Cipla Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 1,100 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 1,120 | ₹— | —% | — | +3K | 3K |
| 0 | 0 | — | —% | ₹— | 1,140 | ₹— | —% | — | 0 | 850 |
| 0 | 0 | — | —% | ₹— | 1,160 | ₹— | —% | — | 0 | 425 |
| 0 | 0 | — | —% | ₹— | 1,180 | ₹— | —% | — | -5K | 19K |
| 0 | 0 | — | —% | ₹— | 1,190 | ₹— | —% | — | +6K | 18K |
| 9K | -3K | — | —% | ₹— | 1,200 | ₹— | —% | — | -75K | 1.0 L |
| 0 | 0 | — | —% | ₹— | 1,210 | ₹— | —% | — | +3K | 26K |
| 0 | 0 | — | —% | ₹— | 1,220 | ₹— | —% | — | -1K | 55K |
| 0 | 0 | — | —% | ₹— | 1,230 | ₹— | —% | — | +2.4 L | 2.7 L |
| 0 | 0 | — | —% | ₹— | 1,240 | ₹— | —% | — | +18K | 39K |
| 0 | 0 | — | —% | ₹— | 1,250 | ₹— | —% | — | +50K | 2.4 L |
| 0 | 0 | — | —% | ₹— | 1,260 | ₹— | —% | — | +43K | 1.0 L |
| 15K | 0 | — | —% | ₹— | 1,270 | ₹— | —% | — | -4K | 33K |
| 9K | +425 | — | —% | ₹— | 1,280 | ₹— | —% | — | +850 | 3.7 L |
| 12K | 0 | — | —% | ₹— | 1,290 | ₹— | —% | — | -9K | 31K |
| 1.2 L | +9K | — | —% | ₹— | 1,300 | ₹— | —% | — | +18K | 6.8 L |
| 4K | +2K | — | —% | ₹— | 1,310 | ₹— | —% | — | +16K | 58K |
| 46K | +850 | — | —% | ₹— | 1,320 | ₹— | —% | — | +22K | 1.9 L |
| 45K | -3K | — | —% | ₹— | 1,330 | ₹— | —% | — | +425 | 1.3 L |
| 1.1 L | -8K | — | —% | ₹— | 1,340 | ₹— | —% | — | +48K | 1.8 L |
| 2.3 L | +17K | — | —% | ₹— | 1,350 | ₹— | —% | — | +26K | 2.5 L |
| 1.7 L | -34K | — | —% | ₹— | 1,360 | ₹— | —% | — | +39K | 1.4 L |
| 2.1 L | +1.3 L | — | —% | ₹— | 1,370 | ₹— | —% | — | +1.1 L | 1.8 L |
| 81K | -26K | — | —% | ₹— | 1,380 | ₹— | —% | — | +14K | 62K |
| 63K | +6K | — | —% | ₹— | 1,390 | ₹— | —% | — | +5K | 21K |
| 8.2 L | -1.1 L | — | —% | ₹— | 1,400ATM | ₹— | —% | — | +3K | 83K |
| 65K | +16K | — | —% | ₹— | 1,410 | ₹— | —% | — | 0 | 12K |
| 1.3 L | -11K | — | —% | ₹— | 1,420 | ₹— | —% | — | 0 | 14K |
| 67K | +9K | — | —% | ₹— | 1,430 | ₹— | —% | — | -2K | 20K |
| 66K | +6K | — | —% | ₹— | 1,440 | ₹— | —% | — | 0 | 34K |
| 1.5 L | +7K | — | —% | ₹— | 1,450 | ₹— | —% | — | 0 | 11K |
| 65K | +7K | — | —% | ₹— | 1,460 | ₹— | —% | — | 0 | 6K |
| 30K | +2K | — | —% | ₹— | 1,470 | ₹— | —% | — | 0 | 9K |
| 3.1 L | +2.6 L | — | —% | ₹— | 1,480 | ₹— | —% | — | 0 | 24K |
| 2.4 L | -51K | — | —% | ₹— | 1,500 | ₹— | —% | — | 0 | 65K |
| 36K | -10K | — | —% | ₹— | 1,520 | ₹— | —% | — | 0 | 56K |
| 28K | -11K | — | —% | ₹— | 1,540 | ₹— | —% | — | 0 | 425 |
| 0 | 0 | — | —% | ₹— | 1,560 | ₹— | —% | — | 0 | 0 |
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 is heavily clustered around the 1,000‑strike call and the same strike put, indicating a clear resistance‑support zone centered near ₹1,000. Combined with the at‑the‑money implied volatility of 19.32%, the market is pricing an expected price corridor roughly between ₹1,250 and ₹1,450 for the November expiry. The spot price of ₹1,365.6 sits comfortably inside this band, reinforcing the relevance of the identified strike cluster.
OI Buildup Activity
New call open interest adds of 2,64,350 contracts at the 1,480 strike and 1,31,325 contracts at 1,370 show aggressive positioning by option writers near the upper end of the range. On the put side, fresh open interest of 2,41,400 contracts at 1,230 and 1,10,075 contracts at 1,370 signal defensive builds that anchor the lower boundary of the implied range. A modest addition of 50,150 put contracts at 1,250 and 17,425 call contracts at 1,350 further densify the mid‑range OI, suggesting that market participants are reinforcing both sides of the price spectrum.
Volatility Read
The at‑the‑money implied volatility stands at 19.32%, a level that reflects moderate market uncertainty ahead of the November expiry. Implied volatility skew is neutral, indicating no pronounced bias toward either call or put pricing across the examined strikes.
Key OI Levels
The highest open interest concentrations reside at the 1,000 strike for both calls and puts, each holding 1,000 contracts and acting as the focal point for market flow.