Hero MotoCorp Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 4,100 | ₹— | —% | — | +750 | 2K |
| 0 | 0 | — | —% | ₹— | 4,200 | ₹— | —% | — | +1K | 5K |
| 0 | 0 | — | —% | ₹— | 4,300 | ₹— | —% | — | +4K | 5K |
| 0 | 0 | — | —% | ₹— | 4,350 | ₹— | —% | — | -150 | 450 |
| 0 | 0 | — | —% | ₹— | 4,400 | ₹— | —% | — | +3K | 6K |
| 0 | 0 | — | —% | ₹— | 4,450 | ₹— | —% | — | 0 | 750 |
| 300 | 0 | — | —% | ₹— | 4,500 | ₹— | —% | — | +15K | 36K |
| 0 | 0 | — | —% | ₹— | 4,550 | ₹— | —% | — | -3K | 5K |
| 750 | 0 | — | —% | ₹— | 4,600 | ₹— | —% | — | +2K | 24K |
| 0 | 0 | — | —% | ₹— | 4,650 | ₹— | —% | — | -2K | 3K |
| 1K | 0 | — | —% | ₹— | 4,700 | ₹— | —% | — | +69K | 88K |
| 600 | 0 | — | —% | ₹— | 4,750 | ₹— | —% | — | +2K | 6K |
| 150 | 0 | — | —% | ₹— | 4,800 | ₹— | —% | — | +14K | 33K |
| 600 | 0 | — | —% | ₹— | 4,850 | ₹— | —% | — | +1K | 24K |
| 2K | 0 | — | —% | ₹— | 4,900 | ₹— | —% | — | +9K | 32K |
| 1K | 0 | — | —% | ₹— | 4,950 | ₹— | —% | — | +3K | 9K |
| 20K | +150 | — | —% | ₹— | 5,000 | ₹— | —% | — | +10K | 68K |
| 7K | 0 | — | —% | ₹— | 5,050 | ₹— | —% | — | -300 | 14K |
| 36K | -900 | — | —% | ₹— | 5,100 | ₹— | —% | — | +9K | 65K |
| 4K | 0 | — | —% | ₹— | 5,150 | ₹— | —% | — | +14K | 23K |
| 59K | -2K | — | —% | ₹— | 5,200 | ₹— | —% | — | +40K | 1.1 L |
| 25K | +5K | — | —% | ₹— | 5,250 | ₹— | —% | — | +18K | 38K |
| 1.6 L | +57K | — | —% | ₹— | 5,300ATM | ₹— | —% | — | +61K | 1.1 L |
| 95K | +78K | — | —% | ₹— | 5,350 | ₹— | —% | — | +28K | 39K |
| 1.4 L | +96K | — | —% | ₹— | 5,400 | ₹— | —% | — | +26K | 41K |
| 19K | +7K | — | —% | ₹— | 5,450 | ₹— | —% | — | +1K | 5K |
| 1.3 L | +84K | — | —% | ₹— | 5,500 | ₹— | —% | — | +2K | 24K |
| 23K | +12K | — | —% | ₹— | 5,550 | ₹— | —% | — | +2K | 2K |
| 61K | +44K | — | —% | ₹— | 5,600 | ₹— | —% | — | +750 | 5K |
| 18K | +3K | — | —% | ₹— | 5,650 | ₹— | —% | — | 0 | 150 |
| 57K | +37K | — | —% | ₹— | 5,700 | ₹— | —% | — | 0 | 5K |
| 8K | +3K | — | —% | ₹— | 5,750 | ₹— | —% | — | 0 | 150 |
| 71K | +52K | — | —% | ₹— | 5,800 | ₹— | —% | — | +150 | 6K |
| 35K | +28K | — | —% | ₹— | 5,900 | ₹— | —% | — | 0 | 150 |
| 1.6 L | +1.0 L | — | —% | ₹— | 6,000 | ₹— | —% | — | -450 | 8K |
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 landscape centres around the 5,400 and 5,500 call strikes, together holding the largest concentration of contracts and 5,600 which act as a secondary cluster for speculative bets. On the put side, the 4,700 and 5,300 strikes dominate open interest, forming a clear support band beneath the spot and also attract defensive positioning from institutional investors. This distribution suggests an implied range roughly between ₹4,700 and ₹5,500 for the upcoming expiry, including potential breakout scenarios.
OI Buildup Activity
New call open interest adds 6,000 contracts at the 5,600 strike, indicating aggressive positioning by market makers near the upper band as liquidity thins. Additional call buil‑dup of 5,400 (+94,350) and 5,500 (+83,850) reflects fresh inflows that reinforce the resistance zone. On the put side, the 5,300 strike accrues 61,050 contracts, while 4,700 (+58,950) and 5,200 (+40,200) see notable additions, confirming sellers’ hedge against downside moves.
Volatility Read
The at‑the‑money implied volatility stands at 30.64%, marking moderate premium levels for the November expiry. The volatility skew is bearish, with put IV modestly higher than call IV, hinting that market participants price a slightly larger move to the downside.
Key OI Levels
The highest call OI sits at the 5,400 strike, and the highest put OI resides at the 4,700 strike.