TECHM options
Tech Mahindra option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹44.40 | ±2.48% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹1,745.60 – ₹1,834.40 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹1,660 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹1,500 | 10,39,800 contracts — the largest put position on the chain |
| Heaviest call strike | ₹1,540 | 17,21,400 contracts — the largest call position on the chain |
| Put-call ratio | 1.04 | Total put open interest divided by total call open interest across the chain |
| Implied volatility (ATM) | 29.60% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹44.40
- Implied range
- ₹1,746 – ₹1,834
- Max pain
- ₹1,660
- Implied volatility
- 29.60%
±2.48% over 4 days, from the ₹1,780 straddle
What option prices imply, not a forecast of where the stock will trade
₹130 below the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹1,500Heaviest call ₹1,540ATM ₹1,780 · PCR 1.04
At the close on Friday, 23 October 2026, Tech Mahindra options were pricing a move of ±₹44.40 by the Tuesday, 27 October 2026 expiry — a range of ₹1,745.60 to ₹1,834.40 against a closing price of ₹1,790.00. The figure is the at-the-money straddle at the ₹1,780 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 ₹1,660, ₹130.00 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 ₹1,500 with 10,39,800 contracts, and the heaviest call position at ₹1,540 with 17,21,400 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 29.60% for the Tuesday, 27 October 2026 expiry. Realised volatility for Tech Mahindra is not yet available for comparison.
This page is a record of where Tech Mahindra'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 Tech Mahindra options pricing this expiry?
- ±₹44.40, or 2.48%, giving a range of ₹1,745.60 to ₹1,834.40 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹1,780 strike.
- What is Tech Mahindra's max pain?
- ₹1,660 at the last close, against a closing price of ₹1,790.00. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the Tech Mahindra option chain?
- The largest put position sits at ₹1,500 with 10,39,800 contracts, and the largest call position at ₹1,540 with 17,21,400 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 Tech Mahindra options?
- 600 shares per lot, with strikes in steps of ₹20. At the implied move of ±₹44.40, one lot corresponds to ±₹26,640 of notional movement.