BHEL option chain
IV vs HV, IV percentile & PCR history →End of day 02 Nov 2026 · expiry 23 Nov 2026 (21 days) · lot 2625
Spot
394.94
Future
396.10
Forward
396.17
PCR (OI)
0.50
Puts 2.00 Cr / Calls 4.01 Cr
PCR (volume)
0.48
Puts 7,741 / Calls 16,261
Max pain
400
strike with least total payout to holders
Highest OI
400 CE · 380 PE
ΔOI calls −2.78 L · puts +3.41 L
Open interest by strike
CallsPuts│ ATM┊ Max pain
| Calls | Puts | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buildup | OI | ΔOI | IV % | Chg | LTP | Strike | LTP | Chg | IV % | ΔOI | OI | Buildup | ||||||
| Neutral | 5,250 | — | 41.34 | 0.00 | 82.00 | 320 | 0.35 | -0.20 | 45.12 | +18,375 | 3.52 L | Short buildup | ||||||
| · | · | · | · | · | · | · | · | · | 330 | 0.50 | -0.35 | 42.00 | −26,250 | 3.65 L | Long unwinding | |||
| Neutral | 1.10 L | — | 39.50 | 0.00 | 65.50 | 340 | 0.90 | -0.45 | 40.72 | −94,500 | 7.09 L | Long unwinding | ||||||
| Neutral | 47,250 | — | 39.11 | 0.00 | 54.90 | 350 | 1.40 | -0.75 | 38.32 | −13,125 | 10.34 L | Long unwinding | ||||||
| Neutral | 1.29 L | — | 38.95 | 0.00 | 42.20 | 360 | 2.40 | -1.20 | 37.06 | −1.55 L | 12.42 L | Long unwinding | ||||||
| Long buildup | 3.41 L | +5,250 | 34.09 | +3.95 | 29.60 | 370 | 3.90 | -1.80 | 35.55 | +2.91 L | 17.95 L | Short buildup | ||||||
| Short covering | 8.11 L | −36,750 | 34.63 | +3.60 | 22.45 | 380 | 6.35 | -2.55 | 34.68 | +18,375 | 28.69 L | Neutral | ||||||
| Neutral | 18.11 L | −10,500 | 34.13 | +2.75 | 16.10 | 390 | 9.95 | -3.50 | 34.13 | +2.18 L | 24.65 L | Short buildup | ||||||
| Short covering | 65.28 L | −1.76 L | 33.77 | +1.95 | 11.00 | 400 | 14.80 | -4.35 | 33.73 | +1.16 L | 28.06 L | Short buildup | ||||||
| Short covering | 42.87 L | −1.21 L | 33.96 | +1.25 | 7.30 | 410 | 21.00 | -5.00 | 33.72 | −10,500 | 12.49 L | Neutral | ||||||
| Short covering | 36.12 L | −1.18 L | 34.31 | +0.80 | 4.70 | 420 | 28.60 | -5.10 | 34.81 | −15,750 | 17.32 L | Neutral | ||||||
| Long buildup | 40.95 L | +2.28 L | 35.17 | +0.45 | 3.05 | 430 | 36.40 | -5.65 | 33.65 | −5,250 | 13.02 L | Neutral | ||||||
| Long buildup | 46.75 L | +49,875 | 35.99 | +0.25 | 1.95 | 440 | 44.55 | -4.55 | 29.29 | — | 4.99 L | Neutral | ||||||
| Short covering | 51.84 L | −1.52 L | 37.58 | +0.10 | 1.35 | 450 | 60.00 | 0.00 | 38.20 | — | 10.61 L | Neutral | ||||||
| Long buildup | 23.84 L | +42,000 | 39.59 | +0.10 | 1.00 | 460 | 52.35 | 0.00 | 37.95 | — | 2.26 L | Neutral | ||||||
| Long buildup | 11.60 L | +31,500 | 40.95 | +0.05 | 0.70 | 470 | 73.60 | 0.00 | 37.68 | — | 78,750 | Neutral | ||||||
| Long buildup | 11.63 L | +42,000 | 42.34 | +0.05 | 0.50 | 480 | 72.00 | 0.00 | 37.10 | — | 39,375 | Neutral | ||||||
| Neutral | 3.57 L | −15,750 | 44.38 | 0.00 | 0.40 | 490 | · | · | · | · | · | · | · | · | · | |||
| Neutral | 26.59 L | −73,500 | 45.83 | 0.00 | 0.30 | 500 | 91.00 | 0.00 | 31.83 | — | 34,125 | Neutral | ||||||
| Neutral | 1.81 L | −21,000 | 47.84 | 0.00 | 0.25 | 510 | · | · | · | · | · | · | · | · | · | |||
| Neutral | 5.46 L | +47,250 | 49.44 | 0.00 | 0.20 | 520 | 115.40 | 0.00 | — | — | 1.78 L | Neutral | ||||||
Source: NSE F&O bhavcopy (EOD, official). Black-76 on the forward; IV from close (settle if untraded). Forward: put-call parity, median of 5 near-ATM strikes. Discounting at 5.87% (carry implied by 23 Nov → 29 Dec futures). Buildup labels describe price and open-interest changes only and are not advice. Spot: NSE F&O bhavcopy underlying price.