Bharat Petroleum Corporation Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.1 L | 0 | — | —% | ₹— | 260 | ₹— | —% | — | 0 | 81K |
| 20K | 0 | — | —% | ₹— | 270 | ₹— | —% | — | 0 | 30K |
| 24K | 0 | — | —% | ₹— | 280 | ₹— | —% | — | -20K | 3.1 L |
| 16K | 0 | — | —% | ₹— | 285 | ₹— | —% | — | 0 | 20K |
| 69K | 0 | — | —% | ₹— | 290 | ₹— | —% | — | +34K | 8.5 L |
| 30K | 0 | — | —% | ₹— | 295 | ₹— | —% | — | +2K | 2.8 L |
| 7.8 L | -8K | — | —% | ₹— | 300 | ₹— | —% | — | +91K | 12.3 L |
| 1.8 L | 0 | — | —% | ₹— | 305 | ₹— | —% | — | -24K | 3.7 L |
| 4.2 L | -2K | — | —% | ₹— | 310 | ₹— | —% | — | -1.1 L | 11.0 L |
| 7.2 L | -18K | — | —% | ₹— | 315 | ₹— | —% | — | +40K | 18.5 L |
| 23.8 L | -61K | — | —% | ₹— | 320ATM | ₹— | —% | — | -45K | 15.6 L |
| 6.8 L | -89K | — | —% | ₹— | 325 | ₹— | —% | — | +75K | 3.5 L |
| 13.7 L | +1.8 L | — | —% | ₹— | 330 | ₹— | —% | — | -14K | 3.5 L |
| 4.1 L | -4K | — | —% | ₹— | 335 | ₹— | —% | — | 0 | 22K |
| 9.1 L | +2.0 L | — | —% | ₹— | 340 | ₹— | —% | — | +18K | 1.8 L |
| 1.4 L | +2K | — | —% | ₹— | 345 | ₹— | —% | — | 0 | 6K |
| 7.9 L | +28K | — | —% | ₹— | 350 | ₹— | —% | — | 0 | 1.8 L |
| 41K | 0 | — | —% | ₹— | 355 | ₹— | —% | — | 0 | 12K |
| 2.0 L | -2K | — | —% | ₹— | 360 | ₹— | —% | — | 0 | 53K |
| 2.8 L | +14K | — | —% | ₹— | 370 | ₹— | —% | — | 0 | 43K |
| 28K | +8K | — | —% | ₹— | 380 | ₹— | —% | — | — | — |
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) piles up sharply at the ₹170 CE and ₹170 PE strikes, forming a clear resistance‑support band around the current spot of ₹315.7. The bulk of the call OI sits at ₹340, ₹330 and ₹350, while the put side concentrates at ₹300, ₹325 and ₹315, outlining an implied price corridor of roughly ₹315‑₹340 for the September expiry. This symmetric distribution suggests that market participants expect the underlying to trade within this range as expiration approaches.
OI Buildup Activity
During the latest reporting window, fresh call OI adds of 2,03,425 contracts at ₹340, 1,65,900 at ₹330 and a modest 27,650 at ₹350 indicate aggressive positioning by writers seeking premium capture near the upper edge of the range. On the put side, sizable inflows of 92,825 contracts at ₹300, 75,050 at ₹325 and 39,500 at ₹315 reflect defensive hedging and speculative support building below the spot level. The overall OI expansion is balanced, with both sides adding material contracts without a pronounced tilt toward either direction.
Volatility Read
The at‑the‑money implied volatility stands at 24.22 %, consistent with a moderate risk environment for the September series. The volatility skew is neutral, implying that market pricing for out‑of‑the‑money calls and puts is evenly balanced.
Key OI Levels
The highest open‑interest concentrations are observed at the ₹170 CE strike for calls and the ₹170 PE strike for puts.