Bharat Electronics Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 210 | ₹— | 17.2% | — | — | — |
| — | — | — | —% | ₹— | 220 | ₹— | 16.2% | — | — | — |
| — | — | — | —% | ₹— | 230 | ₹— | 15.2% | — | — | — |
| — | — | — | —% | ₹— | 240 | ₹— | 14.3% | — | — | — |
| — | — | — | —% | ₹— | 250 | ₹— | 13.4% | — | — | — |
| — | — | — | —% | ₹— | 260 | ₹— | 12.5% | — | — | — |
| — | — | — | —% | ₹— | 270 | ₹— | 11.7% | — | — | — |
| — | — | — | —% | ₹— | 280 | ₹— | 10.9% | — | — | — |
| — | — | — | —% | ₹— | 285 | ₹— | 10.5% | — | — | — |
| — | — | — | —% | ₹— | 290 | ₹— | 10.1% | — | — | — |
| — | — | — | —% | ₹— | 295 | ₹— | 9.7% | — | — | — |
| — | — | — | —% | ₹— | 300 | ₹— | 9.3% | — | — | — |
| — | — | — | —% | ₹— | 305 | ₹— | 9.0% | — | — | — |
| — | — | — | —% | ₹— | 310 | ₹— | 8.6% | — | — | — |
| — | — | — | —% | ₹— | 315 | ₹— | 8.3% | — | — | — |
| — | — | — | —% | ₹— | 320 | ₹— | 7.9% | — | — | — |
| — | — | — | —% | ₹— | 325 | ₹— | 7.6% | — | — | — |
| — | — | — | —% | ₹93.35 | 330 | ₹0.15 | —% | — | 0 | 93K |
| — | — | — | —% | ₹— | 335 | ₹— | 6.9% | — | — | — |
| — | — | — | —% | ₹84.55 | 340 | ₹0.15 | —% | — | 0 | 2.4 L |
| 1K | +1K | — | —% | ₹110.70 | 345 | ₹0.10 | 79.6% | 7K | +3K | 2.1 L |
| 7K | 0 | — | —% | ₹64.00 | 350 | ₹0.15 | 80.2% | 16K | -14K | 4.2 L |
| — | — | — | —% | ₹86.30 | 355 | ₹0.15 | 76.7% | — | 0 | 50K |
| 3.5 L | 0 | — | —% | ₹99.80 | 360 | ₹0.10 | 71.3% | 1K | 0 | 2.4 L |
| 1K | 0 | — | —% | ₹60.10 | 365 | ₹0.10 | 65.8% | — | 0 | 1.4 L |
| 4.4 L | 0 | 1K | —% | ₹83.00 | 370 | ₹0.15 | 63.9% | 13K | -6K | 3.7 L |
| — | — | — | —% | ₹69.05 | 375 | ₹0.15 | 60.0% | 7K | +1K | 1.1 L |
| 4.2 L | 0 | — | 121.7% | ₹83.55 | 380 | ₹0.20 | 59.8% | 10K | -9K | 10.8 L |
| 1.8 L | 0 | — | 98.8% | ₹76.45 | 385 | ₹0.20 | 57.0% | — | 0 | 66K |
| 2.8 L | -9K | 44K | —% | ₹61.70 | 390 | ₹0.30 | 53.7% | 43K | -6K | 4.0 L |
| 1.9 L | 0 | — | —% | ₹49.60 | 395 | ₹0.30 | 55.3% | 30K | -7K | 2.3 L |
| 9.1 L | -1.1 L | 3.5 L | —% | ₹52.00 | 400 | ₹0.45 | 49.0% | 4.0 L | -1.1 L | 21.6 L |
| 5.3 L | -46K | 58K | —% | ₹46.65 | 405 | ₹0.50 | 46.1% | 71K | -11K | 5.2 L |
| 13.3 L | -73K | 1.0 L | —% | ₹42.20 | 410 | ₹0.60 | 43.4% | 3.4 L | -6K | 17.6 L |
| 4.6 L | 0 | 1K | —% | ₹40.00 | 415 | ₹0.75 | 42.3% | 1.3 L | -6K | 8.9 L |
| 14.3 L | -23K | 40K | —% | ₹33.35 | 420 | ₹0.95 | 38.6% | 5.1 L | -31K | 18.0 L |
| 6.5 L | +4K | 13K | 28.9% | ₹27.75 | 425 | ₹1.25 | 36.7% | 3.4 L | -47K | 6.2 L |
| 8.1 L | -43K | 1.3 L | 29.9% | ₹23.50 | 430 | ₹1.80 | 35.5% | 20.9 L | -2.2 L | 20.7 L |
| 4.6 L | -6K | 43K | 29.2% | ₹19.05 | 435 | ₹2.50 | 34.4% | 9.8 L | -6K | 9.1 L |
| 10.0 L | -98K | 4.0 L | 30.3% | ₹15.35 | 440 | ₹3.70 | 34.1% | 23.6 L | -1.8 L | 17.6 L |
| 9.9 L | -1.0 L | 3.7 L | 29.4% | ₹11.95 | 445 | ₹5.15 | 33.5% | 15.2 L | -63K | 7.6 L |
| 26.3 L | +1.5 L | 21.9 L | 30.1% | ₹8.90 | 450 | ₹7.30 | 33.7% | 30.9 L | -20K | 23.8 L |
| 18.7 L | +6.4 L | 30.2 L | 30.2% | ₹6.65 | 455 | ₹9.80 | 33.8% | 25.4 L | +1.5 L | 9.2 L |
| 41.2 L | +8.0 L | 81.4 L | 30.4% | ₹4.70 | 460 | ₹12.90 | 33.4% | 22.2 L | +36K | 15.2 L |
| 16.2 L | +3.1 L | 25.2 L | 30.8% | ₹3.30 | 465 | ₹16.85 | 36.5% | 5.4 L | +13K | 4.3 L |
| 29.9 L | +2.3 L | 40.9 L | 31.4% | ₹2.25 | 470 | ₹20.45 | 34.2% | 5.3 L | -1K | 6.3 L |
| 7.1 L | +61K | 17.0 L | 31.4% | ₹1.45 | 475 | ₹24.30 | 40.5% | 94K | +16K | 87K |
| 33.0 L | +1.0 L | 39.9 L | 31.8% | ₹0.95 | 480 | ₹28.70 | 42.4% | 33K | +4K | 2.5 L |
| 8.0 L | +29K | 12.6 L | 32.8% | ₹0.65 | 485 | ₹33.30 | 45.6% | 3K | 0 | 21K |
| 15.1 L | +1.4 L | 24.0 L | 34.5% | ₹0.50 | 490 | ₹29.55 | —% | — | 0 | 2.3 L |
| 2.8 L | +37K | 3.1 L | 35.3% | ₹0.35 | 495 | ₹63.25 | 156.8% | — | — | — |
| 54.5 L | +88K | 64.7 L | 36.6% | ₹0.25 | 500ATM | ₹46.50 | 52.1% | 4K | 0 | 3.8 L |
| 2.2 L | +74K | 2.2 L | 38.2% | ₹0.20 | 505 | ₹71.35 | 161.6% | — | — | — |
| 9.9 L | +20K | 7.5 L | 39.4% | ₹0.15 | 510 | ₹54.10 | 64.0% | — | 0 | 48K |
| — | — | — | 2.6% | ₹— | 515 | ₹— | —% | — | — | — |
| 7.6 L | -40K | 6.0 L | 42.3% | ₹0.10 | 520 | ₹97.00 | 221.3% | — | 0 | 3K |
| — | — | — | 3.0% | ₹— | 525 | ₹— | —% | — | — | — |
| 1.9 L | -7K | 13K | 41.4% | ₹0.10 | 530 | ₹72.55 | 68.7% | — | 0 | 20K |
| — | — | — | 3.4% | ₹— | 535 | ₹— | —% | — | — | — |
| — | — | — | 3.6% | ₹— | 540 | ₹— | —% | — | — | — |
| — | — | — | 3.8% | ₹— | 545 | ₹— | —% | — | — | — |
| — | — | — | 4.0% | ₹— | 550 | ₹— | —% | — | — | — |
| — | — | — | 4.2% | ₹— | 555 | ₹— | —% | — | — | — |
| — | — | — | 4.4% | ₹— | 560 | ₹— | —% | — | — | — |
| — | — | — | 4.6% | ₹— | 565 | ₹— | —% | — | — | — |
| — | — | — | 4.8% | ₹— | 570 | ₹— | —% | — | — | — |
| — | — | — | 5.0% | ₹— | 575 | ₹— | —% | — | — | — |
| — | — | — | 5.2% | ₹— | 580 | ₹— | —% | — | — | — |
| — | — | — | 5.4% | ₹— | 585 | ₹— | —% | — | — | — |
| — | — | — | 5.6% | ₹— | 590 | ₹— | —% | — | — | — |
| — | — | — | 5.7% | ₹— | 595 | ₹— | —% | — | — | — |
| — | — | — | 5.9% | ₹— | 600 | ₹— | —% | — | — | — |
| — | — | — | 6.3% | ₹— | 610 | ₹— | —% | — | — | — |
| — | — | — | 6.7% | ₹— | 620 | ₹— | —% | — | — | — |
| — | — | — | 7.0% | ₹— | 630 | ₹— | —% | — | — | — |
| — | — | — | 7.3% | ₹— | 640 | ₹— | —% | — | — | — |
| — | — | — | 7.7% | ₹— | 650 | ₹— | —% | — | — | — |
| — | — | — | 8.0% | ₹— | 660 | ₹— | —% | — | — | — |
| — | — | — | 8.4% | ₹— | 670 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
Key Strike Levels
Immediate resistance forms at ₹460, where call options show peak open interest with no prior buildup, indicating strong supply. Major support coincides at ₹210, reflecting deep-strike put concentration—though distant from spot, it signals long-term hedging at lows. The implied range, anchored by OI clusters at ₹455–₹460, suggests near-term consolidation between ₹450 and ₹465.
OI Buildup Activity
Fresh longs emerge in 460, 455, and 465 calls, with over 7.9 lakh contracts added at 460 CE—clear signal of aggressive call writing near-term. On the put side, 455 PE sees substantial OI accumulation (+1.4 lakh), revealing defensive long-put positions forming at strikingly close support. The asymmetric buildup—dominant call additions at 460 vs. measured put buying—suggests writers are testing upside resistance while longs hedge downside.
Volatility Read
At-the-money IV stands at 29.65%, above historical norms, reflecting elevated premium and hedging demand. The bearish skew—higher call OI at upper strikes, rising put buying at 455—confirms trader caution despite bullish option structures.
Strategy Implication
Bias leans toward range-bound conditions with elevated volatility favoring premium sellers between ₹455 and ₹460.