Hindalco Industries Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 720 | ₹— | —% | — | 0 | 0 |
| 3K | +3K | — | —% | ₹— | 740 | ₹— | —% | — | +22K | 50K |
| 0 | 0 | — | —% | ₹— | 760 | ₹— | —% | — | +1.1 L | 1.7 L |
| 0 | 0 | — | —% | ₹— | 770 | ₹— | —% | — | +3K | 5K |
| 0 | 0 | — | —% | ₹— | 780 | ₹— | —% | — | 0 | 53K |
| 0 | 0 | — | —% | ₹— | 790 | ₹— | —% | — | -26K | 42K |
| 8K | 0 | — | —% | ₹— | 800 | ₹— | —% | — | +25K | 8.2 L |
| 3K | 0 | — | —% | ₹— | 810 | ₹— | —% | — | +20K | 60K |
| 0 | 0 | — | —% | ₹— | 820 | ₹— | —% | — | -39K | 74K |
| 27K | 0 | — | —% | ₹— | 830 | ₹— | —% | — | -15K | 1.1 L |
| 53K | +4K | — | —% | ₹— | 840 | ₹— | —% | — | +50K | 2.2 L |
| 2.5 L | +700 | — | —% | ₹— | 850 | ₹— | —% | — | +81K | 4.7 L |
| 1.3 L | 0 | — | —% | ₹— | 860 | ₹— | —% | — | +20K | 2.9 L |
| 1.1 L | +8K | — | —% | ₹— | 870 | ₹— | —% | — | +32K | 2.0 L |
| 5.3 L | +32K | — | —% | ₹— | 880 | ₹— | —% | — | +50K | 4.8 L |
| 8.4 L | +1.4 L | — | —% | ₹— | 890 | ₹— | —% | — | +2.1 L | 8.7 L |
| 19.4 L | +8.5 L | — | —% | ₹— | 900ATM | ₹— | —% | — | +2.4 L | 10.3 L |
| 2.5 L | +1.3 L | — | —% | ₹— | 910 | ₹— | —% | — | +51K | 1.8 L |
| 6.0 L | +1.2 L | — | —% | ₹— | 920 | ₹— | —% | — | +49K | 2.7 L |
| 1.2 L | +31K | — | —% | ₹— | 930 | ₹— | —% | — | 0 | 36K |
| 3.2 L | +8K | — | —% | ₹— | 940 | ₹— | —% | — | +4K | 8.4 L |
| 12.9 L | +83K | — | —% | ₹— | 950 | ₹— | —% | — | -5K | 4.8 L |
| 4.0 L | +1.4 L | — | —% | ₹— | 960 | ₹— | —% | — | 0 | 7.1 L |
| 1.2 L | +55K | — | —% | ₹— | 970 | ₹— | —% | — | 0 | 700 |
| 2.3 L | +9K | — | —% | ₹— | 980 | ₹— | —% | — | 0 | 71K |
| 99K | +21K | — | —% | ₹— | 990 | ₹— | —% | — | 0 | 0 |
| 7.2 L | +12K | — | —% | ₹— | 1,000 | ₹— | —% | — | +3K | 4.7 L |
| 92K | +30K | — | —% | ₹— | 1,010 | ₹— | —% | — | 0 | 1K |
| 1.0 L | +23K | — | —% | ₹— | 1,020 | ₹— | —% | — | 0 | 67K |
| 70K | +44K | — | —% | ₹— | 1,030 | ₹— | —% | — | 0 | 2K |
| 1.7 L | +83K | — | —% | ₹— | 1,040 | ₹— | —% | — | 0 | 46K |
| 70K | +10K | — | —% | ₹— | 1,060 | ₹— | —% | — | +1K | 35K |
| 2.5 L | +57K | — | —% | ₹— | 1,080 | ₹— | —% | — | -700 | 67K |
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 option chain displays significant open interest concentration around the 900 strike, indicating a pivotal battleground for buyers and sellers near current spot prices. Current positioning suggests a consolidative phase where the market expects price action to remain contained within a defined channel near current levels. Resistance emerges clearly at the 1000 call wall, while substantial put writing at the same strike creates a unique support confluence for the underlying asset.
OI Buildup Activity
Fresh long buildup is evident in the 900 call option, where traders add 8,49,800 contracts to existing positions alongside notable increases at 890. On the put side, aggressive writing occurs at the 900 and 890 strikes, signaling strong hedging activity and confidence in a floor below the spot price. Call writers also expand exposure at the 890 and 960 levels, suggesting conviction in capped upside momentum over the coming weeks.
Volatility Read
Implied volatility stands at 28.56% for at-the-money options, reflecting moderate pricing expectations for future price swings. The skew remains neutral, indicating balanced demand between protective puts and speculative calls across the entire strike spectrum without bias.
Key OI Levels
Maximum open interest resides at the 1000 strike for both calls and puts, establishing this level as the primary magnetic zone for expiry settlement.