Indian Railway Finance Corporation Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 68 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 70 | ₹— | —% | — | 0 | 49K |
| 27K | 0 | — | —% | ₹— | 72 | ₹— | —% | — | +11K | 4.2 L |
| 0 | 0 | — | —% | ₹— | 73 | ₹— | —% | — | 0 | 0 |
| 76K | 0 | — | —% | ₹— | 74 | ₹— | —% | — | -5K | 2.9 L |
| 71K | +43K | — | —% | ₹— | 75 | ₹— | —% | — | -65K | 4.6 L |
| 49K | 0 | — | —% | ₹— | 76 | ₹— | —% | — | -5K | 8.0 L |
| 0 | 0 | — | —% | ₹— | 77 | ₹— | —% | — | +16K | 3.9 L |
| 38K | +16K | — | —% | ₹— | 78 | ₹— | —% | — | 0 | 14.3 L |
| 5K | 0 | — | —% | ₹— | 79 | ₹— | —% | — | +1.1 L | 3.7 L |
| 4.8 L | +22K | — | —% | ₹— | 80 | ₹— | —% | — | -2.4 L | 72.2 L |
| 49K | 0 | — | —% | ₹— | 81 | ₹— | —% | — | +2.8 L | 9.9 L |
| 11.6 L | -1.3 L | — | —% | ₹— | 82 | ₹— | —% | — | +2.3 L | 17.0 L |
| 14.2 L | -4.2 L | — | —% | ₹— | 83 | ₹— | —% | — | +4.0 L | 13.1 L |
| 21.9 L | +54K | — | —% | ₹— | 84 | ₹— | —% | — | +1.1 L | 8.7 L |
| 56.4 L | -4.3 L | — | —% | ₹— | 85 | ₹— | —% | — | +5K | 54.5 L |
| 21.9 L | -3.0 L | — | —% | ₹— | 86 | ₹— | —% | — | -5K | 8.7 L |
| 28.3 L | -2.5 L | — | —% | ₹— | 87 | ₹— | —% | — | 0 | 7.0 L |
| 22.6 L | -3.7 L | — | —% | ₹— | 88 | ₹— | —% | — | 0 | 9.3 L |
| 39.0 L | +49K | — | —% | ₹— | 89 | ₹— | —% | — | 0 | 47.7 L |
| 1.41 Cr | -11.9 L | — | —% | ₹— | 90ATM | ₹— | —% | — | -16K | 51.2 L |
| 5.0 L | +71K | — | —% | ₹— | 91 | ₹— | —% | — | 0 | 22K |
| 8.2 L | +2.0 L | — | —% | ₹— | 92 | ₹— | —% | — | 0 | 2.2 L |
| 8.5 L | -38K | — | —% | ₹— | 93 | ₹— | —% | — | 0 | 87K |
| 0 | 0 | — | —% | ₹— | 94 | ₹— | —% | — | 0 | 16K |
| 37.5 L | +49K | — | —% | ₹— | 95 | ₹— | —% | — | 0 | 5.2 L |
| 1.7 L | 0 | — | —% | ₹— | 96 | ₹— | —% | — | 0 | 16K |
| 1.2 L | -5K | — | —% | ₹— | 97 | ₹— | —% | — | 0 | 16K |
| 22K | 0 | — | —% | ₹— | 98 | ₹— | —% | — | +5K | 22K |
| — | — | — | —% | ₹— | 99 | ₹— | —% | — | 0 | 5K |
| 32.4 L | -3.1 L | — | —% | ₹— | 100 | ₹— | —% | — | -27K | 10.8 L |
| 2.4 L | 0 | — | —% | ₹— | 102 | ₹— | —% | — | +5K | 54K |
| 2.1 L | 0 | — | —% | ₹— | 104 | ₹— | —% | — | -27K | 4.9 L |
| 23.7 L | 0 | — | —% | ₹— | 108 | ₹— | —% | — | -16K | 38.6 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 market shows a pronounced open‑interest cluster at the 100‑strike CE (32 k contracts, 44 k OI) and the 100‑strike PE (10 k contracts, 95 k OI), defining a firm resistance and support band around ₹100.
Given the spot price of ₹83.4, the implied price corridor extends from the lower‑bound PE OI at strike 81 up to the upper‑bound CE OI at strike 92, suggesting a likely trading window of roughly ₹81‑₹92 and markets may test the upper boundary if bullish momentum strengthens in the next week of trading.
The concentration of OI at these strikes also implies that market participants anticipate limited moves beyond the ₹100 threshold unless a catalyst disrupts the current balance.
OI Buildup Activity
New open‑interest adds at the 92‑strike CE (+2 k contracts, 725 OI) and 91‑strike CE (+86 k contracts, 800 OI) indicate accumulation by call writers seeking premium income near resistance.
Similarly, the PE side sees fresh builds at 83‑strike (+4 k contracts, 1 450 OI), 81‑strike (+2 k contracts, 675 OI) and 82‑strike (+2 k contracts, 850 OI), reflecting put sellers anchoring support.
Overall OI expansion on both sides points to a balanced stance with market makers reinforcing the existing resistance‑support framework.
Volatility Read
The at‑the‑money implied volatility stands at 24.48 %, indicating moderate price uncertainty for the remaining 25‑day horizon.
Implied volatility skew is neutral, suggesting comparable premium levels for calls and puts across strikes.
Key OI Levels
The highest concentration resides at the 100‑strike CE (32 k) and 100‑strike PE (10 k) contracts.