VBL options
Varun Beverages option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹7.65 | ±1.94% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹387.45 – ₹402.75 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹425 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹440 | 15,05,775 contracts — the largest put position on the chain |
| Heaviest call strike | ₹410 | 19,38,000 contracts — the largest call position on the chain |
| Put-call ratio | 0.57 | Total put open interest divided by total call open interest across the chain |
| Implied volatility (ATM) | 22.70% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹7.65
- Implied range
- ₹387 – ₹403
- Max pain
- ₹425
- Implied volatility
- 22.70%
±1.94% over 4 days, from the ₹395 straddle
What option prices imply, not a forecast of where the stock will trade
₹30 above the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹440Heaviest call ₹410ATM ₹395 · PCR 0.57
At the close on Friday, 23 October 2026, Varun Beverages options were pricing a move of ±₹7.65 by the Tuesday, 27 October 2026 expiry — a range of ₹387.45 to ₹402.75 against a closing price of ₹395.10. The figure is the at-the-money straddle at the ₹395 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 ₹425, ₹29.90 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 ₹440 with 15,05,775 contracts, and the heaviest call position at ₹410 with 19,38,000 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 22.70% for the Tuesday, 27 October 2026 expiry. Realised volatility for Varun Beverages is not yet available for comparison.
This page is a record of where Varun Beverages'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 Varun Beverages options pricing this expiry?
- ±₹7.65, or 1.94%, giving a range of ₹387.45 to ₹402.75 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹395 strike.
- What is Varun Beverages's max pain?
- ₹425 at the last close, against a closing price of ₹395.10. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the Varun Beverages option chain?
- The largest put position sits at ₹440 with 15,05,775 contracts, and the largest call position at ₹410 with 19,38,000 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 Varun Beverages options?
- 1,275 shares per lot, with strikes in steps of ₹5. At the implied move of ±₹7.65, one lot corresponds to ±₹9,754 of notional movement.