BIOCON options
Biocon option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹7.55 | ±2.33% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹315.95 – ₹331.05 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹355 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹360 | 33,27,500 contracts — the largest put position on the chain |
| Heaviest call strike | ₹355 | 33,12,500 contracts — the largest call position on the chain |
| Put-call ratio | 0.64 | Total put open interest divided by total call open interest across the chain |
| Implied volatility (ATM) | 26.86% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹7.55
- Implied range
- ₹316 – ₹331
- Max pain
- ₹355
- Implied volatility
- 26.86%
±2.33% over 4 days, from the ₹325 straddle
What option prices imply, not a forecast of where the stock will trade
₹32 above the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹360Heaviest call ₹355ATM ₹325 · PCR 0.64
At the close on Friday, 23 October 2026, Biocon options were pricing a move of ±₹7.55 by the Tuesday, 27 October 2026 expiry — a range of ₹315.95 to ₹331.05 against a closing price of ₹323.50. The figure is the at-the-money straddle at the ₹325 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 ₹355, ₹31.50 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 ₹360 with 33,27,500 contracts, and the heaviest call position at ₹355 with 33,12,500 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 26.86% for the Tuesday, 27 October 2026 expiry. Realised volatility for Biocon is not yet available for comparison.
This page is a record of where Biocon'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 Biocon options pricing this expiry?
- ±₹7.55, or 2.33%, giving a range of ₹315.95 to ₹331.05 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹325 strike.
- What is Biocon's max pain?
- ₹355 at the last close, against a closing price of ₹323.50. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the Biocon option chain?
- The largest put position sits at ₹360 with 33,27,500 contracts, and the largest call position at ₹355 with 33,12,500 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 Biocon options?
- 2,500 shares per lot, with strikes in steps of ₹5. At the implied move of ±₹7.55, one lot corresponds to ±₹18,875 of notional movement.