Indian Railway Finance Corporation Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 22K | 0 | — | —% | ₹— | 62 | ₹— | —% | — | +1.2 L | 2.8 L |
| 0 | 0 | — | —% | ₹— | 64 | ₹— | —% | — | +1.7 L | 4.5 L |
| 0 | 0 | — | —% | ₹— | 66 | ₹— | —% | — | +2.2 L | 13.6 L |
| 0 | 0 | — | —% | ₹— | 67 | ₹— | —% | — | +43K | 2.6 L |
| 0 | 0 | — | —% | ₹— | 68 | ₹— | —% | — | +4.3 L | 10.3 L |
| 0 | 0 | — | —% | ₹— | 69 | ₹— | —% | — | +3.3 L | 4.7 L |
| 1.4 L | 0 | — | —% | ₹— | 70 | ₹— | —% | — | +3.0 L | 48.2 L |
| 0 | 0 | — | —% | ₹— | 71 | ₹— | —% | — | +1.8 L | 4.4 L |
| 5K | -5K | — | —% | ₹— | 72 | ₹— | —% | — | +3.9 L | 10.8 L |
| 3.0 L | +1.6 L | — | —% | ₹— | 73 | ₹— | —% | — | +7.5 L | 13.0 L |
| 10.8 L | +1.5 L | — | —% | ₹— | 74 | ₹— | —% | — | +10.4 L | 18.2 L |
| 55.2 L | +20.6 L | — | —% | ₹— | 75 | ₹— | —% | — | +23.1 L | 72.4 L |
| 10.9 L | +3.6 L | — | —% | ₹— | 76 | ₹— | —% | — | +3.7 L | 7.6 L |
| 9.1 L | +3.7 L | — | —% | ₹— | 77 | ₹— | —% | — | 0 | 1.8 L |
| 27.7 L | +13.0 L | — | —% | ₹— | 78 | ₹— | —% | — | +3.4 L | 9.2 L |
| 7.4 L | +4.4 L | — | —% | ₹— | 79 | ₹— | —% | — | 0 | 27K |
| 87.8 L | +19.4 L | — | —% | ₹— | 80 | ₹— | —% | — | +5K | 25.9 L |
| 13.5 L | +9.7 L | — | —% | ₹— | 81 | ₹— | —% | — | 0 | 92K |
| 1.74 Cr | +1.58 Cr | — | —% | ₹— | 82ATM | ₹— | —% | — | +22K | 1.8 L |
| 9.2 L | +8.5 L | — | —% | ₹— | 83 | ₹— | —% | — | 0 | 71K |
| 6.6 L | -92K | — | —% | ₹— | 84 | ₹— | —% | — | 0 | 1.4 L |
| 62.3 L | +37.6 L | — | —% | ₹— | 85 | ₹— | —% | — | -16K | 5.8 L |
| 6.2 L | +4.7 L | — | —% | ₹— | 86 | ₹— | —% | — | 0 | 5K |
| 1.4 L | +1.1 L | — | —% | ₹— | 87 | ₹— | —% | — | 0 | 22K |
| 15.1 L | +9.3 L | — | —% | ₹— | 88 | ₹— | —% | — | +33K | 1.8 L |
| 50.0 L | +24.8 L | — | —% | ₹— | 90 | ₹— | —% | — | -16K | 8.5 L |
| 5.6 L | +3.4 L | — | —% | ₹— | 92 | ₹— | —% | — | 0 | 1.1 L |
| 25.2 L | +43K | — | —% | ₹— | 100 | ₹— | —% | — | -38K | 46.3 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 call side shows a pronounced open‑interest concentration at the 100‑strike with 25,22,625 contracts, acting as a resistance zone during the last trading session. On the put side the 75‑strike gathers the largest open interest of 72,31,525 contracts, providing a support cushion through recent market turbulence. The implied price corridor, derived from the OI peaks, lies roughly between ₹73 and ₹87, framing the immediate market expectation and pointing to constrained upside momentum as investors watch earnings for cues.
OI Buildup Activity
Fresh call open‑interest adds are evident at the 82‑strike (+1,58,08,450), 85‑strike (+37,64,950) and 90‑strike (+22,89,350), indicating new writer interest above the current spot and signaling a cautious bullish stance as traders anticipate a potential rally. On the put side, notable additions appear at the 75‑strike (+23,05,625), 74‑strike (+10,19,900) and 73‑strike (+7,43,225), reflecting accumulation of protection near the underlying level while preserving capital ahead of macro events. Overall, the pattern suggests a balanced positioning with writers building both upside and downside hedges, indicating no strong bias emerges yet today overall.
Volatility Read
The at‑the‑money implied volatility stands at 31.44%, a moderate level for the sector, reflecting stable sentiment across the broad market. The skew remains bearish, implying higher implied volatility for out‑of‑the‑money puts relative to calls and which may pressure equity prices lower.
Key OI Levels
The strikes with the highest open interest are 100 on the call side and 75 on the put side, both historically and in the current cycle, highlighting key liquidity zones.