RECLTD options
REC option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹8.35 | ±2.84% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹285.60 – ₹302.30 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹305 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹300 | 10,89,900 contracts — the largest put position on the chain |
| Heaviest call strike | ₹300 | 16,72,650 contracts — the largest call position on the chain |
| Put-call ratio | 0.87 | Total put open interest divided by total call open interest across the chain |
| Implied volatility (ATM) | 33.94% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹8.35
- Implied range
- ₹286 – ₹302
- Max pain
- ₹305
- Implied volatility
- 33.94%
±2.84% over 4 days, from the ₹295 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 ₹300Heaviest call ₹300ATM ₹295 · PCR 0.87
At the close on Friday, 23 October 2026, REC options were pricing a move of ±₹8.35 by the Tuesday, 27 October 2026 expiry — a range of ₹285.60 to ₹302.30 against a closing price of ₹293.95. The figure is the at-the-money straddle at the ₹295 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 ₹305, ₹11.05 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 ₹300 with 10,89,900 contracts, and the heaviest call position at ₹300 with 16,72,650 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 33.94% for the Tuesday, 27 October 2026 expiry. Realised volatility for REC is not yet available for comparison.
This page is a record of where REC'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 REC options pricing this expiry?
- ±₹8.35, or 2.84%, giving a range of ₹285.60 to ₹302.30 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹295 strike.
- What is REC's max pain?
- ₹305 at the last close, against a closing price of ₹293.95. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the REC option chain?
- The largest put position sits at ₹300 with 10,89,900 contracts, and the largest call position at ₹300 with 16,72,650 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 REC options?
- 1,575 shares per lot, with strikes in steps of ₹5. At the implied move of ±₹8.35, one lot corresponds to ±₹13,151 of notional movement.