31.05 |
| 7,400 | 84.8 K | 43.1 K | 19.70 | 15.46 | 35.16 |
| 7,500 | 1.2 L | 34.2 K | 26.94 | 13.59 | 40.53 |
| 7,600 | 1.1 L | 9.1 K | 35.37 | 12.07 | 47.45 |
| 7,700 | 92.9 K | 3.4 K | 44.94 | 10.65 | 55.59 |
| 7,800 | 1.4 L | 4.4 K | 55.44 | 9.25 | 64.69 |
| 7,900 | 2.7 K | 7.9 K | 67.34 | 7.90 | 75.24 |
| 8,000 | 1.2 L | 9.7 K | 79.27 | 6.63 | 85.90 |
| 8,100 | 0 | 1.2 K | 92.43 | 5.46 | 97.89 |
| 8,200 | 7.3 K | 5.1 K | 105.59 | 4.30 | 109.89 |
| 8,300 | 0 | 500 | 118.82 | 3.19 | 122.01 |
Max pain vs future, this series
End-of-day readings for the 27-Oct-26 expiry. The gap usually narrows as expiry approaches.
Across expiries
Max pain for each open EICHERMOT expiry.
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What is max pain?
At expiry, option writers pay buyers the intrinsic value of every in-the-money option. Max pain is the settlement price where that total payout is lowest - the level that hurts option buyers the most and writers the least.
How traders use it
Large writers hedge around the strikes where they hold the most open interest, so the price often drifts toward max pain in the last few sessions before expiry. Read it with the put-call ratio, the expected move and how long it has held - not on its own.
How we calculate it
For each strike we add up what call writers and put writers would owe if the underlying settled exactly there, using the open interest of that expiry: calls pay (settlement − strike) × OI above their strike, puts pay (strike − settlement) × OI below it. Max pain is the settlement price where that total is lowest. The payouts shown are in ₹ crore.
Learn it on video
15:17Nifty Expiry Explained: OI, Max Pain and IV
29:39Expiry Day Trading: Option Pain aur Option Gain (Hindi)
15:19Using the Option Pain Tool and Max Pain Levels (Marathi)Frequently asked questions
What is the max pain of EICHERMOT today?
EICHERMOT max pain for the 27 Oct 2026 expiry is 7,200 (data as of 16 Oct 2026, 21:15 IST). The future is at 7,274, 74.00 points above it.
What is the put-call ratio of EICHERMOT for this expiry?
The open-interest PCR for the 27 Oct 2026 expiry is 1.03: more puts than calls are open. Read it together with max pain and the expected move, not on its own.
How is max pain calculated?
At expiry, option writers pay buyers the intrinsic value of every in-the-money option. For each strike we add up what call writers and put writers would owe if the underlying settled exactly there, using the open interest of that expiry. Max pain is the settlement price where that total is lowest.
Does the price move towards max pain at expiry?
Often in the last few sessions, not always. Large writers hedge around the strikes where they hold the most open interest, which can pull the price toward max pain as expiry nears. Big news, a trend day or heavy fresh positions override it, so treat it as one input with PCR, the expected move and how long it has held.
How often is this max pain data updated?
Every minute during market hours, from live open interest; outside market hours the page shows the last session’s closing reading. The time of the reading is shown under the summary.
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Data is for information only and is not investment advice. Derivatives trading carries substantial risk. Disclaimer