ALKEM options
Alkem Laboratories option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹156.95 | ±3.17% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹4,790.05 – ₹5,103.95 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹5,150 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹5,000 | 85,000 contracts — the largest put position on the chain |
| Heaviest call strike | ₹5,500 | 48,375 contracts — the largest call position on the chain |
| Put-call ratio | 1.34 | Total put open interest divided by total call open interest across the chain |
| Implied volatility (ATM) | 38.96% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹156.95
- Implied range
- ₹4,790 – ₹5,104
- Max pain
- ₹5,150
- Implied volatility
- 38.96%
±3.17% over 4 days, from the ₹4,950 straddle
What option prices imply, not a forecast of where the stock will trade
₹203 above the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹5,000Heaviest call ₹5,500ATM ₹4,950 · PCR 1.34
At the close on Friday, 23 October 2026, Alkem Laboratories options were pricing a move of ±₹156.95 by the Tuesday, 27 October 2026 expiry — a range of ₹4,790.05 to ₹5,103.95 against a closing price of ₹4,947.00. The figure is the at-the-money straddle at the ₹4,950 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 ₹5,150, ₹203.00 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 ₹5,000 with 85,000 contracts, and the heaviest call position at ₹5,500 with 48,375 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 38.96% for the Tuesday, 27 October 2026 expiry. Realised volatility for Alkem Laboratories is not yet available for comparison.
This page is a record of where Alkem Laboratories'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 Alkem Laboratories options pricing this expiry?
- ±₹156.95, or 3.17%, giving a range of ₹4,790.05 to ₹5,103.95 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹4,950 strike.
- What is Alkem Laboratories's max pain?
- ₹5,150 at the last close, against a closing price of ₹4,947.00. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the Alkem Laboratories option chain?
- The largest put position sits at ₹5,000 with 85,000 contracts, and the largest call position at ₹5,500 with 48,375 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 Alkem Laboratories options?
- 125 shares per lot, with strikes in steps of ₹50. At the implied move of ±₹156.95, one lot corresponds to ±₹19,619 of notional movement.