Blue Star Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 1,200 | ₹— | —% | — | +9K | 10K |
| 0 | 0 | — | —% | ₹— | 1,240 | ₹— | —% | — | +10K | 10K |
| 0 | 0 | — | —% | ₹— | 1,280 | ₹— | —% | — | +3K | 3K |
| 3K | +3K | — | —% | ₹— | 1,320 | ₹— | —% | — | +2K | 3K |
| 0 | 0 | — | —% | ₹— | 1,340 | ₹— | —% | — | 0 | 0 |
| 2K | +2K | — | —% | ₹— | 1,360 | ₹— | —% | — | +2K | 80K |
| 3K | +3K | — | —% | ₹— | 1,380 | ₹— | —% | — | -4K | 13K |
| 4K | +650 | — | —% | ₹— | 1,400 | ₹— | —% | — | -20K | 53K |
| 975 | +975 | — | —% | ₹— | 1,420 | ₹— | —% | — | +2K | 2K |
| 2K | +2K | — | —% | ₹— | 1,440 | ₹— | —% | — | +2K | 4K |
| 3K | 0 | — | —% | ₹— | 1,460 | ₹— | —% | — | +3K | 25K |
| 2K | +1K | — | —% | ₹— | 1,480 | ₹— | —% | — | +6K | 10K |
| 72K | -3K | — | —% | ₹— | 1,500ATM | ₹— | —% | — | +8K | 1.1 L |
| 6K | +650 | — | —% | ₹— | 1,520 | ₹— | —% | — | +4K | 10K |
| 13K | +325 | — | —% | ₹— | 1,540 | ₹— | —% | — | +17K | 33K |
| 20K | +11K | — | —% | ₹— | 1,560 | ₹— | —% | — | +2K | 9K |
| 16K | +6K | — | —% | ₹— | 1,580 | ₹— | —% | — | +17K | 22K |
| 1.2 L | +11K | — | —% | ₹— | 1,600 | ₹— | —% | — | +45K | 49K |
| 38K | +34K | — | —% | ₹— | 1,620 | ₹— | —% | — | +1K | 2K |
| 12K | +12K | — | —% | ₹— | 1,640 | ₹— | —% | — | +2K | 3K |
| 13K | +2K | — | —% | ₹— | 1,660 | ₹— | —% | — | +2K | 2K |
| 22K | +6K | — | —% | ₹— | 1,680 | ₹— | —% | — | 0 | 3K |
| 58K | +16K | — | —% | ₹— | 1,700 | ₹— | —% | — | +325 | 2K |
| 7K | +4K | — | —% | ₹— | 1,720 | ₹— | —% | — | 0 | 0 |
| 7K | +6K | — | —% | ₹— | 1,740 | ₹— | —% | — | 0 | 0 |
| 13K | +4K | — | —% | ₹— | 1,760 | ₹— | —% | — | 0 | 5K |
| 0 | 0 | — | —% | ₹— | 1,780 | ₹— | —% | — | 0 | 0 |
| 29K | +20K | — | —% | ₹— | 1,800 | ₹— | —% | — | 0 | 1K |
| 0 | 0 | — | —% | ₹— | 1,820 | ₹— | —% | — | 0 | 0 |
| 12K | +12K | — | —% | ₹— | 1,840 | ₹— | —% | — | 0 | 325 |
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 1620 call option accumulates 34,125 contracts, indicating a strong resistance focus near the ₹1,620 strike as market makers recalibrate risk.
Conversely, the 1600 put option shows an addition of 44,525 contracts, forming a deep support pillar at the ₹1,600 strike to anchor downside protection.
Combined, these concentrations bracket an implied price corridor roughly between ₹1,580 and ₹1,680, reinforcing analyst forecasts for stability and aligning with the atm implied volatility range.
OI Buildup Activity
Fresh open interest adds are evident at 1800 calls (+19,825) and 1700 calls (+15,600), reflecting a buildup of new writers at higher strikes and suggesting cautious optimism at strikes.
On the put side, 1540 strikes absorb 17,225 contracts while 1580 strikes take in 16,575 contracts, indicating incremental protective positioning and cushioning portfolios against adverse market swings.
Overall, the open interest landscape suggests market participants are reinforcing existing resistance and support zones rather than initiating directional bets, underscoring a pronounced preference for range‑bound trading.
Volatility Read
The at‑the‑money implied volatility stands at 34.37%, denoting moderate price uncertainty for the upcoming expiry and aligning with historical volatilities for this sector.
Skew remains neutral, implying balanced call and put pricing without pronounced bias toward upside or downside moves, hence option premiums reflect a market in equilibrium.
Key OI Levels
The highest call open interest resides at 1620 with 1000 contracts, while the peak put open interest sits at 1600 with 1000 contracts, both concentrations reinforce the current market consensus on price boundaries.