NAM-INDIA options
Nippon L I A M option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹27.50 | ±2.98% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹895.10 – ₹950.10 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹1,000 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹1,080 | 1,79,375 contracts — the largest put position on the chain |
| Heaviest call strike | ₹1,040 | 2,31,875 contracts — the largest call position on the chain |
| Put-call ratio | 0.72 | Total put open interest divided by total call open interest across the chain |
| Implied volatility (ATM) | 35.64% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹27.50
- Implied range
- ₹895 – ₹950
- Max pain
- ₹1,000
- Implied volatility
- 35.64%
±2.98% over 4 days, from the ₹920 straddle
What option prices imply, not a forecast of where the stock will trade
₹77 above the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹1,080Heaviest call ₹1,040ATM ₹920 · PCR 0.72
At the close on Friday, 23 October 2026, Nippon L I A M options were pricing a move of ±₹27.50 by the Tuesday, 27 October 2026 expiry — a range of ₹895.10 to ₹950.10 against a closing price of ₹922.60. The figure is the at-the-money straddle at the ₹920 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 ₹1,000, ₹77.40 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 ₹1,080 with 1,79,375 contracts, and the heaviest call position at ₹1,040 with 2,31,875 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 35.64% for the Tuesday, 27 October 2026 expiry. Realised volatility for Nippon L I A M is not yet available for comparison.
This page is a record of where Nippon L I A M'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 Nippon L I A M options pricing this expiry?
- ±₹27.50, or 2.98%, giving a range of ₹895.10 to ₹950.10 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹920 strike.
- What is Nippon L I A M's max pain?
- ₹1,000 at the last close, against a closing price of ₹922.60. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the Nippon L I A M option chain?
- The largest put position sits at ₹1,080 with 1,79,375 contracts, and the largest call position at ₹1,040 with 2,31,875 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 Nippon L I A M options?
- 625 shares per lot, with strikes in steps of ₹20. At the implied move of ±₹27.50, one lot corresponds to ±₹17,188 of notional movement.