ULTRACEMCO options
Ultratech Cement option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹117.25 | ±1.06% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹10,932.75 – ₹11,167.25 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹11,000 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹10,700 | 53,600 contracts — the largest put position on the chain |
| Heaviest call strike | ₹11,500 | 1,61,100 contracts — the largest call position on the chain |
| Put-call ratio | 0.52 | Total put open interest divided by total call open interest across the chain |
| Implied volatility (ATM) | 13.14% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹117.25
- Implied range
- ₹10,933 – ₹11,167
- Max pain
- ₹11,000
- Implied volatility
- 13.14%
±1.06% over 4 days, from the ₹11,000 straddle
What option prices imply, not a forecast of where the stock will trade
₹50 below the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹10,700Heaviest call ₹11,500ATM ₹11,000 · PCR 0.52
At the close on Friday, 23 October 2026, Ultratech Cement options were pricing a move of ±₹117.25 by the Tuesday, 27 October 2026 expiry — a range of ₹10,932.75 to ₹11,167.25 against a closing price of ₹11,050.00. The figure is the at-the-money straddle at the ₹11,000 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 ₹11,000, ₹50.00 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 ₹10,700 with 53,600 contracts, and the heaviest call position at ₹11,500 with 1,61,100 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 13.14% for the Tuesday, 27 October 2026 expiry. Realised volatility for Ultratech Cement is not yet available for comparison.
This page is a record of where Ultratech Cement'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 Ultratech Cement options pricing this expiry?
- ±₹117.25, or 1.06%, giving a range of ₹10,932.75 to ₹11,167.25 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹11,000 strike.
- What is Ultratech Cement's max pain?
- ₹11,000 at the last close, against a closing price of ₹11,050.00. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the Ultratech Cement option chain?
- The largest put position sits at ₹10,700 with 53,600 contracts, and the largest call position at ₹11,500 with 1,61,100 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 Ultratech Cement options?
- 50 shares per lot, with strikes in steps of ₹100. At the implied move of ±₹117.25, one lot corresponds to ±₹5,863 of notional movement.