Expiry brief · Thursday, 01 October 2026
What the NIFTY option chain is pricing today, in numbers a trader can act on: the straddle as the expected move, volatility, skew, and four structures priced live. Written by the server at fixed times, every trading day.
Scheduled today
| IST | RELEASE | ACTUAL / FCST | ||
|---|---|---|---|---|
| 01:00 | 🇺🇸 | medium | President Trump Speaks | |
| 03:30 | 🇺🇸 | medium | FOMC Member Kashkari Speaks | |
| 04:31 | 🇨🇳 | holiday | Bank Holiday | |
| 10:30 | 🇮🇳 | medium | Manufacturing PMI | |
| 18:00 | 🇺🇸 | medium | Unemployment Claims | 201K |
| 19:30 | 🇺🇸 | medium | FOMC Member Waller Speaks | |
| 19:30 | 🇺🇸 | medium | ISM Manufacturing PMI | 54.8 |
Full week on the economic calendar →
At the open · 09:20 IST
Taken 09:20 IST · LIVE
NIFTY is at 22,560.55, -0.26% on the day. The 22550 straddle for the 06 Oct expiry costs ₹262.45 (151.95 call + 110.50 put), which is the market pricing a one-standard-deviation move of about ±262 points, ±1.16%, over the 5.3 days to expiry. Read that as the expected range: 22,298 to 22,823. Roughly two expiries in three should finish inside it; the third is where the money is made and lost.
India VIX at 13.71 is in its ordinary range: premium is fairly priced, and the edge comes from structure and sizing rather than from volatility being mispriced. Skew is mild (-0.3 IV points): neither side of the chain is paying up, so structures can be built symmetric around spot.
Priced off this chain, an iron condor collects ₹4,111 a lot with a maximum loss of ₹2,389 and breakevens at 22,387 / 22,713. The short strangle underneath it collects ₹11,404 — ₹7,293 more — for a loss that has no ceiling. That difference is the price of sleeping through a gap; decide whether it is worth paying before the market decides for you.
On the other side, the long straddle costs ₹17,059 a lot and needs NIFTY beyond 22,288 or 22,812 at expiry to pay. It bleeds about ₹1,626 a day in time value right now. Buy it only if you expect the market to move more than it is charging for — and know why.
Open interest across the loaded strikes: the largest call open interest above spot sits at 23,000 — the strike writers are defending as resistance; the largest put open interest below sits at 22,500, the floor.
Strategies priced off this chain · NIFTY · lot 65
| Structure · legs (per share) | Net / lot | Max profit | Max loss | Breakevens |
|---|---|---|---|---|
| Iron condor −1 22450 PE @ 73.90 · +1 22350 PE @ 48.70 · −1 22650 CE @ 101.55 · +1 22750 CE @ 63.50 | credit ₹4,111 | ₹4,111 | ₹2,389 | 22,387 / 22,713 |
| Short strangle −1 22650 CE @ 101.55 · −1 22450 PE @ 73.90 | credit ₹11,404 | ₹11,404 | unlimited | 22,274 / 22,826 |
| Long straddle +1 22550 CE @ 151.95 · +1 22550 PE @ 110.50 | debit ₹17,059 | unlimited | ₹17,059 | 22,288 / 22,812 |
| Bull call spread +1 22550 CE @ 151.95 · −1 22650 CE @ 101.55 | debit ₹3,276 | ₹3,224 | ₹3,276 | 22,600 |
Re-price any of these live in the builder →
Why the straddle is the expected move — Finch, chapter 6 →
The expiry brief is generated by Finostat's server from its live option chains at fixed times and written up from templates; it is education and market description, not a recommendation. Prices are indicative and can be stale. Derivatives can lose more than you put in. Finostat is not a SEBI-registered adviser.