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BHARTIARTL options

Bharti Airtel option chain and implied move

Market-implied move±₹31.05At the close on Friday, 23 October 2026 · 4 days to the Tuesday, 27 October 2026 expiry
Market-implied move: current value and reading. Updated 3:45 PM IST · 23 October 2026
MetricValueRead
Market-implied move±₹31.05±1.64% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle
Implied range₹1,861.05 – ₹1,923.15What option prices imply, not a forecast of where the stock will trade
Max pain₹1,840The strike at which the largest value of written options would expire worthless
Heaviest put strike₹1,90022,24,425 contracts — the largest put position on the chain
Heaviest call strike₹1,84048,28,850 contracts — the largest call position on the chain
Put-call ratio0.72Total put open interest divided by total call open interest across the chain
Implied volatility (ATM)18.55%At-the-money implied volatility for the front expiry
Market-implied move
±₹31.05

±1.64% over 4 days, from the ₹1,900 straddle

Implied range
₹1,861 – ₹1,923

What option prices imply, not a forecast of where the stock will trade

Max pain
₹1,840

₹52 below the close

Implied volatility
18.55%

At the money, for the front expiry

Where the close sits against the range option prices imply, and against max pain.
₹1,861
₹1,923
₹1,840max pain
₹1,892close

Implied rangeMax painLast close

Open interest by strike. Both sides drawn to one scale, so the heavier side is the taller one.
PutsStrikeCalls
3,88,075
₹1,700
72,675
2,71,700
₹1,720
1,00,700
3,13,500
₹1,740
1,89,050
9,21,500
₹1,760
5,63,825
13,69,900
₹1,780
13,89,850
19,28,025
₹1,800
13,32,850
14,15,025
₹1,820
17,94,550
21,83,575
₹1,840
48,28,850
20,38,225
₹1,860
26,58,100
13,90,325
₹1,880
17,05,250
22,24,425
₹1,900
31,41,175
7,75,675
₹1,920
23,56,475
5,74,750
₹1,940
14,68,700
2,75,975
₹1,960
7,89,450
38,950
₹1,980
4,58,375
2,58,400
₹2,000
7,48,600
6,650
₹2,020
2,12,325
3,325
₹2,040
79,800
1,425
₹2,060
33,250
4,275
₹2,080
39,900
1,94,275
₹2,120
1,40,600

Heaviest put ₹1,900Heaviest call ₹1,840ATM ₹1,900 · PCR 0.72

At the close on Friday, 23 October 2026, Bharti Airtel options were pricing a move of ±₹31.05 by the Tuesday, 27 October 2026 expiry — a range of ₹1,861.05 to ₹1,923.15 against a closing price of ₹1,892.10. The figure is the at-the-money straddle at the ₹1,900 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, ₹52.10 below 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 22,24,425 contracts, and the heaviest call position at ₹1,840 with 48,28,850 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 18.55% for the Tuesday, 27 October 2026 expiry. Realised volatility for Bharti Airtel is not yet available for comparison.

This page is a record of where Bharti Airtel'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.

Source: NSE option chain via Upstox. .

Frequently asked questions

What move are Bharti Airtel options pricing this expiry?
±₹31.05, or 1.64%, giving a range of ₹1,861.05 to ₹1,923.15 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹1,900 strike.
What is Bharti Airtel's max pain?
₹1,840 at the last close, against a closing price of ₹1,892.10. Max pain is the strike at which the largest value of written options would expire worthless.
Where is support and resistance in the Bharti Airtel option chain?
The largest put position sits at ₹1,900 with 22,24,425 contracts, and the largest call position at ₹1,840 with 48,28,850 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 Bharti Airtel options?
475 shares per lot, with strikes in steps of ₹20. At the implied move of ±₹31.05, one lot corresponds to ±₹14,749 of notional movement.

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