TCS options
TCS option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹67.60 | ±2.67% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹2,462.40 – ₹2,597.60 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹2,300 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹2,200 | 16,39,125 contracts — the largest put position on the chain |
| Heaviest call strike | ₹2,400 | 11,88,900 contracts — the largest call position on the chain |
| Put-call ratio | 1.11 | Total put open interest divided by total call open interest across the chain |
| Implied volatility (ATM) | 31.68% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹67.60
- Implied range
- ₹2,462 – ₹2,598
- Max pain
- ₹2,300
- Implied volatility
- 31.68%
±2.67% over 4 days, from the ₹2,520 straddle
What option prices imply, not a forecast of where the stock will trade
₹230 below the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹2,200Heaviest call ₹2,400ATM ₹2,520 · PCR 1.11
At the close on Friday, 23 October 2026, TCS options were pricing a move of ±₹67.60 by the Tuesday, 27 October 2026 expiry — a range of ₹2,462.40 to ₹2,597.60 against a closing price of ₹2,530.00. The figure is the at-the-money straddle at the ₹2,520 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 ₹2,300, ₹230.00 below 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 ₹2,200 with 16,39,125 contracts, and the heaviest call position at ₹2,400 with 11,88,900 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 31.68% for the Tuesday, 27 October 2026 expiry. Realised volatility for TCS is not yet available for comparison.
This page is a record of where TCS'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 TCS options pricing this expiry?
- ±₹67.60, or 2.67%, giving a range of ₹2,462.40 to ₹2,597.60 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹2,520 strike.
- What is TCS's max pain?
- ₹2,300 at the last close, against a closing price of ₹2,530.00. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the TCS option chain?
- The largest put position sits at ₹2,200 with 16,39,125 contracts, and the largest call position at ₹2,400 with 11,88,900 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 TCS options?
- 225 shares per lot, with strikes in steps of ₹20. At the implied move of ±₹67.60, one lot corresponds to ±₹15,210 of notional movement.