UNITDSPR options
United Spirits option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹22.20 | ±1.77% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹1,229.80 – ₹1,274.20 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹1,360 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹1,300 | 4,01,200 contracts — the largest put position on the chain |
| Heaviest call strike | ₹1,440 | 2,57,600 contracts — the largest call position on the chain |
| Put-call ratio | 1.10 | Total put open interest divided by total call open interest across the chain |
| Implied volatility (ATM) | 19.77% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹22.20
- Implied range
- ₹1,230 – ₹1,274
- Max pain
- ₹1,360
- Implied volatility
- 19.77%
±1.77% over 4 days, from the ₹1,260 straddle
What option prices imply, not a forecast of where the stock will trade
₹108 above the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹1,300Heaviest call ₹1,440ATM ₹1,260 · PCR 1.10
At the close on Friday, 23 October 2026, United Spirits options were pricing a move of ±₹22.20 by the Tuesday, 27 October 2026 expiry — a range of ₹1,229.80 to ₹1,274.20 against a closing price of ₹1,252.00. The figure is the at-the-money straddle at the ₹1,260 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 ₹1,360, ₹108.00 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 ₹1,300 with 4,01,200 contracts, and the heaviest call position at ₹1,440 with 2,57,600 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 19.77% for the Tuesday, 27 October 2026 expiry. Realised volatility for United Spirits is not yet available for comparison.
This page is a record of where United Spirits'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 United Spirits options pricing this expiry?
- ±₹22.20, or 1.77%, giving a range of ₹1,229.80 to ₹1,274.20 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹1,260 strike.
- What is United Spirits's max pain?
- ₹1,360 at the last close, against a closing price of ₹1,252.00. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the United Spirits option chain?
- The largest put position sits at ₹1,300 with 4,01,200 contracts, and the largest call position at ₹1,440 with 2,57,600 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 United Spirits options?
- 400 shares per lot, with strikes in steps of ₹20. At the implied move of ±₹22.20, one lot corresponds to ±₹8,880 of notional movement.