HDFCBANK options · put-call ratio
HDFC Bank PCR Today (Put-Call Ratio)
The HDFC Bank open-interest PCR for the 27 Oct 2026 expiry is 0.53: call-heavy.
Data as of 21 Oct 2026 EOD, NSE F&O bhavcopy
- PCR (open interest)
- 0.53
- 27 Oct expiry
- Previous session
- 0.50
- Change +0.03
- Reading
- Call-heavy
- Max pain
- 720
- Spot 706.94
How to read today's HDFC Bank PCR
More calls than puts are open. Call writers are capping the upside, a mildly bearish positioning read.
HDFC Bank PCR history
PCR trend, last 20 sessions
Dashed line: PCR 1.0
| Date | PCR | Spot | Max pain |
|---|---|---|---|
| 21 Oct 2026 | 0.52 | 706.94 | 720 |
| 19 Oct 2026 | 0.50 | 712 | 720 |
| 16 Oct 2026 | 0.57 | 728.84 | 720 |
| 15 Oct 2026 | 0.58 | 727.67 | 720 |
| 14 Oct 2026 | 0.52 | 710.70 | 720 |
| 13 Oct 2026 | 0.56 | 714 | 720 |
| 12 Oct 2026 | 0.53 | 704.89 | 720 |
| 9 Oct 2026 | 0.54 | 707.25 | 720 |
| 8 Oct 2026 | 0.47 | 692.31 | 720 |
| 7 Oct 2026 | 0.50 | 702.76 | 720 |
| 6 Oct 2026 | 0.53 | 711.44 | 720 |
| 5 Oct 2026 | 0.53 | 704.80 | 720 |
| 1 Oct 2026 | 0.66 | 720.40 | 730 |
| 30 Sept 2026 | 0.69 | 708.71 | 730 |
| 29 Sept 2026 | 0.71 | 722.70 | 730 |
| 28 Sept 2026 | 0.71 | 719.05 | 740 |
| 25 Sept 2026 | 0.71 | 735.61 | 740 |
| 24 Sept 2026 | 0.66 | 729.17 | 740 |
| 23 Sept 2026 | 0.59 | 737.26 | 740 |
| 22 Sept 2026 | 0.63 | 738.61 | 730 |
HDFC Bank PCR by expiry
| Expiry | PCR | Max pain |
|---|---|---|
| 27 Oct 2026 | 0.53 | 720 |
| 23 Nov 2026 | 0.52 | 720 |
What is the put-call ratio?
The put-call ratio (PCR) compares open interest in put options with open interest in call options: PCR = total put OI ÷ total call OI. A PCR of 1.2 means 1.2 puts are open for every call.
On NSE most index option open interest is held short by writers, so traders in India usually read the PCR from the writer's side: heavy put writing suggests support, heavy call writing suggests resistance. That makes a high PCR mildly bullish and a low PCR mildly bearish, with extremes at either end acting as contrarian warnings.
PCR works best with levels. Check where the largest put and call strikes sit on the HDFC Bank max pain page and whether dealers are long or short gamma on the HDFC Bank gamma exposure page.
More HDFC Bank options data
- HDFC Bank max pain · The strike where option writers lose the least at expiry.
- HDFC Bank gamma exposure · Dealer gamma in ₹ crore per 1% move, gamma flip and walls.
- HDFC Bank expected move · The ATM straddle-implied move to expiry and ATM IV.
- All market data
PCR for other symbols
Frequently asked questions
- What is HDFC Bank PCR?
- The put-call ratio divides total open interest in HDFC Bank puts by total open interest in HDFC Bank calls for an expiry. TradeLens uses open interest, not volume, so the ratio reflects positions that are still open.
- Is a high PCR bullish or bearish?
- In Indian index options most open interest is written (sold). A PCR above 1 means more puts have been written, which traders usually read as support below and a mildly bullish lean. Very high readings can also signal an overcrowded, stretched market.
- What is a normal PCR for Nifty?
- Nifty OI PCR typically moves between about 0.7 and 1.3. Readings outside that band are worth noting, but the change in PCR over several sessions is usually more informative than a single value.
- What is the difference between OI PCR and volume PCR?
- Volume PCR counts contracts traded today and is noisy. OI PCR counts contracts still open at the close, so it reflects positioning carried overnight.
- How often is the PCR updated?
- This page updates every trading day after the NSE F&O bhavcopy, around 17:00 to 19:00 IST. Core subscribers see intraday updates every 15 minutes.
Positioning data, not investment advice. Trading in derivatives involves substantial risk of loss.