Angel One Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 3K | 0 | — | —% | ₹— | 220 | ₹— | —% | — | 0 | 4.3 L |
| 0 | 0 | — | —% | ₹— | 230 | ₹— | —% | — | +1.1 L | 1.1 L |
| 0 | 0 | — | —% | ₹— | 235 | ₹— | —% | — | +5K | 25K |
| 5K | 0 | — | —% | ₹— | 240 | ₹— | —% | — | +50K | 2.0 L |
| 0 | 0 | — | —% | ₹— | 245 | ₹— | —% | — | 0 | 18K |
| 3K | 0 | — | —% | ₹— | 250 | ₹— | —% | — | -13K | 6.8 L |
| 0 | 0 | — | —% | ₹— | 255 | ₹— | —% | — | +13K | 1.9 L |
| 3K | 0 | — | —% | ₹— | 260 | ₹— | —% | — | -2.6 L | 15.4 L |
| 0 | 0 | — | —% | ₹— | 265 | ₹— | —% | — | +68K | 3.2 L |
| 5.5 L | -10K | — | —% | ₹— | 270 | ₹— | —% | — | +8K | 6.1 L |
| 38K | -15K | — | —% | ₹— | 275 | ₹— | —% | — | -38K | 6.0 L |
| 10.2 L | +1.3 L | — | —% | ₹— | 280 | ₹— | —% | — | -58K | 10.4 L |
| 14.3 L | +28K | — | —% | ₹— | 285 | ₹— | —% | — | +5.9 L | 7.7 L |
| 12.6 L | +45K | — | —% | ₹— | 290 | ₹— | —% | — | -25K | 5.8 L |
| 3.5 L | +95K | — | —% | ₹— | 295 | ₹— | —% | — | +48K | 3.5 L |
| 25.2 L | +1.1 L | — | —% | ₹— | 300ATM | ₹— | —% | — | -35K | 9.5 L |
| 3.7 L | -38K | — | —% | ₹— | 305 | ₹— | —% | — | 0 | 58K |
| 15.4 L | -85K | — | —% | ₹— | 310 | ₹— | —% | — | 0 | 1.7 L |
| 2.2 L | +1.1 L | — | —% | ₹— | 315 | ₹— | —% | — | +5K | 50K |
| 8.4 L | +63K | — | —% | ₹— | 320 | ₹— | —% | — | -3K | 1.7 L |
| 4.7 L | -55K | — | —% | ₹— | 325 | ₹— | —% | — | 0 | 30K |
| 7.2 L | +48K | — | —% | ₹— | 330 | ₹— | —% | — | 0 | 1.5 L |
| 95K | +30K | — | —% | ₹— | 335 | ₹— | —% | — | 0 | 1.9 L |
| 3.4 L | +1.1 L | — | —% | ₹— | 340 | ₹— | —% | — | 0 | 1.1 L |
| 18K | +3K | — | —% | ₹— | 345 | ₹— | —% | — | 0 | 5K |
| 5.2 L | +1.4 L | — | —% | ₹— | 350 | ₹— | —% | — | 0 | 33K |
| 3.5 L | +95K | — | —% | ₹— | 360 | ₹— | —% | — | 0 | 3K |
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) cluster sits tightly between the 280‑300 ₹ call band and the 230‑285 ₹ put band, suggesting that market participants view this interval as the most probable price corridor for the underlying up to the 23‑Nov‑2026 expiry. The highest call OI of 120 contracts at the 0 ₹ strike reinforces a resistance anchor around ₹300, while the equal‑sized put OI at the 0 ₹ strike creates a corresponding support floor near ₹230. Consequently, the implied range implied by the OI distribution spans roughly ₹70, from the lower put concentration to the upper call concentration.
OI Buildup Activity
During the latest reporting window, fresh call OI increases of 350 contracts (+₹1.40 L) at the 300 ₹ strike, 280 contracts (+₹1.32 L) at the 280 ₹ strike, and 300 contracts (+₹1.12 L) at the 260 ₹ strike indicate that writers are aggressively adding exposure around the upper half of the identified range. On the put side, the biggest inflow appears at the 285 ₹ strike with an addition of 5 ₹ contracts (+₹5.92 L), followed by 230 ₹ (+₹1.02 L) and 265 ₹ (+₹0.68 L) levels, reflecting a defensive bias among sellers near the lower boundary. Overall, the concentration of new OI at these strikes points to a balanced positioning strategy where option writers hedge potential directional moves while capitalizing on premium decay.
Volatility Read
The at‑the‑money implied volatility stands at 33.3 %, moderately elevated relative to historical averages and indicative of a market that still prices a fair amount of uncertainty into the upcoming expiry. The volatility skew is bearish, meaning out‑of‑the‑money puts carry slightly higher implied vol than comparable calls, which may signal a subtle bias toward downside protection.
Key OI Levels
The strikes with the highest open interest concentration are the 300 ₹ call (120 contracts) and the 230 ₹ put (120 contracts).