# POWERINDIA gamma exposure, walls and max pain

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

POWERINDIA levels for the session of 16 Oct 2026, from the 15 Oct 2026 close of 28,767.05: call wall 30,000, put wall 29,000, gamma flip 27,575 (the close sat above it), max pain 30,000 for the 27 Oct 2026 expiry, put/call OI ratio 0.54, net GEX ₹16.9 cr per 1% move. The POWERINDIA gamma exposure by strike chart, the strike by expiry heatmap and the wall migration across archived sessions are at https://squawkflow.com/india/stocks/powerindia, updated after each NSE end-of-day file.

Source: NSE end-of-day data, 15 Oct 2026. End of day, not live. Not investment advice.

## Levels for the next session

| Level | Value |
| --- | --- |
| Close | 28,767.05 (15 Oct 2026) |
| Call wall | 30,000 |
| Put wall | 29,000 |
| Gamma flip | 27,575 |
| Net GEX, Dealers long calls, short puts | ₹16.9 cr per 1% move |
| Net GEX, Option writers short every option | -₹92.6 cr per 1% move |
| Max pain, 27 Oct 2026 expiry | 30,000 |
| PCR (OI), all expiries | 0.54 |
| PCR (OI), nearest expiry | 0.51 |
| Lot size (nearest expiry) | 25 |

## Expiries

| Expiry | Days | Lot | Call OI | Put OI | PCR | Max pain |
| --- | --- | --- | --- | --- | --- | --- |
| Tue 27 Oct 2026 | 12 | 25 | 5,82,625 | 2,95,100 | 0.51 | 30,000 |
| Mon 23 Nov 2026 | 39 | 25 | 16,100 | 27,300 | 1.70 | 30,000 |
| Tue 29 Dec 2026 | 75 | 25 | 50 | 400 | 8.00 | 29,000 |

## 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 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 27,500 | 75 | 3,200 | 0 | +3,200 | ₹0.01 cr | -₹0.38 cr | -₹0.37 cr |
| 28,000 | 3,500 | 45,650 | +3,400 | +21,025 | ₹0.51 cr | -₹6.4 cr | -₹5.9 cr |
| 28,500 | 13,750 | 14,025 | +13,750 | +8,775 | ₹2.3 cr | -₹2.3 cr | -₹0.05 cr |
| 29,000 | 39,850 | 50,300 | +37,700 | +10,875 | ₹6.9 cr | -₹8.6 cr | -₹1.7 cr |
| 29,500 | 28,525 | 14,075 | +25,250 | +3,050 | ₹4.8 cr | -₹2.4 cr | ₹2.4 cr |
| 30,000 | 77,025 | 34,475 | +41,725 | +150 | ₹11.5 cr | -₹5.1 cr | ₹6.4 cr |

## Recent sessions

| Date | Close | Call wall | Put wall | Gamma flip | Max pain | PCR |
| --- | --- | --- | --- | --- | --- | --- |
| 15 Oct 2026 | 28,767.05 | 30,000 | 29,000 | 27,575 | 30,000 | 0.54 |
| 14 Oct 2026 | 30,389.84 | 32,000 | 31,000 | 29,279 | 31,000 | 0.65 |
| 13 Oct 2026 | 30,249 | 32,000 | 30,000 | 29,400 | 31,000 | 0.69 |
| 12 Oct 2026 | 31,288.89 | 32,000 | 31,000 | 30,733 | 31,500 | 0.89 |
| 9 Oct 2026 | 30,605.69 | 32,000 | 30,000 | 30,479 | 31,000 | 0.89 |
| 8 Oct 2026 | 30,935.01 | 32,000 | 31,000 | 30,900 | 31,500 | 0.93 |
| 7 Oct 2026 | 31,606.77 | 32,000 | 31,000 | 31,374 | 31,500 | 1.02 |
| 6 Oct 2026 | 31,641.09 | 32,000 | 31,000 | 31,619 | 31,500 | 1.10 |

## Method

Implied volatility from settlement prices, carry from put-call parity, risk-free rate 5.5%. 77 contracts used, 0 skipped (no solvable volatility), 0 expiring on the trade date left out. Full method: https://squawkflow.com/india/method