BDL options
Bharat Dynamics option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹21.70 | ±2.13% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹995.80 – ₹1,039.20 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹1,100 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹1,060 | 3,30,225 contracts — the largest put position on the chain |
| Heaviest call strike | ₹1,100 | 7,33,550 contracts — the largest call position on the chain |
| Put-call ratio | 0.73 | Total put open interest divided by total call open interest across the chain |
| Implied volatility (ATM) | 25.39% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹21.70
- Implied range
- ₹996 – ₹1,039
- Max pain
- ₹1,100
- Implied volatility
- 25.39%
±2.13% over 4 days, from the ₹1,020 straddle
What option prices imply, not a forecast of where the stock will trade
₹83 above the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹1,060Heaviest call ₹1,100ATM ₹1,020 · PCR 0.73
At the close on Friday, 23 October 2026, Bharat Dynamics options were pricing a move of ±₹21.70 by the Tuesday, 27 October 2026 expiry — a range of ₹995.80 to ₹1,039.20 against a closing price of ₹1,017.50. The figure is the at-the-money straddle at the ₹1,020 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 ₹1,100, ₹82.50 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 ₹1,060 with 3,30,225 contracts, and the heaviest call position at ₹1,100 with 7,33,550 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 25.39% for the Tuesday, 27 October 2026 expiry. Realised volatility for Bharat Dynamics is not yet available for comparison.
This page is a record of where Bharat Dynamics'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 Bharat Dynamics options pricing this expiry?
- ±₹21.70, or 2.13%, giving a range of ₹995.80 to ₹1,039.20 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹1,020 strike.
- What is Bharat Dynamics's max pain?
- ₹1,100 at the last close, against a closing price of ₹1,017.50. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the Bharat Dynamics option chain?
- The largest put position sits at ₹1,060 with 3,30,225 contracts, and the largest call position at ₹1,100 with 7,33,550 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 Bharat Dynamics options?
- 425 shares per lot, with strikes in steps of ₹20. At the implied move of ±₹21.70, one lot corresponds to ±₹9,223 of notional movement.