HEROMOTOCO options
Hero MotoCorp option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹109.80 | ±2.18% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹4,937.20 – ₹5,156.80 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹5,150 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹4,900 | 1,23,450 contracts — the largest put position on the chain |
| Heaviest call strike | ₹5,400 | 2,26,350 contracts — the largest call position on the chain |
| Put-call ratio | 0.63 | Total put open interest divided by total call open interest across the chain |
| Implied volatility (ATM) | 26.03% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹109.80
- Implied range
- ₹4,937 – ₹5,157
- Max pain
- ₹5,150
- Implied volatility
- 26.03%
±2.18% over 4 days, from the ₹5,050 straddle
What option prices imply, not a forecast of where the stock will trade
₹103 above the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹4,900Heaviest call ₹5,400ATM ₹5,050 · PCR 0.63
At the close on Friday, 23 October 2026, Hero MotoCorp options were pricing a move of ±₹109.80 by the Tuesday, 27 October 2026 expiry — a range of ₹4,937.20 to ₹5,156.80 against a closing price of ₹5,047.00. The figure is the at-the-money straddle at the ₹5,050 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 ₹5,150, ₹103.00 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 ₹4,900 with 1,23,450 contracts, and the heaviest call position at ₹5,400 with 2,26,350 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 26.03% for the Tuesday, 27 October 2026 expiry. Realised volatility for Hero MotoCorp is not yet available for comparison.
This page is a record of where Hero MotoCorp'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 Hero MotoCorp options pricing this expiry?
- ±₹109.80, or 2.18%, giving a range of ₹4,937.20 to ₹5,156.80 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹5,050 strike.
- What is Hero MotoCorp's max pain?
- ₹5,150 at the last close, against a closing price of ₹5,047.00. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the Hero MotoCorp option chain?
- The largest put position sits at ₹4,900 with 1,23,450 contracts, and the largest call position at ₹5,400 with 2,26,350 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 Hero MotoCorp options?
- 150 shares per lot, with strikes in steps of ₹50. At the implied move of ±₹109.80, one lot corresponds to ±₹16,470 of notional movement.