RELIANCE options
Reliance Industries option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹19.50 | ±1.64% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹1,170.50 – ₹1,209.50 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹1,200 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹1,160 | 59,55,000 contracts — the largest put position on the chain |
| Heaviest call strike | ₹1,200 | 97,53,000 contracts — the largest call position on the chain |
| Put-call ratio | 0.57 | Total put open interest divided by total call open interest across the chain |
| Implied volatility (ATM) | 19.53% | Against 16.09% realised over the last 30 sessions |
- Market-implied move
- ±₹19.50
- Implied range
- ₹1,171 – ₹1,210
- Max pain
- ₹1,200
- Implied volatility
- 19.53%
±1.64% over 4 days, from the ₹1,190 straddle
What option prices imply, not a forecast of where the stock will trade
₹10 above the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹1,160Heaviest call ₹1,200ATM ₹1,190 · PCR 0.57
At the close on Friday, 23 October 2026, Reliance Industries options were pricing a move of ±₹19.50 by the Tuesday, 27 October 2026 expiry — a range of ₹1,170.50 to ₹1,209.50 against a closing price of ₹1,190.00. The figure is the at-the-money straddle at the ₹1,190 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 ₹1,200, ₹10.00 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 ₹1,160 with 59,55,000 contracts, and the heaviest call position at ₹1,200 with 97,53,000 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 19.53%, against realised volatility of 16.09% over Reliance Industries's last 30 sessions — a spread of +3.44 points. That realised figure sits in the 15th percentile of the last two years, which ranged from 9.94% to 31.24%. Both figures are stated as measured; what they imply about whether options are worth buying or writing is a judgement for the reader, not this page.
This page is a record of where Reliance Industries'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 Reliance Industries options pricing this expiry?
- ±₹19.50, or 1.64%, giving a range of ₹1,170.50 to ₹1,209.50 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹1,190 strike.
- What is Reliance Industries's max pain?
- ₹1,200 at the last close, against a closing price of ₹1,190.00. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the Reliance Industries option chain?
- The largest put position sits at ₹1,160 with 59,55,000 contracts, and the largest call position at ₹1,200 with 97,53,000 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.
- How does Reliance Industries's implied volatility compare with its own history?
- At-the-money implied volatility was 19.53%. Realised volatility over the last 30 sessions was 16.09%, a spread of 3.44 points. That realised figure sits in the 15th percentile of the last two years.
- What is the lot size for Reliance Industries options?
- 500 shares per lot, with strikes in steps of ₹10. At the implied move of ±₹19.50, one lot corresponds to ±₹9,750 of notional movement.