SENSEX · 2026-07-19
Option chain snapshot summary for the 2026-07-19 trading session — 359 data points captured between 09:15 and 15:30 IST.
Avg PCR
1.546
Strongly put-heavy — bullish signal
Max Pain Strike
78,000
Strike where max OI expires worthless
Spot Range
78,151.4
–
78,151.4
–
78,151.4
Range 0.0 pts
(0.00%)
Max-Pain PCR
0.866
PCR at the max-pain strike level
Data Points
359
Chain snapshots captured this session
Reading these numbers
- PCR 1.546 — A PCR above 1 means more put OI than call OI exists across the chain. Historically, elevated PCR correlates with market support (put writers are short puts and want the market to stay up).
- Max Pain at 78,000 — The theoretical price at which the index would cause the most option contracts to expire worthless, minimising the total payout from option writers. Often acts as an intraday or expiry-week magnet, especially in low-volatility sessions.
- Spot ranged 78,151.4 – 78,151.4 — The index spent the session above max pain (78,000) — above-pain positioning can attract selling pressure near expiry.
These are aggregate summaries of market positioning data, not trading signals. PCR and
max pain are widely-watched indicators but are not predictive on their own.
Read full disclaimer →
Related reading
PCR Explained →
How put-call ratio is calculated, what thresholds signal, and when it misleads.
Max Pain Theory →
Why max pain matters near expiry and how option writers influence price.
OI Buildup →
Long buildup, short covering, short buildup — reading the four OI patterns.
See live option chain data and real-time PCR for SENSEX. Login to the terminal →