HDFCBANK options
HDFC Bank option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹11.00 | ±1.59% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹681.80 – ₹703.80 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹720 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹720 | 1,04,85,800 contracts — the largest put position on the chain |
| Heaviest call strike | ₹750 | 2,12,67,350 contracts — the largest call position on the chain |
| Put-call ratio | 0.53 | Total put open interest divided by total call open interest across the chain |
| Implied volatility (ATM) | 18.92% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹11.00
- Implied range
- ₹682 – ₹704
- Max pain
- ₹720
- Implied volatility
- 18.92%
±1.59% over 4 days, from the ₹690 straddle
What option prices imply, not a forecast of where the stock will trade
₹27 above the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹720Heaviest call ₹750ATM ₹690 · PCR 0.53
At the close on Friday, 23 October 2026, HDFC Bank options were pricing a move of ±₹11.00 by the Tuesday, 27 October 2026 expiry — a range of ₹681.80 to ₹703.80 against a closing price of ₹692.80. The figure is the at-the-money straddle at the ₹690 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 ₹720, ₹27.20 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 ₹720 with 1,04,85,800 contracts, and the heaviest call position at ₹750 with 2,12,67,350 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 18.92% for the Tuesday, 27 October 2026 expiry. Realised volatility for HDFC Bank is not yet available for comparison.
This page is a record of where HDFC Bank'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 HDFC Bank options pricing this expiry?
- ±₹11.00, or 1.59%, giving a range of ₹681.80 to ₹703.80 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹690 strike.
- What is HDFC Bank's max pain?
- ₹720 at the last close, against a closing price of ₹692.80. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the HDFC Bank option chain?
- The largest put position sits at ₹720 with 1,04,85,800 contracts, and the largest call position at ₹750 with 2,12,67,350 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 HDFC Bank options?
- 650 shares per lot, with strikes in steps of ₹10. At the implied move of ±₹11.00, one lot corresponds to ±₹7,150 of notional movement.