NBCC options
NBCC option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹5.24 | ±6.50% to the Monday, 23 November 2026 expiry, from the at-the-money straddle |
| Implied range | ₹75.38 – ₹85.86 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹75 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹70 | 23,07,500 contracts — the largest put position on the chain |
| Heaviest call strike | ₹85 | 76,89,500 contracts — the largest call position on the chain |
| Put-call ratio | 0.45 | Total put open interest divided by total call open interest across the chain |
| Implied volatility (ATM) | 44.92% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹5.24
- Implied range
- ₹75 – ₹86
- Max pain
- ₹75
- Implied volatility
- 44.92%
±6.50% over 12 days, from the ₹81 straddle
What option prices imply, not a forecast of where the stock will trade
₹6 below the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹70Heaviest call ₹85ATM ₹81 · PCR 0.45
At the close on Wednesday, 11 November 2026, NBCC options were pricing a move of ±₹5.24 by the Monday, 23 November 2026 expiry — a range of ₹75.38 to ₹85.86 against a closing price of ₹80.62. The figure is the at-the-money straddle at the ₹81 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 ₹75, ₹5.62 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 ₹70 with 23,07,500 contracts, and the heaviest call position at ₹85 with 76,89,500 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 44.92% for the Monday, 23 November 2026 expiry. Realised volatility for NBCC is not yet available for comparison.
This page is a record of where NBCC's chain finished on Wednesday, 11 November 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 NBCC options pricing this expiry?
- ±₹5.24, or 6.50%, giving a range of ₹75.38 to ₹85.86 by Monday, 23 November 2026. The figure is derived from the at-the-money straddle at the ₹81 strike.
- What is NBCC's max pain?
- ₹75 at the last close, against a closing price of ₹80.62. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the NBCC option chain?
- The largest put position sits at ₹70 with 23,07,500 contracts, and the largest call position at ₹85 with 76,89,500 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 NBCC options?
- 6,500 shares per lot, with strikes in steps of ₹1. At the implied move of ±₹5.24, one lot corresponds to ±₹34,060 of notional movement.