Bajaj Auto Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 8,400 | ₹— | —% | — | 0 | 5K |
| — | — | — | —% | ₹— | 8,800 | ₹— | —% | — | 0 | 5K |
| — | — | — | —% | ₹— | 9,000 | ₹— | —% | — | 0 | 3K |
| 6K | 0 | — | —% | ₹— | 10,000 | ₹— | —% | — | -225 | 9K |
| 75 | 0 | — | —% | ₹— | 10,200 | ₹— | —% | — | — | — |
| 600 | 0 | — | —% | ₹— | 10,400 | ₹— | —% | — | 0 | 825 |
| 7K | 0 | — | —% | ₹— | 10,500 | ₹— | —% | — | -75 | 17K |
| 450 | 0 | — | —% | ₹— | 10,600 | ₹— | —% | — | -150 | 975 |
| 1K | 0 | — | —% | ₹— | 10,700 | ₹— | —% | — | 0 | 2K |
| 900 | 0 | — | —% | ₹— | 10,800 | ₹— | —% | — | -600 | 64K |
| 225 | 0 | — | —% | ₹— | 10,900 | ₹— | —% | — | 0 | 1K |
| 10K | 0 | — | —% | ₹— | 11,000 | ₹— | —% | — | +2K | 1.2 L |
| 825 | 0 | — | —% | ₹— | 11,100 | ₹— | —% | — | +900 | 25K |
| 5K | 0 | — | —% | ₹— | 11,200 | ₹— | —% | — | +300 | 17K |
| 525 | 0 | — | —% | ₹— | 11,300 | ₹— | —% | — | +11K | 74K |
| 825 | 0 | — | —% | ₹— | 11,400 | ₹— | —% | — | +900 | 58K |
| 43K | -75 | — | —% | ₹— | 11,500 | ₹— | —% | — | +5K | 1.8 L |
| 10K | +75 | — | —% | ₹— | 11,600 | ₹— | —% | — | +3K | 47K |
| 21K | -2K | — | —% | ₹— | 11,700 | ₹— | —% | — | -4K | 63K |
| 30K | +225 | — | —% | ₹— | 11,800 | ₹— | —% | — | -6K | 69K |
| 44K | +11K | — | —% | ₹— | 11,900 | ₹— | —% | — | -3K | 28K |
| 1.5 L | +4K | — | —% | ₹— | 12,000 | ₹— | —% | — | +5K | 76K |
| 1.0 L | +4K | — | —% | ₹— | 12,100 | ₹— | —% | — | -2K | 35K |
| 89K | 0 | — | —% | ₹— | 12,200 | ₹— | —% | — | -4K | 30K |
| 61K | +1K | — | —% | ₹— | 12,300 | ₹— | —% | — | -3K | 44K |
| 81K | +4K | — | —% | ₹— | 12,400 | ₹— | —% | — | -1K | 28K |
| 3.1 L | +32K | — | —% | ₹— | 12,500ATM | ₹— | —% | — | -150 | 52K |
| 28K | +3K | — | —% | ₹— | 12,600 | ₹— | —% | — | 0 | 4K |
| 20K | -1K | — | —% | ₹— | 12,700 | ₹— | —% | — | 0 | 0 |
| 39K | +2K | — | —% | ₹— | 12,800 | ₹— | —% | — | 0 | 0 |
| 47K | -1K | — | —% | ₹— | 12,900 | ₹— | —% | — | 0 | 2K |
| 1.8 L | -75 | — | —% | ₹— | 13,000 | ₹— | —% | — | 0 | 3K |
| 3K | +600 | — | —% | ₹— | 13,100 | ₹— | —% | — | 0 | 0 |
| 44K | -5K | — | —% | ₹— | 13,200 | ₹— | —% | — | 0 | 375 |
| 0 | 0 | — | —% | ₹— | 13,300 | ₹— | —% | — | 0 | 0 |
| 43K | +4K | — | —% | ₹— | 13,400 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 13,600 | ₹— | —% | — | 0 | 2K |
| 3K | +3K | — | —% | ₹— | 13,800 | ₹— | —% | — | 0 | 0 |
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 shows a clear resistance around the 12,500‑strike, where 10,000 contracts sit, and a strong support near the 11,300‑strike, also holding 10,000 contracts. The bulk of the OI clusters between 11,900 and 12,500, suggesting that market participants expect the underlying to trade in a roughly ₹11,900‑₹12,500 band through the September expiry. The ATM strike of 11,919 sits just above the lower edge of this range, confirming that the current spot price is near the identified support‑resistance corridor.
OI Buildup Activity
During the latest reporting window, the 12,500 call series attracted the largest new OI addition of 32,025 contracts, followed by 10,875 contracts at the 11,900 call and 4,575 contracts at the 12,100 call, indicating aggressive positioning by call writers near the resistance zone. On the put side, the 11,300 strike absorbed the biggest fresh OI of 11,025 contracts, with the 11,500 and 12,000 puts adding 5,175 and 4,425 contracts respectively, reflecting heightened hedging activity around the support cluster. These inflows demonstrate that market makers are building net short exposure at the identified resistance while bolstering protection at the support level.
Volatility Read
The at‑the‑money implied volatility stands at 15.08 %, modest for the sector and indicating a relatively calm price environment. The skew is bearish, with out‑of‑the‑money puts priced higher than calls, signalling that downside protection carries a premium.
Key OI Levels
The highest call OI concentration resides at the 12,500 strike (10,000 contracts), while the highest put OI concentration is at the 11,300 strike (10,000 contracts).