Cummins India Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 3,600 | ₹— | —% | — | 0 | 200 |
| 0 | 0 | — | —% | ₹— | 3,700 | ₹— | —% | — | 0 | 600 |
| 0 | 0 | — | —% | ₹— | 3,800 | ₹— | —% | — | +200 | 2K |
| 0 | 0 | — | —% | ₹— | 3,850 | ₹— | —% | — | 0 | 6K |
| 200 | 0 | — | —% | ₹— | 3,900 | ₹— | —% | — | 0 | 1K |
| 0 | 0 | — | —% | ₹— | 3,950 | ₹— | —% | — | 0 | 1K |
| 1K | 0 | — | —% | ₹— | 4,000 | ₹— | —% | — | +800 | 25K |
| 200 | 0 | — | —% | ₹— | 4,050 | ₹— | —% | — | 0 | 3K |
| 0 | 0 | — | —% | ₹— | 4,100 | ₹— | —% | — | -200 | 19K |
| 600 | 0 | — | —% | ₹— | 4,150 | ₹— | —% | — | 0 | 1K |
| 1K | 0 | — | —% | ₹— | 4,200 | ₹— | —% | — | -10K | 36K |
| 200 | 0 | — | —% | ₹— | 4,250 | ₹— | —% | — | 0 | 1K |
| 26K | -400 | — | —% | ₹— | 4,300 | ₹— | —% | — | +100 | 19K |
| 6K | 0 | — | —% | ₹— | 4,350 | ₹— | —% | — | +400 | 44K |
| 500 | +100 | — | —% | ₹— | 4,400 | ₹— | —% | — | +1K | 19K |
| 10K | 0 | — | —% | ₹— | 4,450 | ₹— | —% | — | 0 | 200 |
| 30K | +1K | — | —% | ₹— | 4,500 | ₹— | —% | — | +20K | 47K |
| 200 | 0 | — | —% | ₹— | 4,550 | ₹— | —% | — | +600 | 1K |
| 50K | +21K | — | —% | ₹— | 4,600ATM | ₹— | —% | — | +21K | 28K |
| 37K | +2K | — | —% | ₹— | 4,650 | ₹— | —% | — | +100 | 500 |
| 17K | +6K | — | —% | ₹— | 4,700 | ₹— | —% | — | +17K | 20K |
| 2K | +1K | — | —% | ₹— | 4,750 | ₹— | —% | — | 0 | 200 |
| 24K | +7K | — | —% | ₹— | 4,800 | ₹— | —% | — | +400 | 13K |
| 2K | 0 | — | —% | ₹— | 4,850 | ₹— | —% | — | 0 | 200 |
| 5K | +2K | — | —% | ₹— | 4,900 | ₹— | —% | — | 0 | 2K |
| 4K | +300 | — | —% | ₹— | 4,950 | ₹— | —% | — | 0 | 0 |
| 37K | -5K | — | —% | ₹— | 5,000 | ₹— | —% | — | -300 | 17K |
| 1K | 0 | — | —% | ₹— | 5,050 | ₹— | —% | — | 0 | 0 |
| 200 | 0 | — | —% | ₹— | 5,100 | ₹— | —% | — | +2K | 5K |
| 1K | 0 | — | —% | ₹— | 5,150 | ₹— | —% | — | 0 | 0 |
| 21K | -1K | — | —% | ₹— | 5,200 | ₹— | —% | — | -100 | 2K |
| 6K | +1K | — | —% | ₹— | 5,250 | ₹— | —% | — | 0 | 0 |
| 800 | 0 | — | —% | ₹— | 5,300 | ₹— | —% | — | +700 | 2K |
| 200 | 0 | — | —% | ₹— | 5,350 | ₹— | —% | — | 0 | 0 |
| 600 | 0 | — | —% | ₹— | 5,400 | ₹— | —% | — | 0 | 200 |
| 17K | +100 | — | —% | ₹— | 5,500 | ₹— | —% | — | -1K | 38K |
| 3K | -100 | — | —% | ₹— | 5,600 | ₹— | —% | — | 0 | 3K |
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 4,600 and 4,700 strike levels for both calls and puts, indicating a tight range expectation. The highest call OI at 2,200 contracts sits at the 4,600 strike, acting as a resistance barrier. Similarly, the peak put OI of 2,200 contracts at the 4,600 strike forms a support cushion. The implied range implied by the OI concentration spans roughly ₹4,500 to ₹4,800, which brackets the current spot of ₹4,620 and suggests limited upside beyond the 4,800 ceiling in the near‑term.
OI Buildup Activity
New call OI accumulates at the 4,600 strike with an addition of 20,900 contracts, followed by 7,400 at 4,800 and 6,000 at 4,700, showing aggressive writing near the current price. On the put side, fresh OI adds 21,000 contracts at 4,600, 19,800 at 4,500 and 17,600 at 4,700, suggesting writers are reinforcing downside protection. The concentration of fresh positions around the 4,600‑4,700 band reflects a balanced put‑call writer stance as expiry approaches.
Volatility Read
The at‑the‑money implied volatility stands at 27.88%, indicating moderate pricing of forward uncertainty. The volatility skew is neutral, with no pronounced bias toward either side of the distribution. Implied volatility remains stable across strikes throughout the trading day.
Key OI Levels
The strikes with the highest open interest are 4,600 for both calls (2,200 contracts) and puts (2,200 contracts).