TITAN 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.
TITAN levels for the session of 9 Oct 2026, from the 8 Oct 2026 close of 4,360.35: call wall 4,500, put wall 4,300, gamma flip 4,265 (the close sat above it), max pain 4,500 for the 27 Oct 2026 expiry, put/call OI ratio 0.59, net GEX ₹26.2 cr per 1% move.
- Close
- 4,360.35
- 8 Oct 2026
- Call wall
- 4,500
- +3.20%
- Put wall
- 4,300
- -1.38%
- Gamma flip
- 4,265
- Max pain
- 4,500
- Tue 27 Oct 2026 expiry
- PCR (OI)
- 0.59
- nearest 0.57
- Net GEX
- ₹26.2 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 -₹171 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 |
|---|---|---|---|---|---|---|---|
| 4,150 | 6,475 | 1,03,075 | +1,400 | -11,375 | ₹0.12 cr | -₹1.9 cr | -₹1.7 cr |
| 4,200 | 18,200 | 2,66,175 | +1,050 | +21,350 | ₹0.42 cr | -₹5.8 cr | -₹5.4 cr |
| 4,250 | 0 | 63,175 | 0 | -35,525 | ₹0 cr | -₹1.8 cr | -₹1.8 cr |
| 4,300 | 1,22,850 | 4,52,375 | -7,350 | -1,00,800 | ₹4.1 cr | -₹15 cr | -₹10.9 cr |
| 4,350 | 1,11,825 | 2,53,225 | -55,825 | -29,400 | ₹4.1 cr | -₹9.2 cr | -₹5.2 cr |
| 4,400 | 4,69,175 | 3,86,925 | -2,02,300 | -40,250 | ₹17.5 cr | -₹14.3 cr | ₹3.3 cr |
| 4,450 | 2,17,175 | 83,825 | -32,025 | +7,875 | ₹7.8 cr | -₹3 cr | ₹4.8 cr |
| 4,500 | 5,96,750 | 1,84,625 | -1,08,675 | +10,675 | ₹19.3 cr | -₹6 cr | ₹13.3 cr |
| 4,550 | 1,83,575 | 57,050 | -8,050 | -6,300 | ₹5.1 cr | -₹1.6 cr | ₹3.5 cr |
Strike by expiry heatmap
| Strike | Tue 27 Oct 2026 | Mon 23 Nov 2026 |
|---|---|---|
| 4,700 | ₹4.9 | |
| 4,650 | ₹4.8 | |
| 4,600 | ₹9.9 | |
| 4,550 | ₹3.5 | |
| 4,500 | ₹13.2 | ₹0.1 |
| 4,450 | ₹4.9 | |
| 4,400 | ₹3.4 | -₹0.13 |
| 4,350 | -₹5.1 | |
| 4,300 | -₹10.8 | -₹0.13 |
| 4,250 | -₹1.8 | |
| 4,200 | -₹4.6 | -₹0.87 |
| 4,150 | -₹1.7 | |
| 4,100 | -₹1.4 | -₹0.06 |
| 4,050 | -₹0.19 |
Expiries
| Expiry | Days | Lot size | Call OI | Put OI | PCR | Max pain |
|---|---|---|---|---|---|---|
| Tue 27 Oct 2026 | 19 | 175 | 53,83,350 | 30,79,650 | 0.57 | 4,500 |
| Mon 23 Nov 2026 | 46 | 175 | 1,04,300 | 1,34,925 | 1.29 | 4,400 |
| Tue 29 Dec 2026 | 82 | 175 | 1,050 | 5,425 | 5.17 | 4,400 |
Wall migration
| Date | Close | Call wall | Put wall | Gamma flip | Max pain | PCR | Call OI chg | Put OI chg |
|---|---|---|---|---|---|---|---|---|
| 8 Oct 2026 | 4,360.35 | 4,500 | 4,300 | 4,265 | 4,500 | 0.59 | -6,08,650 | -3,19,725 |
| 7 Oct 2026 | 4,377.03 | 4,400 | 4,300 | 4,265 | 4,450 | 0.58 | +27,95,100 | +10,95,325 |
| 6 Oct 2026 | 4,549.95 | 4,600 | 4,500 | 4,449 | 4,650 | 0.74 | +3,86,050 | +1,21,625 |
Method
Implied volatility from settlement prices, carry from put-call parity, risk-free rate 5.5%. 120 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.