Indian Railway Finance Corporation Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 50 | ₹— | 16.0% | — | — | — |
| — | — | — | —% | ₹— | 52 | ₹— | 15.1% | — | — | — |
| — | — | — | —% | ₹— | 54 | ₹— | 14.3% | — | — | — |
| — | — | — | —% | ₹— | 56 | ₹— | 13.5% | — | — | — |
| — | — | — | —% | ₹— | 58 | ₹— | 12.7% | — | — | — |
| — | — | — | —% | ₹— | 60 | ₹— | 12.0% | — | — | — |
| — | — | — | —% | ₹— | 62 | ₹— | 11.2% | — | — | — |
| — | — | — | —% | ₹— | 63 | ₹— | 10.9% | — | — | — |
| — | — | — | —% | ₹— | 64 | ₹— | 10.5% | — | — | — |
| — | — | — | —% | ₹— | 65 | ₹— | 10.2% | — | — | — |
| — | — | — | —% | ₹— | 66 | ₹— | 9.9% | — | — | — |
| — | — | — | —% | ₹— | 67 | ₹— | 9.5% | — | — | — |
| — | — | — | —% | ₹— | 68 | ₹— | 9.2% | — | — | — |
| — | — | — | —% | ₹— | 69 | ₹— | 8.9% | — | — | — |
| — | — | — | —% | ₹— | 70 | ₹— | 8.6% | — | — | — |
| — | — | — | —% | ₹— | 71 | ₹— | 8.3% | — | — | — |
| — | — | — | —% | ₹— | 72 | ₹— | 7.9% | — | — | — |
| — | — | — | —% | ₹— | 73 | ₹— | 7.6% | — | — | — |
| — | — | — | —% | ₹36.35 | 74 | ₹0.02 | —% | 38K | -21K | 5.5 L |
| — | — | — | —% | ₹30.56 | 75 | ₹0.15 | —% | — | — | — |
| — | — | — | —% | ₹39.96 | 76 | ₹0.18 | —% | — | — | — |
| — | — | — | —% | ₹33.44 | 77 | ₹0.12 | —% | — | — | — |
| — | — | — | —% | ₹36.95 | 78 | ₹0.03 | —% | 4K | 0 | 2.1 L |
| — | — | — | —% | ₹31.52 | 79 | ₹0.03 | —% | 4K | 0 | 72K |
| 51K | 0 | — | —% | ₹19.00 | 80 | ₹0.05 | —% | 85K | -43K | 10.4 L |
| — | — | — | —% | ₹29.62 | 81 | ₹0.24 | 99.7% | — | 0 | 26K |
| 9K | 0 | — | —% | ₹10.14 | 82 | ₹0.05 | 76.0% | 43K | 0 | 4.7 L |
| — | — | — | —% | ₹27.75 | 83 | ₹0.15 | 83.5% | — | 0 | 26K |
| — | — | — | —% | ₹32.50 | 84 | ₹0.09 | 75.0% | 13K | -4K | 2.5 L |
| 4.6 L | 0 | — | —% | ₹21.96 | 85 | ₹0.08 | 71.2% | 89K | -47K | 28.7 L |
| — | — | — | —% | ₹30.71 | 86 | ₹0.12 | 71.3% | 4K | 0 | 1.3 L |
| — | — | — | —% | ₹24.12 | 87 | ₹0.16 | 69.0% | — | 0 | 1.6 L |
| 3.9 L | 0 | — | —% | ₹10.96 | 88 | ₹0.19 | 67.5% | — | 0 | 4.5 L |
| 2.0 L | 0 | — | —% | ₹9.48 | 89 | ₹0.13 | 61.9% | 38K | 0 | 4.3 L |
| 12.3 L | 0 | — | 89.3% | ₹14.10 | 90 | ₹0.14 | 59.5% | 1.9 L | +55K | 29.2 L |
| 11.1 L | 0 | — | 115.4% | ₹14.26 | 91 | ₹0.27 | 60.3% | — | 0 | 4.1 L |
| 4.9 L | 0 | — | 56.3% | ₹11.48 | 92 | ₹0.20 | 56.0% | 1.1 L | -21K | 8.4 L |
| 5.1 L | +4K | 9K | 58.0% | ₹11.40 | 93 | ₹0.19 | 51.4% | 3.5 L | +2.4 L | 7.1 L |
| 4.5 L | 0 | — | 58.1% | ₹9.75 | 94 | ₹0.22 | 48.2% | 2.3 L | -13K | 7.7 L |
| 16.7 L | 0 | 4K | 34.5% | ₹9.00 | 95 | ₹0.24 | 46.3% | 1.8 L | -26K | 21.9 L |
| 5.3 L | -26K | 47K | 43.8% | ₹8.16 | 96 | ₹0.29 | 44.1% | 77K | +4K | 7.0 L |
| 4.2 L | -4K | 13K | 34.0% | ₹6.85 | 97 | ₹0.35 | 42.3% | 1.6 L | -26K | 5.3 L |
| 6.0 L | 0 | — | 72.8% | ₹7.30 | 98 | ₹0.44 | 41.0% | 1.9 L | -38K | 6.6 L |
| 4.0 L | 0 | — | 33.3% | ₹4.73 | 99 | ₹0.56 | 39.0% | 94K | -30K | 4.9 L |
| 22.7 L | -9K | 2.3 L | 41.4% | ₹4.95 | 100 | ₹0.68 | 37.3% | 8.3 L | -1.4 L | 16.6 L |
| 5.0 L | 0 | 4K | 38.4% | ₹4.07 | 101 | ₹0.94 | 36.7% | 2.6 L | 0 | 5.4 L |
| 8.3 L | -64K | 2.2 L | 37.4% | ₹3.41 | 102 | ₹1.17 | 35.4% | 4.1 L | +55K | 5.7 L |
| 5.4 L | -77K | 6.2 L | 37.5% | ₹2.78 | 103 | ₹1.55 | 35.1% | 8.0 L | +1.7 L | 5.3 L |
| 15.5 L | -1.0 L | 14.8 L | 36.5% | ₹2.22 | 104 | ₹1.96 | 34.3% | 2.0 L | +43K | 4.8 L |
| 30.3 L | -64K | 31.3 L | 36.3% | ₹1.75 | 105 | ₹2.51 | 33.5% | 2.7 L | -64K | 9.9 L |
| 7.1 L | -85K | 4.0 L | 36.6% | ₹1.37 | 106 | ₹3.06 | 34.6% | 4K | 0 | 2.5 L |
| 9.2 L | -98K | 6.5 L | 36.5% | ₹1.04 | 107 | ₹9.05 | 120.1% | — | 0 | 4K |
| 9.7 L | -77K | 4.5 L | 37.2% | ₹0.83 | 108 | ₹4.67 | 35.4% | 9K | -4K | 64K |
| 4.5 L | +81K | 1.7 L | 38.1% | ₹0.62 | 109 | ₹6.89 | 53.3% | — | 0 | 26K |
| 70.5 L | +3.1 L | 24.4 L | 38.4% | ₹0.47 | 110ATM | ₹6.23 | 33.7% | 2.6 L | -1.2 L | 12.4 L |
| 4.0 L | +17K | 94K | 39.1% | ₹0.36 | 111 | ₹9.30 | 71.6% | — | 0 | 13K |
| 6.5 L | -17K | 1.6 L | 40.3% | ₹0.29 | 112 | ₹9.30 | 51.8% | — | 0 | 21K |
| 4.3 L | -26K | 43K | 41.6% | ₹0.22 | 113 | ₹8.70 | —% | — | 0 | 17K |
| 5.2 L | -26K | 98K | 42.8% | ₹0.19 | 114 | ₹10.02 | 40.9% | 47K | -9K | 64K |
| 15.0 L | -1.5 L | 3.3 L | 44.7% | ₹0.17 | 115 | ₹11.14 | 42.0% | 1.3 L | -4K | 1.7 L |
| 68K | -60K | 1.5 L | 45.1% | ₹0.12 | 116 | ₹12.00 | 46.9% | 13K | +9K | 21K |
| — | — | — | 170.7% | ₹5.20 | 117 | ₹11.43 | —% | — | — | — |
| 36.9 L | +68K | 1.5 L | 50.1% | ₹0.12 | 118 | ₹17.10 | 119.9% | — | 0 | 26K |
| — | — | — | 168.1% | ₹4.56 | 119 | ₹12.76 | —% | — | — | — |
| 23.9 L | -7.2 L | 19.8 L | 49.5% | ₹0.06 | 120 | ₹15.90 | 30.1% | 38K | -34K | 5.4 L |
| — | — | — | 3.5% | ₹— | 121 | ₹— | —% | — | — | — |
| — | — | — | 237.1% | ₹7.58 | 122 | ₹13.11 | —% | — | — | — |
| — | — | — | 3.9% | ₹— | 123 | ₹— | —% | — | — | — |
| — | — | — | —% | ₹6.88 | 124 | ₹14.37 | —% | — | — | — |
| — | — | — | 4.2% | ₹— | 125 | ₹— | —% | — | — | — |
| — | — | — | —% | ₹6.23 | 126 | ₹15.69 | —% | — | — | — |
| — | — | — | 4.6% | ₹— | 127 | ₹— | —% | — | — | — |
| — | — | — | —% | ₹5.63 | 128 | ₹17.06 | —% | — | — | — |
| — | — | — | 4.9% | ₹— | 129 | ₹— | —% | — | — | — |
| — | — | — | —% | ₹5.08 | 130 | ₹25.30 | —% | — | 0 | 19.6 L |
| — | — | — | 5.3% | ₹— | 131 | ₹— | —% | — | — | — |
| — | — | — | —% | ₹4.58 | 132 | ₹19.95 | —% | — | — | — |
| — | — | — | 5.6% | ₹— | 133 | ₹— | —% | — | — | — |
| — | — | — | 5.8% | ₹— | 134 | ₹— | —% | — | — | — |
| — | — | — | 5.9% | ₹— | 135 | ₹— | —% | — | — | — |
| — | — | — | 6.1% | ₹— | 136 | ₹— | —% | — | — | — |
| — | — | — | 6.4% | ₹— | 138 | ₹— | —% | — | — | — |
| — | — | — | 6.7% | ₹— | 140 | ₹— | —% | — | — | — |
| — | — | — | 7.0% | ₹— | 142 | ₹— | —% | — | — | — |
| — | — | — | 7.3% | ₹— | 144 | ₹— | —% | — | — | — |
| — | — | — | 7.6% | ₹— | 146 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
Key Strike Levels
Resistance holds firm at ₹110, where call options show the highest open interest (70.42 lakh), indicating strong seller presence. Immediate support forms at ₹103–₹102, with notable put open interest buildup, backed by secondary support at ₹93. The implied range, bounded by the peak OI strikes, suggests a near-term trading corridor between ₹93 and ₹110.
OI Buildup Activity
Fresh longs in calls are aggressively building at ₹110, ₹109, and ₹118, signaling traders anticipate upside breakout momentum. The surge in call OI at ₹110 reflects strong writer activity, likely from covered or short call positions anticipating resistance holds. On the put side, fresh OI additions at ₹93, ₹103, and ₹102 indicate defensive long-put positioning, with writers possibly testing downside reversals near ATM levels.
Volatility Read
ATM implied volatility at 36.48% reflects elevated near-term premium demand, supporting long-option strategies. A bearish skew confirms greater put demand at lower strikes, suggesting traders hedge or position for downside risks.
Strategy Implication
Bias leans short premium near ₹110 with directional longs favoring upside breaks, while downside protection builds below ₹103.