BPCL option chain

IV vs HV, IV percentile & PCR history →

End of day 02 Nov 2026 · expiry 23 Nov 2026 (21 days) · lot 1975

Spot

293.05

Future

294.20

Forward

294.48

23 Nov 2026 29 Dec 2026 25 Jan 2027

PCR (OI)

0.94

Puts 67.05 L / Calls 71.16 L

PCR (volume)

0.56

Puts 2,742 / Calls 4,863

Max pain

295

strike with least total payout to holders

Highest OI

300 CE · 290 PE

ΔOI calls −4.74 L · puts +1.01 L

Open interest by strike

CallsPuts│ ATM┊ Max pain

Calls										Puts
Buildup	OI	ΔOI	Volume	IV %	Delta	Theta	Chg	LTP	Strike	LTP	Chg	Theta	Delta	IV %	Volume	ΔOI	OI	Buildup
Neutral	1,975	—	—	—	—	—	0.00	55.95	230	0.20	0.00	-0.00	-0.00	34.96	—	—	25,675	Neutral
Long buildup	11,850	+1,975	1	50.78	0.96	-0.07	+2.60	54.90	240	0.25	-0.05	-0.04	-0.02	43.22	7	—	39,500	Neutral
Neutral	13,825	—	—	—	—	—	0.00	41.00	250	0.40	-0.25	-0.05	-0.04	38.85	33	+1,975	7.27 L	Neutral
Neutral	5,925	—	—	—	—	—	0.00	26.95	255	0.45	-0.45	-0.05	-0.04	35.74	10	−11,850	96,775	Long unwinding
Neutral	9,875	—	—	—	—	—	0.00	31.00	260	0.65	-0.45	-0.07	-0.06	34.37	131	+3,950	3.20 L	Short buildup
Neutral	5,925	—	—	22.07	0.98	-0.01	0.00	18.85	265	0.85	-0.75	-0.08	-0.08	32.21	122	+13,825	1.80 L	Short buildup
Neutral	53,325	—	—	25.45	0.92	-0.05	0.00	22.20	270	1.25	-1.10	-0.10	-0.11	30.98	244	−23,700	3.87 L	Long unwinding
Neutral	49,375	—	—	26.68	0.86	-0.09	0.00	14.05	275	1.80	-1.65	-0.12	-0.16	29.63	210	−39,500	2.77 L	Long unwinding
Short covering	6.50 L	−9,875	57	30.40	0.76	-0.15	+6.50	17.45	280	2.60	-2.25	-0.14	-0.22	28.40	548	−82,950	6.85 L	Long unwinding
Short covering	2.82 L	−75,050	115	28.59	0.69	-0.17	+5.55	13.50	285	3.80	-3.05	-0.16	-0.30	27.55	470	+57,275	4.74 L	Short buildup
Short covering	10.78 L	−2.90 L	964	26.58	0.61	-0.17	+4.30	9.85	290	5.50	-4.10	-0.17	-0.39	27.00	721	+1.84 L	10.84 L	Short buildup
Short covering	4.31 L	−53,325	727	26.00	0.50	-0.17	+3.40	7.05	295	7.60	-4.85	-0.17	-0.50	26.12	106	+79,000	2.75 L	Short buildup
Short covering	18.98 L	−84,925	1,483	25.66	0.39	-0.16	+2.40	4.85	300	10.35	-5.70	-0.16	-0.61	25.66	104	−43,450	9.01 L	Long unwinding
Long buildup	3.12 L	+23,700	399	25.45	0.29	-0.15	+1.65	3.20	305	17.50	0.00	-0.18	-0.67	30.31	—	—	9,875	Neutral
Neutral	9.32 L	−3,950	775	25.44	0.21	-0.12	+1.05	2.05	310	17.55	-7.50	-0.12	-0.79	25.62	5	−5,925	1.52 L	Long unwinding
Long buildup	2.67 L	+39,500	113	25.69	0.14	-0.10	+0.60	1.30	315	20.70	0.00	-0.14	-0.80	31.12	—	—	3.18 L	Neutral
Long buildup	4.50 L	+9,875	145	26.33	0.10	-0.08	+0.40	0.85	320	25.90	+1.00	-0.05	-0.93	22.85	9	+11,850	4.48 L	Long buildup
Long buildup	2.82 L	+3,950	14	27.47	0.07	-0.06	+0.25	0.60	325	41.35	0.00	-0.10	-0.89	32.61	—	—	7,900	Neutral
Short covering	92,825	−25,675	36	28.20	0.05	-0.05	+0.10	0.40	330	39.35	-3.30	-0.24	-0.80	52.84	2	−3,950	98,750	Long unwinding
Short covering	98,750	−7,900	6	29.52	0.04	-0.04	+0.10	0.30	335	46.55	0.00	-0.07	-0.93	35.20	—	—	9,875	Neutral
Neutral	94,800	−5,925	13	30.15	0.03	-0.03	0.00	0.20	340	49.00	0.00	-0.06	-0.94	36.95	—	—	11,850	Neutral
Neutral	94,800	+3,950	15	31.84	0.01	-0.02	0.00	0.10	350	56.50	-6.75	-0.11	-0.92	49.03	20	−39,500	1.78 L	Long unwinding

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 6.36% (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.