Britannia Industries Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 4,300 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 4,400 | ₹— | —% | — | 0 | 0 |
| 125 | +125 | — | —% | ₹— | 4,500 | ₹— | —% | — | +1K | 4K |
| 625 | 0 | — | —% | ₹— | 4,600 | ₹— | —% | — | -125 | 4K |
| 0 | 0 | — | —% | ₹— | 4,650 | ₹— | —% | — | 0 | 0 |
| 125 | 0 | — | —% | ₹— | 4,700 | ₹— | —% | — | 0 | 625 |
| 0 | 0 | — | —% | ₹— | 4,750 | ₹— | —% | — | 0 | 0 |
| 375 | 0 | — | —% | ₹— | 4,800 | ₹— | —% | — | +750 | 42K |
| 0 | 0 | — | —% | ₹— | 4,850 | ₹— | —% | — | 0 | 20K |
| 0 | 0 | — | —% | ₹— | 4,900 | ₹— | —% | — | +14K | 1.5 L |
| 0 | 0 | — | —% | ₹— | 4,950 | ₹— | —% | — | +3K | 18K |
| 5K | -125 | — | —% | ₹— | 5,000 | ₹— | —% | — | +6K | 1.4 L |
| 2K | -125 | — | —% | ₹— | 5,050 | ₹— | —% | — | +625 | 10K |
| 37K | +8K | — | —% | ₹— | 5,100 | ₹— | —% | — | -2K | 1.0 L |
| 16K | +4K | — | —% | ₹— | 5,150 | ₹— | —% | — | +500 | 28K |
| 46K | +6K | — | —% | ₹— | 5,200 | ₹— | —% | — | +4K | 59K |
| 35K | -500 | — | —% | ₹— | 5,250 | ₹— | —% | — | 0 | 21K |
| 1.1 L | +10K | — | —% | ₹— | 5,300 | ₹— | —% | — | +5K | 82K |
| 41K | +2K | — | —% | ₹— | 5,350 | ₹— | —% | — | 0 | 19K |
| 2.1 L | +13K | — | —% | ₹— | 5,400 | ₹— | —% | — | 0 | 54K |
| 38K | +375 | — | —% | ₹— | 5,450 | ₹— | —% | — | 0 | 1K |
| 2.1 L | +18K | — | —% | ₹— | 5,500ATM | ₹— | —% | — | -250 | 72K |
| 44K | 0 | — | —% | ₹— | 5,550 | ₹— | —% | — | 0 | 1K |
| 73K | -4K | — | —% | ₹— | 5,600 | ₹— | —% | — | 0 | 11K |
| 9K | -250 | — | —% | ₹— | 5,650 | ₹— | —% | — | 0 | 0 |
| 47K | -625 | — | —% | ₹— | 5,700 | ₹— | —% | — | -4K | 8K |
| 0 | 0 | — | —% | ₹— | 5,750 | ₹— | —% | — | 0 | 0 |
| 1.8 L | -625 | — | —% | ₹— | 5,800 | ₹— | —% | — | 0 | 1K |
| 375 | 0 | — | —% | ₹— | 5,850 | ₹— | —% | — | 0 | 375 |
| 9K | -2K | — | —% | ₹— | 5,900 | ₹— | —% | — | 0 | 875 |
| — | — | — | —% | ₹— | 5,950 | ₹— | —% | — | 0 | 250 |
| 16K | -250 | — | —% | ₹— | 6,000 | ₹— | —% | — | 0 | 875 |
| 2K | 0 | — | —% | ₹— | 6,050 | ₹— | —% | — | 0 | 250 |
| 3K | 0 | — | —% | ₹— | 6,100 | ₹— | —% | — | 0 | 375 |
| 1K | 0 | — | —% | ₹— | 6,200 | ₹— | —% | — | 0 | 500 |
| 1K | 0 | — | —% | ₹— | 6,300 | ₹— | —% | — | — | — |
| — | — | — | —% | ₹— | 6,400 | ₹— | —% | — | 0 | 500 |
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) landscape clusters tightly around the 5,400‑5,500 ₹ call zone and the 4,900‑5,000 ₹ put zone, delineating a probable trading range for the underlying. With the spot perched at 5,101.5 ₹, the 5,400 ₹ call strike (OI +13,250) and the 5,000 ₹ put strike (OI +5,750) act as the primary resistance and support pillars, respectively. The distance between the highest call OI (5,400 ₹) and the highest put OI (4,900 ₹) suggests a bandwidth of roughly ₹500, aligning with the current implied volatility envelope.
OI Buildup Activity
During the latest reporting window, fresh OI inflows accentuate the 5,500 ₹ call (added +17,875) and the 4,900 ₹ put (added +14,000), indicating aggressive positioning by option writers at the outer edges of the band. The incremental OI at 5,300 ₹ calls (+9,500) and 5,300 ₹ puts (+5,250) reflects a balanced interest from both sides, hinting at a hedging bias rather than directional conviction. Overall, the accumulation of OI across these strikes points to a market expectation of range‑bound movement rather than a breakout.
Volatility Read
The at‑the‑money implied volatility stands at 17.43 %, a level that mirrors moderate price uncertainty for the forthcoming expiry. The volatility skew is bearish, with lower IV recorded for out‑of‑the‑money calls relative to puts, suggesting market participants price downside risk more heavily.
Key OI Levels
The largest open‑interest concentrations sit at the 5,400 ₹ call strike (2700 contracts) and the 4,900 ₹ put strike (2700 contracts).