Havells India Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 840 | ₹— | —% | — | +2K | 3K |
| 500 | 0 | — | —% | ₹— | 860 | ₹— | —% | — | +12K | 14K |
| 0 | 0 | — | —% | ₹— | 870 | ₹— | —% | — | 0 | 1K |
| 0 | 0 | — | —% | ₹— | 880 | ₹— | —% | — | 0 | 15K |
| 0 | 0 | — | —% | ₹— | 890 | ₹— | —% | — | +500 | 1K |
| 6K | +500 | — | —% | ₹— | 900 | ₹— | —% | — | -9K | 1.0 L |
| 0 | 0 | — | —% | ₹— | 910 | ₹— | —% | — | +4K | 33K |
| 0 | 0 | — | —% | ₹— | 920 | ₹— | —% | — | -2K | 44K |
| 0 | 0 | — | —% | ₹— | 930 | ₹— | —% | — | +7K | 18K |
| 0 | 0 | — | —% | ₹— | 940 | ₹— | —% | — | +4K | 30K |
| 3K | 0 | — | —% | ₹— | 950 | ₹— | —% | — | -21K | 71K |
| 6K | +2K | — | —% | ₹— | 960 | ₹— | —% | — | +7K | 47K |
| 0 | 0 | — | —% | ₹— | 970 | ₹— | —% | — | +12K | 54K |
| 8K | +2K | — | —% | ₹— | 980 | ₹— | —% | — | -11K | 1.6 L |
| 13K | -1K | — | —% | ₹— | 990 | ₹— | —% | — | +63K | 1.6 L |
| 1.4 L | -9K | — | —% | ₹— | 1,000 | ₹— | —% | — | -52K | 3.6 L |
| 99K | +4K | — | —% | ₹— | 1,010 | ₹— | —% | — | -4K | 1.1 L |
| 1.1 L | -23K | — | —% | ₹— | 1,020 | ₹— | —% | — | +14K | 87K |
| 2.0 L | +85K | — | —% | ₹— | 1,030 | ₹— | —% | — | -8K | 1.1 L |
| 1.1 L | +16K | — | —% | ₹— | 1,040 | ₹— | —% | — | -500 | 44K |
| 2.1 L | -14K | — | —% | ₹— | 1,050 | ₹— | —% | — | +3K | 1.3 L |
| 3.3 L | +1K | — | —% | ₹— | 1,060 | ₹— | —% | — | -4K | 37K |
| 1.2 L | -32K | — | —% | ₹— | 1,070 | ₹— | —% | — | -500 | 61K |
| 1.5 L | -4K | — | —% | ₹— | 1,080 | ₹— | —% | — | +1K | 64K |
| 82K | +16K | — | —% | ₹— | 1,090 | ₹— | —% | — | 0 | 7K |
| 6.2 L | -1.0 L | — | —% | ₹— | 1,100ATM | ₹— | —% | — | -500 | 1.7 L |
| 39K | -13K | — | —% | ₹— | 1,110 | ₹— | —% | — | 0 | 0 |
| 1.4 L | +6K | — | —% | ₹— | 1,120 | ₹— | —% | — | 0 | 27K |
| 33K | +11K | — | —% | ₹— | 1,130 | ₹— | —% | — | 0 | 500 |
| 80K | +22K | — | —% | ₹— | 1,140 | ₹— | —% | — | 0 | 26K |
| 1.9 L | -21K | — | —% | ₹— | 1,150 | ₹— | —% | — | 0 | 500 |
| 48K | -4K | — | —% | ₹— | 1,160 | ₹— | —% | — | 0 | 34K |
| 10K | -2K | — | —% | ₹— | 1,170 | ₹— | —% | — | 0 | 14K |
| 18K | +5K | — | —% | ₹— | 1,180 | ₹— | —% | — | +1K | 11K |
| 0 | 0 | — | —% | ₹— | 1,190 | ₹— | —% | — | 0 | 0 |
| 4.7 L | +28K | — | —% | ₹— | 1,200 | ₹— | —% | — | 0 | 42K |
| 10K | 0 | — | —% | ₹— | 1,210 | ₹— | —% | — | 0 | 0 |
| 16K | +3K | — | —% | ₹— | 1,220 | ₹— | —% | — | 0 | 10K |
| 2K | +500 | — | —% | ₹— | 1,230 | ₹— | —% | — | 0 | 500 |
| 3K | 0 | — | —% | ₹— | 1,240 | ₹— | —% | — | 0 | 6K |
| 47K | 0 | — | —% | ₹— | 1,260 | ₹— | —% | — | 0 | 2K |
| 26K | 0 | — | —% | ₹— | 1,280 | ₹— | —% | — | 0 | 47K |
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) pile‑up clusters around the 1,100 ₹ call strike with 6,22,000 contracts, defining a near‑term resistance zone, while the 1,000 ₹ put strike holds 3,69,500 contracts, marking a robust support baseline. Given the spot price of 1,025.4 ₹, the market’s implied valuation corridor stretches roughly between the 990 ₹ and 1,140 ₹ strikes, where the bulk of OI currently resides. This concentration suggests that traders anticipate limited price movement beyond these bounds until the November 23 expiry, suggesting a cautious outlook.
OI Buildup Activity
New call OI adds are strongest at the 1,030 ₹ strike (+85,500), followed by 1,200 ₹ (+28,000) and 1,140 ₹ (+21,500), indicating writers are actively stacking near‑term upside exposure. On the put side, fresh OI accumulates primarily at 990 ₹ (+62,500), with secondary builds at 1,020 ₹ (+14,000) and 1,010 ₹ (+13,000), reflecting defensive positioning that is strategically aimed at downside protection. The asymmetric OI inflow, heavier on calls, points to a net long‑call bias among option writers ahead of the upcoming earnings window, more pronounced than in the prior cycle.
Volatility Read
The at‑the‑money implied volatility stands at 25.75%, a modest level relative to historical norms for this stock and for the sector. The volatility skew is bearish, with out‑of‑the‑money puts priced higher than calls, signaling market discomfort on downside moves, currently reflecting cautious sentiment.
Key OI Levels
The highest concentration remains at the 1,100 ₹ call (6,22,000 OI) and the 1,000 ₹ put (3,69,500 OI), clearly highlighting the key resistance and support zones.