Bharat Petroleum Corporation Limited Option Chain Analysis
2026-04-282026-05-26
Total CE OI
2.20 Cr
Total PE OI
2.04 Cr
PCR
0.92
Neutral
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 130 | ₹— | 19.6% | — | — | — |
| — | — | — | —% | ₹— | 140 | ₹— | 18.0% | — | — | — |
| — | — | — | —% | ₹— | 150 | ₹— | 16.5% | — | — | — |
| — | — | — | —% | ₹— | 160 | ₹— | 15.1% | — | — | — |
| — | — | — | —% | ₹— | 170 | ₹— | 13.7% | — | — | — |
| — | — | — | —% | ₹— | 180 | ₹— | 12.5% | — | — | — |
| — | — | — | —% | ₹— | 185 | ₹— | 11.8% | — | — | — |
| — | — | — | —% | ₹— | 190 | ₹— | 11.3% | — | — | — |
| — | — | — | —% | ₹— | 195 | ₹— | 10.7% | — | — | — |
| — | — | — | —% | ₹— | 200 | ₹— | 10.1% | — | — | — |
| — | — | — | —% | ₹— | 205 | ₹— | 9.6% | — | — | — |
| — | — | — | —% | ₹— | 210 | ₹— | 9.1% | — | — | — |
| — | — | — | —% | ₹— | 215 | ₹— | 8.5% | — | — | — |
| 32K | 0 | — | —% | ₹91.00 | 220 | ₹0.05 | —% | 43K | -24K | 8.8 L |
| 2K | 0 | — | —% | ₹84.65 | 225 | ₹0.05 | —% | — | — | — |
| 43K | 0 | — | —% | ₹79.70 | 230 | ₹0.10 | —% | 41K | -26K | 1.5 L |
| 4K | 0 | — | —% | ₹73.80 | 235 | ₹0.15 | —% | — | 0 | 53K |
| 1.4 L | 0 | — | —% | ₹76.00 | 240 | ₹0.15 | —% | 41K | 0 | 4.9 L |
| 22K | 0 | — | —% | ₹64.90 | 245 | ₹0.10 | 78.5% | 55K | 0 | 73K |
| 1.3 L | 0 | 2K | —% | ₹66.55 | 250 | ₹0.15 | 76.5% | 49K | -2K | 4.0 L |
| 59K | 0 | — | —% | ₹46.60 | 255 | ₹0.20 | 74.3% | 6K | 0 | 2.1 L |
| 1.7 L | 0 | — | —% | ₹51.00 | 260 | ₹0.20 | 68.7% | 57K | -16K | 8.2 L |
| 1.3 L | 0 | — | —% | ₹36.85 | 265 | ₹0.25 | 65.2% | 24K | 0 | 2.3 L |
| 6.3 L | 0 | 4K | —% | ₹47.60 | 270 | ₹0.35 | 63.2% | 2.6 L | -1.0 L | 13.1 L |
| 2.8 L | 0 | — | 61.1% | ₹42.20 | 275 | ₹0.50 | 60.0% | 34K | -20K | 4.0 L |
| 9.0 L | -6K | 30K | —% | ₹37.50 | 280 | ₹0.45 | 54.1% | 3.2 L | -1.2 L | 12.0 L |
| 8.3 L | 0 | 20K | —% | ₹30.50 | 285 | ₹0.55 | 49.7% | 2.4 L | +20K | 9.2 L |
| 13.2 L | -2K | 26K | —% | ₹27.60 | 290 | ₹0.80 | 48.2% | 7.3 L | -1.6 L | 12.9 L |
| 8.6 L | +2K | 26K | —% | ₹22.80 | 295 | ₹1.15 | 45.7% | 15.2 L | +8.7 L | 22.3 L |
| 17.8 L | -8K | 1.6 L | 32.4% | ₹18.55 | 300ATM | ₹1.75 | 43.6% | 15.9 L | +26K | 28.1 L |
| 11.4 L | -6K | 1.6 L | 34.3% | ₹14.65 | 305 | ₹2.60 | 42.5% | 12.1 L | +34K | 14.4 L |
| 15.1 L | -1.9 L | 11.8 L | 34.6% | ₹11.10 | 310 | ₹4.00 | 41.8% | 16.1 L | +1.7 L | 17.6 L |
| 11.2 L | -2.0 L | 18.7 L | 34.9% | ₹7.85 | 315 | ₹6.05 | 41.9% | 14.7 L | +1.1 L | 13.4 L |
| 18.1 L | -91K | 42.3 L | 35.6% | ₹5.70 | 320 | ₹8.45 | 41.3% | 11.4 L | +75K | 10.5 L |
| 9.8 L | -2K | 21.4 L | 36.0% | ₹3.80 | 325 | ₹11.65 | 42.4% | 4.0 L | +4K | 4.1 L |
| 11.9 L | -45K | 30.1 L | 36.8% | ₹2.50 | 330 | ₹15.15 | 43.6% | 2.4 L | +28K | 1.9 L |
| 4.7 L | +61K | 7.1 L | 37.8% | ₹1.60 | 335 | ₹38.60 | 153.8% | — | 0 | 51K |
| 17.9 L | +4.9 L | 30.5 L | 38.9% | ₹1.05 | 340 | ₹23.90 | 49.9% | 51K | -22K | 89K |
| 6.7 L | +4.3 L | 18.8 L | 42.3% | ₹0.80 | 345 | ₹28.45 | 52.3% | 16K | -6K | 34K |
| 18.5 L | +1.5 L | 8.5 L | 44.0% | ₹0.55 | 350 | ₹34.35 | 61.2% | 34K | -22K | 2.4 L |
| 73K | -2K | 4K | 45.0% | ₹0.35 | 355 | ₹9.90 | —% | — | — | — |
| 8.0 L | +6K | 2.3 L | 45.9% | ₹0.25 | 360 | ₹43.00 | 63.4% | 8K | -4K | 49K |
| 55K | -20K | 32K | 48.8% | ₹0.20 | 365 | ₹97.00 | 365.9% | — | 0 | 1.2 L |
| 2.1 L | -49K | 1.1 L | 50.4% | ₹0.15 | 370 | ₹59.50 | 123.5% | — | 0 | 38K |
| 14K | 0 | — | 54.7% | ₹0.15 | 375 | ₹— | —% | — | — | — |
| 2.8 L | -16K | 20K | 54.6% | ₹0.10 | 380 | ₹87.80 | —% | — | 0 | 10K |
| 22K | 0 | — | 58.6% | ₹0.10 | 385 | ₹68.00 | 84.2% | 2K | 0 | 2K |
| 47K | 0 | 10K | 61.2% | ₹0.10 | 390 | ₹99.90 | —% | — | 0 | 2K |
| 6K | 0 | — | 60.1% | ₹0.05 | 395 | ₹— | —% | — | — | — |
| 3.9 L | 0 | 8K | 63.0% | ₹0.05 | 400 | ₹82.90 | 104.4% | 2K | 0 | 28K |
| 4K | 0 | — | 66.0% | ₹0.05 | 405 | ₹104.95 | —% | — | 0 | 6K |
| 1.5 L | 0 | 2K | 73.5% | ₹0.10 | 410 | ₹86.30 | —% | — | 0 | 8K |
| 18K | 0 | — | 71.8% | ₹0.05 | 415 | ₹83.15 | —% | — | 0 | 22K |
| — | — | — | —% | ₹4.70 | 420 | ₹121.50 | —% | — | +6K | 6K |
| — | — | — | —% | ₹3.60 | 430 | ₹79.45 | —% | — | — | — |
| 89K | 0 | — | —% | ₹0.05 | 440 | ₹124.00 | —% | — | 0 | 2K |
| — | — | — | 7.7% | ₹— | 450 | ₹— | —% | — | — | — |
| — | — | — | 8.2% | ₹— | 460 | ₹— | —% | — | — | — |
| — | — | — | 8.7% | ₹— | 470 | ₹— | —% | — | — | — |
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 forms at ₹340, reinforced by the highest call OI accumulation. Strong support emerges at ₹295, backed by massive put OI buildup. The implied range brackets price action between ₹295 and ₹340, with ₹317.25 spot near the lower half.
OI Buildup Activity
Fresh longs dominate the 340 and 345 calls, signaling aggressive call writing or bullish positioning ahead of potential upside. The 350 strike also sees notable CE OI addition, suggesting writers are stacking resistance beyond 345. On the put side, heavy OI addition at 295 highlights strong long-put positioning, with traders possibly defending downside or building put spreads.
Volatility Read
ATM volatility holds at 35.19%, reflecting elevated but stable premium levels. Neutral skew indicates balanced fear/greed, with no strong bias in put/call pressure.
Strategy Implication
Bias leans slightly range-bound with directional buildup favoring long strangles or ratio spreads between 295 and 340.
Related Analysis
Frequently Asked Questions
What is the highest call OI strike for Bharat Petroleum Corporation Limited today?▾
The strike with highest call (CE) open interest for Bharat Petroleum Corporation Limited is ₹350 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 Petroleum Corporation Limited today?▾
The strike with highest put (PE) open interest for Bharat Petroleum Corporation Limited is ₹300 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 Petroleum Corporation Limited options mean?▾
Open Interest (OI) buildup in Bharat Petroleum Corporation 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 Petroleum Corporation Limited options expire?▾
Bharat Petroleum Corporation 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 Petroleum Corporation Limited option chain?▾
The Bharat Petroleum Corporation 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.