Hindustan Zinc Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 420 | ₹— | —% | — | +1K | 62K |
| 0 | 0 | — | —% | ₹— | 430 | ₹— | —% | — | +70K | 87K |
| 0 | 0 | — | —% | ₹— | 440 | ₹— | —% | — | -42K | 1.9 L |
| 33K | +7K | — | —% | ₹— | 450 | ₹— | —% | — | +49K | 2.7 L |
| 23K | +20K | — | —% | ₹— | 460 | ₹— | —% | — | -17K | 2.7 L |
| 10K | +2K | — | —% | ₹— | 470 | ₹— | —% | — | +54K | 2.2 L |
| 1.1 L | +48K | — | —% | ₹— | 480 | ₹— | —% | — | +1.9 L | 7.4 L |
| 3.2 L | +32K | — | —% | ₹— | 490 | ₹— | —% | — | +1.3 L | 6.8 L |
| 22.9 L | +59K | — | —% | ₹— | 500ATM | ₹— | —% | — | +1.6 L | 21.1 L |
| 6.3 L | +2.4 L | — | —% | ₹— | 510 | ₹— | —% | — | +20K | 5.0 L |
| 10.2 L | +1.3 L | — | —% | ₹— | 520 | ₹— | —% | — | +59K | 4.3 L |
| 7.2 L | +96K | — | —% | ₹— | 530 | ₹— | —% | — | 0 | 1.8 L |
| 9.1 L | +1.6 L | — | —% | ₹— | 540 | ₹— | —% | — | +27K | 4.3 L |
| 20.8 L | -36K | — | —% | ₹— | 550 | ₹— | —% | — | +12K | 14.6 L |
| 11.0 L | +66K | — | —% | ₹— | 560 | ₹— | —% | — | -16K | 2.3 L |
| 3.6 L | -23K | — | —% | ₹— | 570 | ₹— | —% | — | -1K | 80K |
| 3.5 L | +66K | — | —% | ₹— | 580 | ₹— | —% | — | -1K | 43K |
| 2.5 L | +67K | — | —% | ₹— | 590 | ₹— | —% | — | 0 | 44K |
| 29.8 L | +39K | — | —% | ₹— | 600 | ₹— | —% | — | -4K | 3.4 L |
| 31K | +7K | — | —% | ₹— | 610 | ₹— | —% | — | 0 | 9K |
| 2.3 L | -48K | — | —% | ₹— | 620 | ₹— | —% | — | 0 | 1.3 L |
| 17K | -1K | — | —% | ₹— | 630 | ₹— | —% | — | 0 | 4K |
| 1.1 L | -20K | — | —% | ₹— | 640 | ₹— | —% | — | +1K | 40K |
| 65K | -16K | — | —% | ₹— | 660 | ₹— | —% | — | — | — |
| 7K | 0 | — | —% | ₹— | 680 | ₹— | —% | — | — | — |
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 clusters tightly around the ₹520‑₹540 call corridor and the ₹480‑₹500 put corridor, indicating a market‑defined range of roughly ₹480 to ₹540 for the underlying. The concentration of OI at the ₹520, ₹540 and ₹480 strikes suggests that traders view these levels as pivotal resistance and support zones. With spot trading at ₹506.8, the current price sits near the midpoint of this implied range, reinforcing the relevance of the surrounding strikes.
OI Buildup Activity
Fresh OI adds of 2,41,325 contracts at the ₹510 call, 1,56,800 at the ₹540 call and 1,29,850 at the ₹520 call reveal a significant influx of new writers on the upside side. On the downside, the puts at ₹480, ₹500 and ₹490 have accumulated 1,88,650, 1,64,150 and 1,34,750 contracts respectively, indicating aggressive positioning of sellers in the put segment. The symmetric magnitude of the buildup across calls and puts reflects a balanced but heightened hedging activity ahead of the November expiry.
Volatility Read
The at‑the‑money implied volatility stands at 28.38%, a level that is modestly elevated relative to recent historical norms. The skew is bearish, implying that out‑of‑the‑money calls are priced higher than comparable puts, and market participants are demanding premium protection on the upside.
Key OI Levels
The highest call OI concentration resides at the ₹520 strike (260 contracts), while the highest put OI concentration is at the ₹480 strike (260 contracts).