Adani Power Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 11K | 0 | — | —% | ₹— | 170 | ₹— | —% | — | +67K | 3.5 L |
| 11K | 0 | — | —% | ₹— | 175 | ₹— | —% | — | 0 | 3.7 L |
| 92K | 0 | — | —% | ₹— | 180 | ₹— | —% | — | +14K | 24.7 L |
| 78K | 0 | — | —% | ₹— | 185 | ₹— | —% | — | +28K | 8.7 L |
| 7.0 L | +4K | — | —% | ₹— | 190 | ₹— | —% | — | -6.0 L | 31.8 L |
| 7.6 L | 0 | — | —% | ₹— | 195 | ₹— | —% | — | +46K | 28.9 L |
| 30.3 L | +2.1 L | — | —% | ₹— | 200 | ₹— | —% | — | +36K | 87.5 L |
| 45.9 L | +4.0 L | — | —% | ₹— | 205 | ₹— | —% | — | +2.1 L | 49.8 L |
| 1.47 Cr | +15.4 L | — | —% | ₹— | 210ATM | ₹— | —% | — | +1.3 L | 69.2 L |
| 91.5 L | +4.8 L | — | —% | ₹— | 215 | ₹— | —% | — | +36K | 20.6 L |
| 91.9 L | +1.2 L | — | —% | ₹— | 220 | ₹— | —% | — | +50K | 28.8 L |
| 37.4 L | +1.3 L | — | —% | ₹— | 225 | ₹— | —% | — | 0 | 12.7 L |
| 73.3 L | +4.1 L | — | —% | ₹— | 230 | ₹— | —% | — | 0 | 13.3 L |
| 37.3 L | +64K | — | —% | ₹— | 235 | ₹— | —% | — | 0 | 60K |
| 69.3 L | +3.4 L | — | —% | ₹— | 240 | ₹— | —% | — | 0 | 9.2 L |
| 7.0 L | +4K | — | —% | ₹— | 250 | ₹— | —% | — | 0 | 7K |
| 14.5 L | -14K | — | —% | ₹— | 260 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
Live Greeks Panel
Key Strike Levels
The open‑interest (OI) picture is tightly clustered around the ₹205‑₹215 band, which frames the current spot of ₹207.2. The highest call OI sits at the ₹110 strike, while the greatest put OI also rests at the ₹110 strike, establishing a clear resistance‑support corridor. This concentration suggests that market participants expect the underlying to trade within roughly ₹205‑₹215 through the September 29 expiry.
OI Buildup Activity
Fresh OI adds show a pronounced buildup in calls: the ₹210 call accrues 15 contracts (total +37,150), the ₹215 call adds 4 contracts (+75,700), and the ₹205 call contributes 3 contracts (+97,600). On the put side, the ₹205 put increases by 2 contracts (+2,350), the ₹210 put by 1 contract (+34,900), and the deep‑OTM ₹170 put surges by 56 contracts (+800). The inflow of new OI in both directions indicates that market makers and institutional writers are tightening hedges around the identified range.
Volatility Read
The at‑the‑money implied volatility stands at 23.15%, reflecting moderate pricing of forward uncertainty. The volatility skew is bearish, with out‑of‑the‑money calls priced higher than comparable puts, hinting at a tilt toward downside risk perception.
Key OI Levels
The strikes with the highest concentration are ₹110 for both call (resistance) and put (support) open interest.