Hitachi Energy India Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 13,000 | ₹— | 18.2% | — | — | — |
| — | — | — | —% | ₹— | 14,000 | ₹— | 16.6% | — | — | — |
| — | — | — | —% | ₹— | 15,000 | ₹— | 15.1% | — | — | — |
| — | — | — | —% | ₹2355.15 | 16,000 | ₹1401.10 | —% | — | — | — |
| — | — | — | —% | ₹1879.85 | 17,000 | ₹1910.50 | —% | — | — | — |
| — | — | — | —% | ₹1672.70 | 17,500 | ₹2195.70 | —% | — | — | — |
| — | — | — | —% | ₹1484.60 | 18,000 | ₹6.70 | —% | — | 0 | 900 |
| — | — | — | —% | ₹1314.50 | 18,500 | ₹2822.20 | —% | — | — | — |
| — | — | — | —% | ₹1161.30 | 19,000 | ₹3161.35 | —% | — | — | — |
| — | — | — | —% | ₹1023.75 | 19,500 | ₹3516.15 | —% | — | — | — |
| — | — | — | —% | ₹901.70 | 20,000 | ₹3886.40 | —% | — | — | — |
| 300 | 0 | — | —% | ₹8000.00 | 20,500 | ₹8.40 | —% | 800 | 0 | 950 |
| — | — | — | —% | ₹— | 20,750 | ₹10.00 | —% | 50 | 0 | 50 |
| 750 | +150 | 200 | —% | ₹9400.00 | 21,000 | ₹7.50 | —% | 9K | -400 | 6K |
| — | — | — | —% | ₹— | 21,250 | ₹10.00 | —% | — | 0 | 250 |
| 100 | 0 | 100 | —% | ₹8800.00 | 21,500 | ₹4.05 | —% | — | 0 | 1K |
| — | — | — | —% | ₹— | 21,750 | ₹37.10 | —% | — | 0 | 400 |
| 800 | 0 | 150 | —% | ₹8282.25 | 22,000 | ₹9.50 | —% | 650 | -150 | 4K |
| 100 | 0 | — | —% | ₹2494.00 | 22,250 | ₹— | —% | — | — | — |
| 200 | 0 | — | —% | ₹3207.00 | 22,500 | ₹10.60 | —% | 600 | -450 | 6K |
| 100 | 0 | — | —% | ₹2935.05 | 22,750 | ₹— | —% | — | — | — |
| 350 | 0 | 50 | —% | ₹7200.00 | 23,000 | ₹7.20 | 79.3% | 800 | -600 | 5K |
| — | — | — | —% | ₹— | 23,250 | ₹60.05 | 97.9% | — | 0 | 300 |
| 400 | 0 | — | —% | ₹1900.00 | 23,500 | ₹20.00 | 78.4% | — | 0 | 5K |
| — | — | — | —% | ₹— | 23,750 | ₹94.70 | 99.5% | — | 0 | 250 |
| 5K | 0 | — | —% | ₹5661.00 | 24,000 | ₹12.00 | 73.7% | 5K | -3K | 13K |
| 150 | 0 | — | —% | ₹4552.30 | 24,250 | ₹17.00 | 67.5% | — | 0 | 1K |
| 1K | 0 | — | 78.7% | ₹5250.00 | 24,500 | ₹14.95 | 68.6% | 400 | +100 | 4K |
| 2K | 0 | — | —% | ₹4763.75 | 24,750 | ₹12.55 | 64.8% | 150 | 0 | 7K |
| 9K | 0 | 100 | —% | ₹5300.00 | 25,000 | ₹17.50 | 65.3% | 10K | -2K | 23K |
| — | — | — | —% | ₹— | 25,250 | ₹102.90 | 78.6% | — | 0 | 950 |
| 8K | 0 | — | 82.7% | ₹4350.00 | 25,500 | ₹19.00 | 59.2% | 2K | -1K | 15K |
| 3K | 0 | 50 | —% | ₹4600.00 | 25,750 | ₹— | —% | — | — | — |
| 15K | +100 | 2K | 63.1% | ₹4250.00 | 26,000 | ₹18.10 | 54.2% | 14K | -1K | 29K |
| 4K | 0 | — | 71.6% | ₹3391.70 | 26,500 | ₹25.00 | 51.2% | 2K | -650 | 19K |
| 400 | 0 | — | 67.5% | ₹3143.55 | 26,750 | ₹— | —% | — | — | — |
| 13K | -50 | 350 | 36.4% | ₹3425.00 | 27,000 | ₹28.65 | 45.0% | 52K | +5K | 33K |
| 1K | -50 | 100 | —% | ₹2674.80 | 27,250 | ₹— | —% | — | — | — |
| 4K | -50 | 350 | 39.9% | ₹2955.00 | 27,500 | ₹38.70 | 42.2% | 83K | +29K | 57K |
| 13K | +850 | 4K | 38.4% | ₹2200.65 | 28,000 | ₹58.40 | 38.3% | 46K | +4K | 30K |
| 7K | -1K | 3K | 36.0% | ₹1903.25 | 28,500 | ₹90.00 | 35.4% | 60K | +18K | 47K |
| 16K | -1K | 15K | 36.5% | ₹1515.00 | 29,000 | ₹157.60 | 33.8% | 89K | +1K | 27K |
| 26K | -100 | 25K | 32.8% | ₹999.00 | 29,500 | ₹263.00 | 33.5% | 55K | -300 | 14K |
| 43K | -2K | 2.1 L | 32.9% | ₹660.15 | 30,000ATM | ₹450.95 | 31.9% | 1.2 L | +21K | 27K |
| 22K | +11K | 1.2 L | 33.6% | ₹433.60 | 30,500 | ₹6097.00 | 334.3% | — | — | — |
| 37K | +6K | 1.8 L | 33.7% | ₹265.00 | 31,000 | ₹1045.00 | 32.3% | 750 | +300 | 350 |
| 5K | +5K | 10K | 34.9% | ₹174.00 | 31,500 | ₹6918.85 | 345.9% | — | — | — |
| 27K | -2K | 1.4 L | 36.7% | ₹106.20 | 32,000 | ₹9455.55 | 478.3% | — | — | — |
| — | — | — | 2.0% | ₹— | 32,500 | ₹— | —% | — | — | — |
| 37K | +22K | 1.5 L | 41.7% | ₹53.50 | 33,000 | ₹9380.10 | 433.1% | — | — | — |
| — | — | — | 2.6% | ₹— | 33,500 | ₹— | —% | — | — | — |
| — | — | — | 3.0% | ₹— | 34,000 | ₹— | —% | — | — | — |
| — | — | — | 3.3% | ₹— | 34,500 | ₹— | —% | — | — | — |
| — | — | — | 3.6% | ₹— | 35,000 | ₹— | —% | — | — | — |
| — | — | — | 3.9% | ₹— | 35,500 | ₹— | —% | — | — | — |
| — | — | — | 4.2% | ₹— | 36,000 | ₹— | —% | — | — | — |
| — | — | — | 4.5% | ₹— | 36,500 | ₹— | —% | — | — | — |
| — | — | — | 4.8% | ₹— | 37,000 | ₹— | —% | — | — | — |
| — | — | — | 5.4% | ₹— | 38,000 | ₹— | —% | — | — | — |
| — | — | — | 6.0% | ₹— | 39,000 | ₹— | —% | — | — | — |
| — | — | — | 6.6% | ₹— | 40,000 | ₹— | —% | — | — | — |
| — | — | — | 7.1% | ₹— | 41,000 | ₹— | —% | — | — | — |
| — | — | — | 7.6% | ₹— | 42,000 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
Key Strike Levels
Immediate resistance looms at 13000, where both call and put open interest peak, creating a psychological two-way barrier. Strong put support at 27500 and 28500 suggests aggressive floor-building below the current spot. With spot trading near 30215, the implied range appears capped between 27500 and 33000, reflecting asymmetric positioning.
OI Buildup Activity
Fresh long call positions dominate at 33000 (+22,300 OI) and 30500 (+10,600), signaling bullish conviction beyond current levels. On the put side, heavy OI accumulation at 27500 (+28,600) and 30000 (+20,800) indicates strong defensive buying and potential accumulation by writers. The surge in long calls at 31000 and 30500 suggests writers are hedging against upward momentum, while deep-OTM put action reflects fear of a pullback.
Volatility Read
ATM IV at 33.5% is elevated, underpinning premium-rich options and pricing in event risk. Bullish skew—driven by call buying at strikes above spot—confirms directional bias among longs and short covering in puts.
Strategy Implication
Bias leans structurally bullish, with fresh longs and call writing above 31000 supporting upside traction.