Coal India Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 2.0 L | +18K | — | —% | ₹— | 340 | ₹— | —% | — | +26K | 72K |
| 19K | 0 | — | —% | ₹— | 350 | ₹— | —% | — | +12.2 L | 12.9 L |
| 0 | 0 | — | —% | ₹— | 355 | ₹— | —% | — | +38K | 65K |
| 19K | +5K | — | —% | ₹— | 360 | ₹— | —% | — | -12K | 2.6 L |
| 0 | 0 | — | —% | ₹— | 365 | ₹— | —% | — | +1.3 L | 2.3 L |
| 5K | -1K | — | —% | ₹— | 370 | ₹— | —% | — | +1.4 L | 2.7 L |
| 0 | 0 | — | —% | ₹— | 375 | ₹— | —% | — | +3K | 4.0 L |
| 78K | +53K | — | —% | ₹— | 380 | ₹— | —% | — | +2.3 L | 16.9 L |
| 70K | +24K | — | —% | ₹— | 385 | ₹— | —% | — | +5.0 L | 7.9 L |
| 7.2 L | +5.0 L | — | —% | ₹— | 390 | ₹— | —% | — | +1.7 L | 8.2 L |
| 5.9 L | +2.8 L | — | —% | ₹— | 395 | ₹— | —% | — | +49K | 6.0 L |
| 35.3 L | +9.6 L | — | —% | ₹— | 400ATM | ₹— | —% | — | -14K | 22.1 L |
| 11.9 L | +2.6 L | — | —% | ₹— | 405 | ₹— | —% | — | +65K | 10.0 L |
| 37.3 L | +5.0 L | — | —% | ₹— | 410 | ₹— | —% | — | -11K | 8.5 L |
| 4.6 L | +63K | — | —% | ₹— | 415 | ₹— | —% | — | +1K | 1.8 L |
| 15.3 L | +3.2 L | — | —% | ₹— | 420 | ₹— | —% | — | +5K | 3.7 L |
| 5.3 L | +2.6 L | — | —% | ₹— | 425 | ₹— | —% | — | -1K | 4.8 L |
| 14.3 L | +4.0 L | — | —% | ₹— | 430 | ₹— | —% | — | -1K | 11.9 L |
| 1.8 L | +15K | — | —% | ₹— | 435 | ₹— | —% | — | +1K | 15K |
| 11.5 L | +7.9 L | — | —% | ₹— | 440 | ₹— | —% | — | 0 | 1.1 L |
| 39K | +3K | — | —% | ₹— | 445 | ₹— | —% | — | 0 | 1K |
| 8.7 L | +1.2 L | — | —% | ₹— | 450 | ₹— | —% | — | +26K | 8.5 L |
| 15K | 0 | — | —% | ₹— | 455 | ₹— | —% | — | 0 | 1K |
| 3.0 L | +15K | — | —% | ₹— | 460 | ₹— | —% | — | +3K | 70K |
| 11K | 0 | — | —% | ₹— | 465 | ₹— | —% | — | 0 | 0 |
| 2.2 L | +9K | — | —% | ₹— | 470 | ₹— | —% | — | 0 | 90K |
| 3.6 L | -42K | — | —% | ₹— | 480 | ₹— | —% | — | 0 | 63K |
| 49K | +15K | — | —% | ₹— | 490 | ₹— | —% | — | +24K | 1.1 L |
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 pool clusters tightly around the ₹390‑₹400 band on the call side, with a secondary hump at ₹440, while put open‑interest forms a pronounced peak at ₹350 and secondary concentrations at ₹385 and ₹380. This bifurcated distribution implies that market participants collectively price the underlying to trade inside a roughly ₹380‑₹410 corridor by the November 23 expiry, using the strikes as reference points for upside potential and downside protection. The very large open‑interest stacks at the ₹220 strike for both calls and puts therefore act as a technical resistance ceiling and a support floor, respectively, around which price action may oscillate.
OI Buildup Activity
Fresh call open‑interest additions total 9,55,800 contracts at the ₹400 strike, 7,91,100 contracts at ₹440 and 4,98,150 contracts at ₹390, signalling that option writers are aggressively layering premium near the upper edge of the implied range. On the put side, new builds of 12,15,000 contracts at ₹350, 5,04,900 contracts at ₹385 and 2,28,150 contracts at ₹380 indicate a simultaneous hedging thrust aimed at safeguarding against downside moves. The simultaneous surge in both call and put OI suggests a balanced, market‑neutral stance, with participants positioning themselves to capture premium while retaining flexibility as the underlying price approaches the expiry window.
Volatility Read
The at‑the‑money implied volatility is currently 24.55%, which sits comfortably within the sector’s typical volatility band and reflects modest pricing of future uncertainty. The volatility skew remains neutral, showing no discernible premium bias toward either calls or puts at this moment.
Key OI Levels
The strikes with the highest open‑interest concentrations are ₹220 on the call side and ₹220 on the put side.