PAYTM option chain

IV vs HV, IV percentile & PCR history →

End of day 02 Nov 2026 · expiry 23 Nov 2026 (21 days) · lot 725

Spot

1,649.98

Future

1,652.20

Forward

1,653.02

23 Nov 2026 29 Dec 2026 25 Jan 2027

PCR (OI)

0.45

Puts 40.85 L / Calls 91.15 L

PCR (volume)

0.47

Puts 6,835 / Calls 14,537

Max pain

1,620

strike with least total payout to holders

Highest OI

1,660 CE · 1,600 PE

ΔOI calls +10.79 L · puts +81,925

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
·	·	·	·	·	·	·	·	·	1,320	1.75	-0.25	-0.25	-0.02	48.59	45	+5,075	76,125	Short buildup
Short buildup	5,075	+725	2	—	—	—	-43.25	291.15	1,360	2.55	-0.50	-0.33	-0.03	46.02	43	+9,425	91,350	Short buildup
Neutral	5,075	—	—	48.99	0.94	-0.47	0.00	266.00	1,380	2.85	-0.90	-0.35	-0.04	44.07	10	+1,450	21,025	Short buildup
Neutral	12,325	—	—	47.80	0.93	-0.53	0.00	282.40	1,400	4.00	-0.70	-0.44	-0.05	44.13	160	+23,200	3.22 L	Short buildup
·	·	·	·	·	·	·	·	·	1,420	4.60	-1.15	-0.48	-0.06	42.38	16	+2,900	1.04 L	Short buildup
Neutral	6,525	—	—	46.09	0.90	-0.70	0.00	250.15	1,440	6.00	-1.25	-0.57	-0.08	41.88	104	+14,500	89,900	Short buildup
Neutral	—	—	—	45.48	0.88	-0.80	0.00	276.95	1,460	7.55	-1.85	-0.65	-0.10	41.08	79	+14,500	63,075	Short buildup
Neutral	725	—	—	45.00	0.86	-0.91	0.00	180.00	1,480	9.35	-2.40	-0.74	-0.12	40.15	245	+15,225	1.89 L	Short buildup
Long buildup	27,550	+725	1	55.89	0.78	-1.50	+4.25	181.25	1,500	11.85	-3.05	-0.83	-0.14	39.57	875	−1.19 L	2.99 L	Long unwinding
Long buildup	5,075	+1,450	5	36.66	0.84	-0.81	+14.30	145.15	1,520	14.75	-3.90	-0.93	-0.17	38.84	125	+8,700	79,025	Short buildup
Neutral	17,400	—	—	44.05	0.76	-1.25	0.00	175.05	1,540	19.00	-4.25	-1.05	-0.21	38.78	602	−80,475	1.58 L	Long unwinding
Neutral	64,525	—	—	43.84	0.72	-1.35	0.00	160.00	1,560	23.75	-4.75	-1.15	-0.25	38.44	513	−15,225	1.04 L	Long unwinding
Long buildup	90,625	+1,450	6	40.72	0.69	-1.32	+3.15	105.70	1,580	29.95	-4.75	-1.25	-0.30	38.54	380	−13,775	1.32 L	Long unwinding
Long buildup	11.32 L	+2.93 L	705	37.86	0.66	-1.29	+2.05	88.85	1,600	36.30	-5.05	-1.31	-0.34	38.06	910	+31,175	7.16 L	Short buildup
Short covering	1.96 L	−15,950	296	37.89	0.60	-1.36	+1.70	77.00	1,620	44.25	-5.50	-1.37	-0.39	37.99	434	+5,800	1.28 L	Short buildup
Long buildup	5.54 L	+26,825	1,268	37.94	0.55	-1.40	+2.15	66.25	1,640	53.40	-5.70	-1.41	-0.45	38.02	817	+13,050	3.78 L	Short buildup
Long buildup	19.17 L	+6.24 L	2,814	38.04	0.50	-1.42	+1.60	56.65	1,660	63.60	-5.95	-1.42	-0.50	38.04	834	+1.04 L	3.90 L	Short buildup
Long buildup	3.49 L	+42,050	1,144	37.96	0.45	-1.40	+1.55	47.80	1,680	74.65	-5.95	-1.40	-0.55	37.94	357	+18,850	1.12 L	Short buildup
Short covering	8.98 L	−13,050	2,434	37.93	0.40	-1.37	+1.25	40.05	1,700	86.40	-5.75	-1.35	-0.60	37.63	279	+39,875	4.57 L	Short buildup
Long buildup	2.74 L	+9,425	612	37.92	0.35	-1.31	+1.20	33.30	1,720	99.10	-7.10	-1.27	-0.65	37.28	2	+1,450	82,650	Short buildup
Neutral	2.58 L	+2,175	794	37.83	0.30	-1.24	+0.70	27.35	1,740	148.75	0.00	-1.37	-0.68	41.34	—	—	7,250	Neutral
Long buildup	2.06 L	+12,325	729	37.83	0.26	-1.15	+0.55	22.35	1,760	121.70	-24.70	-0.86	-0.78	31.92	2	—	10,150	Neutral
Long buildup	1.49 L	+3,625	463	37.81	0.22	-1.05	+0.35	18.10	1,780	150.00	0.00	-1.18	-0.76	41.04	—	—	8,700	Neutral
Long buildup	8.13 L	+50,750	1,625	37.90	0.19	-0.95	+0.15	14.65	1,800	161.75	-1.65	-0.96	-0.81	38.52	3	+725	46,400	Short buildup
Short covering	1.10 L	−5,800	175	38.07	0.16	-0.86	+0.05	11.85	1,820	171.55	0.00	-0.95	-0.82	40.62	—	—	2,900	Neutral
Neutral	2.04 L	−1,450	222	38.32	0.13	-0.77	0.00	9.60	1,840	187.40	0.00	-0.83	-0.85	40.33	—	—	725	Neutral
Neutral	2.81 L	−1,450	181	38.57	0.11	-0.68	-0.05	7.75	1,860	232.30	0.00	-0.71	-0.88	39.99	—	—	1,450	Neutral
Neutral	99,325	−5,075	138	39.15	0.09	-0.61	0.00	6.45	1,880	256.55	0.00	-0.59	-0.90	39.56	—	—	—	Neutral
Short buildup	7.13 L	+24,650	656	39.50	0.08	-0.54	-0.10	5.25	1,900	231.65	0.00	-0.47	-0.92	39.01	—	—	13,050	Neutral
Long buildup	68,875	+2,900	40	40.70	0.07	-0.51	+0.20	4.70	1,920	276.45	0.00	-0.36	-0.94	38.28	—	—	725	Neutral
Short buildup	84,100	+7,250	85	41.57	0.05	-0.39	-0.05	3.20	1,960	314.50	0.00	-0.15	-0.97	35.84	—	—	725	Neutral
Short buildup	5.73 L	+18,125	142	43.12	0.04	-0.33	-0.10	2.40	2,000	·	·	·	·	·	·	·	·	·

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 6.3% (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.