Current market price (CMP) is 4308. PCR (price-to-strike ratio) is 1.15, which means that the market is pricing in a higher implied volatility for out-of-the-money (OTM) puts than for OTM calls. Max pain is 4150, which means that the option market is most heavily weighted towards this strike price. ATM IV (implied volatility) is 36.3, which is in the 82nd percentile, meaning that it is higher than 82% of all ATM IVs for POLYCAB options. Implied volatility skew is 2.53, which means that OTM puts are more volatile than OTM calls. Implied volatility smile is -16.88, which means that the ATM IV is lower than the OTM IVs.
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