KOTAKBANK options
Kotak Mahindra Bank option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹16.10 | ±3.74% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹414.40 – ₹446.60 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹430 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹420 | 1,06,14,000 contracts — the largest put position on the chain |
| Heaviest call strike | ₹430 | 1,11,86,000 contracts — the largest call position on the chain |
| Put-call ratio | 0.87 | Total put open interest divided by total call open interest across the chain |
| Implied volatility (ATM) | 44.19% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹16.10
- Implied range
- ₹414 – ₹447
- Max pain
- ₹430
- Implied volatility
- 44.19%
±3.74% over 4 days, from the ₹430 straddle
What option prices imply, not a forecast of where the stock will trade
₹1 below the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹420Heaviest call ₹430ATM ₹430 · PCR 0.87
At the close on Friday, 23 October 2026, Kotak Mahindra Bank options were pricing a move of ±₹16.10 by the Tuesday, 27 October 2026 expiry — a range of ₹414.40 to ₹446.60 against a closing price of ₹430.50. The figure is the at-the-money straddle at the ₹430 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 ₹430, ₹0.50 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 ₹420 with 1,06,14,000 contracts, and the heaviest call position at ₹430 with 1,11,86,000 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 44.19% for the Tuesday, 27 October 2026 expiry. Realised volatility for Kotak Mahindra Bank is not yet available for comparison.
This page is a record of where Kotak Mahindra 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 Kotak Mahindra Bank options pricing this expiry?
- ±₹16.10, or 3.74%, giving a range of ₹414.40 to ₹446.60 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹430 strike.
- What is Kotak Mahindra Bank's max pain?
- ₹430 at the last close, against a closing price of ₹430.50. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the Kotak Mahindra Bank option chain?
- The largest put position sits at ₹420 with 1,06,14,000 contracts, and the largest call position at ₹430 with 1,11,86,000 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 Kotak Mahindra Bank options?
- 2,000 shares per lot, with strikes in steps of ₹5. At the implied move of ±₹16.10, one lot corresponds to ±₹32,200 of notional movement.