CUMMINSIND options
Cummins India option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹97.95 | ±2.25% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹4,246.25 – ₹4,442.15 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹4,700 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹4,600 | 1,17,800 contracts — the largest put position on the chain |
| Heaviest call strike | ₹5,000 | 1,74,600 contracts — the largest call position on the chain |
| Put-call ratio | 0.76 | Total put open interest divided by total call open interest across the chain |
| Implied volatility (ATM) | 26.25% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹97.95
- Implied range
- ₹4,246 – ₹4,442
- Max pain
- ₹4,700
- Implied volatility
- 26.25%
±2.25% over 4 days, from the ₹4,350 straddle
What option prices imply, not a forecast of where the stock will trade
₹356 above the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹4,600Heaviest call ₹5,000ATM ₹4,350 · PCR 0.76
At the close on Friday, 23 October 2026, Cummins India options were pricing a move of ±₹97.95 by the Tuesday, 27 October 2026 expiry — a range of ₹4,246.25 to ₹4,442.15 against a closing price of ₹4,344.20. The figure is the at-the-money straddle at the ₹4,350 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 ₹4,700, ₹355.80 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 ₹4,600 with 1,17,800 contracts, and the heaviest call position at ₹5,000 with 1,74,600 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 26.25% for the Tuesday, 27 October 2026 expiry. Realised volatility for Cummins India is not yet available for comparison.
This page is a record of where Cummins India'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 Cummins India options pricing this expiry?
- ±₹97.95, or 2.25%, giving a range of ₹4,246.25 to ₹4,442.15 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹4,350 strike.
- What is Cummins India's max pain?
- ₹4,700 at the last close, against a closing price of ₹4,344.20. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the Cummins India option chain?
- The largest put position sits at ₹4,600 with 1,17,800 contracts, and the largest call position at ₹5,000 with 1,74,600 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 Cummins India options?
- 200 shares per lot, with strikes in steps of ₹50. At the implied move of ±₹97.95, one lot corresponds to ±₹19,590 of notional movement.