Ashok Leyland Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 75 | ₹— | 18.9% | — | — | — |
| — | — | — | —% | ₹— | 80 | ₹— | 17.4% | — | — | — |
| — | — | — | —% | ₹— | 85 | ₹— | 16.1% | — | — | — |
| — | — | — | —% | ₹— | 90 | ₹— | 14.8% | — | — | — |
| — | — | — | —% | ₹— | 95 | ₹— | 13.6% | — | — | — |
| — | — | — | —% | ₹— | 97.5 | ₹— | 13.1% | — | — | — |
| — | — | — | —% | ₹— | 100 | ₹— | 12.5% | — | — | — |
| — | — | — | —% | ₹— | 102.5 | ₹— | 11.9% | — | — | — |
| — | — | — | —% | ₹— | 105 | ₹— | 11.4% | — | — | — |
| — | — | — | —% | ₹— | 107.5 | ₹— | 10.9% | — | — | — |
| — | — | — | —% | ₹— | 110 | ₹— | 10.4% | — | — | — |
| — | — | — | —% | ₹— | 112.5 | ₹— | 9.9% | — | — | — |
| — | — | — | —% | ₹— | 115 | ₹— | 9.4% | — | — | — |
| — | — | — | —% | ₹— | 117.5 | ₹— | 8.9% | — | — | — |
| — | — | — | —% | ₹— | 120 | ₹— | 8.5% | — | — | — |
| — | — | — | —% | ₹— | 122.5 | ₹— | 8.0% | — | — | — |
| 15K | 0 | 5K | —% | ₹52.05 | 125 | ₹0.02 | —% | 4.2 L | +5K | 9.3 L |
| — | — | — | —% | ₹— | 127.5 | ₹— | 7.1% | — | — | — |
| 4.5 L | 0 | — | —% | ₹45.34 | 130 | ₹0.03 | —% | 2.4 L | -5K | 12.7 L |
| — | — | — | —% | ₹53.39 | 132.5 | ₹0.04 | 82.8% | 30K | -25K | 1.1 L |
| 3.7 L | 0 | — | —% | ₹41.10 | 135 | ₹0.04 | 78.4% | 2.7 L | -1.3 L | 7.7 L |
| — | — | — | —% | ₹50.78 | 137.5 | ₹0.05 | 76.3% | 70K | -25K | 1.8 L |
| 8.9 L | 0 | — | 107.8% | ₹36.97 | 140 | ₹0.05 | 70.8% | 9.8 L | -3.6 L | 16.6 L |
| 4.2 L | 0 | — | —% | ₹31.55 | 142.5 | ₹0.06 | 67.5% | 3.3 L | -1.4 L | 10.1 L |
| 8.8 L | 0 | 25K | —% | ₹32.82 | 145 | ₹0.08 | 65.3% | 8.8 L | -2.0 L | 23.2 L |
| 5.2 L | 0 | — | —% | ₹25.50 | 147.5 | ₹0.11 | 63.0% | 2.4 L | -65K | 11.7 L |
| 16.8 L | -25K | 60K | 72.8% | ₹27.10 | 150 | ₹0.12 | 59.9% | 28.4 L | -5.0 L | 31.9 L |
| 6.0 L | -5K | 55K | 40.4% | ₹26.06 | 152.5 | ₹0.17 | 58.2% | 6.5 L | +30K | 7.0 L |
| 30.1 L | 0 | — | 61.7% | ₹21.75 | 155 | ₹0.22 | 55.5% | 35.3 L | -12.8 L | 34.2 L |
| 12.6 L | -10K | 25K | 47.4% | ₹21.21 | 157.5 | ₹0.31 | 53.0% | 5.3 L | +65K | 14.7 L |
| 45.5 L | 0 | 1.4 L | 51.9% | ₹17.51 | 160 | ₹0.40 | 50.9% | 35.5 L | -4.6 L | 74.7 L |
| 5.4 L | -20K | 50K | 49.6% | ₹15.39 | 162.5 | ₹0.50 | 47.5% | 20.2 L | -7.1 L | 10.3 L |
| 55.8 L | -2.5 L | 4.8 L | 43.3% | ₹12.85 | 165 | ₹0.69 | 44.4% | 46.9 L | -12.6 L | 39.9 L |
| 25.5 L | -20K | 1.2 L | 43.9% | ₹10.83 | 167.5 | ₹0.96 | 42.9% | 14.3 L | +1.8 L | 25.0 L |
| 46.0 L | -50K | 11.1 L | 43.1% | ₹8.71 | 170 | ₹1.40 | 40.9% | 52.4 L | +2.5 L | 64.8 L |
| 9.6 L | +55K | 3.6 L | 40.8% | ₹6.87 | 172.5 | ₹1.97 | 39.4% | 29.4 L | +4.0 L | 20.3 L |
| 40.2 L | -2.0 L | 45.4 L | 40.1% | ₹5.15 | 175 | ₹2.84 | 38.8% | 47.9 L | +5.5 L | 34.1 L |
| 25.9 L | +75K | 57.9 L | 41.3% | ₹4.00 | 177.5 | ₹3.97 | 38.4% | 27.6 L | +5.2 L | 23.1 L |
| 95.7 L | +45K | 1.44 Cr | 41.8% | ₹2.97 | 180 | ₹5.43 | 38.6% | 14.7 L | +2.2 L | 26.4 L |
| 18.6 L | +2.5 L | 28.9 L | 41.8% | ₹2.10 | 182.5 | ₹7.19 | 40.3% | 3.1 L | +10K | 4.0 L |
| 1.21 Cr | +26.7 L | 2.56 Cr | 42.7% | ₹1.51 | 185ATM | ₹8.93 | 41.6% | 4.3 L | +1.4 L | 7.0 L |
| 18.4 L | +5.0 L | 16.6 L | 42.5% | ₹1.02 | 187.5 | ₹10.12 | 43.2% | 80K | +15K | 1.2 L |
| 69.7 L | +10K | 49.6 L | 43.1% | ₹0.70 | 190 | ₹11.95 | 43.6% | 2.2 L | +5K | 4.5 L |
| 6.8 L | +45K | 7.3 L | 43.1% | ₹0.45 | 192.5 | ₹26.50 | 164.2% | — | 0 | 5K |
| 31.3 L | +85K | 22.9 L | 43.9% | ₹0.31 | 195 | ₹19.12 | 50.0% | — | 0 | 2.5 L |
| — | — | — | 284.8% | ₹20.76 | 197.5 | ₹5.82 | —% | — | — | — |
| 79.9 L | -1.8 L | 31.2 L | 46.1% | ₹0.15 | 200 | ₹22.64 | —% | 75K | -25K | 23.6 L |
| 4.0 L | +20K | 1.4 L | 46.8% | ₹0.10 | 202.5 | ₹44.34 | 274.5% | — | — | — |
| 12.2 L | +65K | 7.5 L | 47.0% | ₹0.07 | 205 | ₹26.50 | 62.6% | 5K | 0 | 45K |
| — | — | — | 3.6% | ₹— | 207.5 | ₹8.58 | —% | — | 0 | 5K |
| 21.9 L | -30K | 1.6 L | 50.9% | ₹0.04 | 210 | ₹34.41 | 85.2% | — | 0 | 39.4 L |
| 5K | 0 | — | 80.6% | ₹0.50 | 212.5 | ₹— | —% | — | — | — |
| 2.8 L | 0 | 5K | 55.3% | ₹0.04 | 215 | ₹39.53 | 96.9% | — | 0 | 1.4 L |
| — | — | — | 4.6% | ₹— | 217.5 | ₹47.00 | —% | — | 0 | 5K |
| 19.7 L | -1.2 L | 3.3 L | 60.5% | ₹0.03 | 220 | ₹42.30 | —% | — | 0 | 13.9 L |
| — | — | — | 5.1% | ₹— | 222.5 | ₹— | —% | — | — | — |
| — | — | — | —% | ₹4.47 | 225 | ₹46.00 | 76.0% | 1.4 L | -1.1 L | 65K |
| — | — | — | 5.6% | ₹— | 227.5 | ₹— | —% | — | — | — |
| 13.1 L | 0 | 5K | 69.3% | ₹0.03 | 230 | ₹54.04 | —% | — | 0 | 70K |
| 15K | 0 | — | —% | ₹0.30 | 235 | ₹73.00 | —% | — | 0 | 15K |
| — | — | — | 6.8% | ₹— | 240 | ₹— | —% | — | — | — |
| — | — | — | 7.3% | ₹— | 245 | ₹— | —% | — | — | — |
| — | — | — | 7.7% | ₹— | 250 | ₹— | —% | — | — | — |
| — | — | — | 8.1% | ₹— | 255 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
Key Strike Levels
Strong resistance forms at ₹187.5, backed by peak call OI at 100 contracts, while ₹175 acts as immediate support with highest put OI also at 100 contracts. The implied range centers between ₹172.5 and ₹187.5, with concentrated positioning suggesting directional hesitation near-term. Friday expiry may see pinning action near ₹177.5, where both call and put activity cluster.
OI Buildup Activity
Fresh long calls emerge at ₹185, with a massive +25.4 lakh contract addition, signaling aggressive bullish positioning above spot. Writers are increasingly short calls at ₹182.5, ₹185, and ₹187.5, indicating resistance buildup and potential overwriting ahead of upside tests. On the put side, longs accumulate at ₹175, ₹177.5, and ₹172.5, suggesting defensive longs anticipate downside cushion near ₹172.5.
Volatility Read
ATM volatility holds at elevated 40.5%, reflecting sustained event risk and premium richness in near-dated options. A bearish skew persists, with higher implied volatility in puts, underscoring hedging demand amid fragile sentiment.
Strategy Implication
Bias leans cautious-negative with premium selling and spread strategies favored into resistance-heavy zone above spot.