ICICI Life Insurance Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 925 | 0 | — | —% | ₹— | 340 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 350 | ₹— | —% | — | +3K | 31K |
| 0 | 0 | — | —% | ₹— | 360 | ₹— | —% | — | +6K | 19K |
| 0 | 0 | — | —% | ₹— | 365 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 370 | ₹— | —% | — | +60K | 67K |
| 0 | 0 | — | —% | ₹— | 375 | ₹— | —% | — | 0 | 0 |
| 43K | 0 | — | —% | ₹— | 380 | ₹— | —% | — | +40K | 2.8 L |
| 0 | 0 | — | —% | ₹— | 385 | ₹— | —% | — | 0 | 13K |
| 13K | +13K | — | —% | ₹— | 390 | ₹— | —% | — | -18K | 26K |
| 0 | 0 | — | —% | ₹— | 395 | ₹— | —% | — | 0 | 8K |
| 62K | +13K | — | —% | ₹— | 400 | ₹— | —% | — | +15K | 3.8 L |
| 21K | +4K | — | —% | ₹— | 405 | ₹— | —% | — | -925 | 53K |
| 2.4 L | +1.4 L | — | —% | ₹— | 410 | ₹— | —% | — | +53K | 1.5 L |
| 16K | +15K | — | —% | ₹— | 415 | ₹— | —% | — | -925 | 2.0 L |
| 4.3 L | -45K | — | —% | ₹— | 420ATM | ₹— | —% | — | 0 | 1.4 L |
| 15K | +2K | — | —% | ₹— | 425 | ₹— | —% | — | 0 | 3K |
| 4.1 L | -76K | — | —% | ₹— | 430 | ₹— | —% | — | -925 | 58K |
| 61K | +5K | — | —% | ₹— | 435 | ₹— | —% | — | 0 | 0 |
| 3.8 L | +6K | — | —% | ₹— | 440 | ₹— | —% | — | +2K | 1.3 L |
| 23K | 0 | — | —% | ₹— | 445 | ₹— | —% | — | 0 | 4K |
| 4.2 L | -52K | — | —% | ₹— | 450 | ₹— | —% | — | 0 | 1.1 L |
| 2K | 0 | — | —% | ₹— | 455 | ₹— | —% | — | 0 | 4K |
| 2.4 L | -925 | — | —% | ₹— | 460 | ₹— | —% | — | 0 | 16K |
| 26K | 0 | — | —% | ₹— | 465 | ₹— | —% | — | 0 | 925 |
| 1.1 L | -925 | — | —% | ₹— | 470 | ₹— | —% | — | 0 | 22K |
| 3K | 0 | — | —% | ₹— | 475 | ₹— | —% | — | 0 | 2K |
| 93K | 0 | — | —% | ₹— | 480 | ₹— | —% | — | 0 | 19K |
| 925 | 0 | — | —% | ₹— | 485 | ₹— | —% | — | 0 | 925 |
| 3K | 0 | — | —% | ₹— | 490 | ₹— | —% | — | 0 | 11K |
| 925 | 0 | — | —% | ₹— | 495 | ₹— | —% | — | 0 | 0 |
| 1.4 L | -6K | — | —% | ₹— | 500 | ₹— | —% | — | +2K | 89K |
| 0 | 0 | — | —% | ₹— | 505 | ₹— | —% | — | 0 | 0 |
| 2K | 0 | — | —% | ₹— | 510 | ₹— | —% | — | 0 | 3K |
| 76K | -925 | — | —% | ₹— | 520 | ₹— | —% | — | 0 | 23K |
| 48K | 0 | — | —% | ₹— | 530 | ₹— | —% | — | 0 | 1.2 L |
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) picture shows a tight concentration around the ₹400‑₹410 band for calls and the ₹370‑₹410 band for puts. The largest call OI sits at the ₹200 strike, acting as a short‑term resistance, while the biggest put OI also rests at the ₹200 strike, offering a symmetrical support level. This clustering suggests that the market expects the underlying to trade within roughly ₹380 to ₹410 over the next month.
OI Buildup Activity
Fresh call OI accumulates sharply at the ₹410 strike (+1,40,600 contracts), followed by significant additions at ₹390 (+13,875) and ₹400 (+12,950). On the put side, the most notable builds occur at the ₹370 strike (+60,125), then at ₹410 (+52,725) and ₹380 (+38,850). The surge in OI at these strikes indicates that option writers are positioning for a range‑bound expiry, reinforcing the identified support‑resistance corridor. No anomalous spikes appear outside the core band, underscoring a consensus view among market participants.
Volatility Read
The at‑the‑money implied volatility stands at 28.26%, reflecting moderate pricing of forward uncertainty. The volatility skew is bearish, meaning out‑of‑the‑money puts are priced higher relative to calls, hinting that downside protection carries a premium.
Key OI Levels
The strikes with the highest OI concentration are the ₹200 call (resistance) and the ₹200 put (support).