TATASTEEL options
Tata Steel option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹3.58 | ±2.14% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹164.09 – ₹171.25 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹180 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹180 | 62,64,500 contracts — the largest put position on the chain |
| Heaviest call strike | ₹200 | 2,00,77,750 contracts — the largest call position on the chain |
| Put-call ratio | 0.54 | Total put open interest divided by total call open interest across the chain |
| Implied volatility (ATM) | 24.91% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹3.58
- Implied range
- ₹164 – ₹171
- Max pain
- ₹180
- Implied volatility
- 24.91%
±2.14% over 4 days, from the ₹168 straddle
What option prices imply, not a forecast of where the stock will trade
₹12 above the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹180Heaviest call ₹200ATM ₹168 · PCR 0.54
At the close on Friday, 23 October 2026, Tata Steel options were pricing a move of ±₹3.58 by the Tuesday, 27 October 2026 expiry — a range of ₹164.09 to ₹171.25 against a closing price of ₹167.67. The figure is the at-the-money straddle at the ₹168 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 ₹180, ₹12.33 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 ₹180 with 62,64,500 contracts, and the heaviest call position at ₹200 with 2,00,77,750 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 24.91% for the Tuesday, 27 October 2026 expiry. Realised volatility for Tata Steel is not yet available for comparison.
This page is a record of where Tata Steel'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 Tata Steel options pricing this expiry?
- ±₹3.58, or 2.14%, giving a range of ₹164.09 to ₹171.25 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹168 strike.
- What is Tata Steel's max pain?
- ₹180 at the last close, against a closing price of ₹167.67. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the Tata Steel option chain?
- The largest put position sits at ₹180 with 62,64,500 contracts, and the largest call position at ₹200 with 2,00,77,750 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 Tata Steel options?
- 2,750 shares per lot, with strikes in steps of ₹3. At the implied move of ±₹3.58, one lot corresponds to ±₹9,845 of notional movement.