TMPV 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.
TMPV levels for the session of 9 Oct 2026, from the 8 Oct 2026 close of 273.02: call wall 285, put wall 280, gamma flip 264 (the close sat above it), max pain 290 for the 27 Oct 2026 expiry, put/call OI ratio 0.60, net GEX ₹11.8 cr per 1% move.
- Close
- 273.02
- 8 Oct 2026
- Call wall
- 285
- +4.39%
- Put wall
- 280
- +2.56%
- Gamma flip
- 264
- Max pain
- 290
- Tue 27 Oct 2026 expiry
- PCR (OI)
- 0.60
- nearest 0.61
- Net GEX
- ₹11.8 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 -₹78.6 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 |
|---|---|---|---|---|---|---|---|
| 260 | 3,34,400 | 31,42,400 | +11,200 | +54,400 | ₹0.36 cr | -₹3.4 cr | -₹3 cr |
| 265 | 2,44,800 | 12,35,200 | +36,800 | -3,200 | ₹0.33 cr | -₹1.6 cr | -₹1.3 cr |
| 270 | 11,84,000 | 25,79,200 | +27,200 | +1,00,800 | ₹1.8 cr | -₹3.8 cr | -₹2 cr |
| 275 | 15,18,400 | 22,76,800 | +6,35,200 | +5,05,600 | ₹2.4 cr | -₹3.6 cr | -₹1.2 cr |
| 280 | 39,26,400 | 35,39,200 | +9,72,800 | +70,400 | ₹5.9 cr | -₹5.3 cr | ₹0.63 cr |
| 285 | 66,24,000 | 22,41,600 | +3,40,800 | -78,400 | ₹9.1 cr | -₹3.1 cr | ₹6 cr |
Strike by expiry heatmap
| Strike | Tue 27 Oct 2026 | Mon 23 Nov 2026 |
|---|---|---|
| 290 | ₹2.7 | ₹0.15 |
| 285 | ₹6 | |
| 280 | ₹0.71 | -₹0.08 |
| 275 | -₹1.2 | |
| 270 | -₹1.9 | -₹0.11 |
| 265 | -₹1.3 | |
| 260 | -₹2.8 | -₹0.17 |
| 255 | -₹1 |
Expiries
| Expiry | Days | Lot size | Call OI | Put OI | PCR | Max pain |
|---|---|---|---|---|---|---|
| Tue 27 Oct 2026 | 19 | 1600 | 6,18,09,600 | 3,75,50,400 | 0.61 | 290 |
| Mon 23 Nov 2026 | 46 | 1600 | 21,71,200 | 10,70,400 | 0.49 | 290 |
| Tue 29 Dec 2026 | 82 | 1600 | 1,58,400 | 8,000 | 0.05 | 280 |
Wall migration
| Date | Close | Call wall | Put wall | Gamma flip | Max pain | PCR | Call OI chg | Put OI chg |
|---|---|---|---|---|---|---|---|---|
| 8 Oct 2026 | 273.02 | 285 | 280 | 264 | 290 | 0.60 | +45,39,200 | +9,66,400 |
| 7 Oct 2026 | 283.02 | 300 | 280 | 267 | 290 | 0.63 | +63,13,600 | -2,83,200 |
| 6 Oct 2026 | 285.8 | 300 | 280 | 273 | 295 | 0.71 | +28,99,200 | +14,01,600 |
Method
Implied volatility from settlement prices, carry from put-call parity, risk-free rate 5.5%. 91 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.