TCS option chain

IV vs HV, IV percentile & PCR history →

End of day 02 Nov 2026 · expiry 23 Nov 2026 (21 days) · lot 225

Spot

2,501.66

Future

2,506.00

Forward

2,505.18

23 Nov 2026 29 Dec 2026 25 Jan 2027

PCR (OI)

1.00

Puts 89.02 L / Calls 89.22 L

PCR (volume)

0.85

Puts 38,666 / Calls 45,274

Max pain

2,500

strike with least total payout to holders

Highest OI

2,500 CE · 2,300 PE

ΔOI calls +3.94 L · puts +3.44 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	1,350	—	—	83.22	0.97	-0.54	0.00	800.00	1,720	0.85	0.00	-0.17	-0.01	65.05	3	+675	6,300	Neutral
·	·	·	·	·	·	·	·	·	1,760	12.05	0.00	-0.00	-0.00	41.47	—	—	225	Neutral
Neutral	18,675	—	—	74.49	0.97	-0.53	0.00	633.00	1,800	0.85	0.00	-0.00	-0.00	38.97	—	—	79,200	Neutral
Neutral	1,125	—	—	70.26	0.97	-0.53	0.00	270.00	1,840	0.95	+0.20	-0.18	-0.01	55.23	4	—	31,725	Neutral
Neutral	225	—	—	68.15	0.97	-0.53	0.00	222.50	1,860	·	·	·	·	·	·	·	·	·
·	·	·	·	·	·	·	·	·	1,880	0.90	-0.05	-0.17	-0.01	51.43	6	+1,350	7,875	Short buildup
Neutral	2,250	—	—	64.02	0.97	-0.53	0.00	552.50	1,900	1.20	0.00	-0.21	-0.01	51.65	12	+1,575	59,850	Neutral
·	·	·	·	·	·	·	·	·	1,920	1.45	+0.30	-0.24	-0.01	51.24	7	+675	16,200	Long buildup
·	·	·	·	·	·	·	·	·	1,940	2.00	0.00	-0.00	-0.00	30.59	—	—	2,925	Neutral
Long buildup	1,800	+1,125	5	66.47	0.94	-0.93	+49.20	552.80	1,960	1.45	-0.15	-0.24	-0.01	47.74	97	−4,050	9,000	Long unwinding
·	·	·	·	·	·	·	·	·	1,980	1.80	+0.20	-0.28	-0.02	47.50	11	−675	19,575	Short covering
Neutral	24,075	—	—	53.92	0.96	-0.52	0.00	516.00	2,000	1.85	+0.05	-0.29	-0.02	45.93	422	+8,100	5.88 L	Long buildup
Neutral	675	—	—	51.96	0.96	-0.52	0.00	458.75	2,020	1.95	+0.10	-0.30	-0.02	44.53	8	−450	11,025	Short covering
Neutral	6,300	—	—	50.03	0.96	-0.52	0.00	467.70	2,040	1.85	-0.30	-0.28	-0.02	42.42	26	+1,125	24,075	Short buildup
Neutral	1,350	—	—	48.14	0.96	-0.52	0.00	190.95	2,060	2.15	-0.15	-0.32	-0.02	41.67	49	+6,975	35,550	Short buildup
Neutral	10,125	—	—	46.28	0.96	-0.52	0.00	476.65	2,080	2.50	0.00	-0.35	-0.03	40.92	31	—	38,925	Neutral
Short covering	67,725	−1,575	15	34.64	0.98	-0.13	+12.00	405.00	2,100	2.95	+0.05	-0.40	-0.03	40.28	609	+2,025	2.67 L	Neutral
Neutral	30,600	−225	2	69.00	0.86	-2.10	+30.00	415.00	2,120	3.10	-0.05	-0.41	-0.03	38.81	17	+900	44,325	Short buildup
Neutral	1,800	—	—	41.09	0.95	-0.54	0.00	410.00	2,140	3.55	-0.40	-0.44	-0.04	37.93	127	+10,575	66,825	Short buildup
Neutral	6,300	—	—	39.53	0.94	-0.56	0.00	355.00	2,160	4.40	+0.30	-0.52	-0.05	37.64	115	−6,300	60,525	Short covering
Neutral	1,575	—	—	38.10	0.94	-0.58	0.00	315.00	2,180	4.60	0.00	-0.52	-0.05	36.06	108	−7,425	83,250	Neutral
Long unwinding	2.02 L	−8,100	80	34.79	0.94	-0.50	-8.00	309.20	2,200	5.40	-0.10	-0.58	-0.06	35.35	1,097	+8,775	6.25 L	Short buildup
Neutral	4,050	—	—	35.64	0.92	-0.66	0.00	276.75	2,220	6.35	0.00	-0.64	-0.07	34.65	87	−4,275	39,825	Neutral
Neutral	12,375	—	—	34.62	0.92	-0.71	0.00	239.00	2,240	7.40	-0.10	-0.70	-0.08	33.88	313	+3,825	1.08 L	Short buildup
Long buildup	20,475	+450	2	29.74	0.93	-0.53	+8.00	250.00	2,260	8.55	+0.10	-0.76	-0.09	33.03	394	+12,150	3.64 L	Long buildup
Neutral	8,775	—	1	35.87	0.87	-1.03	-2.10	238.65	2,280	10.35	+0.15	-0.85	-0.11	32.60	309	−3,150	96,525	Short covering
Neutral	2.19 L	+225	64	32.02	0.87	-0.91	-9.70	216.80	2,300	12.20	+0.05	-0.93	-0.12	31.95	3,517	+27,225	8.19 L	Long buildup
Neutral	13,275	—	—	31.85	0.85	-1.02	0.00	210.00	2,320	14.65	+0.35	-1.03	-0.15	31.50	414	+1,350	4.87 L	Neutral
Short buildup	21,600	+675	13	29.59	0.84	-1.00	-22.95	180.00	2,340	17.65	+0.35	-1.12	-0.17	31.13	659	+15,975	1.84 L	Long buildup
Neutral	60,300	+450	26	30.94	0.80	-1.21	-5.05	166.15	2,360	20.95	+0.70	-1.21	-0.20	30.65	486	−14,850	1.56 L	Short covering
Short buildup	19,575	+450	39	29.60	0.77	-1.24	-7.20	148.55	2,380	25.10	+0.70	-1.31	-0.23	30.33	569	+5,400	1.22 L	Long buildup
Short buildup	3.08 L	+4,725	230	29.96	0.73	-1.37	-8.25	134.60	2,400	29.80	+0.85	-1.39	-0.26	29.98	4,697	+6,300	6.09 L	Long buildup
Short buildup	1.07 L	+4,275	87	29.10	0.70	-1.42	-10.85	119.00	2,420	35.10	+1.30	-1.46	-0.30	29.58	1,107	+9,675	2.70 L	Long buildup
Short buildup	4.48 L	+6,075	238	29.06	0.66	-1.50	-9.55	105.85	2,440	41.75	+2.55	-1.54	-0.34	29.46	1,721	+46,350	4.13 L	Long buildup
Short buildup	5.49 L	+22,275	522	29.13	0.61	-1.57	-7.50	93.80	2,460	48.60	+2.30	-1.57	-0.38	29.06	2,165	+20,475	3.02 L	Long buildup
Long unwinding	1.78 L	−7,650	922	28.70	0.57	-1.59	-7.00	81.50	2,480	56.40	+1.55	-1.60	-0.43	28.70	2,026	+20,925	2.09 L	Long buildup
Short buildup	15.98 L	+1.15 L	5,886	28.43	0.52	-1.60	-7.30	70.45	2,500	65.40	+2.50	-1.61	-0.47	28.47	6,811	+75,375	6.56 L	Long buildup
Short buildup	3.15 L	+18,000	4,260	28.20	0.48	-1.59	-6.45	60.45	2,520	75.35	+3.05	-1.59	-0.52	28.26	3,397	+39,150	2.65 L	Long buildup
Short buildup	5.42 L	+41,175	5,610	28.14	0.43	-1.57	-5.60	51.75	2,540	86.25	+3.65	-1.56	-0.57	28.05	3,324	+33,300	2.16 L	Long buildup
Short buildup	2.84 L	+40,275	3,033	27.88	0.39	-1.51	-5.45	43.50	2,560	97.95	+4.95	-1.50	-0.61	27.79	2,006	+15,075	1.14 L	Long buildup
Short buildup	1.59 L	+8,100	1,656	27.70	0.34	-1.44	-4.90	36.35	2,580	110.60	+5.10	-1.42	-0.66	27.55	419	+12,150	1.01 L	Long buildup
Neutral	11.50 L	−7,200	7,214	27.66	0.30	-1.36	-4.65	30.35	2,600	124.55	+5.70	-1.34	-0.70	27.51	1,079	+15,525	2.02 L	Long buildup
Short buildup	1.68 L	+9,450	1,482	27.75	0.26	-1.28	-3.75	25.40	2,620	140.10	+6.55	-1.27	-0.74	27.89	42	−900	79,875	Short covering
Short buildup	1.76 L	+8,775	1,392	27.69	0.22	-1.18	-3.20	20.85	2,640	154.00	+0.75	-1.11	-0.78	27.00	29	+2,925	32,175	Long buildup
Long unwinding	1.32 L	−1,800	917	27.77	0.19	-1.08	-2.85	17.20	2,660	173.00	+14.15	-1.12	-0.80	28.67	46	+1,800	50,625	Long buildup
Short buildup	97,650	+7,425	837	27.88	0.16	-0.98	-2.50	14.15	2,680	186.90	0.00	-0.82	-0.85	25.97	—	—	33,525	Neutral
Long unwinding	4.44 L	−32,400	3,469	28.04	0.14	-0.89	-2.10	11.65	2,700	205.35	+12.35	-0.83	-0.86	27.68	150	+675	1.25 L	Neutral
Short buildup	2.46 L	+21,825	659	28.33	0.12	-0.81	-1.50	9.70	2,720	218.00	+1.45	-0.38	-0.93	22.50	89	−19,800	2.58 L	Short covering
Short buildup	1.39 L	+11,475	734	28.55	0.10	-0.72	-1.25	8.00	2,740	214.00	0.00	-0.39	-0.93	24.00	—	—	1,350	Neutral
Short buildup	1.55 L	+33,750	1,013	28.85	0.09	-0.65	-0.90	6.65	2,760	219.95	0.00	-0.24	-0.96	22.69	—	—	450	Neutral
Short buildup	88,425	+2,700	406	29.12	0.07	-0.57	-0.75	5.50	2,780	·	·	·	·	·	·	·	·	·
Short buildup	4.57 L	+44,100	2,584	29.66	0.06	-0.52	-0.60	4.75	2,800	297.20	+7.85	-0.36	-0.95	27.61	55	−3,825	4.52 L	Neutral
Long unwinding	93,375	−5,850	479	29.88	0.05	-0.46	-0.55	3.90	2,820	280.00	0.00	—	—	—	—	—	1,350	Neutral
Short buildup	3.31 L	+55,800	1,397	30.36	0.05	-0.42	-0.35	3.35	2,840	328.00	+7.90	—	—	—	6	+1,350	54,225	Long buildup

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% (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.