BAJFINANCE gamma exposure, walls and max pain for 9 Oct 2026
Source: NSE end-of-day data, 8 Oct 2026. End of day, not live. Not investment advice.
BAJFINANCE levels for the session of 9 Oct 2026, from the 8 Oct 2026 close of 955.94: call wall 1,000, put wall 940, gamma flip 939 (the close sat above it), max pain 980 for the 27 Oct 2026 expiry, put/call OI ratio 0.80, net GEX ₹8.8 cr per 1% move.
- Close
- 955.94
- 8 Oct 2026
- Call wall
- 1,000
- +4.61%
- Put wall
- 940
- -1.67%
- Gamma flip
- 939
- Max pain
- 980
- Tue 27 Oct 2026 expiry
- PCR (OI)
- 0.80
- nearest 0.80
- Net GEX
- ₹8.8 cr
- per 1% move
Sign convention on screen: Dealers long calls, short puts. Under the other reading (option writers short every option), net GEX is -₹126 cr per 1% move and there is no gamma flip. Why both are shown.
Gamma exposure by strike
Open interest and OI change by strike
| Strike | Call OI | Put OI | Call OI chg | Put OI chg | Call GEX | Put GEX | Net GEX |
|---|---|---|---|---|---|---|---|
| 910 | 14,250 | 1,68,750 | 0 | +39,750 | ₹0.06 cr | -₹0.68 cr | -₹0.62 cr |
| 920 | 69,000 | 3,78,000 | +6,750 | -16,500 | ₹0.31 cr | -₹1.7 cr | -₹1.3 cr |
| 930 | 1,79,250 | 4,46,250 | +6,750 | +55,500 | ₹0.87 cr | -₹2.2 cr | -₹1.3 cr |
| 940 | 3,60,000 | 22,67,250 | +57,750 | +75,000 | ₹1.9 cr | -₹11.7 cr | -₹9.8 cr |
| 950 | 5,35,500 | 7,71,750 | +28,500 | +1,17,750 | ₹2.9 cr | -₹4.2 cr | -₹1.3 cr |
| 960 | 9,30,750 | 8,92,500 | +2,79,750 | -43,500 | ₹5.1 cr | -₹4.8 cr | ₹0.21 cr |
| 970 | 11,73,750 | 12,23,250 | +1,13,250 | -10,500 | ₹6.3 cr | -₹6.6 cr | -₹0.27 cr |
| 980 | 13,80,750 | 10,65,750 | +58,500 | +59,250 | ₹7.2 cr | -₹5.5 cr | ₹1.7 cr |
| 990 | 13,08,000 | 6,63,000 | -4,29,000 | +19,500 | ₹6.5 cr | -₹3.3 cr | ₹3.2 cr |
| 1,000 | 34,80,000 | 12,17,250 | +3,48,750 | -750 | ₹15.8 cr | -₹5.5 cr | ₹10.3 cr |
Strike by expiry heatmap
| Strike | Tue 27 Oct 2026 | Mon 23 Nov 2026 |
|---|---|---|
| 1,030 | ₹1.9 | |
| 1,020 | ₹2.4 | ₹0.14 |
| 1,010 | ₹1.5 | ₹0.08 |
| 1,000 | ₹10 | ₹0.3 |
| 990 | ₹3.2 | |
| 980 | ₹1.7 | -₹0.05 |
| 970 | -₹0.28 | |
| 960 | ₹0.23 | |
| 950 | -₹1.3 | |
| 940 | -₹9.7 | -₹0.08 |
| 930 | -₹1.3 | |
| 920 | -₹1.3 | -₹0.08 |
| 910 | -₹0.62 | |
| 900 | -₹2.6 | -₹0.41 |
| 890 | -₹0.48 | |
| 880 | -₹0.67 |
Expiries
| Expiry | Days | Lot size | Call OI | Put OI | PCR | Max pain |
|---|---|---|---|---|---|---|
| Tue 27 Oct 2026 | 19 | 750 | 1,77,59,250 | 1,42,57,500 | 0.80 | 980 |
| Mon 23 Nov 2026 | 46 | 750 | 8,58,750 | 6,87,750 | 0.80 | 1,050 |
| Tue 29 Dec 2026 | 82 | 750 | 750 | 23,250 | 31.00 | 940 |
Wall migration
| Date | Close | Call wall | Put wall | Gamma flip | Max pain | PCR | Call OI chg | Put OI chg |
|---|---|---|---|---|---|---|---|---|
| 8 Oct 2026 | 955.94 | 1,000 | 940 | 939 | 980 | 0.80 | +4,77,000 | +6,92,250 |
| 7 Oct 2026 | 963.86 | 1,000 | 940 | 935 | 990 | 0.79 | -3,46,500 | +4,66,500 |
| 6 Oct 2026 | 963.09 | 1,000 | 940 | 931 | 990 | 0.75 | +11,28,000 | +4,29,750 |
Method
Implied volatility from settlement prices, carry from put-call parity, risk-free rate 5.5%. 113 contracts used, 2 skipped with no solvable volatility, 0 expiring on the trade date left out. GEX is in ₹ crore per 1% move. Full method and sign convention.
Archive: 3 sessions stored since 6 Oct 2026, free, no account.