IRFC options
IRFC option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹1.52 | ±2.04% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹72.93 – ₹75.97 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹78 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹80 | 36,56,450 contracts — the largest put position on the chain |
| Heaviest call strike | ₹80 | 92,49,625 contracts — the largest call position on the chain |
| Put-call ratio | 0.49 | Total put open interest divided by total call open interest across the chain |
| Implied volatility (ATM) | 23.44% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹1.52
- Implied range
- ₹73 – ₹76
- Max pain
- ₹78
- Implied volatility
- 23.44%
±2.04% over 4 days, from the ₹74 straddle
What option prices imply, not a forecast of where the stock will trade
₹4 above the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹80Heaviest call ₹80ATM ₹74 · PCR 0.49
At the close on Friday, 23 October 2026, IRFC options were pricing a move of ±₹1.52 by the Tuesday, 27 October 2026 expiry — a range of ₹72.93 to ₹75.97 against a closing price of ₹74.45. The figure is the at-the-money straddle at the ₹74 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 ₹78, ₹3.55 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 ₹80 with 36,56,450 contracts, and the heaviest call position at ₹80 with 92,49,625 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 23.44% for the Tuesday, 27 October 2026 expiry. Realised volatility for IRFC is not yet available for comparison.
This page is a record of where IRFC'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 IRFC options pricing this expiry?
- ±₹1.52, or 2.04%, giving a range of ₹72.93 to ₹75.97 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹74 strike.
- What is IRFC's max pain?
- ₹78 at the last close, against a closing price of ₹74.45. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the IRFC option chain?
- The largest put position sits at ₹80 with 36,56,450 contracts, and the largest call position at ₹80 with 92,49,625 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 IRFC options?
- 5,425 shares per lot, with strikes in steps of ₹1. At the implied move of ±₹1.52, one lot corresponds to ±₹8,246 of notional movement.