Biocon Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 160 | ₹— | 17.9% | — | — | — |
| — | — | — | —% | ₹— | 170 | ₹— | 16.5% | — | — | — |
| — | — | — | —% | ₹— | 180 | ₹— | 15.3% | — | — | — |
| — | — | — | —% | ₹— | 190 | ₹— | 14.1% | — | — | — |
| — | — | — | —% | ₹— | 200 | ₹— | 12.9% | — | — | — |
| — | — | — | —% | ₹— | 210 | ₹— | 11.9% | — | — | — |
| — | — | — | —% | ₹— | 220 | ₹— | 10.8% | — | — | — |
| — | — | — | —% | ₹— | 225 | ₹— | 10.3% | — | — | — |
| — | — | — | —% | ₹— | 230 | ₹— | 9.9% | — | — | — |
| — | — | — | —% | ₹— | 235 | ₹— | 9.4% | — | — | — |
| — | — | — | —% | ₹— | 240 | ₹— | 8.9% | — | — | — |
| — | — | — | —% | ₹— | 245 | ₹— | 8.5% | — | — | — |
| — | — | — | —% | ₹— | 250 | ₹— | 8.0% | — | — | — |
| — | — | — | —% | ₹— | 255 | ₹— | 7.6% | — | — | — |
| — | — | — | —% | ₹— | 260 | ₹— | 7.2% | — | — | — |
| — | — | — | —% | ₹— | 265 | ₹— | 6.7% | — | — | — |
| — | — | — | —% | ₹— | 270 | ₹— | 6.3% | — | — | — |
| — | — | — | —% | ₹— | 275 | ₹— | 5.9% | — | — | — |
| — | — | — | —% | ₹91.20 | 280 | ₹0.15 | 77.7% | — | 0 | 8K |
| — | — | — | —% | ₹— | 285 | ₹— | 5.1% | — | — | — |
| 65K | 0 | — | —% | ₹65.55 | 290 | ₹0.10 | 64.5% | — | 0 | 1.7 L |
| — | — | — | —% | ₹99.60 | 295 | ₹0.20 | 66.0% | — | 0 | 70K |
| 1.1 L | 0 | — | —% | ₹58.35 | 300 | ₹0.15 | 61.8% | 18K | +5K | 3.6 L |
| 65K | 0 | — | —% | ₹43.00 | 305 | ₹0.50 | 65.7% | — | 0 | 3K |
| 1.1 L | 0 | — | 36.9% | ₹49.70 | 310 | ₹0.20 | 54.7% | 90K | +20K | 3.5 L |
| 80K | 0 | 5K | —% | ₹47.20 | 315 | ₹0.30 | 50.0% | — | 0 | 60K |
| 1.8 L | 0 | — | 51.4% | ₹40.30 | 320 | ₹0.25 | 47.6% | 3.4 L | +70K | 5.7 L |
| 63K | 0 | — | 56.5% | ₹36.10 | 325 | ₹0.35 | 44.4% | 13K | 0 | 3.0 L |
| 1.4 L | -3K | 15K | —% | ₹32.50 | 330 | ₹0.45 | 41.7% | 5.3 L | -2.1 L | 7.0 L |
| 1.6 L | 0 | — | 28.0% | ₹24.95 | 335 | ₹0.60 | 38.8% | 3.7 L | -1.0 L | 6.8 L |
| 5.3 L | -13K | 58K | —% | ₹23.00 | 340 | ₹0.85 | 35.6% | 4.8 L | -58K | 26.9 L |
| 6.3 L | -15K | 60K | 21.7% | ₹18.60 | 345 | ₹1.30 | 34.0% | 4.3 L | -50K | 11.2 L |
| 16.0 L | -2.2 L | 7.5 L | 25.9% | ₹13.55 | 350ATM | ₹2.10 | 32.3% | 12.1 L | +40K | 21.7 L |
| 8.1 L | +13K | 3.3 L | 24.8% | ₹10.05 | 355 | ₹3.35 | 32.2% | 9.0 L | +85K | 6.2 L |
| 19.7 L | -2.9 L | 30.9 L | 26.8% | ₹6.95 | 360 | ₹5.10 | 31.8% | 9.4 L | -55K | 12.6 L |
| 11.8 L | +1.2 L | 20.0 L | 26.8% | ₹4.45 | 365 | ₹7.65 | 32.4% | 3.6 L | +18K | 3.6 L |
| 28.9 L | 0 | 25.9 L | 27.5% | ₹2.85 | 370 | ₹11.00 | 34.4% | 1.8 L | -23K | 4.8 L |
| 10.8 L | -18K | 10.7 L | 27.7% | ₹1.60 | 375 | ₹14.35 | 31.5% | 25K | -8K | 3.6 L |
| 23.0 L | -48K | 19.6 L | 29.4% | ₹1.00 | 380 | ₹19.50 | 39.2% | 70K | -15K | 3.8 L |
| 8.5 L | -13K | 1.9 L | 29.6% | ₹0.55 | 385 | ₹27.75 | 50.9% | — | 0 | 1.9 L |
| 10.1 L | -55K | 1.9 L | 31.6% | ₹0.35 | 390 | ₹32.50 | 55.0% | — | 0 | 1.8 L |
| 2.9 L | -30K | 1.3 L | 32.9% | ₹0.25 | 395 | ₹35.50 | 38.0% | — | 0 | 60K |
| 19.7 L | -1.0 L | 4.7 L | 34.0% | ₹0.15 | 400 | ₹38.05 | 53.5% | 10K | -8K | 2.3 L |
| 2.1 L | 0 | 3K | 36.8% | ₹0.15 | 405 | ₹43.50 | 58.2% | 3K | 0 | 30K |
| 8.1 L | -1.4 L | 3.1 L | 38.9% | ₹0.10 | 410 | ₹47.50 | 62.4% | 3K | 0 | 55K |
| 1.3 L | 0 | — | 44.0% | ₹0.10 | 415 | ₹22.70 | —% | — | 0 | 3K |
| 8.8 L | -1.3 L | 3.1 L | 41.6% | ₹0.05 | 420 | ₹57.50 | —% | — | 0 | 75K |
| 33K | -85K | 88K | 43.5% | ₹0.05 | 425 | ₹55.40 | —% | — | 0 | 20K |
| 1.1 L | -30K | 35K | 46.4% | ₹0.05 | 430 | ₹66.75 | 79.8% | 8K | 0 | 3.1 L |
| 85K | 0 | 28K | 50.4% | ₹0.05 | 435 | ₹88.85 | —% | — | 0 | 30K |
| 1.1 L | 0 | 3K | 51.9% | ₹0.05 | 440 | ₹76.35 | 85.9% | 8K | 0 | 1.6 L |
| — | — | — | 4.7% | ₹— | 445 | ₹— | —% | — | — | — |
| — | — | — | —% | ₹5.70 | 450 | ₹103.00 | —% | — | 0 | 3K |
| — | — | — | 5.2% | ₹— | 455 | ₹— | —% | — | — | — |
| 75K | 0 | — | 65.1% | ₹0.05 | 460 | ₹87.00 | —% | — | 0 | 3K |
| — | — | — | 5.7% | ₹— | 465 | ₹— | —% | — | — | — |
| — | — | — | 5.9% | ₹— | 470 | ₹— | —% | — | — | — |
| — | — | — | 6.1% | ₹— | 475 | ₹— | —% | — | — | — |
| — | — | — | 6.3% | ₹— | 480 | ₹— | —% | — | — | — |
| — | — | — | 6.6% | ₹— | 485 | ₹— | —% | — | — | — |
| — | — | — | 6.8% | ₹— | 490 | ₹— | —% | — | — | — |
| — | — | — | 7.3% | ₹— | 500 | ₹— | —% | — | — | — |
| — | — | — | 7.7% | ₹— | 510 | ₹— | —% | — | — | — |
| — | — | — | 8.1% | ₹— | 520 | ₹— | —% | — | — | — |
| — | — | — | 8.5% | ₹— | 530 | ₹— | —% | — | — | — |
| — | — | — | 9.0% | ₹— | 540 | ₹— | —% | — | — | — |
| — | — | — | 9.4% | ₹— | 550 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
Key Strike Levels
Immediate resistance stands at ₹365, where highest call OI resides, with secondary barrier at ₹360. Major support hinges at ₹355, reinforced by significant put OI buildup, while ₹320 acts as deep downside cushion. The implied range consolidates between ₹355 and ₹365, reflecting tight directional consensus.
OI Buildup Activity
Fresh long calls emerge at ₹365 with a massive +1.22 lakh OI addition, signaling aggressive call writing near-term resistance. Put writers are active at ₹355 and ₹350, absorbing downside bets, while substantial fresh long puts enter at ₹355 (+82,500) and ₹320 (+70,000), indicating hedging or bearish positioning. The asymmetric OI build—strong put adds below spot versus concentrated call writing above—suggests limited upside appetite.
Volatility Read
ATM IV at 26.48% sits elevated, reflecting premium expansion amid uncertainty. Bearish skew confirms put demand dominance, pricing in greater downside risk over call-side breakout potential.
Strategy Implication
Bias leans bearish-to-neutral with premium sellers favoring call writing at ₹365 and put hedge accumulation below ₹355 guiding structural tone.