BHEL option chain today, 23 Oct 2026: max pain 425, PCR 0.51, call wall 450, put wall 440
As of Friday 23 October 2026, from the exchange's official end-of-day F&O file.
Next BHEL expiry: Tuesday 27 October 2026; the one after: Monday 23 November 2026. From the exchange's F&O contract list.
BHEL closed at 387.49. For the 27 October 2026 expiry the biggest call open interest is at 450 and the biggest put open interest at 440; put-call ratio 0.51, max pain 425.
The at-the-money straddle (390 call + put) settled at 9.70: on 23 October 2026 the options were priced for a move of about ±₹9.70 (±2.50 %) by the 27 October 2026 expiry. That is what the options cost, not a forecast.
Settle prices around the money
Settle price = the exchange's official end-of-day price of each option. OI = open interest, the number of option units still open; change = since the previous day.
| Call settle OI · change | Strike | Put settle OI · change |
|---|---|---|
| 28.20 OI 63.0K · +47.2K | 360 | 0.40 OI 7.3 L · +5.1 L |
| 18.15 OI 2.8 L · +2.4 L | 370 | 0.85 OI 12.2 L · +1.7 L |
| — OI — · — | 375 | 1.30 OI 5.1 L · +1.5 L |
| 9.45 OI 8.4 L · +7.4 L | 380 | 2.40 OI 15.5 L · +3.8 L |
| — OI — · — | 385 | 3.75 OI 4.1 L · −78.8K |
| 3.60 OI 15.7 L · +10.8 L | 390 at the money | 6.10 OI 7.5 L · −6.5 L |
| — OI — · — | 395 | 9.70 OI 3.4 L · −5.7 L |
| 1.05 OI 31.2 L · +7.7 L | 400 | 13.95 OI 18.4 L · −15.0 L |
| 0.55 OI 22.3 L · −1.2 L | 405 | 18.05 OI 8.3 L · −6.4 L |
| 0.40 OI 24.5 L · −23.0 L | 410 | 22.35 OI 13.2 L · −3.4 L |
| 0.25 OI 15.9 L · −5.6 L | 415 | 27.15 OI 6.6 L · −2.1 L |
Biggest open interest added
- 390 call: +10.8 L
- 400 call: +7.7 L
- 380 call: +7.4 L
- 360 put: +5.1 L
- 350 put: +4.1 L
Biggest open interest cut
- 410 call: −23.0 L
- 450 call: −16.1 L
- 400 put: −15.0 L
- 440 call: −12.8 L
- 500 call: −9.7 L
The at-the-money straddle (390 call + put) settled at 32.10: on 23 October 2026 the options were priced for a move of about ±₹32.10 (±8.28 %) by the 23 November 2026 expiry. That is what the options cost, not a forecast.
Settle prices around the money
Settle price = the exchange's official end-of-day price of each option. OI = open interest, the number of option units still open; change = since the previous day.
| Call settle OI · change | Strike | Put settle OI · change |
|---|---|---|
| 51.44 OI 2.6K · +2.6K | 340 | 2.30 OI 5.4 L · +5.4 L |
| 43.05 OI 2.6K · +2.6K | 350 | 4.00 OI 3.5 L · +3.5 L |
| 34.10 OI 1.1 L · +39.4K | 360 | 5.55 OI 7.5 L · +2.3 L |
| 27.30 OI 1.7 L · +1.7 L | 370 | 8.00 OI 6.7 L · +5.2 L |
| 20.95 OI 6.4 L · +5.3 L | 380 | 11.70 OI 14.6 L · +6.4 L |
| 15.60 OI 9.7 L · +6.9 L | 390 at the money | 16.50 OI 9.0 L · +1.9 L |
| 11.30 OI 37.0 L · +27.2 L | 400 | 21.30 OI 17.9 L · −2.9 L |
| 8.15 OI 17.3 L · +2.2 L | 410 | 28.05 OI 7.9 L · +63.0K |
| 5.75 OI 23.6 L · +7.3 L | 420 | 35.55 OI 12.0 L · +1.6 L |
| 4.10 OI 24.7 L · +9.1 L | 430 | 43.00 OI 6.9 L · +2.6K |
| 2.90 OI 24.6 L · +6.2 L | 440 | 53.50 OI 4.8 L · +10.5K |
Biggest open interest added
- 400 call: +27.2 L
- 430 call: +9.1 L
- 420 call: +7.3 L
- 390 call: +6.9 L
- 380 put: +6.4 L
Biggest open interest cut
- 400 put: −2.9 L
- 520 call: −55.1K
- 450 put: −15.8K
- 510 call: −15.8K
- 480 call: −2.6K
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The last sessions
BHEL futures: open interest, rollover and build-up →
What this page cannot tell you. Open interest shows where positions are open, not who holds them or which side opened them. Walls and max pain often move as expiry nears.
Quick questions
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