# INFY gamma exposure, walls and max pain

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

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.

## Levels for the next session

| Level | Value |
| --- | --- |
| Close | 996.42 (8 Oct 2026) |
| Call wall | 1,040 |
| Put wall | 1,000 |
| Gamma flip | 955 |
| Net GEX, Dealers long calls, short puts | ₹21.9 cr per 1% move |
| Net GEX, Option writers short every option | -₹166 cr per 1% move |
| Max pain, 27 Oct 2026 expiry | 1,020 |
| PCR (OI), all expiries | 0.76 |
| PCR (OI), nearest expiry | 0.76 |
| Lot size (nearest expiry) | 400 |

## Expiries

| Expiry | Days | Lot | 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 |

## 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 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 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 |

## Recent sessions

| Date | Close | Call wall | Put wall | Gamma flip | Max pain | PCR |
| --- | --- | --- | --- | --- | --- | --- |
| 8 Oct 2026 | 996.42 | 1,040 | 1,000 | 955 | 1,020 | 0.76 |
| 7 Oct 2026 | 992 | 1,040 | 1,000 | 959 | 1,020 | 0.77 |
| 6 Oct 2026 | 1,013.85 | 1,040 | 1,000 | 972 | 1,020 | 0.81 |

## Method

Implied volatility from settlement prices, carry from put-call parity, risk-free rate 5.5%. 82 contracts used, 0 skipped (no solvable volatility), 0 expiring on the trade date left out. Full method: https://squawkflow.com/india/method