PIIND options
PI Industries option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹103.20 | ±5.86% to the Monday, 23 November 2026 expiry, from the at-the-money straddle |
| Implied range | ₹1,657.80 – ₹1,864.20 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹1,820 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹1,700 | 3,37,225 contracts — the largest put position on the chain |
| Heaviest call strike | ₹2,000 | 10,09,925 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) | 40.34% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹103.20
- Implied range
- ₹1,658 – ₹1,864
- Max pain
- ₹1,820
- Implied volatility
- 40.34%
±5.86% over 12 days, from the ₹1,760 straddle
What option prices imply, not a forecast of where the stock will trade
₹59 above the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹1,700Heaviest call ₹2,000ATM ₹1,760 · PCR 0.52
At the close on Wednesday, 11 November 2026, PI Industries options were pricing a move of ±₹103.20 by the Monday, 23 November 2026 expiry — a range of ₹1,657.80 to ₹1,864.20 against a closing price of ₹1,761.00. The figure is the at-the-money straddle at the ₹1,760 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 ₹1,820, ₹59.00 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 3,37,225 contracts, and the heaviest call position at ₹2,000 with 10,09,925 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 40.34% for the Monday, 23 November 2026 expiry. Realised volatility for PI Industries is not yet available for comparison.
This page is a record of where PI Industries'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 PI Industries options pricing this expiry?
- ±₹103.20, or 5.86%, giving a range of ₹1,657.80 to ₹1,864.20 by Monday, 23 November 2026. The figure is derived from the at-the-money straddle at the ₹1,760 strike.
- What is PI Industries's max pain?
- ₹1,820 at the last close, against a closing price of ₹1,761.00. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the PI Industries option chain?
- The largest put position sits at ₹1,700 with 3,37,225 contracts, and the largest call position at ₹2,000 with 10,09,925 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 PI Industries options?
- 175 shares per lot, with strikes in steps of ₹20. At the implied move of ±₹103.20, one lot corresponds to ±₹18,060 of notional movement.