ICICI Lombard General Insurance Company Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 840 | ₹— | 17.8% | — | — | — |
| — | — | — | —% | ₹— | 880 | ₹— | 16.7% | — | — | — |
| — | — | — | —% | ₹— | 920 | ₹— | 15.8% | — | — | — |
| — | — | — | —% | ₹— | 960 | ₹— | 14.8% | — | — | — |
| — | — | — | —% | ₹— | 1,000 | ₹— | 13.9% | — | — | — |
| — | — | — | —% | ₹— | 1,040 | ₹— | 13.1% | — | — | — |
| — | — | — | —% | ₹— | 1,080 | ₹— | 12.2% | — | — | — |
| — | — | — | —% | ₹— | 1,120 | ₹— | 11.4% | — | — | — |
| — | — | — | —% | ₹— | 1,140 | ₹— | 11.0% | — | — | — |
| — | — | — | —% | ₹— | 1,160 | ₹— | 10.7% | — | — | — |
| — | — | — | —% | ₹— | 1,180 | ₹— | 10.3% | — | — | — |
| — | — | — | —% | ₹— | 1,200 | ₹— | 9.9% | — | — | — |
| — | — | — | —% | ₹— | 1,220 | ₹— | 9.5% | — | — | — |
| — | — | — | —% | ₹— | 1,240 | ₹— | 9.2% | — | — | — |
| — | — | — | —% | ₹— | 1,260 | ₹— | 8.8% | — | — | — |
| — | — | — | —% | ₹— | 1,280 | ₹— | 8.5% | — | — | — |
| — | — | — | —% | ₹— | 1,300 | ₹— | 8.1% | — | — | — |
| — | — | — | —% | ₹— | 1,320 | ₹— | 7.8% | — | — | — |
| — | — | — | —% | ₹— | 1,340 | ₹— | 7.5% | — | — | — |
| — | — | — | —% | ₹— | 1,360 | ₹— | 7.1% | — | — | — |
| — | — | — | —% | ₹— | 1,380 | ₹— | 6.8% | — | — | — |
| 325 | 0 | — | —% | ₹376.75 | 1,400 | ₹0.20 | 76.7% | — | 0 | 2K |
| — | — | — | —% | ₹— | 1,420 | ₹— | 6.2% | — | — | — |
| 325 | 0 | — | —% | ₹458.70 | 1,440 | ₹0.10 | 62.6% | 650 | -325 | 9K |
| — | — | — | —% | ₹— | 1,460 | ₹— | 5.6% | — | — | — |
| — | — | — | —% | ₹354.30 | 1,480 | ₹2.00 | 85.7% | — | 0 | 650 |
| 325 | +325 | — | —% | ₹301.00 | 1,500 | ₹0.35 | 64.1% | — | 0 | 9K |
| — | — | — | —% | ₹318.15 | 1,520 | ₹0.50 | 63.4% | — | 0 | 18K |
| 975 | 0 | — | 130.7% | ₹363.00 | 1,540 | ₹0.55 | 60.7% | — | 0 | 17K |
| 975 | 0 | — | 124.2% | ₹342.75 | 1,560 | ₹0.50 | 56.5% | — | 0 | 650 |
| 325 | 0 | — | —% | ₹287.35 | 1,580 | ₹0.90 | 54.3% | — | 0 | 1K |
| 325 | 0 | — | —% | ₹182.00 | 1,600 | ₹0.40 | 48.3% | — | 0 | 37K |
| — | — | — | 141.9% | ₹307.60 | 1,620 | ₹0.25 | 40.7% | 2K | 0 | 6K |
| 8K | 0 | — | —% | ₹192.60 | 1,640 | ₹0.45 | 42.4% | — | 0 | 20K |
| 2K | 0 | — | 90.3% | ₹240.30 | 1,660 | ₹0.50 | 39.6% | — | 0 | 16K |
| 5K | 0 | — | —% | ₹176.35 | 1,680 | ₹0.45 | 34.0% | 3K | +975 | 47K |
| 44K | 0 | — | 41.6% | ₹182.00 | 1,700 | ₹0.75 | 31.4% | 8K | -2K | 95K |
| 22K | 0 | — | —% | ₹153.95 | 1,720 | ₹1.20 | 29.6% | 18K | -975 | 63K |
| 45K | 0 | — | 51.9% | ₹150.40 | 1,740 | ₹1.75 | 27.9% | 3K | -975 | 54K |
| 16K | -325 | 6K | 33.0% | ₹95.75 | 1,760 | ₹3.20 | 26.9% | 21K | -2K | 77K |
| 64K | -650 | 975 | 27.7% | ₹76.50 | 1,780 | ₹4.80 | 25.8% | 34K | -6K | 1.0 L |
| 56K | -975 | 20K | 27.7% | ₹61.60 | 1,800 | ₹8.05 | 24.7% | 1.7 L | -2K | 1.6 L |
| 30K | -325 | 2K | 25.6% | ₹42.60 | 1,820 | ₹12.00 | 24.7% | 56K | +2K | 55K |
| 72K | +3K | 39K | 24.9% | ₹33.00 | 1,840 | ₹19.85 | 24.1% | 2.1 L | +12K | 72K |
| 1.4 L | +2K | 2.0 L | 24.5% | ₹23.15 | 1,860 | ₹27.85 | 23.8% | 1.3 L | -12K | 91K |
| 95K | +3K | 1.1 L | 25.4% | ₹15.00 | 1,880 | ₹41.45 | 24.4% | 46K | -6K | 49K |
| 1.6 L | -7K | 2.4 L | 25.0% | ₹9.65 | 1,900ATM | ₹59.75 | 24.8% | 11K | -5K | 89K |
| 54K | +9K | 76K | 25.5% | ₹5.30 | 1,920 | ₹64.80 | 22.2% | 975 | 0 | 5K |
| 53K | -9K | 1.0 L | 25.9% | ₹3.45 | 1,940 | ₹90.70 | 24.8% | 650 | 0 | 7K |
| 45K | -2K | 33K | 27.1% | ₹2.00 | 1,960 | ₹96.50 | 42.3% | — | 0 | 4K |
| 1.0 L | -8K | 25K | 27.2% | ₹1.20 | 1,980 | ₹115.40 | 46.3% | — | — | — |
| 2.1 L | -13K | 57K | 28.4% | ₹0.75 | 2,000 | ₹130.00 | 44.0% | — | 0 | 325 |
| 68K | -9K | 42K | 29.4% | ₹0.55 | 2,020 | ₹141.20 | 30.6% | — | — | — |
| 20K | -650 | 14K | 31.3% | ₹0.40 | 2,040 | ₹143.45 | —% | — | 0 | 650 |
| 11K | -2K | 4K | 32.9% | ₹0.50 | 2,060 | ₹176.70 | —% | — | 0 | 650 |
| 41K | -11K | 20K | 34.8% | ₹0.45 | 2,080 | ₹184.35 | —% | — | 0 | 650 |
| — | — | — | 90.2% | ₹27.95 | 2,100 | ₹312.60 | 161.1% | — | 0 | 975 |
| 325 | +325 | — | 36.0% | ₹0.35 | 2,120 | ₹331.70 | 165.6% | — | 0 | 975 |
| — | — | — | 89.2% | ₹20.85 | 2,140 | ₹282.90 | 45.3% | 325 | 0 | 650 |
| 325 | 0 | — | 40.0% | ₹0.30 | 2,160 | ₹290.40 | 77.5% | — | 0 | 650 |
| — | — | — | 3.3% | ₹— | 2,180 | ₹— | —% | — | — | — |
| — | — | — | 85.5% | ₹11.80 | 2,200 | ₹442.50 | —% | — | 0 | 975 |
| — | — | — | 3.7% | ₹— | 2,220 | ₹— | —% | — | — | — |
| — | — | — | 86.2% | ₹8.95 | 2,240 | ₹482.15 | —% | — | 0 | 975 |
| — | — | — | 4.1% | ₹— | 2,260 | ₹— | —% | — | — | — |
| — | — | — | 4.3% | ₹— | 2,280 | ₹— | —% | — | — | — |
| — | — | — | 4.4% | ₹— | 2,300 | ₹— | —% | — | — | — |
| — | — | — | 4.6% | ₹— | 2,320 | ₹— | —% | — | — | — |
| — | — | — | 4.8% | ₹— | 2,340 | ₹— | —% | — | — | — |
| — | — | — | 5.0% | ₹— | 2,360 | ₹— | —% | — | — | — |
| — | — | — | 5.2% | ₹— | 2,380 | ₹— | —% | — | — | — |
| — | — | — | 5.4% | ₹— | 2,400 | ₹— | —% | — | — | — |
| — | — | — | 5.6% | ₹— | 2,420 | ₹— | —% | — | — | — |
| — | — | — | 5.7% | ₹— | 2,440 | ₹— | —% | — | — | — |
| — | — | — | 6.1% | ₹— | 2,480 | ₹— | —% | — | — | — |
| — | — | — | 6.5% | ₹— | 2,520 | ₹— | —% | — | — | — |
| — | — | — | 6.8% | ₹— | 2,560 | ₹— | —% | — | — | — |
| — | — | — | 7.1% | ₹— | 2,600 | ₹— | —% | — | — | — |
| — | — | — | 7.5% | ₹— | 2,640 | ₹— | —% | — | — | — |
| — | — | — | 7.8% | ₹— | 2,680 | ₹— | —% | — | — | — |
| — | — | — | 8.1% | ₹— | 2,720 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
Key Strike Levels
Strong support forms at ₹1840, backed by massive put OI buildup, with additional floor at ₹1800. Immediate resistance lines up at ₹1920, where call writers have concentrated fresh positions. The implied range centers on ₹1840–₹1920, with both strikes acting as magnet zones for price action ahead of expiry.
OI Buildup Activity
Fresh long calls emerge at ₹1920, ₹1880, and ₹1840, signaling aggressive call writing as writers test upside momentum. On the put side, substantial OI addition at ₹1840 (+11,375) reflects defensive positioning and support anchoring, likely from institutions or hedged longs. The symmetric buildup at ₹1840 on both call and put sides suggests a potential trap zone where writers may force range-bound movement.
Volatility Read
ATM volatility holds at 25.41% with neutral skew, indicating balanced fear/greed and no panic in the options market. Absence of skew suggests no directional bias from volatility traders, supporting a range-bound or grinding price trajectory.
Strategy Implication
Bias favors range-bound action with writer dominance at ₹1840 and ₹1920, leading to elevated gamma risk near edges.