SAIL options
SAIL option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹2.15 | ±1.31% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹162.19 – ₹166.49 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹170 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹170 | 35,01,500 contracts — the largest put position on the chain |
| Heaviest call strike | ₹180 | 33,93,400 contracts — the largest call position on the chain |
| Put-call ratio | 0.88 | Total put open interest divided by total call open interest across the chain |
| Implied volatility (ATM) | 11.23% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹2.15
- Implied range
- ₹162 – ₹166
- Max pain
- ₹170
- Implied volatility
- 11.23%
±1.31% over 4 days, from the ₹165 straddle
What option prices imply, not a forecast of where the stock will trade
₹6 above the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹170Heaviest call ₹180ATM ₹165 · PCR 0.88
At the close on Friday, 23 October 2026, SAIL options were pricing a move of ±₹2.15 by the Tuesday, 27 October 2026 expiry — a range of ₹162.19 to ₹166.49 against a closing price of ₹164.34. The figure is the at-the-money straddle at the ₹165 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 ₹170, ₹5.66 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 ₹170 with 35,01,500 contracts, and the heaviest call position at ₹180 with 33,93,400 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 11.23% for the Tuesday, 27 October 2026 expiry. Realised volatility for SAIL is not yet available for comparison.
This page is a record of where SAIL'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 SAIL options pricing this expiry?
- ±₹2.15, or 1.31%, giving a range of ₹162.19 to ₹166.49 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹165 strike.
- What is SAIL's max pain?
- ₹170 at the last close, against a closing price of ₹164.34. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the SAIL option chain?
- The largest put position sits at ₹170 with 35,01,500 contracts, and the largest call position at ₹180 with 33,93,400 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 SAIL options?
- 4,700 shares per lot, with strikes in steps of ₹3. At the implied move of ±₹2.15, one lot corresponds to ±₹10,105 of notional movement.