NHPC options
NHPC option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹1.65 | ±2.36% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹68.19 – ₹71.49 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹72 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹60 | 18,97,350 contracts — the largest put position on the chain |
| Heaviest call strike | ₹74 | 33,49,900 contracts — the largest call position on the chain |
| Put-call ratio | 0.61 | Total put open interest divided by total call open interest across the chain |
| Implied volatility (ATM) | 28.32% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹1.65
- Implied range
- ₹68 – ₹71
- Max pain
- ₹72
- Implied volatility
- 28.32%
±2.36% over 4 days, from the ₹70 straddle
What option prices imply, not a forecast of where the stock will trade
₹2 above the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹60Heaviest call ₹74ATM ₹70 · PCR 0.61
At the close on Friday, 23 October 2026, NHPC options were pricing a move of ±₹1.65 by the Tuesday, 27 October 2026 expiry — a range of ₹68.19 to ₹71.49 against a closing price of ₹69.84. The figure is the at-the-money straddle at the ₹70 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 ₹72, ₹2.16 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 ₹60 with 18,97,350 contracts, and the heaviest call position at ₹74 with 33,49,900 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 28.32% for the Tuesday, 27 October 2026 expiry. Realised volatility for NHPC is not yet available for comparison.
This page is a record of where NHPC'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 NHPC options pricing this expiry?
- ±₹1.65, or 2.36%, giving a range of ₹68.19 to ₹71.49 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹70 strike.
- What is NHPC's max pain?
- ₹72 at the last close, against a closing price of ₹69.84. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the NHPC option chain?
- The largest put position sits at ₹60 with 18,97,350 contracts, and the largest call position at ₹74 with 33,49,900 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 NHPC options?
- 6,950 shares per lot, with strikes in steps of ₹1. At the implied move of ±₹1.65, one lot corresponds to ±₹11,468 of notional movement.