BANDHANBNK options
Bandhan Bank option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹5.14 | ±3.43% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹144.75 – ₹155.03 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹175 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹190 | 26,42,400 contracts — the largest put position on the chain |
| Heaviest call strike | ₹190 | 54,43,200 contracts — the largest call position on the chain |
| Put-call ratio | 0.62 | Total put open interest divided by total call open interest across the chain |
| Implied volatility (ATM) | 40.04% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹5.14
- Implied range
- ₹145 – ₹155
- Max pain
- ₹175
- Implied volatility
- 40.04%
±3.43% over 4 days, from the ₹150 straddle
What option prices imply, not a forecast of where the stock will trade
₹25 above the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹190Heaviest call ₹190ATM ₹150 · PCR 0.62
At the close on Friday, 23 October 2026, Bandhan Bank options were pricing a move of ±₹5.14 by the Tuesday, 27 October 2026 expiry — a range of ₹144.75 to ₹155.03 against a closing price of ₹149.89. The figure is the at-the-money straddle at the ₹150 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 ₹175, ₹25.11 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 ₹190 with 26,42,400 contracts, and the heaviest call position at ₹190 with 54,43,200 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 40.04% for the Tuesday, 27 October 2026 expiry. Realised volatility for Bandhan Bank is not yet available for comparison.
This page is a record of where Bandhan Bank'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 Bandhan Bank options pricing this expiry?
- ±₹5.14, or 3.43%, giving a range of ₹144.75 to ₹155.03 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹150 strike.
- What is Bandhan Bank's max pain?
- ₹175 at the last close, against a closing price of ₹149.89. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the Bandhan Bank option chain?
- The largest put position sits at ₹190 with 26,42,400 contracts, and the largest call position at ₹190 with 54,43,200 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 Bandhan Bank options?
- 3,600 shares per lot, with strikes in steps of ₹3. At the implied move of ±₹5.14, one lot corresponds to ±₹18,504 of notional movement.