MAHABANK options
Bank of Maharashtra option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹3.91 | ±5.19% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹71.41 – ₹79.23 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹80 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹80 | 30,74,500 contracts — the largest put position on the chain |
| Heaviest call strike | ₹80 | 45,37,000 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) | 60.55% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹3.91
- Implied range
- ₹71 – ₹79
- Max pain
- ₹80
- Implied volatility
- 60.55%
±5.19% over 4 days, from the ₹75 straddle
What option prices imply, not a forecast of where the stock will trade
₹5 above the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹80Heaviest call ₹80ATM ₹75 · PCR 0.62
At the close on Friday, 23 October 2026, Bank of Maharashtra options were pricing a move of ±₹3.91 by the Tuesday, 27 October 2026 expiry — a range of ₹71.41 to ₹79.23 against a closing price of ₹75.32. The figure is the at-the-money straddle at the ₹75 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 ₹80, ₹4.68 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 ₹80 with 30,74,500 contracts, and the heaviest call position at ₹80 with 45,37,000 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 60.55% for the Tuesday, 27 October 2026 expiry. Realised volatility for Bank of Maharashtra is not yet available for comparison.
This page is a record of where Bank of Maharashtra'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 Bank of Maharashtra options pricing this expiry?
- ±₹3.91, or 5.19%, giving a range of ₹71.41 to ₹79.23 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹75 strike.
- What is Bank of Maharashtra's max pain?
- ₹80 at the last close, against a closing price of ₹75.32. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the Bank of Maharashtra option chain?
- The largest put position sits at ₹80 with 30,74,500 contracts, and the largest call position at ₹80 with 45,37,000 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 Bank of Maharashtra options?
- 6,500 shares per lot, with strikes in steps of ₹1. At the implied move of ±₹3.91, one lot corresponds to ±₹25,415 of notional movement.