ADANIPOWER options
Adani Power option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹7.40 | ±4.07% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹174.64 – ₹189.44 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹190 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹200 | 41,49,950 contracts — the largest put position on the chain |
| Heaviest call strike | ₹200 | 88,85,650 contracts — the largest call position on the chain |
| Put-call ratio | 0.52 | Total put open interest divided by total call open interest across the chain |
| Implied volatility (ATM) | 49.32% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹7.40
- Implied range
- ₹175 – ₹189
- Max pain
- ₹190
- Implied volatility
- 49.32%
±4.07% over 4 days, from the ₹183 straddle
What option prices imply, not a forecast of where the stock will trade
₹8 above the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹200Heaviest call ₹200ATM ₹183 · PCR 0.52
At the close on Friday, 23 October 2026, Adani Power options were pricing a move of ±₹7.40 by the Tuesday, 27 October 2026 expiry — a range of ₹174.64 to ₹189.44 against a closing price of ₹182.04. The figure is the at-the-money straddle at the ₹183 strike, which is what the options market itself is charging for the move to expiry. It describes the price of that expectation, not a forecast MarketCue makes.
Max pain sits at ₹190, ₹7.96 above the closing price — the strike at which the largest value of written options would expire worthless. The heaviest put position on the chain is at ₹200 with 41,49,950 contracts, and the heaviest call position at ₹200 with 88,85,650 contracts. Open interest describes where positions have been built; it is not a commitment by anyone to defend a price.
At-the-money implied volatility was 49.32% for the Tuesday, 27 October 2026 expiry. Realised volatility for Adani Power is not yet available for comparison.
This page is a record of where Adani Power's chain finished on Friday, 23 October 2026, not a live feed — the next reading follows tomorrow's close. Figures are derived from the NSE option chain via Upstox; max pain, the implied move, put-call ratio and the volatility comparison are MarketCue's own calculations from that data. MarketCue is not a registered investment adviser, research analyst or broker under SEBI regulations, and nothing here is a recommendation to buy or sell any security.
Read the full MarketCue scoring methodology
Source: NSE option chain via Upstox. .
Frequently asked questions
- What move are Adani Power options pricing this expiry?
- ±₹7.40, or 4.07%, giving a range of ₹174.64 to ₹189.44 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹183 strike.
- What is Adani Power's max pain?
- ₹190 at the last close, against a closing price of ₹182.04. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the Adani Power option chain?
- The largest put position sits at ₹200 with 41,49,950 contracts, and the largest call position at ₹200 with 88,85,650 contracts. Traders commonly read heavy open interest at a strike as a level, though open interest describes positioning rather than any commitment to defend a price.
- What is the lot size for Adani Power options?
- 3,550 shares per lot, with strikes in steps of ₹3. At the implied move of ±₹7.40, one lot corresponds to ±₹26,270 of notional movement.