HAL options
HAL option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹85.65 | ±1.81% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹4,639.35 – ₹4,810.65 | 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 | ₹4,600 | 1,21,200 contracts — the largest put position on the chain |
| Heaviest call strike | ₹5,000 | 3,31,650 contracts — the largest call position on the chain |
| Put-call ratio | 0.66 | Total put open interest divided by total call open interest across the chain |
| Implied volatility (ATM) | 21.32% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹85.65
- Implied range
- ₹4,639 – ₹4,811
- Max pain
- ₹4,800
- Implied volatility
- 21.32%
±1.81% over 4 days, from the ₹4,700 straddle
What option prices imply, not a forecast of where the stock will trade
₹75 above the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹4,600Heaviest call ₹5,000ATM ₹4,700 · PCR 0.66
At the close on Friday, 23 October 2026, HAL options were pricing a move of ±₹85.65 by the Tuesday, 27 October 2026 expiry — a range of ₹4,639.35 to ₹4,810.65 against a closing price of ₹4,725.00. The figure is the at-the-money straddle at the ₹4,700 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, ₹75.00 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 ₹4,600 with 1,21,200 contracts, and the heaviest call position at ₹5,000 with 3,31,650 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 21.32% for the Tuesday, 27 October 2026 expiry. Realised volatility for HAL is not yet available for comparison.
This page is a record of where HAL'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 HAL options pricing this expiry?
- ±₹85.65, or 1.81%, giving a range of ₹4,639.35 to ₹4,810.65 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹4,700 strike.
- What is HAL's max pain?
- ₹4,800 at the last close, against a closing price of ₹4,725.00. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the HAL option chain?
- The largest put position sits at ₹4,600 with 1,21,200 contracts, and the largest call position at ₹5,000 with 3,31,650 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 HAL options?
- 150 shares per lot, with strikes in steps of ₹50. At the implied move of ±₹85.65, one lot corresponds to ±₹12,848 of notional movement.