Cummins India Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 4,200 | ₹— | —% | — | 0 | 0 |
| 2K | 0 | — | —% | ₹— | 4,400 | ₹— | —% | — | +400 | 2K |
| 0 | 0 | — | —% | ₹— | 4,500 | ₹— | —% | — | 0 | 0 |
| 400 | -200 | — | —% | ₹— | 4,600 | ₹— | —% | — | +6K | 59K |
| 600 | 0 | — | —% | ₹— | 4,700 | ₹— | —% | — | 0 | 200 |
| 2K | 0 | — | —% | ₹— | 4,800 | ₹— | —% | — | +2K | 3.4 L |
| 2K | +1K | — | —% | ₹— | 4,900 | ₹— | —% | — | +2K | 1.4 L |
| 30K | +9K | — | —% | ₹— | 5,000 | ₹— | —% | — | -1K | 1.1 L |
| 1.4 L | +27K | — | —% | ₹— | 5,100 | ₹— | —% | — | +200 | 1.8 L |
| 2.9 L | +27K | — | —% | ₹— | 5,200ATM | ₹— | —% | — | +600 | 1.7 L |
| 2.1 L | +16K | — | —% | ₹— | 5,300 | ₹— | —% | — | 0 | 44K |
| 1.6 L | +14K | — | —% | ₹— | 5,400 | ₹— | —% | — | +200 | 22K |
| 1.7 L | +19K | — | —% | ₹— | 5,500 | ₹— | —% | — | +2K | 49K |
| 78K | +4K | — | —% | ₹— | 5,600 | ₹— | —% | — | 0 | 2K |
| 37K | +1K | — | —% | ₹— | 5,700 | ₹— | —% | — | 0 | 4K |
| 400 | 0 | — | —% | ₹— | 5,800 | ₹— | —% | — | 0 | 2K |
| — | — | — | —% | ₹— | 5,900 | ₹— | —% | — | 0 | 1K |
| 57K | -2K | — | —% | ₹— | 6,000 | ₹— | —% | — | 0 | 2K |
| 3K | 0 | — | —% | ₹— | 6,100 | ₹— | —% | — | 0 | 600 |
| 2K | 0 | — | —% | ₹— | 6,200 | ₹— | —% | — | — | — |
| 7K | -600 | — | —% | ₹— | 6,400 | ₹— | —% | — | 0 | 1K |
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) profile clusters around ₹5,200 on the call side and ₹4,800 on the put side, forming a clear resistance‑support band. The highest call OI sits at the ₹5,200 strike (2 600 contracts) while the strongest put OI rests at the ₹4,800 strike (2 600 contracts), suggesting the market’s implied price range is roughly ₹4,800‑₹5,200. With the spot price at ₹5,035, the underlying sits near the midpoint of this range, indicating balanced pressure from both bullish and bearish participants.
OI Buildup Activity
During the latest data window, fresh OI adds appear at the ₹5,100 call (5 100 contracts, +27,800) and the ₹5,200 call (5 200 contracts, +27,000), signaling aggressive new positioning by call writers near the resistance zone. On the put side, notable additions occur at the ₹4,600 strike (4 600 contracts, +5,800) and the ₹4,900 strike (4 900 contracts, +5,600), reflecting fresh put writer interest around the support corridor. The magnitude of these builds underscores a concentration of new exposure at the upper‑mid and lower‑mid strikes, reinforcing the identified range.
Volatility Read
The at‑the‑money implied volatility stands at 21.52 %, indicating moderate pricing of forward risk. The volatility skew is neutral, showing no pronounced bias toward either calls or puts across strikes.
Key OI Levels
The strikes with the highest OI concentration are ₹5,200 on the call side and ₹4,800 on the put side, each holding 2 600 open‑interest contracts.