Nifty Option Chain — OI, PCR & Max Pain Today

Snapshot: 2 Nov 2026 09:31 IST · Expiry: 3 Nov 2026

Nifty 50 — snapshot

Nifty 50
23,274.15
Change
+221.05 (+0.96%)
ATM Strike
23,250

Quick Answers

What is the max pain strike for Nifty 50 today?
Max pain sits at strike 23,200.00 for the 3 Nov 2026 expiry. It is the strike at which the total value of open option contracts would be smallest.
What is the Put-Call ratio for Nifty 50?
The Put-Call ratio by open interest is 0.83. It divides total put open interest by total call open interest across the strikes shown on this page.
Which strike carries the highest Call OI for Nifty 50?
The heaviest Call OI on this page is at strike 23,500.00, with 1,75,35,960.00 of open interest.
Which strike carries the highest Put OI for Nifty 50?
The heaviest Put OI on this page is at strike 23,000.00, with 1,47,23,345.00 of open interest.

Strike-wise Open Interest

← swipe the table left and right →

Nifty 50 option chain · 3 Nov 2026 expiry · 13 strikes around ATM
Call OI Chg LTP Strike LTP Chg Put OI
9.67 L −3.08 L 343.00 22,950 21.00 +7.56 L 49.96 L
61.70 L −11.96 L 298.95 23,000 26.25 +56.06 L 1.47 Cr
20.68 L −12.98 L 255.05 23,050 33.35 +27.44 L 69.13 L
44.08 L −21.18 L 214.85 23,100 42.70 +43.62 L 70.87 L
33.99 L −1.48 L 176.95 23,150 54.90 +32.36 L 37.55 L
96.64 L +21.56 L 142.20 23,200 70.20 +1.07 Cr 1.15 Cr
1.03 Cr +70.58 L 110.85 23,250 (ATM) 89.10 +98.96 L 1.01 Cr
1.57 Cr +93.40 L 84.25 23,300 112.55 +67.64 L 71.36 L
64.31 L +32.56 L 62.65 23,350 139.10 +13.64 L 14.45 L
1.17 Cr +22.38 L 44.05 23,400 172.70 +14.11 L 16.38 L
61.70 L +21.48 L 30.15 23,450 209.00 +2.76 L 4.03 L
1.75 Cr +47.30 L 20.15 23,500 248.50 +5.77 L 11.11 L
46.94 L +11.21 L 13.40 23,550 291.90 +45,760 62,660

Put-Call Ratio (PCR)

PCR (Open Interest) 0.83
PCR (Volume) 0.71

PCR is the ratio of put open interest to call open interest. It is a ratio and nothing more — a direct piece of arithmetic on the numbers in this chain.

Max Pain

Max Pain Strike 23,200

Max Pain is the strike where the total loss to option writers works out lowest. It is based on the current open interest in this chain. It is entirely arithmetic, and open interest changes every session.

Strikes with the Highest Open Interest

Highest Call OI 23,500 · 1.75 Cr
Highest Put OI 23,000 · 1.47 Cr

Largest Additions to Open Interest

Since the previous close
Call 23,300 +93.40 L
Call 23,250 +70.58 L
Call 23,500 +47.30 L
Call 23,600 +41.87 L
Call 23,350 +32.56 L
Put 23,200 +1.07 Cr
Put 23,250 +98.96 L
Put 23,300 +67.64 L
Put 23,000 +56.06 L
Put 23,100 +43.62 L

How to Read an Option Chain

An option chain is a table that shows every strike price of a single expiry together. Call (CE) and put (PE) figures sit side by side at each strike.

Open Interest (OI) is the count of contracts currently open at that strike. LTP is the last traded price of that contract. “Chg” is the difference in OI since the previous close.

All these figures are public exchange data and they keep changing through the session. This page shows a few strikes on either side of the ATM strike, not the whole chain. It is not investment advice of any kind.

Frequently Asked Questions

What does PCR mean in an option chain?

PCR (Put-Call Ratio) is put open interest divided by call open interest. In this snapshot the Nifty 50 PCR (OI) is 0.83. It is only a ratio — a count, not a suggestion.

How is Max Pain calculated?

Every strike is treated as a possible expiry price. On the call side, the loss to writers is price minus strike. On the put side, it is strike minus price. Each is multiplied by the open interest at that strike, and the strike with the lowest total is called Max Pain. In this snapshot that is 23,200.

What is the ATM strike?

ATM (At The Money) is the strike closest to the current price of the underlying. Nifty 50 is at 23,274.15 and the nearest strike is 23,250.

How often is this page updated?

The snapshot on this page is updated every trading session. The time shown above states the moment these figures belong to — open interest keeps changing through the session.

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