INFY 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.
INFY levels for the session of 9 Oct 2026, from the 8 Oct 2026 close of 996.42: call wall 1,040, put wall 1,000, gamma flip 955 (the close sat above it), max pain 1,020 for the 27 Oct 2026 expiry, put/call OI ratio 0.76, net GEX ₹21.9 cr per 1% move.
- Close
- 996.42
- 8 Oct 2026
- Call wall
- 1,040
- +4.37%
- Put wall
- 1,000
- +0.36%
- Gamma flip
- 955
- Max pain
- 1,020
- Tue 27 Oct 2026 expiry
- PCR (OI)
- 0.76
- nearest 0.76
- Net GEX
- ₹21.9 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 -₹166 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 |
|---|---|---|---|---|---|---|---|
| 960 | 4,38,800 | 22,45,600 | +26,800 | +28,000 | ₹1.7 cr | -₹8.7 cr | -₹6.9 cr |
| 980 | 5,98,400 | 16,69,600 | +12,400 | +2,14,000 | ₹2.6 cr | -₹7.3 cr | -₹4.7 cr |
| 1,000 | 37,84,000 | 35,93,600 | -70,000 | -1,73,600 | ₹17.1 cr | -₹16.1 cr | ₹1 cr |
| 1,020 | 37,65,600 | 21,92,400 | +3,78,800 | -2,06,800 | ₹16.9 cr | -₹9.9 cr | ₹7 cr |
| 1,040 | 41,52,000 | 17,70,400 | -1,48,000 | -1,54,000 | ₹17.8 cr | -₹7.6 cr | ₹10.2 cr |
Strike by expiry heatmap
| Strike | Tue 27 Oct 2026 | Mon 23 Nov 2026 |
|---|---|---|
| 1,060 | ₹8 | ₹0.16 |
| 1,040 | ₹10 | ₹0.18 |
| 1,020 | ₹6.7 | ₹0.28 |
| 1,000 | ₹1.2 | -₹0.22 |
| 980 | -₹4.6 | |
| 960 | -₹6.5 | -₹0.46 |
| 940 | -₹3.4 | |
| 920 | -₹3.6 | -₹0.3 |
Expiries
| Expiry | Days | Lot size | Call OI | Put OI | PCR | Max pain |
|---|---|---|---|---|---|---|
| Tue 27 Oct 2026 | 19 | 400 | 2,73,79,600 | 2,08,40,400 | 0.76 | 1,020 |
| Mon 23 Nov 2026 | 46 | 400 | 16,32,800 | 10,83,200 | 0.66 | 1,000 |
| Tue 29 Dec 2026 | 82 | 400 | 71,600 | 1,37,600 | 1.92 | 1,000 |
Wall migration
| Date | Close | Call wall | Put wall | Gamma flip | Max pain | PCR | Call OI chg | Put OI chg |
|---|---|---|---|---|---|---|---|---|
| 8 Oct 2026 | 996.42 | 1,040 | 1,000 | 955 | 1,020 | 0.76 | -1,38,000 | -5,25,200 |
| 7 Oct 2026 | 992 | 1,040 | 1,000 | 959 | 1,020 | 0.77 | +25,26,400 | +9,01,600 |
| 6 Oct 2026 | 1,013.85 | 1,040 | 1,000 | 972 | 1,020 | 0.81 | +7,60,800 | +9,90,800 |
Method
Implied volatility from settlement prices, carry from put-call parity, risk-free rate 5.5%. 82 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.