Cipla Limited Option Chain Analysis
2026-04-282026-05-26
Total CE OI
44.7 L
Total PE OI
38.5 L
PCR
0.86
Neutral
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 600 | ₹— | 15.9% | — | — | — |
| — | — | — | —% | ₹— | 620 | ₹— | 15.1% | — | — | — |
| — | — | — | —% | ₹— | 640 | ₹— | 14.4% | — | — | — |
| — | — | — | —% | ₹— | 660 | ₹— | 13.8% | — | — | — |
| — | — | — | —% | ₹— | 680 | ₹— | 13.1% | — | — | — |
| — | — | — | —% | ₹— | 700 | ₹— | 12.5% | — | — | — |
| — | — | — | —% | ₹— | 720 | ₹— | 11.8% | — | — | — |
| — | — | — | —% | ₹— | 740 | ₹— | 11.2% | — | — | — |
| — | — | — | —% | ₹— | 760 | ₹— | 10.7% | — | — | — |
| — | — | — | —% | ₹— | 780 | ₹— | 10.1% | — | — | — |
| — | — | — | —% | ₹— | 800 | ₹— | 9.5% | — | — | — |
| — | — | — | —% | ₹— | 820 | ₹— | 9.0% | — | — | — |
| — | — | — | —% | ₹— | 830 | ₹— | 8.7% | — | — | — |
| — | — | — | —% | ₹— | 840 | ₹— | 8.4% | — | — | — |
| — | — | — | —% | ₹— | 850 | ₹— | 8.2% | — | — | — |
| — | — | — | —% | ₹— | 860 | ₹— | 7.9% | — | — | — |
| — | — | — | —% | ₹— | 870 | ₹— | 7.7% | — | — | — |
| — | — | — | —% | ₹— | 880 | ₹— | 7.4% | — | — | — |
| — | — | — | —% | ₹— | 890 | ₹— | 7.2% | — | — | — |
| — | — | — | —% | ₹— | 900 | ₹— | 6.9% | — | — | — |
| — | — | — | —% | ₹— | 910 | ₹— | 6.7% | — | — | — |
| — | — | — | —% | ₹— | 920 | ₹— | 6.4% | — | — | — |
| — | — | — | —% | ₹— | 930 | ₹— | 6.2% | — | — | — |
| — | — | — | —% | ₹— | 940 | ₹— | 6.0% | — | — | — |
| — | — | — | —% | ₹— | 950 | ₹— | 5.7% | — | — | — |
| — | — | — | —% | ₹— | 960 | ₹— | 5.5% | — | — | — |
| — | — | — | —% | ₹— | 970 | ₹— | 5.3% | — | — | — |
| — | — | — | —% | ₹— | 980 | ₹— | 5.0% | — | — | — |
| — | — | — | —% | ₹— | 990 | ₹— | 4.8% | — | — | — |
| — | — | — | —% | ₹329.00 | 1,000 | ₹0.05 | 51.8% | 4K | -2K | 1.0 L |
| — | — | — | —% | ₹— | 1,010 | ₹— | 4.4% | — | — | — |
| — | — | — | —% | ₹309.65 | 1,020 | ₹1.05 | 67.5% | — | — | — |
| — | — | — | —% | ₹— | 1,030 | ₹— | 4.0% | — | — | — |
| — | — | — | —% | ₹290.50 | 1,040 | ₹1.55 | 65.9% | — | — | — |
| — | — | — | —% | ₹— | 1,050 | ₹— | 3.5% | — | — | — |
| — | — | — | 265.3% | ₹271.55 | 1,060 | ₹0.15 | 43.4% | 16K | -375 | 2.3 L |
| — | — | — | 271.6% | ₹269.60 | 1,070 | ₹0.70 | 49.3% | — | — | — |
| — | — | — | 253.3% | ₹252.85 | 1,080 | ₹0.20 | 39.8% | 19K | -2K | 2.6 L |
| — | — | — | 258.3% | ₹250.25 | 1,090 | ₹1.10 | 47.3% | — | — | — |
| 15K | +375 | 2K | 33.9% | ₹134.90 | 1,100 | ₹0.30 | 37.0% | 44K | -4K | 3.0 L |
| — | — | — | 245.3% | ₹231.15 | 1,110 | ₹1.40 | 43.3% | — | 0 | 33K |
| 11K | 0 | — | —% | ₹110.00 | 1,120 | ₹0.65 | 36.0% | 23K | -15K | 17K |
| — | — | — | 232.7% | ₹212.30 | 1,130 | ₹0.85 | 34.6% | 3K | -2K | 1.3 L |
| — | — | — | 220.4% | ₹199.00 | 1,140 | ₹1.00 | 33.0% | 375 | 0 | 52K |
| 52K | 0 | — | —% | ₹81.25 | 1,150 | ₹1.05 | 30.3% | 21K | 0 | 1.0 L |
| 17K | 0 | — | —% | ₹71.30 | 1,160 | ₹1.70 | 29.9% | 4K | 0 | 5.2 L |
| 15K | 0 | — | 43.9% | ₹67.80 | 1,170 | ₹2.10 | 27.9% | 5K | -3K | 1.5 L |
| 33K | 0 | 3K | 27.7% | ₹56.65 | 1,180 | ₹2.50 | 26.2% | 63K | +21K | 1.5 L |
| 72K | -375 | 2K | 27.4% | ₹47.60 | 1,190 | ₹3.50 | 25.2% | 16K | +375 | 71K |
| 1.6 L | -2K | 39K | 23.8% | ₹38.00 | 1,200 | ₹4.85 | 24.2% | 56K | -4K | 2.6 L |
| 71K | -4K | 12K | 24.1% | ₹31.65 | 1,210 | ₹7.05 | 23.2% | 1.2 L | +11K | 1.3 L |
| 3.0 L | -750 | 81K | 23.1% | ₹23.45 | 1,220 | ₹9.80 | 22.5% | 1.4 L | -7K | 2.9 L |
| 2.3 L | +39K | 2.6 L | 22.5% | ₹17.20 | 1,230 | ₹13.75 | 21.9% | 3.0 L | +36K | 2.4 L |
| 7.0 L | -9K | 6.4 L | 22.3% | ₹12.20 | 1,240ATM | ₹18.65 | 21.6% | 68K | -11K | 2.8 L |
| 3.5 L | +24K | 3.7 L | 22.3% | ₹8.55 | 1,250 | ₹24.20 | 21.4% | 34K | +4K | 90K |
| 3.6 L | +750 | 1.3 L | 22.0% | ₹5.60 | 1,260 | ₹31.75 | 21.4% | 5K | +750 | 45K |
| 62K | +4K | 33K | 22.3% | ₹3.90 | 1,270 | ₹40.55 | 21.4% | 5K | +1K | 35K |
| 3.3 L | +3K | 95K | 22.6% | ₹2.60 | 1,280 | ₹49.05 | 23.8% | 4K | -375 | 24K |
| 65K | -4K | 12K | 23.2% | ₹1.65 | 1,290 | ₹59.90 | 24.7% | — | 0 | 2K |
| 6.2 L | -20K | 1.7 L | 24.2% | ₹1.15 | 1,300 | ₹64.70 | 24.2% | 2K | -375 | 77K |
| 1.0 L | +3K | 14K | 24.1% | ₹0.65 | 1,310 | ₹77.20 | 32.5% | 750 | 0 | 2K |
| 1.1 L | -375 | 23K | 25.3% | ₹0.50 | 1,320 | ₹92.00 | 40.4% | — | 0 | 375 |
| 57K | -375 | 1K | 25.7% | ₹0.35 | 1,330 | ₹104.20 | 49.3% | — | 0 | 10K |
| 1.0 L | -27K | 95K | 26.9% | ₹0.25 | 1,340 | ₹114.00 | 52.1% | — | 0 | 10K |
| 2.2 L | 0 | 20K | 28.0% | ₹0.20 | 1,350 | ₹109.00 | —% | — | 0 | 9K |
| 38K | -6K | 14K | 28.7% | ₹0.15 | 1,360 | ₹140.40 | 73.4% | — | 0 | 2K |
| 49K | -750 | 5K | 29.2% | ₹0.10 | 1,370 | ₹128.00 | —% | — | 0 | 4K |
| 9K | 0 | — | 38.2% | ₹0.50 | 1,380 | ₹164.50 | 88.6% | — | 0 | 2K |
| 3K | 0 | — | 70.6% | ₹7.55 | 1,390 | ₹83.05 | —% | — | — | — |
| 1.9 L | -3K | 6K | 36.1% | ₹0.15 | 1,400 | ₹166.00 | —% | 2K | -375 | 63K |
| 5K | 0 | 375 | 44.2% | ₹0.50 | 1,410 | ₹178.90 | 51.5% | — | 0 | 3K |
| 13K | 0 | 375 | 41.0% | ₹0.20 | 1,420 | ₹203.35 | 99.4% | — | 0 | 6K |
| 1K | 0 | 2K | 41.7% | ₹0.15 | 1,430 | ₹210.35 | 95.6% | — | 0 | 2K |
| 13K | 0 | — | 46.7% | ₹0.30 | 1,440 | ₹220.00 | 97.8% | — | 0 | 2K |
| — | — | — | 66.6% | ₹2.30 | 1,450 | ₹216.00 | —% | — | 0 | 11K |
| 375 | 0 | — | 52.1% | ₹0.40 | 1,460 | ₹240.30 | 104.3% | — | 0 | 5K |
| — | — | — | 113.3% | ₹15.35 | 1,470 | ₹238.00 | 55.9% | — | 0 | 18K |
| 19K | 0 | 375 | 44.5% | ₹0.05 | 1,480 | ₹256.95 | 100.9% | — | 0 | 8K |
| — | — | — | 4.2% | ₹— | 1,490 | ₹— | —% | — | — | — |
| 69K | -6K | 6K | 50.9% | ₹0.10 | 1,500 | ₹267.75 | 59.4% | 1K | -750 | 1.0 L |
| — | — | — | 4.5% | ₹— | 1,510 | ₹— | —% | — | — | — |
| 375 | 0 | — | 57.7% | ₹0.20 | 1,520 | ₹288.00 | 66.4% | — | 0 | 1K |
| — | — | — | 4.8% | ₹— | 1,530 | ₹— | —% | — | — | — |
| — | — | — | 123.7% | ₹12.10 | 1,540 | ₹306.50 | —% | — | 0 | 750 |
| — | — | — | 5.1% | ₹— | 1,550 | ₹— | —% | — | — | — |
| — | — | — | —% | ₹9.95 | 1,560 | ₹327.50 | 64.1% | — | 0 | 375 |
| — | — | — | 5.3% | ₹— | 1,570 | ₹— | —% | — | — | — |
| 2K | 0 | — | 62.3% | ₹0.10 | 1,580 | ₹340.00 | —% | — | 0 | 1K |
| — | — | — | 5.6% | ₹— | 1,590 | ₹— | —% | — | — | — |
| — | — | — | —% | ₹6.65 | 1,600 | ₹269.15 | —% | — | — | — |
| — | — | — | 6.0% | ₹— | 1,620 | ₹— | —% | — | — | — |
| — | — | — | 6.3% | ₹— | 1,640 | ₹— | —% | — | — | — |
| — | — | — | 6.6% | ₹— | 1,660 | ₹— | —% | — | — | — |
| — | — | — | 6.8% | ₹— | 1,680 | ₹— | —% | — | — | — |
| — | — | — | 7.1% | ₹— | 1,700 | ₹— | —% | — | — | — |
| — | — | — | 7.4% | ₹— | 1,720 | ₹— | —% | — | — | — |
| — | — | — | 7.6% | ₹— | 1,740 | ₹— | —% | — | — | — |
| — | — | — | 7.9% | ₹— | 1,760 | ₹— | —% | — | — | — |
| — | — | — | 8.1% | ₹— | 1,780 | ₹— | —% | — | — | — |
| — | — | — | 8.4% | ₹— | 1,800 | ₹— | —% | — | — | — |
| — | — | — | 8.6% | ₹— | 1,820 | ₹— | —% | — | — | — |
| — | — | — | 8.8% | ₹— | 1,840 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
AI AnalysisGenerated daily after market close · AI-powered
Key Strike Levels
Strong support clusters at ₹1000, where put open interest peaks with 1.02 lakh contracts, signaling deep-pocketed defensive positioning. Immediate resistance forms at ₹1230 and ₹1250, coinciding with highest call OI buildup. The implied range narrows between ₹1180 and ₹1270, framed by recent OI concentration and spot proximity.
OI Buildup Activity
Fresh longs emerge at ₹1230 CE, adding 39,375 OI, suggesting aggressive call writing or short-term bullish accumulation near spot. On the put side, ₹1230 PE sees 35,625 new contracts, indicating hedging or bearish bets aligning with spot level. Writers are actively defending ₹1180 and ₹1210 on the downside, while building pressure at ₹1250–₹1270 on the call side.
Volatility Read
ATM IV holds at 22.5%, reflecting stable near-term volatility expectations. Neutral skew confirms balanced risk appetite, with no pronounced fear or greed bias in options pricing.
Strategy Implication
Range-bound bias prevails, with strong two-way interest around ₹1230, favoring strategies that exploit consolidation ahead of potential breakout.
Related Analysis
Frequently Asked Questions
What is the highest call OI strike for Cipla Limited today?▾
The strike with highest call (CE) open interest for Cipla Limited is ₹1,240 for the 2026-04-28 expiry. This acts as a key resistance level since call writers will defend this strike aggressively near expiry.
What is the highest put OI strike for Cipla Limited today?▾
The strike with highest put (PE) open interest for Cipla Limited is ₹1,160 for the 2026-04-28 expiry. This acts as a key support level — put writers will tend to defend this level near expiry.
What does OI buildup in Cipla Limited options mean?▾
Open Interest (OI) buildup in Cipla Limited options shows how many net new contracts are being created at each strike. Rising OI at a strike means fresh positions (writers or buyers). Rising OI with rising price = long buildup (bullish); rising OI with falling price = short buildup (bearish).
When does Cipla Limited options expire?▾
Cipla Limited options have their nearest expiry on 2026-04-28. NSE F&O stocks have monthly expiry contracts — typically the last Tuesday of each month. MarketNetra shows data for the nearest two expiries.
How to read Cipla Limited option chain?▾
The Cipla Limited option chain shows calls (CE) on the left and puts (PE) on the right for each strike price. Key columns: OI (total open contracts), OI Change (new positions today), Volume (today's trades), IV (implied volatility — higher = more uncertainty), and LTP (last traded price). The ATM (at-the-money) strike is highlighted in blue.