DMART 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.
DMART levels for the session of 9 Oct 2026, from the 8 Oct 2026 close of 3,585.02: call wall 3,700, put wall 3,600, gamma flip 3,514 (the close sat above it), max pain 3,650 for the 27 Oct 2026 expiry, put/call OI ratio 0.68, net GEX ₹5.2 cr per 1% move.
- Close
- 3,585.02
- 8 Oct 2026
- Call wall
- 3,700
- +3.21%
- Put wall
- 3,600
- +0.42%
- Gamma flip
- 3,514
- Max pain
- 3,650
- Tue 27 Oct 2026 expiry
- PCR (OI)
- 0.68
- nearest 0.68
- Net GEX
- ₹5.2 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 -₹70.1 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 |
|---|---|---|---|---|---|---|---|
| 3,450 | 1,800 | 39,900 | 0 | +5,550 | ₹0.03 cr | -₹0.69 cr | -₹0.66 cr |
| 3,500 | 57,150 | 2,20,650 | +2,250 | -61,500 | ₹1.1 cr | -₹4.2 cr | -₹3.1 cr |
| 3,550 | 1,08,000 | 73,050 | -4,950 | -14,100 | ₹2.2 cr | -₹1.5 cr | ₹0.71 cr |
| 3,600 | 3,10,650 | 4,31,700 | +55,800 | -54,000 | ₹6.4 cr | -₹8.8 cr | -₹2.5 cr |
| 3,650 | 1,42,650 | 2,31,150 | +4,950 | -600 | ₹2.8 cr | -₹4.6 cr | -₹1.8 cr |
| 3,700 | 4,29,900 | 2,25,900 | -55,350 | -2,250 | ₹7.8 cr | -₹4.1 cr | ₹3.7 cr |
| 3,750 | 90,300 | 12,000 | +8,100 | -750 | ₹1.5 cr | -₹0.19 cr | ₹1.3 cr |
Strike by expiry heatmap
| Strike | Tue 27 Oct 2026 | Mon 23 Nov 2026 |
|---|---|---|
| 3,850 | ₹0.62 | |
| 3,800 | ₹4.7 | ₹0.27 |
| 3,750 | ₹1.3 | |
| 3,700 | ₹3.4 | ₹0.24 |
| 3,650 | -₹1.8 | |
| 3,600 | -₹2.3 | -₹0.13 |
| 3,550 | ₹0.71 | |
| 3,500 | -₹3 | -₹0.06 |
| 3,450 | -₹0.66 | |
| 3,400 | -₹2.4 | -₹0.16 |
| 3,350 | -₹0.37 | |
| 3,300 | -₹0.53 |
Expiries
| Expiry | Days | Lot size | Call OI | Put OI | PCR | Max pain |
|---|---|---|---|---|---|---|
| Tue 27 Oct 2026 | 19 | 150 | 28,27,500 | 19,27,800 | 0.68 | 3,650 |
| Mon 23 Nov 2026 | 46 | 150 | 1,35,000 | 78,600 | 0.58 | 3,700 |
| Tue 29 Dec 2026 | 82 | 150 | 0 | 600 | n/a | 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 | 3,585.02 | 3,700 | 3,600 | 3,514 | 3,650 | 0.68 | +39,600 | -1,29,000 |
| 7 Oct 2026 | 3,635.96 | 3,700 | 3,600 | 3,558 | 3,650 | 0.73 | -2,29,800 | +4,800 |
| 6 Oct 2026 | 3,581.78 | 3,700 | 3,600 | 3,480 | 3,650 | 0.68 | +51,750 | -19,950 |
Method
Implied volatility from settlement prices, carry from put-call parity, risk-free rate 5.5%. 93 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.