Bharat Heavy Electricals Limited Option Chain Analysis
2026-04-282026-05-26
Total CE OI
4.73 Cr
Total PE OI
4.16 Cr
PCR
0.88
Neutral
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 125 | ₹— | 21.1% | — | — | — |
| — | — | — | —% | ₹— | 130 | ₹— | 20.3% | — | — | — |
| — | — | — | —% | ₹— | 135 | ₹— | 19.4% | — | — | — |
| — | — | — | —% | ₹— | 140 | ₹— | 18.6% | — | — | — |
| — | — | — | —% | ₹— | 145 | ₹— | 17.9% | — | — | — |
| — | — | — | —% | ₹— | 150 | ₹— | 17.1% | — | — | — |
| — | — | — | —% | ₹— | 155 | ₹— | 16.4% | — | — | — |
| — | — | — | —% | ₹— | 160 | ₹— | 15.7% | — | — | — |
| — | — | — | —% | ₹— | 165 | ₹— | 15.0% | — | — | — |
| — | — | — | —% | ₹— | 170 | ₹— | 14.4% | — | — | — |
| — | — | — | —% | ₹— | 172.5 | ₹— | 14.1% | — | — | — |
| — | — | — | —% | ₹— | 175 | ₹— | 13.7% | — | — | — |
| — | — | — | —% | ₹— | 177.5 | ₹— | 13.4% | — | — | — |
| — | — | — | —% | ₹— | 180 | ₹— | 13.1% | — | — | — |
| — | — | — | —% | ₹— | 182.5 | ₹— | 12.8% | — | — | — |
| — | — | — | —% | ₹— | 185 | ₹— | 12.5% | — | — | — |
| — | — | — | —% | ₹— | 187.5 | ₹— | 12.2% | — | — | — |
| — | — | — | —% | ₹— | 190 | ₹— | 11.9% | — | — | — |
| — | — | — | —% | ₹— | 192.5 | ₹— | 11.6% | — | — | — |
| — | — | — | —% | ₹— | 195 | ₹— | 11.3% | — | — | — |
| — | — | — | —% | ₹— | 197.5 | ₹— | 11.1% | — | — | — |
| — | — | — | —% | ₹— | 200 | ₹— | 10.8% | — | — | — |
| — | — | — | —% | ₹— | 202.5 | ₹— | 10.5% | — | — | — |
| — | — | — | —% | ₹50.95 | 205 | ₹0.05 | —% | — | 0 | 2.5 L |
| — | — | — | —% | ₹— | 207.5 | ₹— | 10.0% | — | — | — |
| 42K | 0 | — | —% | ₹118.00 | 210 | ₹0.05 | —% | 5K | -3K | 4.6 L |
| — | — | — | —% | ₹54.45 | 212.5 | ₹0.04 | —% | — | 0 | 53K |
| 8K | 0 | — | —% | ₹38.90 | 215 | ₹0.05 | —% | 16K | -8K | 74K |
| — | — | — | —% | ₹50.30 | 217.5 | ₹3.50 | —% | — | — | — |
| 1.5 L | 0 | — | —% | ₹109.00 | 220 | ₹0.05 | —% | 3K | 0 | 3.0 L |
| 3K | +3K | — | —% | ₹87.51 | 222.5 | ₹0.18 | —% | — | 0 | 39K |
| 8K | 0 | — | —% | ₹26.35 | 225 | ₹0.08 | —% | 5K | 0 | 100K |
| — | — | — | —% | ₹42.45 | 227.5 | ₹0.11 | —% | — | 0 | 18K |
| 2.7 L | 0 | 3K | —% | ₹99.15 | 230 | ₹0.08 | —% | 3K | 0 | 6.6 L |
| — | — | — | —% | ₹38.80 | 232.5 | ₹0.14 | —% | — | 0 | 1.3 L |
| 66K | 0 | — | —% | ₹72.60 | 235 | ₹0.12 | —% | — | 0 | 4.5 L |
| 100K | 0 | — | —% | ₹21.73 | 237.5 | ₹0.10 | —% | 26K | -5K | 1.5 L |
| 3.9 L | 0 | — | —% | ₹89.00 | 240 | ₹0.09 | —% | 3.0 L | -1.9 L | 11.1 L |
| 1.7 L | 0 | 11K | —% | ₹82.59 | 242.5 | ₹0.14 | —% | — | 0 | 1.8 L |
| 6.0 L | 0 | 5K | —% | ₹79.00 | 245 | ₹0.12 | —% | 2.2 L | -29K | 4.6 L |
| 3.9 L | +3K | 8K | —% | ₹77.19 | 247.5 | ₹0.11 | —% | 1.5 L | +8K | 2.5 L |
| 12.9 L | -11K | 39K | —% | ₹79.50 | 250 | ₹0.14 | —% | 5.2 L | +1.2 L | 26.5 L |
| 3.6 L | 0 | — | —% | ₹79.00 | 252.5 | ₹0.18 | 82.4% | — | 0 | 2.4 L |
| 14.5 L | 0 | — | —% | ₹69.64 | 255 | ₹0.10 | 77.4% | 1.6 L | -11K | 4.9 L |
| 3.6 L | 0 | — | —% | ₹67.21 | 257.5 | ₹0.16 | 79.4% | 11K | -3K | 2.2 L |
| 23.8 L | 0 | 1.5 L | —% | ₹69.82 | 260 | ₹0.15 | 77.7% | 1.7 L | -58K | 17.3 L |
| 2.4 L | 0 | — | —% | ₹69.90 | 262.5 | ₹0.16 | 75.8% | 42K | -21K | 1.5 L |
| 5.2 L | -3K | 1.2 L | —% | ₹64.93 | 265 | ₹0.17 | 73.7% | 2.5 L | -63K | 8.5 L |
| 1.4 L | 0 | — | 106.2% | ₹60.70 | 267.5 | ₹0.26 | 73.6% | 3K | 0 | 1.3 L |
| 18.4 L | -21K | 34K | 70.4% | ₹61.90 | 270 | ₹0.20 | 69.9% | 10.0 L | -3.1 L | 19.9 L |
| 1.1 L | 0 | — | 118.4% | ₹57.43 | 272.5 | ₹0.34 | 67.1% | — | 0 | 1.4 L |
| 10.7 L | 0 | — | 109.7% | ₹54.50 | 275 | ₹0.26 | 65.9% | 1.4 L | -58K | 6.3 L |
| 2.5 L | 0 | — | 127.9% | ₹54.39 | 277.5 | ₹0.26 | 62.9% | 37K | -21K | 2.5 L |
| 8.6 L | -5K | 34K | 53.1% | ₹50.00 | 280 | ₹0.27 | 62.0% | 5.3 L | +32K | 18.1 L |
| 2.0 L | 0 | — | 112.3% | ₹48.65 | 282.5 | ₹0.65 | 63.1% | — | 0 | 3.6 L |
| 5.8 L | -5K | 11K | 58.1% | ₹45.50 | 285 | ₹0.33 | 58.5% | 3.2 L | -24K | 8.5 L |
| 1.4 L | 0 | 3K | 53.0% | ₹41.90 | 287.5 | ₹0.37 | 57.0% | 18K | -8K | 3.9 L |
| 13.4 L | -1.3 L | 2.2 L | 48.9% | ₹42.00 | 290 | ₹0.44 | 55.9% | 12.4 L | +8K | 17.3 L |
| 3.1 L | 0 | 5K | 46.8% | ₹38.92 | 292.5 | ₹0.46 | 53.5% | 66K | +5K | 2.1 L |
| 5.6 L | -39K | 71K | 49.7% | ₹37.23 | 295 | ₹0.53 | 52.2% | 4.8 L | -39K | 5.8 L |
| 3.5 L | 0 | 8K | 46.9% | ₹34.11 | 297.5 | ₹0.63 | 51.0% | 63K | 0 | 2.7 L |
| 16.3 L | -2.3 L | 6.5 L | 47.2% | ₹32.40 | 300 | ₹0.74 | 49.6% | 19.2 L | -81K | 23.5 L |
| 2.0 L | 0 | — | 34.1% | ₹23.54 | 302.5 | ₹0.96 | 47.5% | 1.9 L | 0 | 1.5 L |
| 6.1 L | -11K | 42K | 47.1% | ₹27.86 | 305 | ₹0.99 | 46.6% | 9.4 L | 0 | 11.6 L |
| 2.6 L | -3K | 29K | 43.3% | ₹24.05 | 307.5 | ₹1.17 | 45.2% | 3.6 L | -58K | 2.4 L |
| 15.3 L | -4.9 L | 8.1 L | 43.0% | ₹23.20 | 310 | ₹1.43 | 44.5% | 39.0 L | -50K | 32.3 L |
| 3.4 L | +3K | 63K | 43.1% | ₹19.55 | 312.5 | ₹1.75 | 43.8% | 4.5 L | -26K | 4.8 L |
| 30.4 L | -1.1 L | 4.1 L | 41.9% | ₹18.87 | 315 | ₹2.14 | 43.0% | 26.9 L | +1.2 L | 18.4 L |
| 3.6 L | -18K | 1.3 L | 41.9% | ₹16.90 | 317.5 | ₹2.55 | 42.2% | 4.1 L | -26K | 3.1 L |
| 17.2 L | -1.4 L | 24.1 L | 41.2% | ₹14.90 | 320 | ₹3.14 | 41.7% | 61.3 L | +4.2 L | 20.3 L |
| 1.9 L | -37K | 4.0 L | 40.0% | ₹12.99 | 322.5 | ₹3.74 | 40.6% | 8.7 L | +66K | 2.8 L |
| 11.9 L | -60K | 50.0 L | 39.8% | ₹11.33 | 325 | ₹4.60 | 40.8% | 50.8 L | +4.3 L | 14.5 L |
| 3.9 L | -66K | 22.8 L | 40.2% | ₹9.81 | 327.5 | ₹5.46 | 40.0% | 14.6 L | +1.5 L | 4.6 L |
| 44.3 L | +1.1 L | 1.46 Cr | 39.9% | ₹8.37 | 330ATM | ₹6.58 | 40.0% | 65.7 L | +12.3 L | 59.7 L |
| 8.7 L | -84K | 22.0 L | 39.5% | ₹7.14 | 332.5 | ₹7.76 | 39.5% | 5.6 L | -66K | 7.5 L |
| 26.9 L | +1.7 L | 73.9 L | 39.2% | ₹5.92 | 335 | ₹9.11 | 39.7% | 6.0 L | +8K | 3.4 L |
| 1.8 L | -16K | 5.9 L | 39.1% | ₹4.91 | 337.5 | ₹70.89 | 347.3% | — | — | — |
| 35.6 L | +1.6 L | 1.23 Cr | 39.5% | ₹4.12 | 340 | ₹12.25 | 40.1% | 3.1 L | -8K | 1.6 L |
| 2.7 L | +24K | 5.0 L | 39.5% | ₹3.35 | 342.5 | ₹64.58 | 296.2% | — | — | — |
| 15.0 L | +2.8 L | 40.5 L | 39.2% | ₹2.70 | 345 | ₹16.41 | —% | — | 0 | 3K |
| 2.8 L | +5K | 3.0 L | 39.5% | ₹2.22 | 347.5 | ₹69.46 | 305.4% | — | — | — |
| 27.9 L | -7.5 L | 62.5 L | 39.5% | ₹1.74 | 350 | ₹19.85 | 39.9% | 76K | -3K | 39K |
| 1.3 L | +76K | 1.5 L | 39.7% | ₹1.40 | 352.5 | ₹74.38 | 314.5% | — | — | — |
| 13.8 L | +1.6 L | 25.2 L | 39.8% | ₹1.08 | 355 | ₹25.65 | —% | — | 0 | 11K |
| — | — | — | 31.4% | ₹0.12 | 357.5 | ₹72.00 | 284.0% | — | — | — |
| 7.7 L | +47K | 10.4 L | 40.2% | ₹0.67 | 360 | ₹108.45 | 471.8% | — | — | — |
| 89K | +89K | 2.2 L | 39.8% | ₹0.49 | 362.5 | ₹73.98 | 276.6% | — | — | — |
| — | — | — | 79.7% | ₹3.40 | 365 | ₹90.45 | 356.0% | — | — | — |
| 5K | +5K | 18K | 40.4% | ₹0.30 | 367.5 | ₹74.29 | 259.9% | — | — | — |
| 2.4 L | -5K | 4.4 L | 41.1% | ₹0.24 | 370 | ₹117.90 | 485.6% | — | — | — |
| 66K | +66K | 1.4 L | 44.4% | ₹0.29 | 372.5 | ₹62.69 | 175.6% | — | — | — |
| 18K | +18K | 26K | 44.3% | ₹0.17 | 375 | ₹120.13 | —% | — | — | — |
| — | — | — | 46.0% | ₹0.11 | 377.5 | ₹67.62 | 182.6% | — | — | — |
| — | — | — | 36.6% | ₹0.01 | 380 | ₹113.08 | —% | — | — | — |
| — | — | — | 3.5% | ₹— | 382.5 | ₹— | —% | — | — | — |
| — | — | — | 3.6% | ₹— | 385 | ₹— | —% | — | — | — |
| — | — | — | 3.8% | ₹— | 387.5 | ₹— | —% | — | — | — |
| — | — | — | 3.9% | ₹— | 390 | ₹— | —% | — | — | — |
| — | — | — | 4.1% | ₹— | 392.5 | ₹— | —% | — | — | — |
| — | — | — | 4.2% | ₹— | 395 | ₹— | —% | — | — | — |
| — | — | — | 4.3% | ₹— | 397.5 | ₹— | —% | — | — | — |
| — | — | — | 4.5% | ₹— | 400 | ₹— | —% | — | — | — |
| — | — | — | 4.8% | ₹— | 405 | ₹— | —% | — | — | — |
| — | — | — | 5.0% | ₹— | 410 | ₹— | —% | — | — | — |
| — | — | — | 5.3% | ₹— | 415 | ₹— | —% | — | — | — |
| — | — | — | 5.6% | ₹— | 420 | ₹— | —% | — | — | — |
| — | — | — | 5.8% | ₹— | 425 | ₹— | —% | — | — | — |
| — | — | — | 6.1% | ₹— | 430 | ₹— | —% | — | — | — |
| — | — | — | 6.3% | ₹— | 435 | ₹— | —% | — | — | — |
| — | — | — | 6.6% | ₹— | 440 | ₹— | —% | — | — | — |
| — | — | — | 6.8% | ₹— | 445 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
AI AnalysisGenerated daily after market close · AI-powered
Key Strike Levels
Immediate resistance clusters at ₹345, where fresh long calls dominate open interest buildup. Strong support emerges at ₹330, reinforced by massive put OI accumulation ahead of the April expiry. The implied range, anchored by ₹320 and ₹355 as outer bounds, suggests near-term equilibrium between bulls and bears.
OI Buildup Activity
Call writers add exposure at ₹335 and ₹345, signaling conviction in capping upward momentum near-term. Put writers fortify the ₹330 and ₹325 strikes, absorbing downside bets with substantial fresh OI. This two-way buildup reflects active positioning—fresh longs testing resistance while protection mounts below spot.
Volatility Read
ATM IV holds at 39.46%, reflecting elevated but stable premium levels ahead of the long-dated expiry. Neutral skew confirms balanced risk pricing between calls and puts, with no pronounced fear or greed skewing option values.
Strategy Implication
Range-bound bias favors premium sellers between ₹320 and ₹345, with directional breakout trades awaiting clear OI and price confirmation.
Related Analysis
Frequently Asked Questions
What is the highest call OI strike for Bharat Heavy Electricals Limited today?▾
The strike with highest call (CE) open interest for Bharat Heavy Electricals Limited is ₹330 for the 2026-04-28 expiry. This acts as a key resistance level since call writers will defend this strike aggressively near expiry.
What is the highest put OI strike for Bharat Heavy Electricals Limited today?▾
The strike with highest put (PE) open interest for Bharat Heavy Electricals Limited is ₹330 for the 2026-04-28 expiry. This acts as a key support level — put writers will tend to defend this level near expiry.
What does OI buildup in Bharat Heavy Electricals Limited options mean?▾
Open Interest (OI) buildup in Bharat Heavy Electricals Limited options shows how many net new contracts are being created at each strike. Rising OI at a strike means fresh positions (writers or buyers). Rising OI with rising price = long buildup (bullish); rising OI with falling price = short buildup (bearish).
When does Bharat Heavy Electricals Limited options expire?▾
Bharat Heavy Electricals Limited options have their nearest expiry on 2026-04-28. NSE F&O stocks have monthly expiry contracts — typically the last Tuesday of each month. MarketNetra shows data for the nearest two expiries.
How to read Bharat Heavy Electricals Limited option chain?▾
The Bharat Heavy Electricals Limited option chain shows calls (CE) on the left and puts (PE) on the right for each strike price. Key columns: OI (total open contracts), OI Change (new positions today), Volume (today's trades), IV (implied volatility — higher = more uncertainty), and LTP (last traded price). The ATM (at-the-money) strike is highlighted in blue.