HCLTECH options
HCL Technologies option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹35.50 | ±2.50% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹1,386.70 – ₹1,457.70 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹1,310 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹1,300 | 13,32,000 contracts — the largest put position on the chain |
| Heaviest call strike | ₹1,220 | 8,76,400 contracts — the largest call position on the chain |
| Put-call ratio | 1.43 | Total put open interest divided by total call open interest across the chain |
| Implied volatility (ATM) | 29.91% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹35.50
- Implied range
- ₹1,387 – ₹1,458
- Max pain
- ₹1,310
- Implied volatility
- 29.91%
±2.50% over 4 days, from the ₹1,420 straddle
What option prices imply, not a forecast of where the stock will trade
₹112 below the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹1,300Heaviest call ₹1,220ATM ₹1,420 · PCR 1.43
At the close on Friday, 23 October 2026, HCL Technologies options were pricing a move of ±₹35.50 by the Tuesday, 27 October 2026 expiry — a range of ₹1,386.70 to ₹1,457.70 against a closing price of ₹1,422.20. The figure is the at-the-money straddle at the ₹1,420 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 ₹1,310, ₹112.20 below 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 ₹1,300 with 13,32,000 contracts, and the heaviest call position at ₹1,220 with 8,76,400 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 29.91% for the Tuesday, 27 October 2026 expiry. Realised volatility for HCL Technologies is not yet available for comparison.
This page is a record of where HCL Technologies'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 HCL Technologies options pricing this expiry?
- ±₹35.50, or 2.50%, giving a range of ₹1,386.70 to ₹1,457.70 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹1,420 strike.
- What is HCL Technologies's max pain?
- ₹1,310 at the last close, against a closing price of ₹1,422.20. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the HCL Technologies option chain?
- The largest put position sits at ₹1,300 with 13,32,000 contracts, and the largest call position at ₹1,220 with 8,76,400 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 HCL Technologies options?
- 400 shares per lot, with strikes in steps of ₹10. At the implied move of ±₹35.50, one lot corresponds to ±₹14,200 of notional movement.