You should place the expression in the subscript, as shown below. Most LaTeX books explain this. E.g.
\documentclass{article}
\begin{document}
\begin{itemize}
\item \textbf{Display mode}:
\[\max_{1 \leq i \leq N}\]
\item \textbf{Inline mode}: version without \verb!\limits! would look like \(\max_{1 \leq i \leq N}\), version with \verb!\limits! would look like\(\max\limits_{1 \leq i \leq N}\) inside a text.
\end{itemize}
\end{document}
Note how \limits command force the subscript under operator in inline mode (if you think you need \limits, think again — maybe the defaults look better after all! cf. this answer here on TeX.se).
If you find that the subscripted expression is too long and introduces excessive whitespace, you could use \smashoperator macro from the mathtools package, as in this post.
Best Answer
You can use a scaled up version of
\bigcirc
and\ooalign
:I used
\mathbin
but it could be\mathrel
depending on the meaning.See https://tex.stackexchange.com/a/22375/4427 for a quick course on
\ooalign
.With a smaller circle
When symbols are “bigger”, they are usually centered with respect to the formula axis.
Another possibility: