# BSE gamma exposure, walls and max pain

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

Source: NSE end-of-day data, 8 Oct 2026. End of day, not live. Not investment advice.

BSE levels for the session of 9 Oct 2026, from the 8 Oct 2026 close of 3,334.8: call wall 3,300, put wall 3,200, gamma flip 3,057 (the close sat above it), max pain 3,200 for the 27 Oct 2026 expiry, put/call OI ratio 0.70, net GEX ₹46.6 cr per 1% move.

## Levels for the next session

| Level | Value |
| --- | --- |
| Close | 3,334.8 (8 Oct 2026) |
| Call wall | 3,300 |
| Put wall | 3,200 |
| Gamma flip | 3,057 |
| Net GEX, Dealers long calls, short puts | ₹46.6 cr per 1% move |
| Net GEX, Option writers short every option | -₹176 cr per 1% move |
| Max pain, 27 Oct 2026 expiry | 3,200 |
| PCR (OI), all expiries | 0.70 |
| PCR (OI), nearest expiry | 0.70 |
| Lot size (nearest expiry) | 200 |

## Expiries

| Expiry | Days | Lot | Call OI | Put OI | PCR | Max pain |
| --- | --- | --- | --- | --- | --- | --- |
| Tue 27 Oct 2026 | 19 | 200 | 94,83,800 | 66,06,200 | 0.70 | 3,200 |
| Mon 23 Nov 2026 | 46 | 200 | 2,95,800 | 2,12,400 | 0.72 | 3,300 |
| Tue 29 Dec 2026 | 82 | 200 | 1,000 | 0 | 0.00 | 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 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 3,200 | 8,00,000 | 9,31,800 | -14,400 | +24,400 | ₹10.4 cr | -₹12.1 cr | -₹1.7 cr |
| 3,250 | 79,800 | 2,10,600 | -13,600 | -25,000 | ₹1.2 cr | -₹3 cr | -₹1.9 cr |
| 3,300 | 11,92,000 | 6,57,400 | +41,000 | -45,400 | ₹18.1 cr | -₹10 cr | ₹8.2 cr |
| 3,350 | 4,00,800 | 2,24,200 | +81,000 | +53,200 | ₹6.2 cr | -₹3.5 cr | ₹2.7 cr |
| 3,400 | 11,68,800 | 4,48,200 | +3,26,400 | +10,800 | ₹17.4 cr | -₹6.6 cr | ₹10.7 cr |
| 3,450 | 1,29,200 | 19,200 | +43,400 | +5,800 | ₹1.9 cr | -₹0.28 cr | ₹1.6 cr |
| 3,500 | 13,50,400 | 2,18,400 | +3,41,600 | -18,600 | ₹18 cr | -₹2.9 cr | ₹15.1 cr |

## Recent sessions

| Date | Close | Call wall | Put wall | Gamma flip | Max pain | PCR |
| --- | --- | --- | --- | --- | --- | --- |
| 8 Oct 2026 | 3,334.8 | 3,300 | 3,200 | 3,057 | 3,200 | 0.70 |
| 7 Oct 2026 | 3,356 | 3,300 | 3,200 | 3,097 | 3,200 | 0.78 |
| 6 Oct 2026 | 3,305 | 3,300 | 3,200 | 3,090 | 3,200 | 0.87 |

## Method

Implied volatility from settlement prices, carry from put-call parity, risk-free rate 5.5%. 84 contracts used, 0 skipped (no solvable volatility), 0 expiring on the trade date left out. Full method: https://squawkflow.com/india/method