PIIND option chain

IV vs HV, IV percentile & PCR history →

End of day 02 Nov 2026 · expiry 23 Nov 2026 (21 days) · lot 175

Spot

2,166.22

Future

2,178.80

Forward

2,179.40

23 Nov 2026 29 Dec 2026 25 Jan 2027

PCR (OI)

1.05

Puts 8.73 L / Calls 8.34 L

PCR (volume)

0.53

Puts 6,273 / Calls 11,856

Max pain

2,140

strike with least total payout to holders

Highest OI

2,200 CE · 2,100 PE

ΔOI calls +1.25 L · puts +2.44 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	—	—	—	—	—	—	0.00	585.55	1,720	1.75	-4.25	-0.27	-0.02	48.57	20	−175	2,450	Long unwinding
Neutral	—	—	—	—	—	—	0.00	546.75	1,760	2.50	-1.95	-0.35	-0.03	47.14	60	−7,525	4,375	Long unwinding
Neutral	175	—	—	—	—	—	0.00	276.90	1,800	4.05	-2.00	-0.50	-0.04	46.89	51	+3,500	36,575	Short buildup
·	·	·	·	·	·	·	·	·	1,820	4.00	-4.25	-0.48	-0.04	44.54	41	−175	4,725	Long unwinding
Neutral	—	—	—	—	—	—	0.00	470.60	1,840	4.95	-4.65	-0.56	-0.05	44.20	31	+350	11,200	Short buildup
Neutral	350	—	—	—	—	—	0.00	171.45	1,860	5.60	-5.85	-0.60	-0.06	43.04	422	+46,200	55,650	Short buildup
Neutral	525	—	—	—	—	—	0.00	152.60	1,880	7.70	-5.85	-0.75	-0.07	43.87	73	−4,200	13,825	Long unwinding
Long buildup	1,750	+1,050	18	—	—	—	+124.25	272.85	1,900	8.25	-8.00	-0.77	-0.08	42.15	238	+7,000	37,800	Short buildup
Neutral	350	—	—	—	—	—	0.00	135.20	1,920	10.15	-9.40	-0.88	-0.10	41.93	50	−4,025	7,000	Long unwinding
Neutral	3,150	—	—	—	—	—	0.00	146.40	1,940	11.85	-10.75	-0.96	-0.11	41.16	145	−2,275	12,950	Long unwinding
Neutral	4,200	—	—	—	—	—	0.00	143.55	1,960	14.20	-10.95	-1.06	-0.13	40.74	131	−6,650	6,475	Long unwinding
Short covering	8,400	−175	1	—	—	—	+53.20	192.35	1,980	16.30	-13.80	-1.13	-0.15	39.80	54	−1,225	5,775	Long unwinding
Neutral	22,050	+175	32	32.42	0.87	-0.80	+59.80	189.80	2,000	19.80	-16.45	-1.25	-0.17	39.69	1,479	+77,175	1.49 L	Short buildup
Neutral	8,400	—	—	24.95	0.90	-0.50	0.00	127.95	2,020	24.05	-17.00	-1.37	-0.20	39.72	81	−2,800	25,725	Long unwinding
Long buildup	13,300	+175	2	43.70	0.75	-1.69	+63.35	174.25	2,040	29.10	-20.05	-1.50	-0.23	39.85	140	+5,600	32,900	Short buildup
Short covering	17,150	−1,050	17	36.42	0.75	-1.40	+48.95	147.90	2,060	33.75	-24.15	-1.58	-0.26	39.34	176	−525	28,350	Long unwinding
Long buildup	16,975	+1,750	54	39.32	0.70	-1.66	+48.65	138.95	2,080	39.10	-26.65	-1.65	-0.29	38.89	308	+11,375	36,575	Short buildup
Short covering	75,425	−53,200	1,171	38.84	0.67	-1.72	+46.30	125.00	2,100	46.05	-29.80	-1.74	-0.33	38.94	1,336	+58,800	1.68 L	Short buildup
Short covering	16,625	−2,100	307	38.39	0.63	-1.77	+43.40	111.80	2,120	53.30	-29.75	-1.80	-0.36	38.75	98	+2,450	16,100	Short buildup
Long buildup	18,725	+6,475	491	37.36	0.60	-1.78	+36.60	98.15	2,140	61.05	-35.40	-1.84	-0.40	38.43	478	+18,550	28,350	Short buildup
Long buildup	19,775	+4,725	319	38.12	0.56	-1.85	+35.30	88.90	2,160	71.20	-82.00	-1.90	-0.44	38.91	40	+2,100	3,675	Short buildup
Long buildup	25,025	+11,900	683	38.16	0.52	-1.87	+34.00	79.00	2,180	79.60	-89.50	-1.87	-0.48	38.16	39	+3,150	3,500	Short buildup
Long buildup	1.02 L	+12,250	3,727	38.46	0.48	-1.89	+30.95	70.45	2,200	90.90	-49.10	-1.88	-0.52	38.42	625	+30,625	43,750	Short buildup
Long buildup	11,900	+3,850	327	37.98	0.44	-1.85	+27.90	61.05	2,220	101.20	-127.65	-1.83	-0.56	37.83	88	+6,300	8,575	Short buildup
Long buildup	13,825	+7,700	831	37.97	0.40	-1.81	+29.80	53.40	2,240	246.00	0.00	-1.48	-0.62	31.90	—	—	175	Neutral
Long buildup	39,200	+30,625	577	38.13	0.36	-1.77	+22.35	46.80	2,260	266.55	0.00	-1.43	-0.67	32.14	—	—	4,025	Neutral
Long buildup	36,050	+30,275	385	38.35	0.33	-1.71	+18.45	41.00	2,280	283.60	0.00	-1.37	-0.70	32.42	—	—	525	Neutral
Long buildup	1.01 L	+26,950	1,302	38.56	0.30	-1.65	+16.90	35.80	2,300	154.85	-80.15	-1.59	-0.71	37.91	8	—	13,475	Neutral
Long buildup	12,775	+1,050	80	38.46	0.26	-1.55	+15.35	30.65	2,320	314.90	0.00	-1.21	-0.77	33.11	—	—	1,050	Neutral
Long buildup	25,550	+875	112	38.74	0.24	-1.48	+13.45	26.70	2,340	340.00	0.00	-1.14	-0.80	33.54	—	—	3,500	Neutral
Short covering	12,425	−1,575	105	39.10	0.21	-1.40	+11.15	23.35	2,360	152.05	0.00	-1.06	-0.82	34.04	—	—	—	Neutral
Long buildup	19,425	+1,050	184	39.00	0.19	-1.29	+9.00	19.75	2,380	376.15	0.00	-0.99	-0.84	34.62	—	—	350	Neutral
Long buildup	64,400	+12,775	536	39.20	0.16	-1.20	+8.10	17.00	2,400	343.05	0.00	-0.92	-0.86	35.28	—	—	7,525	Neutral
Long buildup	11,725	+2,275	59	39.53	0.15	-1.12	+6.70	14.75	2,420	·	·	·	·	·	·	·	·	·
Long buildup	11,200	+2,625	55	39.82	0.13	-1.03	+5.90	12.75	2,440	360.00	0.00	-0.81	-0.89	36.88	—	—	13,125	Neutral
Neutral	8,925	—	—	29.40	0.05	-0.35	0.00	6.00	2,460	·	·	·	·	·	·	·	·	·
Long buildup	9,275	+700	8	40.61	0.10	-0.89	+4.60	9.70	2,480	·	·	·	·	·	·	·	·	·
Long buildup	37,450	+3,675	262	40.74	0.09	-0.80	+3.75	8.25	2,500	330.00	-73.90	-0.90	-0.90	43.25	25	+2,975	19,250	Short buildup
·	·	·	·	·	·	·	·	·	2,520	358.00	0.00	-0.69	-0.92	41.13	—	—	350	Neutral
Long buildup	11,025	+2,625	29	41.48	0.07	-0.68	+2.90	6.25	2,540	495.00	0.00	-0.67	-0.92	42.37	—	—	8,750	Neutral
Long buildup	8,225	+5,075	44	41.94	0.06	-0.62	+2.25	5.50	2,560	374.00	-73.00	—	—	—	6	+700	1,750	Short buildup
Long buildup	27,300	+8,925	90	42.70	0.05	-0.52	+1.60	4.20	2,600	425.00	-75.00	-0.60	-0.94	45.51	22	−2,625	20,125	Long unwinding
Long buildup	17,675	+4,025	48	43.05	0.04	-0.42	+1.15	3.05	2,640	455.35	-134.65	—	—	—	8	−175	35,700	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 5.73% (91-day T-bill 5.73% (RBI, week of 16 Oct 2026)). Buildup labels describe price and open-interest changes only and are not advice. Spot: NSE F&O bhavcopy underlying price.