BPCL options
Bharat Petroleum Corp option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹8.45 | ±3.00% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹273.50 – ₹290.40 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹295 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹300 | 11,27,725 contracts — the largest put position on the chain |
| Heaviest call strike | ₹300 | 20,26,350 contracts — the largest call position on the chain |
| Put-call ratio | 0.79 | Total put open interest divided by total call open interest across the chain |
| Implied volatility (ATM) | 36.62% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹8.45
- Implied range
- ₹274 – ₹290
- Max pain
- ₹295
- Implied volatility
- 36.62%
±3.00% over 4 days, from the ₹280 straddle
What option prices imply, not a forecast of where the stock will trade
₹13 above the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹300Heaviest call ₹300ATM ₹280 · PCR 0.79
At the close on Friday, 23 October 2026, Bharat Petroleum Corp options were pricing a move of ±₹8.45 by the Tuesday, 27 October 2026 expiry — a range of ₹273.50 to ₹290.40 against a closing price of ₹281.95. The figure is the at-the-money straddle at the ₹280 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 ₹295, ₹13.05 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 ₹300 with 11,27,725 contracts, and the heaviest call position at ₹300 with 20,26,350 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 36.62% for the Tuesday, 27 October 2026 expiry. Realised volatility for Bharat Petroleum Corp is not yet available for comparison.
This page is a record of where Bharat Petroleum Corp'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 Petroleum Corp options pricing this expiry?
- ±₹8.45, or 3.00%, giving a range of ₹273.50 to ₹290.40 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹280 strike.
- What is Bharat Petroleum Corp's max pain?
- ₹295 at the last close, against a closing price of ₹281.95. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the Bharat Petroleum Corp option chain?
- The largest put position sits at ₹300 with 11,27,725 contracts, and the largest call position at ₹300 with 20,26,350 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 Petroleum Corp options?
- 1,975 shares per lot, with strikes in steps of ₹5. At the implied move of ±₹8.45, one lot corresponds to ±₹16,689 of notional movement.