DELHIVERY options
Delhivery option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹8.05 | ±2.18% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹361.95 – ₹378.05 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹400 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹390 | 23,21,925 contracts — the largest put position on the chain |
| Heaviest call strike | ₹430 | 20,29,350 contracts — the largest call position on the chain |
| Put-call ratio | 0.67 | Total put open interest divided by total call open interest across the chain |
| Implied volatility (ATM) | 26.37% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹8.05
- Implied range
- ₹362 – ₹378
- Max pain
- ₹400
- Implied volatility
- 26.37%
±2.18% over 4 days, from the ₹370 straddle
What option prices imply, not a forecast of where the stock will trade
₹30 above the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹390Heaviest call ₹430ATM ₹370 · PCR 0.67
At the close on Friday, 23 October 2026, Delhivery options were pricing a move of ±₹8.05 by the Tuesday, 27 October 2026 expiry — a range of ₹361.95 to ₹378.05 against a closing price of ₹370.00. The figure is the at-the-money straddle at the ₹370 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 ₹400, ₹30.00 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 ₹390 with 23,21,925 contracts, and the heaviest call position at ₹430 with 20,29,350 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 26.37% for the Tuesday, 27 October 2026 expiry. Realised volatility for Delhivery is not yet available for comparison.
This page is a record of where Delhivery'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 Delhivery options pricing this expiry?
- ±₹8.05, or 2.18%, giving a range of ₹361.95 to ₹378.05 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹370 strike.
- What is Delhivery's max pain?
- ₹400 at the last close, against a closing price of ₹370.00. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the Delhivery option chain?
- The largest put position sits at ₹390 with 23,21,925 contracts, and the largest call position at ₹430 with 20,29,350 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 Delhivery options?
- 2,075 shares per lot, with strikes in steps of ₹5. At the implied move of ±₹8.05, one lot corresponds to ±₹16,704 of notional movement.