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Options trading stays focused on high market cap stocks with strong volumes and steady price ranges.
Bharat Electronics, UltraTech Cement, and Vedanta show solid data with good returns, PE levels, and volatility.
Number-based selection using LTP, market cap, 52W range, and returns improves options trading consistency.
The Union Budget 2026 and market projections suggest that options trading in India will stay highly active in 2026. High liquidity, large market caps, and strong institutional participation make certain stocks more suitable for options. Stocks with stable volumes, wide price ranges, and consistent derivatives activity are preferred. Data points such as LTP, market cap, PE ratio, 52-week high and low, and short-term returns play an important role while selecting options trading stocks. The following stocks stand out strongly based on current numbers and trends.
Oil & Natural Gas Corporation is one of the most tracked PSU stocks for options. The LTP is Rs. 268.00 with a positive daily change of 0.39%. Volume stands at 77,970 shares, which supports liquidity. The market cap is Rs. 3,37,151.48 crore, making it a heavyweight in the energy sector. The PE ratio is low at 7.85, while the industry PE is at -110.71. The 52-week high is Rs. 277.77, and the 52-week low is Rs. 205.00, giving a wide trading range. The one-month return is 10.99%, and the three-month return is 6.20%, which shows steady momentum.
Bharat Electronics is a defence sector stock with strong options interest. The LTP is Rs. 439.00 with a slight change of -0.05%. Volume is 35,810 shares. Market cap is Rs. 3,20,899.29 crore, which ensures stability. The PE ratio is high at 53.81 compared to the industry PE of 23.21. The 52-week high is Rs. 461.65, and the low is Rs. 240.25, showing big movement potential. The one-month return is 8.89%, and the three-month return is 5.74%. These numbers make it attractive for volatility-based strategies.
Power Grid Corporation offers lower-risk options trades due to stable price action. The LTP is Rs. 291.00 with a 0.55% positive change. Volume is 92,129 shares. Market cap is Rs. 2,70,647.57 crore. The P/E ratio is 17.34, which is below the industry PE of 22.30. The 52-week high is Rs. 322.00, and the low is Rs. 247.30. The one-month return is 7.40%, and the three-month return is 4.28%. Consistent returns support range-bound options strategies.
Also Read - Best Binary Options Trading Platforms in 2025
UltraTech Cement is one of the most expensive stocks in the options space. The LTP is Rs. 12,762.00 with a change of -0.34%. Volume is low at 152 shares, but derivative volumes are strong. Market cap stands at Rs. 3,76,069.56 crore. PE ratio is 49.23 compared to the industry PE of 30.45. The 52-week high is Rs. 13,097.00, and the low is Rs. 10,047.85. One-month return is 7.25%, and the three-month return is 7.98%. High premium options are common in this stock.
Vedanta shows sharp moves that suit options traders. The LTP is Rs. 660.05 with a negative change of -4.03%. Volume is very high at 1,08,135 shares. Market cap is Rs. 2,58,105.16 crore. PE ratio is 12.99, while the industry PE is -107.53. The 52-week high is Rs. 769.80, and the low is Rs. 363.00. The one-month return is 6.99%, and the three-month return is a strong 29.89%. This stock often reacts quickly to news and commodity prices.
State Bank of India is the most liquid banking stock in options. The LTP is Rs. 1,068.20, with no major daily change. Volume is 27,821 shares. Market cap is massive at Rs. 9,86,014.57 crore. PE ratio is 11.76, while the industry PE is 9.86. The 52-week high is Rs. 1,089.80, and the low is Rs. 680.00. The one-month return is 6.93%, and the three-month return is 11.55%. Banking events often create high options activity.
Axis Bank also stays popular in the options segment. The LTP is Rs. 1,340.00 with a 0.10% change. Volume is 14,884 shares. Market cap is Rs. 4,16,001.46 crore. PE ratio is 15.74 compared to the industry PE of 9.74. The 52-week high is Rs. 1,418.30, and the low is Rs. 978.05. One-month return is 5.77%, and three-month return is 9.25%. Price swings are regular but controlled.
Tata Steel trades at Rs. 193.00 with a -1.23% change and a volume of 1,36,870 shares. Market cap is Rs. 2,40,932.07 crore. PE ratio is 36.43. Adani Ports trades at Rs. 1,568.00 with a market cap of Rs. 3,61,260.79 crore and a PE of 28.89. NTPC trades at Rs. 369.75 with a 0.68% change and a market cap of Rs. 3,58,534.23 crore. All three have one-month returns between 5.01% and 5.53% and solid three-month returns up to 11.84%. These stocks add depth to the options trading watchlist for 2026.
Also Read - Top High-Return Stocks in India for 2026
Options trading in India is expected to stay strong around large, liquid, and high market cap stocks. Companies with market caps above Rs. 2,40,000 crore, monthly returns between 5% and 11%, and wide 52-week ranges offer better premium opportunities. Stocks like ONGC, SBI, UltraTech Cement, Vedanta, and Power Grid continue to show reliable volumes and price movement. Number-driven selection, with a focus on PE ratios, returns, and trading range, is important for consistent options trading results.
What makes a stock good for options trading?
High liquidity, large market cap, active trading volume, and wide price movements make options more effective.
Why is Bharat Electronics popular in options?
Strong defence orders, high PE of 53.81, and a wide 52-week range create volatility.
Is UltraTech Cement suitable for beginners?
UltraTech Cement has high premiums and a large contract value, better for experienced traders.
Why does Vedanta show sharp options moves?
Commodity exposure and high volume of 1,08,135 shares lead to fast price reactions.
Are PSU stocks good for options trading in 2026?
Large PSU stocks with stable numbers and regular returns remain reliable for options strategies.
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