Daily digest / Finnifty / 2026-08-25 · this week
Finnifty · Tuesday 25 Aug 2026 · close
26,247
+131.7 (+0.50%)
Expiry day
Afternoon rally, closes near the highs
A steady start gave way at 13:30 IST and Finnifty climbed 137 pts to 26,247. Put writers added the most fresh OI at 26,200 (+2.3 L). Call writers built positions at 26,050–26,250, led by 26,250 (+2.1 L). Max pain moved from 26,250 to 26,200. PCR rose from 0.87 to 0.95.
Spot
Max pain
26,150 support
PCR
15-min · IST
Key levels into expiry
26,250
Call wall · 2.5 L OI · Fresh calls +2.1 L
resistance
26,247
Close
●
26,200
Max pain · Fresh puts +2.3 L · Put wall · 2.9 L OI
magnet
26,150
Fresh puts +1.1 L · held the low
support
Where writers added today
■ calls ■ puts · OI change from the first snapshot to the close, strikes near spot
Move vs what options priced
Monthly ATM straddle at open167
Session range176
One session moved 1.1× the monthly straddle's full priced move.
Last 6 sessions
Reading these numbers
- Max pain is the strike where option buyers collectively lose the most at expiry. It often drifts with price, and the pull tends to strengthen into expiry.
- Fresh OI shows where option writers opened new positions during the session. Heavy put writing below price often marks a level sellers expect to hold; heavy call writing above marks a ceiling.
- PCR is put OI ÷ call OI for the monthly expiry.
- Straddle vs range compares the ATM straddle price at the open (what options priced in) with the distance price actually covered.
Descriptive summaries of recorded option-chain positioning, generated automatically — not trading signals or advice.
Read the disclaimer →
Related reading
PCR explained →
How put-call ratio is calculated and when it misleads.
Max pain theory →
Why max pain matters near expiry.
OI buildup →
Reading the four OI patterns.