HDFC Life Insurance Company Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 430 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 440 | ₹— | —% | — | +9K | 13K |
| 0 | 0 | — | —% | ₹— | 450 | ₹— | —% | — | +1.2 L | 1.5 L |
| 1K | 0 | — | —% | ₹— | 460 | ₹— | —% | — | +40K | 84K |
| 0 | 0 | — | —% | ₹— | 465 | ₹— | —% | — | +33K | 33K |
| 0 | 0 | — | —% | ₹— | 470 | ₹— | —% | — | +22K | 1.2 L |
| 0 | 0 | — | —% | ₹— | 475 | ₹— | —% | — | -19K | 1.0 L |
| 13K | +9K | — | —% | ₹— | 480 | ₹— | —% | — | +40K | 2.2 L |
| 0 | 0 | — | —% | ₹— | 485 | ₹— | —% | — | +6K | 46K |
| 1K | 0 | — | —% | ₹— | 490 | ₹— | —% | — | +39K | 2.6 L |
| 1K | 0 | — | —% | ₹— | 495 | ₹— | —% | — | +15K | 57K |
| 1.5 L | +31K | — | —% | ₹— | 500 | ₹— | —% | — | +1.6 L | 21.6 L |
| 1.6 L | +14K | — | —% | ₹— | 505 | ₹— | —% | — | +47K | 2.6 L |
| 3.0 L | +67K | — | —% | ₹— | 510 | ₹— | —% | — | +1.0 L | 4.7 L |
| 2.4 L | +80K | — | —% | ₹— | 515 | ₹— | —% | — | +64K | 4.1 L |
| 6.8 L | +1.2 L | — | —% | ₹— | 520 | ₹— | —% | — | +69K | 4.2 L |
| 7.8 L | +5.4 L | — | —% | ₹— | 525 | ₹— | —% | — | +37K | 1.6 L |
| 6.4 L | +2.0 L | — | —% | ₹— | 530 | ₹— | —% | — | +2K | 3.0 L |
| 1.7 L | +55K | — | —% | ₹— | 535 | ₹— | —% | — | 0 | 50K |
| 24.8 L | +94K | — | —% | ₹— | 540ATM | ₹— | —% | — | +6K | 3.9 L |
| 1.1 L | +34K | — | —% | ₹— | 545 | ₹— | —% | — | 0 | 14K |
| 7.4 L | +75K | — | —% | ₹— | 550 | ₹— | —% | — | 0 | 1.7 L |
| 1.9 L | -2K | — | —% | ₹— | 555 | ₹— | —% | — | 0 | 89K |
| 4.6 L | +13K | — | —% | ₹— | 560 | ₹— | —% | — | +2K | 2.5 L |
| 1.7 L | -2K | — | —% | ₹— | 565 | ₹— | —% | — | 0 | 70K |
| 4.6 L | +18K | — | —% | ₹— | 570 | ₹— | —% | — | 0 | 78K |
| 75K | +3K | — | —% | ₹— | 575 | ₹— | —% | — | 0 | 2K |
| 3.8 L | +1.1 L | — | —% | ₹— | 580 | ₹— | —% | — | 0 | 74K |
| 56K | -21K | — | —% | ₹— | 585 | ₹— | —% | — | 0 | 0 |
| 92K | -15K | — | —% | ₹— | 590 | ₹— | —% | — | 0 | 12K |
| 25K | 0 | — | —% | ₹— | 595 | ₹— | —% | — | 0 | 1K |
| 5.1 L | +41K | — | —% | ₹— | 600 | ₹— | —% | — | +6K | 1.9 L |
| 53K | 0 | — | —% | ₹— | 605 | ₹— | —% | — | 0 | 0 |
| 1.7 L | -8K | — | —% | ₹— | 610 | ₹— | —% | — | 0 | 4K |
| 98K | -1K | — | —% | ₹— | 620 | ₹— | —% | — | 0 | 24K |
| 1.4 L | -8K | — | —% | ₹— | 630 | ₹— | —% | — | 0 | 8K |
| 78K | 0 | — | —% | ₹— | 640 | ₹— | —% | — | +2K | 1.5 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 cluster is tight around the 520‑525 ₹ call strikes and the 500‑450 ₹ put strikes, suggesting the market’s preferred trading band lies between ₹450 and ₹525. With the spot at ₹514.1, the 520 ₹ call sits slightly out‑of‑the‑money while the 500 ₹ put is modestly in‑the‑money, framing an implied price range that mirrors current valuation. The highest call OI of 270 contracts sits at the 520 ₹ level, acting as a resistance ceiling, while the equal 270‑contract put OI at 500 ₹ provides a support floor and may cap upside.
OI Buildup Activity
New call open interest adds 525 ₹ (+5,37,900), 530 ₹ (+2,00,200) and 520 ₹ (+1,19,900) indicate writers are stacking positions near the upper edge of the range. Conversely, put additions of 500 ₹ (+1,58,400), 450 ₹ (+1,22,100) and 510 ₹ (+1,05,600) show defensive hedging around the lower strike cluster. The balanced influx on both sides reflects a market expectation of limited directional movement ahead of the November expiry.
Volatility Read
The at‑the‑money implied volatility stands at 26.57%, indicating moderate premium levels for the current price environment. Skew is bearish, meaning out‑of‑the‑money calls are priced higher than equivalent puts, a sign of downside bias.
Key OI Levels
The concentration peaks at 520 ₹ for calls and 500 ₹ for puts, each holding 270 contracts of open interest.