Hitachi Energy India Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 350 | 0 | — | —% | ₹— | 26,000 | ₹— | —% | — | +225 | 2K |
| 200 | 0 | — | —% | ₹— | 27,000 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 28,000 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 28,500 | ₹— | —% | — | 0 | 0 |
| 225 | +25 | — | —% | ₹— | 29,000 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 29,500 | ₹— | —% | — | +25 | 25 |
| 1K | +475 | — | —% | ₹— | 30,000 | ₹— | —% | — | +12K | 72K |
| 0 | 0 | — | —% | ₹— | 30,500 | ₹— | —% | — | 0 | 0 |
| 2K | +800 | — | —% | ₹— | 31,000 | ₹— | —% | — | +275 | 34K |
| 4K | +4K | — | —% | ₹— | 31,500 | ₹— | —% | — | +4K | 6K |
| 28K | +15K | — | —% | ₹— | 32,000 | ₹— | —% | — | +4K | 25K |
| 24K | +10K | — | —% | ₹— | 32,500 | ₹— | —% | — | +200 | 7K |
| 45K | +3K | — | —% | ₹— | 33,000 | ₹— | —% | — | -850 | 30K |
| 25K | +3K | — | —% | ₹— | 33,500 | ₹— | —% | — | -50 | 11K |
| 59K | +9K | — | —% | ₹— | 34,000ATM | ₹— | —% | — | +275 | 16K |
| 17K | +25 | — | —% | ₹— | 34,500 | ₹— | —% | — | +50 | 3K |
| 63K | +8K | — | —% | ₹— | 35,000 | ₹— | —% | — | +50 | 11K |
| 9K | +75 | — | —% | ₹— | 35,500 | ₹— | —% | — | 0 | 325 |
| 59K | +3K | — | —% | ₹— | 36,000 | ₹— | —% | — | -50 | 3K |
| 6K | +775 | — | —% | ₹— | 36,500 | ₹— | —% | — | 0 | 25 |
| 27K | +12K | — | —% | ₹— | 37,000 | ₹— | —% | — | 0 | 325 |
| 0 | 0 | — | —% | ₹— | 37,500 | ₹— | —% | — | 0 | 0 |
| 23K | -2K | — | —% | ₹— | 38,000 | ₹— | —% | — | 0 | 500 |
| 525 | 0 | — | —% | ₹— | 38,500 | ₹— | —% | — | — | — |
| 13K | -125 | — | —% | ₹— | 39,000 | ₹— | —% | — | 0 | 275 |
| 15K | +2K | — | —% | ₹— | 40,000 | ₹— | —% | — | 0 | 50 |
| 950 | 0 | — | —% | ₹— | 41,000 | ₹— | —% | — | — | — |
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) stack is heavily concentrated at the 32,000 and 17,000 points levels for both calls and puts, suggesting a tight pricing corridor around the current spot of 31,650. The 32,000 call strike, with an OI of 17,000 contracts, acts as a near‑term resistance, while the 17,000 put strike, also at 17,000 contracts, forms a strong support zone. Given the ATM implied volatility, the market is pricing the underlying within a roughly ± 3,000‑point band to expiry, with the bulk of speculative interest clustered between 30,000 and 37,000 for calls and 15,000‑30,000 for puts.
OI Buildup Activity
During the latest trading session, fresh open‑interest added to the 32,000 call strike (+14,750 contracts), signalling that market makers are accumulating short‑call positions at the resistance level. Similarly, the 30,000 put strike attracted an influx of +12,150 contracts, indicating that fresh short‑put exposure is being built near the support zone. Additional builds are evident at the 37,000 call (+12,525), 32,500 call (+10,100), 32,000 put (+4,000), and 31,500 put (+3,650) strikes, reflecting ongoing hedging activity as expiry approaches.
Volatility Read
The at‑the‑money implied volatility stands at 32.57%, reflecting moderate price uncertainty for the September‑29 expiry. The volatility skew is bearish, with out‑of‑the‑money puts priced relatively cheaper than calls, implying a market bias toward downward pressure.
Key OI Levels
The highest call OI resides at the 32,000 strike (17,000 contracts) and the highest put OI at the 17,000 strike (17,000 contracts).