MCX 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.
MCX levels for the session of 9 Oct 2026, from the 8 Oct 2026 close of 3,255.59: call wall 3,300, put wall 3,300, gamma flip 3,058 (the close sat above it), max pain 3,300 for the 27 Oct 2026 expiry, put/call OI ratio 0.63, net GEX ₹17.2 cr per 1% move.
- Close
- 3,255.59
- 8 Oct 2026
- Call wall
- 3,300
- +1.36%
- Put wall
- 3,300
- +1.36%
- Gamma flip
- 3,058
- Max pain
- 3,300
- Tue 27 Oct 2026 expiry
- PCR (OI)
- 0.63
- nearest 0.63
- Net GEX
- ₹17.2 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 -₹82.1 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 |
|---|---|---|---|---|---|---|---|
| 3,100 | 61,200 | 3,61,575 | -2,700 | -18,675 | ₹0.73 cr | -₹4.3 cr | -₹3.6 cr |
| 3,150 | 19,350 | 1,22,175 | +1,350 | -5,400 | ₹0.26 cr | -₹1.6 cr | -₹1.4 cr |
| 3,200 | 3,42,675 | 3,55,725 | -9,675 | -86,400 | ₹4.9 cr | -₹5 cr | -₹0.14 cr |
| 3,250 | 1,14,075 | 1,34,325 | +28,800 | -32,625 | ₹1.7 cr | -₹2 cr | -₹0.29 cr |
| 3,300 | 7,31,475 | 3,68,325 | +2,925 | -1,19,025 | ₹10.6 cr | -₹5.3 cr | ₹5.3 cr |
| 3,350 | 2,88,675 | 1,59,750 | +38,475 | -23,850 | ₹4.1 cr | -₹2.3 cr | ₹1.8 cr |
| 3,400 | 5,32,350 | 2,34,675 | +26,325 | +16,425 | ₹7 cr | -₹3.1 cr | ₹3.9 cr |
Strike by expiry heatmap
| Strike | Tue 27 Oct 2026 | Mon 23 Nov 2026 |
|---|---|---|
| 3,500 | ₹5.4 | ₹0.09 |
| 3,450 | ₹1.4 | |
| 3,400 | ₹3.8 | ₹0.12 |
| 3,350 | ₹1.8 | |
| 3,300 | ₹5.2 | |
| 3,250 | -₹0.29 | |
| 3,200 | -₹0.07 | -₹0.07 |
| 3,150 | -₹1.4 | |
| 3,100 | -₹3.6 | |
| 3,050 | -₹0.55 | |
| 3,000 | -₹2.9 | -₹0.07 |
Expiries
| Expiry | Days | Lot size | Call OI | Put OI | PCR | Max pain |
|---|---|---|---|---|---|---|
| Tue 27 Oct 2026 | 19 | 225 | 45,12,150 | 28,34,100 | 0.63 | 3,300 |
| Mon 23 Nov 2026 | 46 | 225 | 85,500 | 45,900 | 0.54 | 3,300 |
| Tue 29 Dec 2026 | 82 | 225 | 675 | 1,800 | 2.67 | 3,200 |
Wall migration
| Date | Close | Call wall | Put wall | Gamma flip | Max pain | PCR | Call OI chg | Put OI chg |
|---|---|---|---|---|---|---|---|---|
| 8 Oct 2026 | 3,255.59 | 3,300 | 3,300 | 3,058 | 3,300 | 0.63 | +2,48,400 | -2,55,825 |
| 7 Oct 2026 | 3,362.56 | 3,300 | 3,300 | 3,133 | 3,300 | 0.72 | +900 | +1,12,725 |
| 6 Oct 2026 | 3,310.2 | 3,300 | 3,300 | 3,090 | 3,300 | 0.70 | -4,45,050 | -1,14,075 |
Method
Implied volatility from settlement prices, carry from put-call parity, risk-free rate 5.5%. 72 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.