Early rally, closes near the highs
A steady start gave way at 10:00 IST and Finnifty climbed 1,271 pts to 26,177. Put writers added the most fresh OI at 25,500 (+0.3 L). Call writers built positions at 25,000–26,500, led by 25,000 (+0.1 L). Max pain moved from 24,900 to 25,000, following price up. PCR rose from 1.07 to 1.25.
Key levels into expiry
Where writers added today
Move vs what options priced
Last 6 sessions
Max pain: strike where option buyers lose most at expiry. Fresh OI: positions opened this session. PCR: put OI ÷ call OI.
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.