# ASIANPAINT gamma exposure, walls and max pain

Canonical: https://squawkflow.com/india/stocks/asianpaint

ASIANPAINT closed at ₹2,301.48 on 29 Oct 2026. Levels for the session of 30 Oct 2026 from that close: call wall ₹2,300, put wall ₹2,200, gamma flip ₹2,260 (the close sat above it), max pain ₹2,300 for the 23 Nov 2026 expiry. Call open interest exceeded put open interest: 35,23,250 call units and 31,65,000 put units. Calls added 15,99,500 units; puts added 15,16,000 units against the prior file. The ASIANPAINT gamma exposure by strike chart, the strike by expiry heatmap and the wall migration across archived sessions are at https://squawkflow.com/india/stocks/asianpaint, updated after each end-of-day exchange file.

Source: public end-of-day exchange data, 29 Oct 2026. End of day, not live. Not investment advice.

## ASIANPAINT: what changed in the exchange file

ASIANPAINT's 23 Nov 2026 max pain was ₹2,300, below the close by 0.06%. This is an open-interest payout minimum, not a price target.

The largest absolute call OI change in ASIANPAINT's stored strike aggregation was at ₹2,300: +3,46,750 units, an addition.

The largest absolute put OI change in ASIANPAINT's stored strike aggregation was at ₹2,200: +3,89,500 units, an addition.

In ASIANPAINT's stored 28 Oct 2026 row, the close was ₹2,284.6, call OI 19,23,750 and put OI 16,49,000.

For ASIANPAINT's 23 Nov 2026 future, the closing price rose (0.75%) and open interest increased (0.82%) on 29 Oct 2026. Futures and option units are separate series.

Computed from the 29 Oct 2026 close. Next update after the 30 Oct 2026 close, checked hourly from 18:10 to 21:10 IST that day.

## Levels for the next session

| Level | Value |
| --- | --- |
| Close | 2,301.48 (29 Oct 2026) |
| Call wall | 2,300 |
| Put wall | 2,200 |
| Gamma flip | 2,260 |
| Net GEX, Dealers long calls, short puts | ₹6 cr per 1% move |
| Net GEX, Option writers short every option | -₹61.7 cr per 1% move |
| Max pain, 23 Nov 2026 expiry | 2,300 |
| PCR (OI), all expiries | 0.90 |
| PCR (OI), nearest expiry | 0.90 |
| Lot size (nearest expiry) | 250 |

## Expiries

| Expiry | Days | Lot | Call OI | Put OI | PCR | Max pain |
| --- | --- | --- | --- | --- | --- | --- |
| Mon 23 Nov 2026 | 25 | 250 | 34,65,250 | 31,04,250 | 0.90 | 2,300 |
| Tue 29 Dec 2026 | 61 | 250 | 58,000 | 53,500 | 0.92 | 2,300 |
| Mon 25 Jan 2027 | 88 | 250 | 0 | 7,250 | n/a | no open interest yet |

## By strike (within 5% of the close)

GEX in ₹ crore per 1% move. OI and OI change in units.

| Strike | Call OI | Put OI | Call OI chg | Put OI chg | Call GEX | Put GEX | Net GEX |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 2,200 | 1,09,000 | 5,21,000 | +69,250 | +3,89,500 | ₹1.1 cr | -₹5.2 cr | -₹4.1 cr |
| 2,220 | 39,000 | 1,28,750 | +39,000 | +1,08,750 | ₹0.46 cr | -₹1.5 cr | -₹1 cr |
| 2,240 | 1,14,750 | 2,77,000 | +69,500 | +2,27,000 | ₹1.4 cr | -₹3.4 cr | -₹2 cr |
| 2,260 | 1,45,750 | 1,56,000 | +1,10,500 | +1,03,250 | ₹1.9 cr | -₹2.1 cr | -₹0.14 cr |
| 2,280 | 1,13,500 | 88,000 | +61,000 | +31,000 | ₹1.5 cr | -₹1.2 cr | ₹0.35 cr |
| 2,300 | 6,64,750 | 3,43,500 | +3,46,750 | +65,500 | ₹9.2 cr | -₹4.6 cr | ₹4.6 cr |
| 2,320 | 86,000 | 41,500 | +49,000 | +20,000 | ₹1.2 cr | -₹0.57 cr | ₹0.62 cr |
| 2,340 | 1,23,000 | 24,500 | +68,000 | +9,000 | ₹1.7 cr | -₹0.33 cr | ₹1.3 cr |
| 2,360 | 96,250 | 34,750 | +63,750 | +3,250 | ₹1.2 cr | -₹0.44 cr | ₹0.79 cr |
| 2,380 | 94,750 | 9,500 | +31,750 | +500 | ₹1.2 cr | -₹0.12 cr | ₹1.1 cr |
| 2,400 | 5,61,250 | 69,000 | +1,77,250 | +250 | ₹6.2 cr | -₹0.78 cr | ₹5.4 cr |

## Recent sessions

| Date | Close | Call wall | Put wall | Gamma flip | Max pain | PCR |
| --- | --- | --- | --- | --- | --- | --- |
| 29 Oct 2026 | 2,301.48 | 2,300 | 2,200 | 2,260 | 2,300 | 0.90 |
| 28 Oct 2026 | 2,284.6 | 2,300 | 2,300 | 2,252 | 2,300 | 0.86 |
| 27 Oct 2026 | 2,277.2 | 2,400 | 2,300 | 2,289 | 2,320 | 1.01 |
| 26 Oct 2026 | 2,322.01 | 2,400 | 2,300 | 2,320 | 2,360 | 0.60 |
| 23 Oct 2026 | 2,306.99 | 2,300 | 2,300 | 2,313 | 2,360 | 0.57 |
| 22 Oct 2026 | 2,286.69 | 2,400 | 2,300 | 2,296 | 2,360 | 0.55 |
| 21 Oct 2026 | 2,319.48 | 2,400 | 2,300 | 2,320 | 2,380 | 0.55 |
| 19 Oct 2026 | 2,330.67 | 2,400 | 2,300 | 2,310 | 2,380 | 0.53 |
| 16 Oct 2026 | 2,331.91 | 2,400 | 2,300 | 2,293 | 2,380 | 0.51 |
| 15 Oct 2026 | 2,350.11 | 2,400 | 2,300 | 2,294 | 2,380 | 0.51 |
| 14 Oct 2026 | 2,344.7 | 2,400 | 2,300 | 2,296 | 2,400 | 0.52 |
| 13 Oct 2026 | 2,374.51 | 2,400 | 2,300 | 2,316 | 2,400 | 0.54 |
| 12 Oct 2026 | 2,331.01 | 2,400 | 2,300 | 2,296 | 2,400 | 0.52 |
| 9 Oct 2026 | 2,339.11 | 2,400 | 2,300 | 2,284 | 2,400 | 0.51 |
| 8 Oct 2026 | 2,313.19 | 2,400 | 2,300 | 2,265 | 2,400 | 0.50 |
| 7 Oct 2026 | 2,372.1 | 2,400 | 2,300 | 2,304 | 2,400 | 0.52 |
| 6 Oct 2026 | 2,424.19 | 2,400 | 2,400 | 2,331 | 2,400 | 0.58 |

## Method

Implied volatility from settlement prices, carry from put-call parity, risk-free rate 5.5%. 77 contracts used, 0 skipped (no solvable volatility), 0 expiring on the trade date left out. Full method: https://squawkflow.com/india/method