An end-of-day Nifty/Bank Nifty option chain with PCR and max pain, plus a free strategy builder — pick a preset like a straddle or iron condor, or build your own, and see the payoff at expiry.
Option chain
| CALLS | Strike | PUTS | ||||||
|---|---|---|---|---|---|---|---|---|
| OI | Chg OI | IV | LTP | LTP | IV | Chg OI | OI | |
| Loading… | ||||||||
Option chain, PCR and max pain are end-of-day figures from NSE’s official daily F&O bhavcopy (the last completed trading session, not a live intraday feed) — a snapshot of positioning at that day’s close, not a prediction of where price is headed. When that day’s file cannot be reached, this section says so rather than showing invented figures.
Strategy builder & payoff calculator
Build a position from up to four legs and see its profit/loss at expiry across a range of prices. Works entirely offline — enter your own strikes and premiums, or click a strike in the chain above to load it.
- Leverage magnifies both gains and losses versus the underlying.
- Time decay (theta) erodes an option’s value every day, faster as expiry nears, even if you are right on direction.
- Gap risk — the underlying can open far beyond your expected range overnight or after news.
- Liquidity varies by strike and expiry; wide bid/ask spreads can cost more than the calculator assumes.
- Implied volatility can change, moving an option’s price independently of the underlying.
- Assignment and settlement rules differ by contract — know them before expiry.
- Brokerage, STT and other charges are not included in this calculator and reduce real-world profit.
- Expiry-day risk is elevated; prices can move sharply in the final hour.
This tool is for information and education only and is not investment advice, a recommendation, or an offer to trade. It does not place orders. Derivatives can result in losses exceeding your initial investment. Consult a SEBI-registered adviser before trading F&O.