RELIANCE 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.
RELIANCE levels for the session of 9 Oct 2026, from the 8 Oct 2026 close of 1,177.87: call wall 1,200, put wall 1,160, gamma flip 1,159 (the close sat above it), max pain 1,220 for the 27 Oct 2026 expiry, put/call OI ratio 0.70, net GEX ₹60.6 cr per 1% move.
- Close
- 1,177.87
- 8 Oct 2026
- Call wall
- 1,200
- +1.88%
- Put wall
- 1,160
- -1.52%
- Gamma flip
- 1,159
- Max pain
- 1,220
- Tue 27 Oct 2026 expiry
- PCR (OI)
- 0.70
- nearest 0.72
- Net GEX
- ₹60.6 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 -₹757 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 |
|---|---|---|---|---|---|---|---|
| 1,120 | 1,65,000 | 12,72,500 | -4,500 | +37,500 | ₹0.85 cr | -₹6.5 cr | -₹5.6 cr |
| 1,130 | 1,98,500 | 8,31,500 | +15,000 | -40,500 | ₹1.2 cr | -₹5 cr | -₹3.8 cr |
| 1,140 | 2,27,000 | 15,81,500 | -3,500 | +1,500 | ₹1.5 cr | -₹10.9 cr | -₹9.3 cr |
| 1,150 | 7,55,000 | 41,16,000 | +1,18,500 | +91,500 | ₹5.7 cr | -₹31.3 cr | -₹25.6 cr |
| 1,160 | 7,48,500 | 74,87,000 | +37,500 | +23,000 | ₹6.1 cr | -₹62 cr | -₹55.9 cr |
| 1,170 | 9,49,500 | 26,69,500 | +3,67,500 | +4,03,000 | ₹8.2 cr | -₹23 cr | -₹14.7 cr |
| 1,180 | 23,63,000 | 24,50,500 | +11,16,000 | +4,00,000 | ₹20.5 cr | -₹21.4 cr | -₹0.92 cr |
| 1,190 | 19,07,500 | 22,84,500 | +8,54,500 | +5,04,000 | ₹16.6 cr | -₹19.7 cr | -₹3.1 cr |
| 1,200 | 96,18,500 | 58,36,000 | +13,25,500 | -3,67,500 | ₹76.8 cr | -₹46.4 cr | ₹30.4 cr |
| 1,210 | 24,33,000 | 18,96,500 | +2,11,000 | -1,48,500 | ₹19.1 cr | -₹15 cr | ₹4.2 cr |
| 1,220 | 52,24,000 | 24,26,000 | +11,91,000 | -2,00,500 | ₹37.8 cr | -₹17.5 cr | ₹20.2 cr |
| 1,230 | 25,99,500 | 21,82,000 | -23,000 | -48,500 | ₹17 cr | -₹14.3 cr | ₹2.7 cr |
Strike by expiry heatmap
| Strike | Tue 27 Oct 2026 | Mon 23 Nov 2026 |
|---|---|---|
| 1,270 | ₹10 | ₹0.12 |
| 1,260 | ₹10.9 | ₹1 |
| 1,250 | ₹43.3 | ₹4.6 |
| 1,240 | ₹14.3 | ₹0.86 |
| 1,230 | ₹2.4 | ₹0.26 |
| 1,220 | ₹19.9 | ₹0.3 |
| 1,210 | ₹4 | ₹0.15 |
| 1,200 | ₹31.9 | -₹1.5 |
| 1,190 | -₹2.5 | -₹0.58 |
| 1,180 | -₹1.4 | ₹0.47 |
| 1,170 | -₹14.2 | -₹0.5 |
| 1,160 | -₹54.8 | -₹1 |
| 1,150 | -₹24.8 | -₹0.72 |
| 1,140 | -₹9.1 | -₹0.19 |
| 1,130 | -₹3.4 | -₹0.37 |
| 1,120 | -₹5.2 | -₹0.37 |
| 1,110 | -₹1.9 | -₹0.11 |
| 1,100 | -₹6.7 | -₹1.2 |
| 1,090 | -₹0.69 | -₹0.1 |
Expiries
| Expiry | Days | Lot size | Call OI | Put OI | PCR | Max pain |
|---|---|---|---|---|---|---|
| Tue 27 Oct 2026 | 19 | 500 | 7,91,39,000 | 5,71,66,000 | 0.72 | 1,220 |
| Mon 23 Nov 2026 | 46 | 500 | 74,36,000 | 36,36,500 | 0.49 | 1,220 |
| Tue 29 Dec 2026 | 82 | 500 | 6,39,500 | 1,37,000 | 0.21 | 1,200 |
Wall migration
| Date | Close | Call wall | Put wall | Gamma flip | Max pain | PCR | Call OI chg | Put OI chg |
|---|---|---|---|---|---|---|---|---|
| 8 Oct 2026 | 1,177.87 | 1,200 | 1,160 | 1,159 | 1,220 | 0.70 | +64,40,500 | +13,25,500 |
| 7 Oct 2026 | 1,207.69 | 1,250 | 1,200 | 1,174 | 1,230 | 0.74 | +1,06,19,000 | +95,28,000 |
| 6 Oct 2026 | 1,218 | 1,200 | 1,200 | 1,162 | 1,230 | 0.71 | -14,45,500 | -7,68,500 |
Method
Implied volatility from settlement prices, carry from put-call parity, risk-free rate 5.5%. 173 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.