TORNTPHARM options
Torrent Pharmaceuticals option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹164.15 | ±3.63% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹4,360.25 – ₹4,688.55 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹4,600 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹4,700 | 38,000 contracts — the largest put position on the chain |
| Heaviest call strike | ₹5,000 | 1,13,625 contracts — the largest call position on the chain |
| Put-call ratio | 0.50 | Total put open interest divided by total call open interest across the chain |
| Implied volatility (ATM) | 43.66% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹164.15
- Implied range
- ₹4,360 – ₹4,689
- Max pain
- ₹4,600
- Implied volatility
- 43.66%
±3.63% over 4 days, from the ₹4,500 straddle
What option prices imply, not a forecast of where the stock will trade
₹76 above the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹4,700Heaviest call ₹5,000ATM ₹4,500 · PCR 0.50
At the close on Friday, 23 October 2026, Torrent Pharmaceuticals options were pricing a move of ±₹164.15 by the Tuesday, 27 October 2026 expiry — a range of ₹4,360.25 to ₹4,688.55 against a closing price of ₹4,524.40. The figure is the at-the-money straddle at the ₹4,500 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 ₹4,600, ₹75.60 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 ₹4,700 with 38,000 contracts, and the heaviest call position at ₹5,000 with 1,13,625 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 43.66% for the Tuesday, 27 October 2026 expiry. Realised volatility for Torrent Pharmaceuticals is not yet available for comparison.
This page is a record of where Torrent Pharmaceuticals'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 Torrent Pharmaceuticals options pricing this expiry?
- ±₹164.15, or 3.63%, giving a range of ₹4,360.25 to ₹4,688.55 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹4,500 strike.
- What is Torrent Pharmaceuticals's max pain?
- ₹4,600 at the last close, against a closing price of ₹4,524.40. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the Torrent Pharmaceuticals option chain?
- The largest put position sits at ₹4,700 with 38,000 contracts, and the largest call position at ₹5,000 with 1,13,625 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 Torrent Pharmaceuticals options?
- 125 shares per lot, with strikes in steps of ₹50. At the implied move of ±₹164.15, one lot corresponds to ±₹20,519 of notional movement.