Daily digest / Finnifty / 2026-09-09 · this week
Finnifty · Wednesday 9 Sep 2026 · close
25,512
-337.8 (-1.31%)
2nd straight down dayExpiry Tue 29 Sep · 14 sessions
Early sell-off, closes near the lows
Finnifty slid 1,319 pts from 26,830 at 09:30 to 25,512 by 15:40 IST. Put writers added the most fresh OI at 25,450 (+0.2 L), right where the low held. Call writers built positions at 25,500–25,800, led by 25,700 (+0.2 L). Max pain moved from 26,100 to 26,000, following price down. PCR fell from 0.62 to 0.56.
Spot
Max pain
25,450 support
PCR
15-min · IST
Key levels into expiry
26,500
Call wall · 1.0 L OI
resistance
26,000
Max pain
magnet
25,800
Fresh calls +0.1 L
cap
25,700
Fresh calls +0.2 L
cap
25,512
Close
●
25,450
Fresh puts +0.2 L · held the low
support
25,000
Fresh puts +0.1 L · Put wall · 0.2 L OI
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 open597
Session range1,337
One session moved 2.2× 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.