TRENT 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.
TRENT levels for the session of 9 Oct 2026, from the 8 Oct 2026 close of 2,876.73: call wall 2,900, put wall 2,800, gamma flip 2,774 (the close sat above it), max pain 2,850 for the 27 Oct 2026 expiry, put/call OI ratio 0.84, net GEX ₹17 cr per 1% move.
- Close
- 2,876.73
- 8 Oct 2026
- Call wall
- 2,900
- +0.81%
- Put wall
- 2,800
- -2.67%
- Gamma flip
- 2,774
- Max pain
- 2,850
- Tue 27 Oct 2026 expiry
- PCR (OI)
- 0.84
- nearest 0.82
- Net GEX
- ₹17 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 -₹120 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 |
|---|---|---|---|---|---|---|---|
| 2,750 | 89,100 | 2,56,950 | -1,350 | -41,625 | ₹1.1 cr | -₹3.3 cr | -₹2.1 cr |
| 2,800 | 3,07,125 | 8,97,975 | -32,850 | -1,54,125 | ₹4.8 cr | -₹13.8 cr | -₹9.1 cr |
| 2,850 | 3,62,250 | 3,95,100 | -6,750 | -1,14,750 | ₹6.5 cr | -₹7.2 cr | -₹0.65 cr |
| 2,900 | 11,47,050 | 6,33,375 | -83,025 | -9,000 | ₹21.8 cr | -₹12 cr | ₹9.8 cr |
| 2,950 | 3,68,325 | 1,50,300 | +92,700 | +46,125 | ₹6.6 cr | -₹2.7 cr | ₹4 cr |
| 3,000 | 6,53,400 | 1,32,300 | -1,14,300 | -27,000 | ₹10.2 cr | -₹2.1 cr | ₹8.1 cr |
Strike by expiry heatmap
| Strike | Tue 27 Oct 2026 | Mon 23 Nov 2026 |
|---|---|---|
| 3,100 | ₹3.5 | ₹0.07 |
| 3,050 | ₹1.8 | |
| 3,000 | ₹7.7 | ₹0.39 |
| 2,950 | ₹4 | |
| 2,900 | ₹9.8 | |
| 2,850 | -₹0.7 | |
| 2,800 | -₹8.7 | -₹0.37 |
| 2,750 | -₹2.1 | |
| 2,700 | -₹0.98 | -₹0.24 |
| 2,650 | -₹0.23 |
Expiries
| Expiry | Days | Lot size | Call OI | Put OI | PCR | Max pain |
|---|---|---|---|---|---|---|
| Tue 27 Oct 2026 | 19 | 225 | 50,72,175 | 41,62,050 | 0.82 | 2,850 |
| Mon 23 Nov 2026 | 46 | 225 | 1,55,475 | 2,34,450 | 1.51 | 2,900 |
| Tue 29 Dec 2026 | 82 | 225 | 4,500 | 22,950 | 5.10 | 2,800 |
Wall migration
| Date | Close | Call wall | Put wall | Gamma flip | Max pain | PCR | Call OI chg | Put OI chg |
|---|---|---|---|---|---|---|---|---|
| 8 Oct 2026 | 2,876.73 | 2,900 | 2,800 | 2,774 | 2,850 | 0.84 | +38,700 | -5,44,725 |
| 7 Oct 2026 | 2,890.3 | 2,900 | 2,800 | 2,822 | 2,850 | 0.96 | -3,03,975 | -5,68,575 |
| 6 Oct 2026 | 2,905.97 | 2,900 | 2,800 | 2,839 | 2,850 | 1.01 | +20,67,300 | +32,91,975 |
Method
Implied volatility from settlement prices, carry from put-call parity, risk-free rate 5.5%. 77 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.