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1492 terms

Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

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Max pain

Derivatives

The strike at which the largest rupee value of options would expire worthless, causing the greatest aggregate loss to option buyers.

In plain terms

There is a partial mechanism — writers hedging their exposure do exert some pull near expiry — but it is weak, easily swamped by news, and it recalculates as open interest shifts.

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Indian stock market glossary · Market Vidyalaya