Indian Oil Corporation Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 115 | ₹— | —% | — | 0 | 5K |
| 29K | 0 | — | —% | ₹— | 120 | ₹— | —% | — | -20K | 11.7 L |
| 5K | 0 | — | —% | ₹— | 122.5 | ₹— | —% | — | -5K | 2.2 L |
| 78K | 0 | — | —% | ₹— | 125 | ₹— | —% | — | -1.6 L | 28.4 L |
| 24K | 0 | — | —% | ₹— | 127.5 | ₹— | —% | — | +59K | 8.0 L |
| 6.4 L | -54K | — | —% | ₹— | 130 | ₹— | —% | — | +5.0 L | 39.0 L |
| 3.6 L | -5K | — | —% | ₹— | 132.5 | ₹— | —% | — | -2.0 L | 13.5 L |
| 32.3 L | -34K | — | —% | ₹— | 135 | ₹— | —% | — | -1.4 L | 47.5 L |
| 27.6 L | -24K | — | —% | ₹— | 137.5 | ₹— | —% | — | -20K | 25.3 L |
| 84.2 L | -1.9 L | — | —% | ₹— | 140ATM | ₹— | —% | — | +10K | 48.5 L |
| 30.1 L | +44K | — | —% | ₹— | 142.5 | ₹— | —% | — | 0 | 8.2 L |
| 56.0 L | -5K | — | —% | ₹— | 145 | ₹— | —% | — | -63K | 15.1 L |
| 8.8 L | +78K | — | —% | ₹— | 147.5 | ₹— | —% | — | 0 | 1.4 L |
| 50.4 L | +2.0 L | — | —% | ₹— | 150 | ₹— | —% | — | 0 | 8.9 L |
| 5.3 L | +54K | — | —% | ₹— | 152.5 | ₹— | —% | — | 0 | 44K |
| 13.2 L | +24K | — | —% | ₹— | 155 | ₹— | —% | — | -5K | 68K |
| — | — | — | —% | ₹— | 157.5 | ₹— | —% | — | 0 | 24K |
| 20.3 L | -34K | — | —% | ₹— | 160 | ₹— | —% | — | 0 | 15.4 L |
| 9.9 L | 0 | — | —% | ₹— | 165 | ₹— | —% | — | 0 | 21.8 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 combined open interest at the 100 strike for calls and puts creates a tight resistance at ₹100 on the call side and a matching support at the same level for puts. With the spot at ₹137.6, the 100 strike lies about 27 points below, indicating modest upside expectations over the next 25 days. Call OI clusters appear at ₹147.5, ₹150 and ₹152.5, while puts show strength at ₹127.5, ₹130 and ₹140, framing a 12‑20 point corridor of interest.
OI Buildup Activity
Fresh OI adds 2,04,750 contracts to the ₹150 call, raising its total to 150 and reinforcing the upper resistance, as market makers hedge their exposure. The ₹147.5 call gains 73,125 contracts and the ₹152.5 call adds 53,625, indicating incremental positioning near upside pivots. On the put side, the ₹130 strike absorbs 5,02,125 contracts, with ₹127.5 and ₹140 taking 53,625 and 4,875 contracts respectively, reflecting defensive accumulation at support.
Volatility Read
The at‑the‑money implied volatility stands at 17.26%, a level modestly above the historical average for this expiry, indicating measured expectation of price movement. Implied volatility skew is neutral, with call and put IVs aligned, which underscores the market’s balanced outlook without pronounced bias toward upside or downside, and no significant term structure divergence is observed.
Key OI Levels
The largest open interest concentration resides at the ₹100 strike for both calls (100 contracts) and puts (100 contracts), marking it as the pivotal resistance and support level.