OIL options
Oil India option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹25.25 | ±5.66% to the Monday, 23 November 2026 expiry, from the at-the-money straddle |
| Implied range | ₹420.55 – ₹471.05 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹445 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹440 | 8,58,200 contracts — the largest put position on the chain |
| Heaviest call strike | ₹480 | 12,32,000 contracts — the largest call position on the chain |
| Put-call ratio | 0.71 | Total put open interest divided by total call open interest across the chain |
| Implied volatility (ATM) | 40.16% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹25.25
- Implied range
- ₹421 – ₹471
- Max pain
- ₹445
- Implied volatility
- 40.16%
±5.66% over 12 days, from the ₹445 straddle
What option prices imply, not a forecast of where the stock will trade
₹1 below the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹440Heaviest call ₹480ATM ₹445 · PCR 0.71
At the close on Wednesday, 11 November 2026, Oil India options were pricing a move of ±₹25.25 by the Monday, 23 November 2026 expiry — a range of ₹420.55 to ₹471.05 against a closing price of ₹445.80. The figure is the at-the-money straddle at the ₹445 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 ₹445, ₹0.80 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 ₹440 with 8,58,200 contracts, and the heaviest call position at ₹480 with 12,32,000 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 40.16% for the Monday, 23 November 2026 expiry. Realised volatility for Oil India is not yet available for comparison.
This page is a record of where Oil India'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 Oil India options pricing this expiry?
- ±₹25.25, or 5.66%, giving a range of ₹420.55 to ₹471.05 by Monday, 23 November 2026. The figure is derived from the at-the-money straddle at the ₹445 strike.
- What is Oil India's max pain?
- ₹445 at the last close, against a closing price of ₹445.80. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the Oil India option chain?
- The largest put position sits at ₹440 with 8,58,200 contracts, and the largest call position at ₹480 with 12,32,000 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 Oil India options?
- 1,400 shares per lot, with strikes in steps of ₹5. At the implied move of ±₹25.25, one lot corresponds to ±₹35,350 of notional movement.