DIVISLAB 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.
DIVISLAB levels for the session of 9 Oct 2026, from the 8 Oct 2026 close of 9,361.05: call wall 9,500, put wall 9,500, gamma flip 8,907 (the close sat above it), max pain 9,500 for the 27 Oct 2026 expiry, put/call OI ratio 0.58, net GEX ₹37.6 cr per 1% move.
- Close
- 9,361.05
- 8 Oct 2026
- Call wall
- 9,500
- +1.48%
- Put wall
- 9,500
- +1.48%
- Gamma flip
- 8,907
- Max pain
- 9,500
- Tue 27 Oct 2026 expiry
- PCR (OI)
- 0.58
- nearest 0.61
- Net GEX
- ₹37.6 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 -₹125 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 |
|---|---|---|---|---|---|---|---|
| 8,900 | 1,200 | 33,700 | 0 | -1,600 | ₹0.05 cr | -₹1.3 cr | -₹1.3 cr |
| 9,000 | 44,300 | 1,10,600 | -3,500 | -14,200 | ₹2 cr | -₹5 cr | -₹3 cr |
| 9,100 | 16,700 | 39,100 | +900 | -7,900 | ₹0.88 cr | -₹2.1 cr | -₹1.2 cr |
| 9,200 | 74,200 | 64,200 | -300 | -9,100 | ₹3.6 cr | -₹3.6 cr | -₹0.03 cr |
| 9,300 | 42,200 | 60,800 | -2,500 | -15,100 | ₹2.6 cr | -₹3.7 cr | -₹1.1 cr |
| 9,400 | 68,500 | 51,700 | +6,100 | -21,200 | ₹4.2 cr | -₹3.2 cr | ₹0.99 cr |
| 9,500 | 3,13,300 | 1,23,700 | +39,000 | -28,100 | ₹19.3 cr | -₹7.6 cr | ₹11.7 cr |
| 9,600 | 1,87,000 | 1,02,500 | +11,800 | -13,500 | ₹10.7 cr | -₹6.1 cr | ₹4.6 cr |
| 9,700 | 83,300 | 38,500 | +6,800 | -11,000 | ₹4.6 cr | -₹2.1 cr | ₹2.5 cr |
| 9,800 | 1,42,300 | 18,900 | +5,000 | -4,200 | ₹6.9 cr | -₹0.94 cr | ₹6 cr |
Strike by expiry heatmap
| Strike | Tue 27 Oct 2026 | Mon 23 Nov 2026 |
|---|---|---|
| 10,100 | ₹1.7 | |
| 10,000 | ₹12.5 | ₹1.2 |
| 9,900 | ₹2.1 | |
| 9,800 | ₹5.9 | ₹0.08 |
| 9,700 | ₹2.4 | |
| 9,600 | ₹4.1 | ₹0.48 |
| 9,500 | ₹11.5 | ₹0.2 |
| 9,400 | ₹0.94 | |
| 9,300 | -₹1.1 | |
| 9,200 | -₹1.1 | ₹1 |
| 9,100 | -₹1.2 | |
| 9,000 | -₹2.7 | -₹0.29 |
| 8,900 | -₹1.3 | |
| 8,800 | -₹1.1 | |
| 8,700 | -₹0.68 | -₹0.05 |
Expiries
| Expiry | Days | Lot size | Call OI | Put OI | PCR | Max pain |
|---|---|---|---|---|---|---|
| Tue 27 Oct 2026 | 19 | 100 | 17,48,600 | 10,75,200 | 0.61 | 9,500 |
| Mon 23 Nov 2026 | 46 | 100 | 1,23,000 | 20,900 | 0.17 | 9,200 |
| Tue 29 Dec 2026 | 82 | 100 | 5,600 | 0 | 0.00 | no open interest yet |
Wall migration
| Date | Close | Call wall | Put wall | Gamma flip | Max pain | PCR | Call OI chg | Put OI chg |
|---|---|---|---|---|---|---|---|---|
| 8 Oct 2026 | 9,361.05 | 9,500 | 9,500 | 8,907 | 9,500 | 0.58 | +64,100 | -1,29,100 |
| 7 Oct 2026 | 9,587.96 | 10,000 | 9,500 | 9,028 | 9,500 | 0.68 | +1,06,200 | +68,400 |
| 6 Oct 2026 | 9,549.95 | 10,000 | 9,500 | 8,970 | 9,500 | 0.68 | -20,400 | +1,34,500 |
Method
Implied volatility from settlement prices, carry from put-call parity, risk-free rate 5.5%. 100 contracts used, 0 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.