ICICI Prudential Life Insurance Company Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 230 | ₹— | 19.6% | — | — | — |
| — | — | — | —% | ₹— | 240 | ₹— | 18.6% | — | — | — |
| — | — | — | —% | ₹— | 250 | ₹— | 17.7% | — | — | — |
| — | — | — | —% | ₹— | 260 | ₹— | 16.9% | — | — | — |
| — | — | — | —% | ₹— | 270 | ₹— | 16.1% | — | — | — |
| — | — | — | —% | ₹— | 280 | ₹— | 15.3% | — | — | — |
| — | — | — | —% | ₹— | 290 | ₹— | 14.5% | — | — | — |
| — | — | — | —% | ₹— | 300 | ₹— | 13.7% | — | — | — |
| — | — | — | —% | ₹— | 310 | ₹— | 13.0% | — | — | — |
| — | — | — | —% | ₹— | 320 | ₹— | 12.3% | — | — | — |
| — | — | — | —% | ₹— | 325 | ₹— | 11.9% | — | — | — |
| — | — | — | —% | ₹— | 330 | ₹— | 11.6% | — | — | — |
| — | — | — | —% | ₹— | 335 | ₹— | 11.3% | — | — | — |
| — | — | — | —% | ₹— | 340 | ₹— | 11.0% | — | — | — |
| — | — | — | —% | ₹— | 345 | ₹— | 10.6% | — | — | — |
| — | — | — | —% | ₹— | 350 | ₹— | 10.3% | — | — | — |
| — | — | — | —% | ₹— | 355 | ₹— | 10.0% | — | — | — |
| — | — | — | —% | ₹— | 360 | ₹— | 9.7% | — | — | — |
| — | — | — | —% | ₹— | 365 | ₹— | 9.4% | — | — | — |
| — | — | — | —% | ₹— | 370 | ₹— | 9.1% | — | — | — |
| — | — | — | —% | ₹— | 375 | ₹— | 8.8% | — | — | — |
| — | — | — | —% | ₹— | 380 | ₹— | 8.5% | — | — | — |
| — | — | — | —% | ₹— | 385 | ₹— | 8.2% | — | — | — |
| — | — | — | —% | ₹— | 390 | ₹— | 7.9% | — | — | — |
| — | — | — | —% | ₹— | 395 | ₹— | 7.7% | — | — | — |
| — | — | — | —% | ₹— | 400 | ₹— | 7.4% | — | — | — |
| — | — | — | —% | ₹— | 405 | ₹— | 7.1% | — | — | — |
| — | — | — | —% | ₹256.10 | 410 | ₹0.05 | —% | — | — | — |
| — | — | — | —% | ₹— | 415 | ₹— | 6.6% | — | — | — |
| — | — | — | —% | ₹230.30 | 420 | ₹0.10 | 78.8% | — | 0 | 29K |
| — | — | — | —% | ₹— | 425 | ₹— | 6.0% | — | — | — |
| — | — | — | —% | ₹236.35 | 430 | ₹0.05 | 67.7% | — | 0 | 43K |
| — | — | — | —% | ₹— | 435 | ₹— | 5.5% | — | — | — |
| — | — | — | —% | ₹210.65 | 440 | ₹0.20 | 73.2% | — | +925 | 925 |
| — | — | — | —% | ₹185.30 | 445 | ₹0.05 | 59.6% | — | — | — |
| — | — | — | —% | ₹182.20 | 450 | ₹0.20 | 61.3% | 6K | -2K | 33K |
| — | — | — | —% | ₹175.40 | 455 | ₹0.05 | 54.3% | — | — | — |
| — | — | — | —% | ₹191.00 | 460 | ₹0.10 | 51.1% | 6K | -4K | 26K |
| — | — | — | —% | ₹165.50 | 465 | ₹0.05 | 49.1% | — | — | — |
| 925 | 0 | — | —% | ₹87.70 | 470 | ₹0.15 | 53.0% | — | 0 | 62K |
| 925 | 0 | — | —% | ₹81.30 | 475 | ₹0.20 | 49.0% | 925 | 0 | 55K |
| 5K | 0 | — | 83.4% | ₹81.85 | 480 | ₹0.25 | 50.8% | — | 0 | 50K |
| — | — | — | —% | ₹174.70 | 485 | ₹2.95 | 79.0% | — | 0 | 11K |
| — | — | — | 421.8% | ₹161.75 | 490 | ₹0.50 | 42.4% | 25K | +925 | 84K |
| — | — | — | —% | ₹172.15 | 495 | ₹0.55 | 41.6% | 32K | +14K | 54K |
| 80K | 0 | — | 70.2% | ₹62.50 | 500 | ₹0.50 | 39.4% | 56K | -8K | 3.6 L |
| 78K | 0 | — | —% | ₹48.00 | 505 | ₹0.55 | 41.3% | — | 0 | 56K |
| 76K | -10K | 33K | 41.9% | ₹40.15 | 510 | ₹0.80 | 36.7% | 1.0 L | -19K | 1.7 L |
| 4K | 0 | — | —% | ₹34.80 | 515 | ₹1.00 | 34.8% | 1.0 L | +26K | 1.1 L |
| 1.1 L | 0 | 3K | 34.2% | ₹30.70 | 520 | ₹1.40 | 33.9% | 3.9 L | -28K | 2.5 L |
| 7K | 0 | 33K | 31.4% | ₹26.15 | 525 | ₹2.00 | 32.9% | 1.9 L | +11K | 1.2 L |
| 95K | +6K | 1.3 L | 34.2% | ₹23.15 | 530 | ₹2.75 | 32.0% | 4.5 L | -30K | 2.5 L |
| 52K | +12K | 1.4 L | 29.8% | ₹19.30 | 535 | ₹3.60 | 31.6% | 3.3 L | -6K | 1.4 L |
| 1.1 L | +23K | 5.1 L | 32.1% | ₹16.60 | 540 | ₹4.80 | 30.6% | 25.0 L | +2.0 L | 4.6 L |
| 81K | +29K | 8.1 L | 31.3% | ₹13.20 | 545 | ₹6.60 | 30.6% | 7.4 L | +79K | 1.9 L |
| 4.3 L | +91K | 17.6 L | 31.7% | ₹10.50 | 550ATM | ₹8.70 | 30.2% | 8.9 L | -10K | 7.2 L |
| 1.8 L | +80K | 5.2 L | 31.7% | ₹8.20 | 555 | ₹11.30 | 30.1% | 2.6 L | -27K | 1.6 L |
| 7.2 L | +1.7 L | 14.1 L | 31.4% | ₹6.20 | 560 | ₹14.55 | 30.9% | 3.8 L | -38K | 2.5 L |
| 3.6 L | +1.2 L | 5.3 L | 31.8% | ₹4.65 | 565 | ₹20.15 | 33.3% | 66K | -5K | 1.0 L |
| 7.2 L | +11K | 12.3 L | 32.7% | ₹3.60 | 570 | ₹22.60 | 32.0% | 70K | -19K | 2.2 L |
| 1.1 L | -2K | 1.2 L | 32.8% | ₹2.45 | 575 | ₹20.55 | 14.3% | — | 0 | 90K |
| 6.7 L | -97K | 9.3 L | 33.4% | ₹1.95 | 580 | ₹32.10 | 31.0% | 14K | -925 | 1.2 L |
| 1.2 L | -10K | 1.2 L | 33.7% | ₹1.30 | 585 | ₹37.10 | 35.4% | 3K | 0 | 49K |
| 4.0 L | -28K | 2.8 L | 34.4% | ₹1.00 | 590 | ₹10.25 | —% | — | — | — |
| 63K | -6K | 53K | 34.9% | ₹0.70 | 595 | ₹38.50 | 41.6% | — | 0 | 37K |
| 11.1 L | +18K | 4.8 L | 37.2% | ₹0.65 | 600 | ₹58.00 | 48.4% | 10K | -925 | 39K |
| 2.4 L | -4K | 31K | 36.6% | ₹0.40 | 605 | ₹45.30 | —% | — | 0 | 16K |
| 1.8 L | -21K | 50K | 39.3% | ₹0.35 | 610 | ₹17.25 | —% | — | 0 | 10K |
| — | — | — | 261.8% | ₹62.10 | 615 | ₹67.75 | 51.8% | 4K | +925 | 925 |
| 3.7 L | -6K | 41K | 41.8% | ₹0.30 | 620 | ₹64.60 | 65.5% | — | 0 | 8K |
| 81K | +925 | 52K | 44.8% | ₹0.25 | 625 | ₹11.25 | —% | — | — | — |
| 99K | -2K | 4K | 42.4% | ₹0.15 | 630 | ₹69.00 | —% | — | 0 | 925 |
| 6K | 0 | — | 106.2% | ₹10.20 | 635 | ₹87.60 | 61.4% | 3K | — | — |
| 28K | 0 | — | 43.5% | ₹0.20 | 640 | ₹90.00 | 105.7% | — | 0 | 2K |
| 6K | 0 | 3K | 46.7% | ₹0.10 | 645 | ₹17.85 | —% | — | — | — |
| 65K | 0 | — | 45.9% | ₹0.15 | 650 | ₹104.95 | 133.7% | — | 0 | 4K |
| 6K | 0 | — | 55.1% | ₹0.30 | 655 | ₹21.95 | —% | — | — | — |
| 4K | 0 | — | 43.9% | ₹0.05 | 660 | ₹37.40 | —% | — | — | — |
| 7K | 0 | — | 45.7% | ₹0.05 | 665 | ₹26.60 | —% | — | — | — |
| 5K | 0 | — | 109.1% | ₹5.85 | 670 | ₹43.05 | —% | — | — | — |
| 3K | 0 | — | 89.3% | ₹2.45 | 675 | ₹31.80 | —% | — | — | — |
| 1.9 L | 0 | — | 54.8% | ₹0.10 | 680 | ₹125.00 | 105.6% | — | +925 | 925 |
| — | — | — | —% | ₹21.80 | 685 | ₹37.55 | —% | — | — | — |
| — | — | — | —% | ₹20.10 | 690 | ₹55.70 | —% | — | — | — |
| — | — | — | —% | ₹18.15 | 695 | ₹43.80 | —% | — | — | — |
| — | — | — | —% | ₹17.15 | 700 | ₹62.60 | —% | — | — | — |
| — | — | — | 5.1% | ₹— | 705 | ₹— | —% | — | — | — |
| 7K | 0 | — | —% | ₹4.50 | 710 | ₹69.85 | —% | — | — | — |
| 6K | 0 | — | —% | ₹12.70 | 715 | ₹— | —% | — | — | — |
| — | — | — | —% | ₹12.35 | 720 | ₹77.45 | —% | — | — | — |
| — | — | — | 5.7% | ₹— | 725 | ₹— | —% | — | — | — |
| — | — | — | —% | ₹10.35 | 730 | ₹85.30 | —% | — | — | — |
| — | — | — | 6.0% | ₹— | 735 | ₹— | —% | — | — | — |
| — | — | — | —% | ₹8.65 | 740 | ₹93.45 | —% | — | — | — |
| — | — | — | —% | ₹7.20 | 750 | ₹101.85 | —% | — | — | — |
| 2K | 0 | — | —% | ₹6.00 | 760 | ₹110.50 | —% | — | — | — |
| 7K | 0 | — | —% | ₹0.10 | 770 | ₹119.30 | —% | — | — | — |
| — | — | — | 7.3% | ₹— | 780 | ₹— | —% | — | — | — |
| — | — | — | 7.6% | ₹— | 790 | ₹— | —% | — | — | — |
| — | — | — | 7.9% | ₹— | 800 | ₹— | —% | — | — | — |
| — | — | — | 8.2% | ₹— | 810 | ₹— | —% | — | — | — |
| — | — | — | 8.4% | ₹— | 820 | ₹— | —% | — | — | — |
| — | — | — | 8.7% | ₹— | 830 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
Key Strike Levels
Support rests at ₹230, with the highest put open interest establishing a strong floor. Resistance caps at ₹230, mirrored by peak call OI at the same strike, creating a tight two-way barrier. The implied range remains compressed between ₹540 and ₹565, with OI concentrations suggesting accumulation near current spot.
OI Buildup Activity
Fresh longs emerge in 560 and 565 CE, where writers add substantial short positions—signaling aggressive call writing above spot. Put writers respond at 540 and 545, absorbing downside bets with strong OI buildup, indicating confidence in near-term floor. Notably, longs extend downside protection at 515 PE, but the core defensive action clusters between 540–545.
Volatility Read
ATM IV stands at 30.86%, elevated but stable, reflecting premium richness in both calls and puts. The bearish skew reveals higher put demand relative to calls, suggesting hedging bias dominates despite spot resilience.
Strategy Implication
Bias leans moderately bearish with strong two-way defensive structure—writers dominate at highs while longs brace at 540.