ICICIBANK options
ICICI Bank option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹20.35 | ±1.46% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹1,373.85 – ₹1,414.55 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹1,360 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹1,400 | 23,94,700 contracts — the largest put position on the chain |
| Heaviest call strike | ₹1,400 | 44,46,400 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) | 17.27% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹20.35
- Implied range
- ₹1,374 – ₹1,415
- Max pain
- ₹1,360
- Implied volatility
- 17.27%
±1.46% over 4 days, from the ₹1,390 straddle
What option prices imply, not a forecast of where the stock will trade
₹34 below the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹1,400Heaviest call ₹1,400ATM ₹1,390 · PCR 0.64
At the close on Friday, 23 October 2026, ICICI Bank options were pricing a move of ±₹20.35 by the Tuesday, 27 October 2026 expiry — a range of ₹1,373.85 to ₹1,414.55 against a closing price of ₹1,394.20. The figure is the at-the-money straddle at the ₹1,390 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 ₹1,360, ₹34.20 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 ₹1,400 with 23,94,700 contracts, and the heaviest call position at ₹1,400 with 44,46,400 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 17.27% for the Tuesday, 27 October 2026 expiry. Realised volatility for ICICI Bank is not yet available for comparison.
This page is a record of where ICICI 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 ICICI Bank options pricing this expiry?
- ±₹20.35, or 1.46%, giving a range of ₹1,373.85 to ₹1,414.55 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹1,390 strike.
- What is ICICI Bank's max pain?
- ₹1,360 at the last close, against a closing price of ₹1,394.20. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the ICICI Bank option chain?
- The largest put position sits at ₹1,400 with 23,94,700 contracts, and the largest call position at ₹1,400 with 44,46,400 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 ICICI Bank options?
- 700 shares per lot, with strikes in steps of ₹10. At the implied move of ±₹20.35, one lot corresponds to ±₹14,245 of notional movement.