NYKAA options
Nykaa option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹7.15 | ±2.24% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹312.15 – ₹326.45 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹330 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹310 | 6,68,750 contracts — the largest put position on the chain |
| Heaviest call strike | ₹350 | 27,43,750 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) | 26.61% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹7.15
- Implied range
- ₹312 – ₹326
- Max pain
- ₹330
- Implied volatility
- 26.61%
±2.24% over 4 days, from the ₹320 straddle
What option prices imply, not a forecast of where the stock will trade
₹11 above the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹310Heaviest call ₹350ATM ₹320 · PCR 0.45
At the close on Friday, 23 October 2026, Nykaa options were pricing a move of ±₹7.15 by the Tuesday, 27 October 2026 expiry — a range of ₹312.15 to ₹326.45 against a closing price of ₹319.30. The figure is the at-the-money straddle at the ₹320 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 ₹330, ₹10.70 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 6,68,750 contracts, and the heaviest call position at ₹350 with 27,43,750 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 26.61% for the Tuesday, 27 October 2026 expiry. Realised volatility for Nykaa is not yet available for comparison.
This page is a record of where Nykaa'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 Nykaa options pricing this expiry?
- ±₹7.15, or 2.24%, giving a range of ₹312.15 to ₹326.45 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹320 strike.
- What is Nykaa's max pain?
- ₹330 at the last close, against a closing price of ₹319.30. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the Nykaa option chain?
- The largest put position sits at ₹310 with 6,68,750 contracts, and the largest call position at ₹350 with 27,43,750 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 Nykaa options?
- 3,125 shares per lot, with strikes in steps of ₹5. At the implied move of ±₹7.15, one lot corresponds to ±₹22,344 of notional movement.