BHARATFORG options
Bharat Forge option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹36.90 | ±2.16% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹1,674.30 – ₹1,748.10 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹1,840 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹1,900 | 2,35,500 contracts — the largest put position on the chain |
| Heaviest call strike | ₹2,000 | 2,51,000 contracts — the largest call position on the chain |
| Put-call ratio | 0.78 | Total put open interest divided by total call open interest across the chain |
| Implied volatility (ATM) | 24.30% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹36.90
- Implied range
- ₹1,674 – ₹1,748
- Max pain
- ₹1,840
- Implied volatility
- 24.30%
±2.16% over 4 days, from the ₹1,720 straddle
What option prices imply, not a forecast of where the stock will trade
₹129 above the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹1,900Heaviest call ₹2,000ATM ₹1,720 · PCR 0.78
At the close on Friday, 23 October 2026, Bharat Forge options were pricing a move of ±₹36.90 by the Tuesday, 27 October 2026 expiry — a range of ₹1,674.30 to ₹1,748.10 against a closing price of ₹1,711.20. The figure is the at-the-money straddle at the ₹1,720 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 ₹1,840, ₹128.80 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 ₹1,900 with 2,35,500 contracts, and the heaviest call position at ₹2,000 with 2,51,000 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 24.30% for the Tuesday, 27 October 2026 expiry. Realised volatility for Bharat Forge is not yet available for comparison.
This page is a record of where Bharat Forge'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 Forge options pricing this expiry?
- ±₹36.90, or 2.16%, giving a range of ₹1,674.30 to ₹1,748.10 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹1,720 strike.
- What is Bharat Forge's max pain?
- ₹1,840 at the last close, against a closing price of ₹1,711.20. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the Bharat Forge option chain?
- The largest put position sits at ₹1,900 with 2,35,500 contracts, and the largest call position at ₹2,000 with 2,51,000 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 Bharat Forge options?
- 500 shares per lot, with strikes in steps of ₹20. At the implied move of ±₹36.90, one lot corresponds to ±₹18,450 of notional movement.