LT options
Larsen & Toubro option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹67.50 | ±1.85% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹3,579.50 – ₹3,714.50 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹3,700 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹3,600 | 7,63,000 contracts — the largest put position on the chain |
| Heaviest call strike | ₹3,700 | 9,73,000 contracts — the largest call position on the chain |
| Put-call ratio | 0.69 | Total put open interest divided by total call open interest across the chain |
| Implied volatility (ATM) | 21.88% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹67.50
- Implied range
- ₹3,580 – ₹3,715
- Max pain
- ₹3,700
- Implied volatility
- 21.88%
±1.85% over 4 days, from the ₹3,650 straddle
What option prices imply, not a forecast of where the stock will trade
₹53 above the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹3,600Heaviest call ₹3,700ATM ₹3,650 · PCR 0.69
At the close on Friday, 23 October 2026, Larsen & Toubro options were pricing a move of ±₹67.50 by the Tuesday, 27 October 2026 expiry — a range of ₹3,579.50 to ₹3,714.50 against a closing price of ₹3,647.00. The figure is the at-the-money straddle at the ₹3,650 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 ₹3,700, ₹53.00 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 ₹3,600 with 7,63,000 contracts, and the heaviest call position at ₹3,700 with 9,73,000 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 21.88% for the Tuesday, 27 October 2026 expiry. Realised volatility for Larsen & Toubro is not yet available for comparison.
This page is a record of where Larsen & Toubro'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 Larsen & Toubro options pricing this expiry?
- ±₹67.50, or 1.85%, giving a range of ₹3,579.50 to ₹3,714.50 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹3,650 strike.
- What is Larsen & Toubro's max pain?
- ₹3,700 at the last close, against a closing price of ₹3,647.00. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the Larsen & Toubro option chain?
- The largest put position sits at ₹3,600 with 7,63,000 contracts, and the largest call position at ₹3,700 with 9,73,000 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 Larsen & Toubro options?
- 175 shares per lot, with strikes in steps of ₹50. At the implied move of ±₹67.50, one lot corresponds to ±₹11,813 of notional movement.