MANAPPURAM options
Manappuram Finance option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹8.60 | ±3.01% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹277.50 – ₹294.70 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹310 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹310 | 10,98,000 contracts — the largest put position on the chain |
| Heaviest call strike | ₹310 | 23,61,000 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) | 35.16% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹8.60
- Implied range
- ₹278 – ₹295
- Max pain
- ₹310
- Implied volatility
- 35.16%
±3.01% over 4 days, from the ₹285 straddle
What option prices imply, not a forecast of where the stock will trade
₹24 above the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹310Heaviest call ₹310ATM ₹285 · PCR 0.64
At the close on Friday, 23 October 2026, Manappuram Finance options were pricing a move of ±₹8.60 by the Tuesday, 27 October 2026 expiry — a range of ₹277.50 to ₹294.70 against a closing price of ₹286.10. The figure is the at-the-money straddle at the ₹285 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 ₹310, ₹23.90 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 ₹310 with 10,98,000 contracts, and the heaviest call position at ₹310 with 23,61,000 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 35.16% for the Tuesday, 27 October 2026 expiry. Realised volatility for Manappuram Finance is not yet available for comparison.
This page is a record of where Manappuram Finance'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 Manappuram Finance options pricing this expiry?
- ±₹8.60, or 3.01%, giving a range of ₹277.50 to ₹294.70 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹285 strike.
- What is Manappuram Finance's max pain?
- ₹310 at the last close, against a closing price of ₹286.10. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the Manappuram Finance option chain?
- The largest put position sits at ₹310 with 10,98,000 contracts, and the largest call position at ₹310 with 23,61,000 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 Manappuram Finance options?
- 3,000 shares per lot, with strikes in steps of ₹5. At the implied move of ±₹8.60, one lot corresponds to ±₹25,800 of notional movement.