GAIL GAIL (INDIA) LTD

GAIL (INDIA) LTD — on this desk since 2 Jan 2006.

Results meeting in 14 days Fri 30 Oct 2026, as the company announced it to NSE

Prices before Thu 21 Apr 2022 are not comparable with today's. A corporate action in this security carries no published ratio, so nothing before that date can be put on the same share count — it is left out rather than shown unadjusted.

implied move
3.1%
12 days to the expiry read
futures
short cover
price rose and open interest fell
basis
0.08%
the future traded 0.08% above the share
option prices
33
dearer than 33 of the past 252 sessions

Option chain

as of Thu 15 Oct 15:30
CallsStrikePuts
What happenedPriceChange in OIOpen interestOpen interestChange in OIPriceWhat happened
————14021,30000.01—
—24.61049,7001451,63,30000.01—
—19.64017,7501503,37,250−17,7500.09long unwinding
—17.16014,2001533,01,750−7,1000.11long unwinding
—14.72028,4001555,60,900−71,0000.18long unwinding
—12.35010,6501584,57,950−95,8500.27long unwinding
long build-up9.70+31,9501,27,80016024,14,000−35,5000.44long unwinding
—7.95010,6501632,34,300−1,66,8500.70long unwinding
short covering5.59−28,4004,22,45016527,05,100−10,6501.14long unwinding
short covering3.80−2,62,7008,27,15016810,47,250−1,49,1001.85long unwinding
short covering2.39−9,47,85027,90,300170at the money21,90,350−1,10,0502.93long unwinding
short covering1.41−2,05,90012,28,3001736,70,95004.36—
long build-up0.79+78,10048,13,800wall17520,48,350−56,8006.32long unwinding
long build-up0.43+1,45,5507,10,0001781,34,90008.61—
short covering0.24−1,95,25032,19,8501808,48,450−21,30010.76long unwinding
short covering0.14−17,7508,69,75018317,750013.05—
short covering0.10−14,2006,39,0001851,42,000−3,55015.43long unwinding
—0.06049,70018849,700017.87—
short covering0.06−21,30025,70,200190wall39,26,300−3,55020.52long unwinding
————19339,050022.81—
long unwinding0.01−3,5503,79,85019539,050025.30—

The options were priced for a move of about 3.1% by 27 Oct.

Open interest

as of Thu 15 Oct 15:30

Short cover: price rose and open interest fell.

For this stock, 146 of 283 times the close 5 sessions later was higher.

Across every F&O stock, 50,957 of 98,536 times the close 5 sessions later was higher.

Basis, rollover and the ban

as of Thu 15 Oct 15:30

The future traded 0.08% above the share.

Not in the F&O ban this session; open interest stood at 34% of its market-wide limit.

Implied volatility

as of Thu 15 Oct 15:30

The options were priced for a move of about 3.1% by 27 Oct; over the sessions the desk holds it ranged 1.2–6.7%.

Option prices were dearer than 33 of the past 252 sessions.

Puts were priced dearer than calls the same distance out.

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Implied and realised around results

as of Thu 15 Oct 15:30

No results meeting with an option chain on its eve yet.

The futures, session by session

as of Thu 15 Oct 15:30
sessionfuturesimplied movebasisban
Thu 15 Octshort cover3.1%0.08%
Wed 14 Octshort build3.3%0.62%
Tue 13 Octlong build3.5%0.31%
Mon 12 Octlong build3.8%0.71%
Fri 9 Octlong build4.0%0.57%
Thu 8 Octshort build4.5%-0.26%
Wed 7 Octlong unwind4.3%0.07%
Tue 6 Octlong build4.1%-0.05%
Mon 5 Octshort build4.5%0.25%
Thu 1 Octshort build4.5%0.06%
Wed 30 Seplong build4.6%1.00%
Tue 29 Sepshort build4.6%0.95%
Mon 28 Sepshort build4.4%0.27%
Fri 25 Seplong unwind1.3%0.31%
Thu 24 Seplong build1.8%0.02%
Wed 23 Seplong build1.8%0.31%
Tue 22 Sepshort build2.0%0.22%
Mon 21 Sepshort build2.2%0.48%
Fri 18 Sepshort cover2.5%-0.03%
Thu 17 Sepshort cover2.8%0.60%

After a name entered or left the ban

as of Thu 15 Oct 15:30
  • Every F&O stock, on entering the ban: 755 of 1,496 times the close 5 sessions later was higher.
  • Every F&O stock, on leaving it: 747 of 1,496 times the close 5 sessions later was higher.

Before comparing across time

as of Thu 15 Oct 15:30

Open interest is in shares. Traded volume is in contracts before July 2024 and in shares after, so volumes are not compared across that change.

The lot size changed from 3,150 to 3,550 on 29 Apr 2026; contracts either side are compared in shares, not lots.