# SHRIRAMFIN gamma exposure, walls and max pain

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

SHRIRAMFIN closed at ₹824.94 on 26 Oct 2026. Levels for the session of 27 Oct 2026 from that close: call wall ₹840, put wall ₹820, gamma flip ₹814 (the close sat above it), max pain ₹920 for the 27 Oct 2026 expiry. Call open interest exceeded put open interest: 1,75,88,175 call units and 98,94,225 put units. Calls added 10,05,675 units; puts added 3,69,600 units against the prior file. The SHRIRAMFIN gamma exposure by strike chart, the strike by expiry heatmap and the wall migration across archived sessions are at https://squawkflow.com/india/stocks/shriramfin, updated after each end-of-day exchange file.

Source: public end-of-day exchange data, 26 Oct 2026. End of day, not live. Not investment advice.

## SHRIRAMFIN: what changed in the exchange file

SHRIRAMFIN's 27 Oct 2026 max pain was ₹920, above the close by 11.52%. This is an open-interest payout minimum, not a price target.

The largest absolute call OI change in SHRIRAMFIN's stored strike aggregation was at ₹840: +10,69,200 units, an addition.

The largest absolute put OI change in SHRIRAMFIN's stored strike aggregation was at ₹800: +6,74,850 units, an addition.

In SHRIRAMFIN's stored 23 Oct 2026 row, the close was ₹865, call OI 1,65,82,500 and put OI 95,24,625.

For SHRIRAMFIN's 27 Oct 2026 future, the closing price fell (-4.37%) and open interest decreased (-60.43%) on 26 Oct 2026. Futures and option units are separate series.

Computed from the 26 Oct 2026 close. Next update after the 27 Oct 2026 close, checked hourly from 18:10 to 21:10 IST that day.

## Levels for the next session

| Level | Value |
| --- | --- |
| Close | 824.94 (26 Oct 2026) |
| Call wall | 840 |
| Put wall | 820 |
| Gamma flip | 814 |
| Net GEX, Dealers long calls, short puts | ₹5.9 cr per 1% move |
| Net GEX, Option writers short every option | -₹53.1 cr per 1% move |
| Max pain, 27 Oct 2026 expiry | 920 |
| PCR (OI), all expiries | 0.56 |
| PCR (OI), nearest expiry | 0.58 |
| Lot size (nearest expiry) | 825 |

## Expiries

| Expiry | Days | Lot | Call OI | Put OI | PCR | Max pain |
| --- | --- | --- | --- | --- | --- | --- |
| Tue 27 Oct 2026 | 1 | 825 | 92,76,300 | 53,54,250 | 0.58 | 920 |
| Mon 23 Nov 2026 | 28 | 825 | 83,04,450 | 45,28,425 | 0.55 | 860 |
| Tue 29 Dec 2026 | 64 | 825 | 7,425 | 11,550 | 1.56 | 960 |

## 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 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 800 | 2,45,850 | 12,65,550 | +1,88,100 | +6,74,850 | ₹0.77 cr | -₹5.6 cr | -₹4.8 cr |
| 820 | 5,47,800 | 10,91,475 | +5,23,050 | +6,23,700 | ₹2.9 cr | -₹6.5 cr | -₹3.6 cr |
| 840 | 12,72,150 | 5,76,675 | +10,69,200 | -39,600 | ₹7.9 cr | -₹2.7 cr | ₹5.2 cr |
| 860 | 11,09,625 | 3,94,350 | +6,24,525 | -1,02,300 | ₹4.3 cr | -₹1.5 cr | ₹2.7 cr |

## Recent sessions

| Date | Close | Call wall | Put wall | Gamma flip | Max pain | PCR |
| --- | --- | --- | --- | --- | --- | --- |
| 26 Oct 2026 | 824.94 | 840 | 820 | 814 | 920 | 0.56 |
| 23 Oct 2026 | 865 | 900 | 880 | 835 | 920 | 0.57 |
| 22 Oct 2026 | 900.9 | 960 | 920 | 876 | 940 | 0.59 |
| 21 Oct 2026 | 904.96 | 960 | 920 | 881 | 960 | 0.57 |
| 19 Oct 2026 | 926.5 | 960 | 940 | 887 | 960 | 0.57 |
| 16 Oct 2026 | 939.95 | 980 | 940 | 889 | 960 | 0.57 |
| 15 Oct 2026 | 943.81 | 980 | 940 | 891 | 960 | 0.60 |
| 14 Oct 2026 | 950 | 980 | 940 | 893 | 960 | 0.59 |
| 13 Oct 2026 | 988 | 1,000 | 980 | 917 | 980 | 0.70 |
| 12 Oct 2026 | 929.39 | 1,000 | 940 | 917 | 960 | 0.74 |
| 9 Oct 2026 | 940.45 | 1,000 | 940 | 922 | 960 | 0.76 |
| 8 Oct 2026 | 917.25 | 1,000 | 940 | 901 | 980 | 0.72 |
| 7 Oct 2026 | 948 | 1,000 | 940 | 910 | 980 | 0.67 |
| 6 Oct 2026 | 965.1 | 1,000 | 980 | 925 | 980 | 0.74 |

## Method

Implied volatility from settlement prices, carry from put-call parity, risk-free rate 5.5%. 97 contracts used, 1 skipped (no solvable volatility), 0 expiring on the trade date left out. Full method: https://squawkflow.com/india/method