M&M option chain today, 23 Oct 2026: max pain 2,850, PCR 0.53, call wall 2,850, put wall 2,850
As of Friday 23 October 2026, from the exchange's official end-of-day F&O file.
Next M&M expiry: Tuesday 27 October 2026; the one after: Monday 23 November 2026. From the exchange's F&O contract list.
M&M closed at 2,861.18. For the 27 October 2026 expiry the biggest call open interest is at 2,850 and the biggest put open interest at 2,850; put-call ratio 0.53, max pain 2,850.
The at-the-money straddle (2,850 call + put) settled at 33.60: on 23 October 2026 the options were priced for a move of about ±₹33.60 (±1.17 %) 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 |
|---|---|---|
| 262.83 OI 13.4K · 0 | 2,600 | 0.25 OI 1.4 L · −2.8K |
| 193.35 OI 26.8K · −5.0K | 2,650 | 0.60 OI 81.6K · −21.4K |
| 140.80 OI 49.0K · −15.6K | 2,700 | 1.60 OI 2.1 L · −5.8K |
| 92.60 OI 80.2K · −8.8K | 2,750 | 2.55 OI 1.9 L · −9.6K |
| 45.90 OI 4.1 L · +10.0K | 2,800 | 6.60 OI 4.3 L · +18.8K |
| 12.05 OI 12.0 L · −45.6K | 2,850 at the money | 21.55 OI 5.0 L · −1.2 L |
| 4.10 OI 11.3 L · −96.4K | 2,900 | 64.10 OI 4.3 L · −90.8K |
| 2.35 OI 6.5 L · −95.0K | 2,950 | 112.10 OI 1.8 L · −20.0K |
| 1.20 OI 8.4 L · −2.1 L | 3,000 | 161.55 OI 3.6 L · −26.6K |
| 0.95 OI 3.2 L · −71.2K | 3,050 | 205.20 OI 1.5 L · −4.4K |
| 0.90 OI 5.9 L · −23.6K | 3,100 | 258.95 OI 1.3 L · −29.8K |
Biggest open interest added
- 2,800 put: +18.8K
- 2,800 call: +10.0K
- 2,550 put: +1.2K
Biggest open interest cut
- 3,000 call: −2.1 L
- 2,850 put: −1.2 L
- 2,900 call: −96.4K
- 2,950 call: −95.0K
- 2,900 put: −90.8K
The at-the-money straddle (2,850 call + put) settled at 195.95: on 23 October 2026 the options were priced for a move of about ±₹195.95 (±6.85 %) 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 |
|---|---|---|
| 284.70 OI 200 · 0 | 2,600 | 22.45 OI 83.4K · +19.8K |
| 241.75 OI 0 · 0 | 2,650 | 30.30 OI 40.8K · +9.6K |
| 194.00 OI 39.0K · +34.4K | 2,700 | 41.30 OI 3.2 L · +2.6 L |
| 160.40 OI 39.4K · +5.0K | 2,750 | 55.25 OI 41.4K · +2.6K |
| 128.05 OI 86.0K · +12.6K | 2,800 | 73.25 OI 1.1 L · +2.6K |
| 101.60 OI 1.1 L · +69.2K | 2,850 at the money | 94.35 OI 77.8K · +16.8K |
| 76.30 OI 3.0 L · +75.8K | 2,900 | 121.30 OI 1.1 L · −2.0K |
| 57.55 OI 31.6K · +1.0K | 2,950 | 150.55 OI 29.4K · −2.4K |
| 42.50 OI 5.1 L · +2.3 L | 3,000 | 183.90 OI 1.9 L · +20.8K |
| 30.70 OI 24.2K · +7.4K | 3,050 | 205.57 OI 1.2K · +400 |
| 22.15 OI 1.1 L · +11.8K | 3,100 | 245.87 OI 50.0K · +3.2K |
Biggest open interest added
- 2,700 put: +2.6 L
- 3,000 call: +2.3 L
- 2,900 call: +75.8K
- 2,850 call: +69.2K
- 2,700 call: +34.4K
Biggest open interest cut
- 3,400 call: −6.6K
- 3,150 call: −4.6K
- 3,500 call: −3.6K
- 2,950 put: −2.4K
- 2,900 put: −2.0K
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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.
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