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Zomato option chain and implied move

Market-implied move±₹7.45At the close on Friday, 23 October 2026 · 4 days to the Tuesday, 27 October 2026 expiry
Market-implied move: current value and reading. Updated 3:45 PM IST · 23 October 2026
MetricValueRead
Market-implied move±₹7.45±2.35% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle
Implied range₹309.95 – ₹324.85What option prices imply, not a forecast of where the stock will trade
Max pain₹320The strike at which the largest value of written options would expire worthless
Heaviest put strike₹30075,66,000 contracts — the largest put position on the chain
Heaviest call strike₹33092,53,800 contracts — the largest call position on the chain
Put-call ratio0.69Total put open interest divided by total call open interest across the chain
Implied volatility (ATM)28.32%At-the-money implied volatility for the front expiry
Market-implied move
±₹7.45

±2.35% over 4 days, from the ₹315 straddle

Implied range
₹310 – ₹325

What option prices imply, not a forecast of where the stock will trade

Max pain
₹320

₹3 above the close

Implied volatility
28.32%

At the money, for the front expiry

Where the close sits against the range option prices imply, and against max pain.
₹310
₹325
₹320max pain
₹317close

Implied rangeMax painLast close

Open interest by strike. Both sides drawn to one scale, so the heavier side is the taller one.
PutsStrikeCalls
3,90,425
₹260
0
7,08,100
₹270
43,650
0
₹275
0
8,89,975
₹280
65,475
5,74,725
₹285
0
22,79,500
₹290
1,86,725
24,68,650
₹295
1,43,075
75,66,000
₹300
11,10,650
36,10,825
₹305
17,84,800
67,02,700
₹310
30,45,800
30,87,025
₹315
26,94,175
35,50,200
₹320
84,31,725
17,33,875
₹325
56,45,400
23,03,750
₹330
92,53,800
5,31,075
₹335
33,99,850
10,50,025
₹340
61,54,650
2,74,025
₹345
28,08,150
2,30,375
₹350
57,10,875
2,425
₹355
9,23,925
41,225
₹360
16,07,775
2,425
₹370
13,87,100

Heaviest put ₹300Heaviest call ₹330ATM ₹315 · PCR 0.69

At the close on Friday, 23 October 2026, Zomato options were pricing a move of ±₹7.45 by the Tuesday, 27 October 2026 expiry — a range of ₹309.95 to ₹324.85 against a closing price of ₹317.40. The figure is the at-the-money straddle at the ₹315 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 ₹320, ₹2.60 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 75,66,000 contracts, and the heaviest call position at ₹330 with 92,53,800 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 28.32% for the Tuesday, 27 October 2026 expiry. Realised volatility for Zomato is not yet available for comparison.

This page is a record of where Zomato'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.

Source: NSE option chain via Upstox. .

Frequently asked questions

What move are Zomato options pricing this expiry?
±₹7.45, or 2.35%, giving a range of ₹309.95 to ₹324.85 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹315 strike.
What is Zomato's max pain?
₹320 at the last close, against a closing price of ₹317.40. Max pain is the strike at which the largest value of written options would expire worthless.
Where is support and resistance in the Zomato option chain?
The largest put position sits at ₹300 with 75,66,000 contracts, and the largest call position at ₹330 with 92,53,800 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 Zomato options?
2,425 shares per lot, with strikes in steps of ₹5. At the implied move of ±₹7.45, one lot corresponds to ±₹18,066 of notional movement.

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