Bharat Heavy Electricals Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.5 L | 0 | — | —% | ₹— | 340 | ₹— | —% | — | -3K | 95K |
| 1.4 L | 0 | — | —% | ₹— | 350 | ₹— | —% | — | -8K | 1.4 L |
| 39K | 0 | — | —% | ₹— | 360 | ₹— | —% | — | 0 | 1.5 L |
| 8K | 0 | — | —% | ₹— | 365 | ₹— | —% | — | — | — |
| 26K | 0 | — | —% | ₹— | 370 | ₹— | —% | — | +13K | 4.6 L |
| 84K | 0 | — | —% | ₹— | 375 | ₹— | —% | — | +3K | 2.0 L |
| 2.7 L | 0 | — | —% | ₹— | 380 | ₹— | —% | — | +18K | 12.8 L |
| 66K | 0 | — | —% | ₹— | 385 | ₹— | —% | — | +26K | 4.3 L |
| 1.3 L | 0 | — | —% | ₹— | 390 | ₹— | —% | — | -21K | 14.5 L |
| 1.1 L | +3K | — | —% | ₹— | 395 | ₹— | —% | — | -32K | 2.9 L |
| 7.5 L | -18K | — | —% | ₹— | 400 | ₹— | —% | — | -3.1 L | 24.8 L |
| 1.4 L | 0 | — | —% | ₹— | 405 | ₹— | —% | — | +11K | 3.8 L |
| 19.5 L | +3K | — | —% | ₹— | 410 | ₹— | —% | — | -37K | 19.8 L |
| 3.6 L | -16K | — | —% | ₹— | 415 | ₹— | —% | — | -1.7 L | 8.7 L |
| 24.4 L | -87K | — | —% | ₹— | 420 | ₹— | —% | — | +1.9 L | 23.4 L |
| 9.1 L | -5K | — | —% | ₹— | 425 | ₹— | —% | — | +1.2 L | 18.2 L |
| 31.8 L | -3.6 L | — | —% | ₹— | 430ATM | ₹— | —% | — | +3.8 L | 26.4 L |
| 22.7 L | +3.3 L | — | —% | ₹— | 435 | ₹— | —% | — | +1.3 L | 10.3 L |
| 27.9 L | +4.6 L | — | —% | ₹— | 440 | ₹— | —% | — | +26K | 13.2 L |
| 13.4 L | +60K | — | —% | ₹— | 445 | ₹— | —% | — | +42K | 1.6 L |
| 38.2 L | -7.9 L | — | —% | ₹— | 450 | ₹— | —% | — | +3K | 3.6 L |
| 3.9 L | -63K | — | —% | ₹— | 455 | ₹— | —% | — | 0 | 21K |
| 27.4 L | +2.1 L | — | —% | ₹— | 460 | ₹— | —% | — | 0 | 32K |
| 6.8 L | -34K | — | —% | ₹— | 465 | ₹— | —% | — | +3K | 3K |
| 11.5 L | -11K | — | —% | ₹— | 470 | ₹— | —% | — | 0 | 89K |
| 3.1 L | +13K | — | —% | ₹— | 475 | ₹— | —% | — | 0 | 13K |
| 22.8 L | -3K | — | —% | ₹— | 480 | ₹— | —% | — | 0 | 21K |
| 87K | +11K | — | —% | ₹— | 485 | ₹— | —% | — | 0 | 0 |
| 4.6 L | +8K | — | —% | ₹— | 490 | ₹— | —% | — | 0 | 0 |
| 50K | 0 | — | —% | ₹— | 495 | ₹— | —% | — | 0 | 0 |
| 15.3 L | +5K | — | —% | ₹— | 500 | ₹— | —% | — | 0 | 1.5 L |
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 pool clusters heavily around the 240 strike for both calls and puts, marking a tight 240‑240 range as the primary resistance and support in the market cycle, reflecting strong trader consensus. Above 240, call open interest builds at 435, 440 and 460, suggesting incremental upside caps which may act as successive ceiling levels if price rallies. Below 240, put open interest concentrates at 420, 425 and 430, indicating incremental downside floors providing layered protection for bearish bets.
OI Buildup Activity
During the latest session, fresh call open interest of 54,125 contracts adds at the 440 strike, 28,125 at 435 and 7,375 at 460, reflecting new long exposure near the upper band. This surge underscores optimism among traders. Put side sees additions of 88,500 contracts at 430, 89,000 at 420 and 26,000 at 425, denoting fresh short‑side protection near the lower band. Such depth hints at defensive positioning. The accumulation pattern points to market participants reinforcing positions around the identified resistance and support levels.
Volatility Read
Implied volatility sits at 30.17 %, indicating moderate price uncertainty for the remaining days to expiry. The volatility skew is bearish, with out‑of‑the‑money puts priced higher than comparable calls, consistent with a downward bias in the market’s risk perception.
Key OI Levels
The largest open‑interest concentrations appear at the 240 strike for calls (resistance) and puts (support).