HDFC Life Insurance Company Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 440 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 450 | ₹— | —% | — | 0 | 34K |
| 0 | 0 | — | —% | ₹— | 460 | ₹— | —% | — | 0 | 1K |
| 0 | 0 | — | —% | ₹— | 470 | ₹— | —% | — | 0 | 3K |
| 0 | 0 | — | —% | ₹— | 475 | ₹— | —% | — | 0 | 0 |
| 7K | 0 | — | —% | ₹— | 480 | ₹— | —% | — | +1K | 41K |
| 0 | 0 | — | —% | ₹— | 485 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 490 | ₹— | —% | — | -4K | 75K |
| 0 | 0 | — | —% | ₹— | 495 | ₹— | —% | — | -2K | 13K |
| 91K | -9K | — | —% | ₹— | 500 | ₹— | —% | — | +24K | 5.5 L |
| 0 | 0 | — | —% | ₹— | 505 | ₹— | —% | — | +1K | 1.0 L |
| 51K | +6K | — | —% | ₹— | 510 | ₹— | —% | — | -17K | 24.7 L |
| 6K | 0 | — | —% | ₹— | 515 | ₹— | —% | — | -23K | 1.4 L |
| 1.1 L | +9K | — | —% | ₹— | 520 | ₹— | —% | — | -48K | 8.5 L |
| 23K | 0 | — | —% | ₹— | 525 | ₹— | —% | — | +1.3 L | 4.9 L |
| 2.6 L | -14K | — | —% | ₹— | 530 | ₹— | —% | — | +23K | 22.4 L |
| 4.0 L | +22K | — | —% | ₹— | 535 | ₹— | —% | — | +1.2 L | 5.9 L |
| 6.2 L | -3.6 L | — | —% | ₹— | 540 | ₹— | —% | — | +1.9 L | 8.9 L |
| 7.8 L | -79K | — | —% | ₹— | 545 | ₹— | —% | — | -80K | 5.9 L |
| 31.7 L | +4.7 L | — | —% | ₹— | 550ATM | ₹— | —% | — | +50K | 12.0 L |
| 4.2 L | +48K | — | —% | ₹— | 555 | ₹— | —% | — | -23K | 3.1 L |
| 14.6 L | -2.5 L | — | —% | ₹— | 560 | ₹— | —% | — | +44K | 8.2 L |
| 3.5 L | -51K | — | —% | ₹— | 565 | ₹— | —% | — | +2K | 1.0 L |
| 25.5 L | -1.5 L | — | —% | ₹— | 570 | ₹— | —% | — | -18K | 4.4 L |
| 7.2 L | +23K | — | —% | ₹— | 575 | ₹— | —% | — | 0 | 26K |
| 7.7 L | -79K | — | —% | ₹— | 580 | ₹— | —% | — | -3K | 2.9 L |
| 3.8 L | +48K | — | —% | ₹— | 585 | ₹— | —% | — | 0 | 0 |
| 4.8 L | +94K | — | —% | ₹— | 590 | ₹— | —% | — | 0 | 1.0 L |
| 1.4 L | -1K | — | —% | ₹— | 595 | ₹— | —% | — | 0 | 4K |
| 18.3 L | +1.9 L | — | —% | ₹— | 600 | ₹— | —% | — | 0 | 2.8 L |
| 9.6 L | -19K | — | —% | ₹— | 605 | ₹— | —% | — | 0 | 7K |
| 16.2 L | +12K | — | —% | ₹— | 610 | ₹— | —% | — | -1K | 6K |
| 26K | 0 | — | —% | ₹— | 615 | ₹— | —% | — | 0 | 3K |
| 2.4 L | +23K | — | —% | ₹— | 620 | ₹— | —% | — | 0 | 69K |
| 19K | +4K | — | —% | ₹— | 630 | ₹— | —% | — | 0 | 23K |
| 0 | 0 | — | —% | ₹— | 640 | ₹— | —% | — | 0 | 4K |
| 6.8 L | 0 | — | —% | ₹— | 650 | ₹— | —% | — | 0 | 2.1 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 (OI) profile shows a tight concentration around the ₹540‑₹600 corridor, suggesting that market participants view this band as the primary trading range for the underlying. The highest call OI sits at the ₹600 strike, while the largest put OI is anchored at ₹540, establishing a clear resistance‑support framework. With spot at ₹546.4, the current price sits just above the put‑heavy support zone and well beneath the call‑heavy resistance zone, implying limited upside pressure in the immediate term.
OI Buildup Activity
During the latest session, fresh call OI accumulates at the ₹550, ₹590, and ₹600 strikes, adding 4 63,100, 95,700, and 1 91,400 contracts respectively, indicating that option writers are bolstering exposure near the upper bound of the range. On the put side, new OI is recorded at ₹525, ₹535, and ₹540 with additions of 1 34,200, 1 16,600, and 1 91,400 contracts, reflecting reinforcement of defensive positions near the lower bound. The symmetric influx of OI on both sides suggests that market makers are calibrating delta‑neutral portfolios rather than signalling directional bias.
Volatility Read
Implied volatility (IV) stands at 18.99%, modest for the sector and consistent with a relatively calm market environment. The volatility skew is bearish, indicating that out‑of‑the‑money calls are priced lower relative to puts, which typically points to a market expectation of limited upside momentum.
Key OI Levels
The peak concentrations are observed at the ₹600 call (260 OI) and the ₹540 put (260 OI).