HAVELLS options
Havells India option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹23.15 | ±2.25% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹1,007.85 – ₹1,054.15 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹1,060 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹1,000 | 3,46,000 contracts — the largest put position on the chain |
| Heaviest call strike | ₹1,100 | 10,62,500 contracts — the largest call position on the chain |
| Put-call ratio | 0.64 | Total put open interest divided by total call open interest across the chain |
| Implied volatility (ATM) | 26.62% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹23.15
- Implied range
- ₹1,008 – ₹1,054
- Max pain
- ₹1,060
- Implied volatility
- 26.62%
±2.25% over 4 days, from the ₹1,030 straddle
What option prices imply, not a forecast of where the stock will trade
₹29 above the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹1,000Heaviest call ₹1,100ATM ₹1,030 · PCR 0.64
At the close on Friday, 23 October 2026, Havells India options were pricing a move of ±₹23.15 by the Tuesday, 27 October 2026 expiry — a range of ₹1,007.85 to ₹1,054.15 against a closing price of ₹1,031.00. The figure is the at-the-money straddle at the ₹1,030 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 ₹1,060, ₹29.00 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 ₹1,000 with 3,46,000 contracts, and the heaviest call position at ₹1,100 with 10,62,500 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 26.62% for the Tuesday, 27 October 2026 expiry. Realised volatility for Havells India is not yet available for comparison.
This page is a record of where Havells 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 Havells India options pricing this expiry?
- ±₹23.15, or 2.25%, giving a range of ₹1,007.85 to ₹1,054.15 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹1,030 strike.
- What is Havells India's max pain?
- ₹1,060 at the last close, against a closing price of ₹1,031.00. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the Havells India option chain?
- The largest put position sits at ₹1,000 with 3,46,000 contracts, and the largest call position at ₹1,100 with 10,62,500 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 Havells India options?
- 500 shares per lot, with strikes in steps of ₹10. At the implied move of ±₹23.15, one lot corresponds to ±₹11,575 of notional movement.