Early sell-off, buyers step in
SENSEX opened with a 567-pt gap up at 72,476. A steady start gave way at 09:45 IST and SENSEX slid 559 pts to 72,033. Put writers added the most fresh OI at 69,500 (+5.5 L). Call writers built positions at 73,000–74,000, led by 74,000 (+6.0 L). Max pain moved from 82,700 to 76,700. PCR fell from 1.53 to 1.45.
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.