UNIONBANK options
Union Bank of India option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹3.81 | ±2.13% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹175.09 – ₹182.71 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹175 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹170 | 36,63,900 contracts — the largest put position on the chain |
| Heaviest call strike | ₹185 | 48,58,650 contracts — the largest call position on the chain |
| Put-call ratio | 0.82 | Total put open interest divided by total call open interest across the chain |
| Implied volatility (ATM) | 23.93% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹3.81
- Implied range
- ₹175 – ₹183
- Max pain
- ₹175
- Implied volatility
- 23.93%
±2.13% over 4 days, from the ₹180 straddle
What option prices imply, not a forecast of where the stock will trade
₹4 below the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹170Heaviest call ₹185ATM ₹180 · PCR 0.82
At the close on Friday, 23 October 2026, Union Bank of India options were pricing a move of ±₹3.81 by the Tuesday, 27 October 2026 expiry — a range of ₹175.09 to ₹182.71 against a closing price of ₹178.90. The figure is the at-the-money straddle at the ₹180 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 ₹175, ₹3.90 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 ₹170 with 36,63,900 contracts, and the heaviest call position at ₹185 with 48,58,650 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 23.93% for the Tuesday, 27 October 2026 expiry. Realised volatility for Union Bank of India is not yet available for comparison.
This page is a record of where Union Bank of India'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 Union Bank of India options pricing this expiry?
- ±₹3.81, or 2.13%, giving a range of ₹175.09 to ₹182.71 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹180 strike.
- What is Union Bank of India's max pain?
- ₹175 at the last close, against a closing price of ₹178.90. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the Union Bank of India option chain?
- The largest put position sits at ₹170 with 36,63,900 contracts, and the largest call position at ₹185 with 48,58,650 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 Union Bank of India options?
- 4,425 shares per lot, with strikes in steps of ₹3. At the implied move of ±₹3.81, one lot corresponds to ±₹16,859 of notional movement.