ONGC options
ONGC option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹3.30 | ±1.45% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹224.20 – ₹230.80 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹225 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹220 | 49,34,250 contracts — the largest put position on the chain |
| Heaviest call strike | ₹225 | 1,17,65,250 contracts — the largest call position on the chain |
| Put-call ratio | 0.52 | Total put open interest divided by total call open interest across the chain |
| Implied volatility (ATM) | 15.14% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹3.30
- Implied range
- ₹224 – ₹231
- Max pain
- ₹225
- Implied volatility
- 15.14%
±1.45% over 4 days, from the ₹228 straddle
What option prices imply, not a forecast of where the stock will trade
₹3 below the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹220Heaviest call ₹225ATM ₹228 · PCR 0.52
At the close on Friday, 23 October 2026, ONGC options were pricing a move of ±₹3.30 by the Tuesday, 27 October 2026 expiry — a range of ₹224.20 to ₹230.80 against a closing price of ₹227.50. The figure is the at-the-money straddle at the ₹228 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 ₹225, ₹2.50 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 ₹220 with 49,34,250 contracts, and the heaviest call position at ₹225 with 1,17,65,250 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 15.14% for the Tuesday, 27 October 2026 expiry. Realised volatility for ONGC is not yet available for comparison.
This page is a record of where ONGC'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 ONGC options pricing this expiry?
- ±₹3.30, or 1.45%, giving a range of ₹224.20 to ₹230.80 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹228 strike.
- What is ONGC's max pain?
- ₹225 at the last close, against a closing price of ₹227.50. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the ONGC option chain?
- The largest put position sits at ₹220 with 49,34,250 contracts, and the largest call position at ₹225 with 1,17,65,250 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 ONGC options?
- 2,250 shares per lot, with strikes in steps of ₹3. At the implied move of ±₹3.30, one lot corresponds to ±₹7,425 of notional movement.