BRITANNIA options
Britannia Industries option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹80.55 | ±1.78% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹4,457.35 – ₹4,618.45 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹4,800 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹4,400 | 80,125 contracts — the largest put position on the chain |
| Heaviest call strike | ₹5,200 | 2,23,250 contracts — the largest call position on the chain |
| Put-call ratio | 0.58 | Total put open interest divided by total call open interest across the chain |
| Implied volatility (ATM) | 21.09% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹80.55
- Implied range
- ₹4,457 – ₹4,618
- Max pain
- ₹4,800
- Implied volatility
- 21.09%
±1.78% over 4 days, from the ₹4,550 straddle
What option prices imply, not a forecast of where the stock will trade
₹262 above the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹4,400Heaviest call ₹5,200ATM ₹4,550 · PCR 0.58
At the close on Friday, 23 October 2026, Britannia Industries options were pricing a move of ±₹80.55 by the Tuesday, 27 October 2026 expiry — a range of ₹4,457.35 to ₹4,618.45 against a closing price of ₹4,537.90. The figure is the at-the-money straddle at the ₹4,550 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 ₹4,800, ₹262.10 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 ₹4,400 with 80,125 contracts, and the heaviest call position at ₹5,200 with 2,23,250 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 21.09% for the Tuesday, 27 October 2026 expiry. Realised volatility for Britannia Industries is not yet available for comparison.
This page is a record of where Britannia Industries'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 Britannia Industries options pricing this expiry?
- ±₹80.55, or 1.78%, giving a range of ₹4,457.35 to ₹4,618.45 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹4,550 strike.
- What is Britannia Industries's max pain?
- ₹4,800 at the last close, against a closing price of ₹4,537.90. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the Britannia Industries option chain?
- The largest put position sits at ₹4,400 with 80,125 contracts, and the largest call position at ₹5,200 with 2,23,250 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 Britannia Industries options?
- 125 shares per lot, with strikes in steps of ₹50. At the implied move of ±₹80.55, one lot corresponds to ±₹10,069 of notional movement.