PAYTM options
Paytm option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹70.80 | ±4.38% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹1,545.30 – ₹1,686.90 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹1,700 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹1,700 | 23,64,950 contracts — the largest put position on the chain |
| Heaviest call strike | ₹1,700 | 13,52,125 contracts — the largest call position on the chain |
| Put-call ratio | 0.97 | Total put open interest divided by total call open interest across the chain |
| Implied volatility (ATM) | 52.06% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹70.80
- Implied range
- ₹1,545 – ₹1,687
- Max pain
- ₹1,700
- Implied volatility
- 52.06%
±4.38% over 4 days, from the ₹1,620 straddle
What option prices imply, not a forecast of where the stock will trade
₹84 above the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹1,700Heaviest call ₹1,700ATM ₹1,620 · PCR 0.97
At the close on Friday, 23 October 2026, Paytm options were pricing a move of ±₹70.80 by the Tuesday, 27 October 2026 expiry — a range of ₹1,545.30 to ₹1,686.90 against a closing price of ₹1,616.10. The figure is the at-the-money straddle at the ₹1,620 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 ₹1,700, ₹83.90 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 ₹1,700 with 23,64,950 contracts, and the heaviest call position at ₹1,700 with 13,52,125 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 52.06% for the Tuesday, 27 October 2026 expiry. Realised volatility for Paytm is not yet available for comparison.
This page is a record of where Paytm'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 Paytm options pricing this expiry?
- ±₹70.80, or 4.38%, giving a range of ₹1,545.30 to ₹1,686.90 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹1,620 strike.
- What is Paytm's max pain?
- ₹1,700 at the last close, against a closing price of ₹1,616.10. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the Paytm option chain?
- The largest put position sits at ₹1,700 with 23,64,950 contracts, and the largest call position at ₹1,700 with 13,52,125 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 Paytm options?
- 725 shares per lot, with strikes in steps of ₹20. At the implied move of ±₹70.80, one lot corresponds to ±₹51,330 of notional movement.