MARUTI 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.
MARUTI levels for the session of 9 Oct 2026, from the 8 Oct 2026 close of 11,226.88: call wall 12,000, put wall 11,500, gamma flip 10,938 (the close sat above it), max pain 11,700 for the 27 Oct 2026 expiry, put/call OI ratio 0.49, net GEX ₹27.8 cr per 1% move.
- Close
- 11,226.88
- 8 Oct 2026
- Call wall
- 12,000
- +6.89%
- Put wall
- 11,500
- +2.43%
- Gamma flip
- 10,938
- Max pain
- 11,700
- Tue 27 Oct 2026 expiry
- PCR (OI)
- 0.49
- nearest 0.49
- Net GEX
- ₹27.8 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 -₹157 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 |
|---|---|---|---|---|---|---|---|
| 10,700 | 0 | 21,500 | 0 | -1,900 | ₹0 cr | -₹1.1 cr | -₹1.1 cr |
| 10,800 | 0 | 18,500 | 0 | -1,800 | ₹0 cr | -₹1.1 cr | -₹1.1 cr |
| 10,900 | 100 | 18,950 | 0 | +3,250 | ₹0.01 cr | -₹1.3 cr | -₹1.2 cr |
| 11,000 | 22,200 | 1,59,750 | +4,150 | +850 | ₹1.6 cr | -₹11.3 cr | -₹9.7 cr |
| 11,100 | 6,700 | 16,000 | +5,300 | +200 | ₹0.52 cr | -₹1.2 cr | -₹0.72 cr |
| 11,200 | 24,850 | 25,800 | +15,400 | +1,600 | ₹2 cr | -₹2.1 cr | -₹0.08 cr |
| 11,300 | 46,300 | 31,550 | +23,650 | -6,450 | ₹3.8 cr | -₹2.6 cr | ₹1.2 cr |
| 11,400 | 73,550 | 51,600 | +8,700 | -9,800 | ₹5.8 cr | -₹4.1 cr | ₹1.7 cr |
| 11,500 | 1,64,150 | 1,76,100 | +24,750 | -10,700 | ₹12.4 cr | -₹13.4 cr | -₹0.98 cr |
| 11,600 | 86,600 | 52,250 | -7,000 | -4,200 | ₹6.1 cr | -₹3.7 cr | ₹2.4 cr |
| 11,700 | 98,750 | 16,600 | +6,250 | -700 | ₹6.2 cr | -₹1.1 cr | ₹5.2 cr |
Strike by expiry heatmap
| Strike | Tue 27 Oct 2026 | Mon 23 Nov 2026 |
|---|---|---|
| 12,100 | ₹1.5 | |
| 12,000 | ₹14.2 | ₹0.8 |
| 11,900 | ₹2.1 | ₹0.19 |
| 11,800 | ₹2.9 | |
| 11,700 | ₹5 | ₹0.17 |
| 11,600 | ₹2.4 | |
| 11,500 | -₹1.1 | ₹0.13 |
| 11,400 | ₹1.7 | |
| 11,300 | ₹1.2 | |
| 11,200 | -₹0.08 | |
| 11,100 | -₹0.72 | |
| 11,000 | -₹9.2 | -₹0.5 |
| 10,900 | -₹1.2 | |
| 10,800 | -₹1.1 | |
| 10,700 | -₹1.1 | |
| 10,600 | -₹1.3 | |
| 10,500 | -₹1.6 | |
| 10,400 | -₹3.2 |
Expiries
| Expiry | Days | Lot size | Call OI | Put OI | PCR | Max pain |
|---|---|---|---|---|---|---|
| Tue 27 Oct 2026 | 19 | 50 | 27,02,650 | 13,16,350 | 0.49 | 11,700 |
| Mon 23 Nov 2026 | 46 | 50 | 77,400 | 34,200 | 0.44 | 11,900 |
| Tue 29 Dec 2026 | 82 | 50 | 50 | 150 | 3.00 | 12,000 |
Wall migration
| Date | Close | Call wall | Put wall | Gamma flip | Max pain | PCR | Call OI chg | Put OI chg |
|---|---|---|---|---|---|---|---|---|
| 8 Oct 2026 | 11,226.88 | 12,000 | 11,500 | 10,938 | 11,700 | 0.49 | +1,00,950 | -33,300 |
| 7 Oct 2026 | 11,450.87 | 12,000 | 11,500 | 11,092 | 11,800 | 0.52 | +2,66,800 | +51,600 |
| 6 Oct 2026 | 11,624.88 | 12,000 | 11,500 | 11,215 | 11,900 | 0.55 | -24,250 | -23,150 |
Method
Implied volatility from settlement prices, carry from put-call parity, risk-free rate 5.5%. 156 contracts used, 3 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.