JSW Steel Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 660 | ₹— | 14.6% | — | — | — |
| — | — | — | —% | ₹— | 680 | ₹— | 13.9% | — | — | — |
| — | — | — | —% | ₹— | 700 | ₹— | 13.3% | — | — | — |
| — | — | — | —% | ₹— | 720 | ₹— | 12.6% | — | — | — |
| — | — | — | —% | ₹— | 740 | ₹— | 12.0% | — | — | — |
| — | — | — | —% | ₹— | 760 | ₹— | 11.4% | — | — | — |
| — | — | — | —% | ₹— | 780 | ₹— | 10.9% | — | — | — |
| — | — | — | —% | ₹— | 800 | ₹— | 10.3% | — | — | — |
| — | — | — | —% | ₹— | 810 | ₹— | 10.0% | — | — | — |
| — | — | — | —% | ₹— | 820 | ₹— | 9.8% | — | — | — |
| — | — | — | —% | ₹— | 830 | ₹— | 9.5% | — | — | — |
| — | — | — | —% | ₹— | 840 | ₹— | 9.2% | — | — | — |
| — | — | — | —% | ₹— | 850 | ₹— | 9.0% | — | — | — |
| — | — | — | —% | ₹— | 860 | ₹— | 8.7% | — | — | — |
| — | — | — | —% | ₹— | 870 | ₹— | 8.5% | — | — | — |
| — | — | — | —% | ₹— | 880 | ₹— | 8.2% | — | — | — |
| — | — | — | —% | ₹— | 890 | ₹— | 8.0% | — | — | — |
| — | — | — | —% | ₹— | 900 | ₹— | 7.7% | — | — | — |
| — | — | — | —% | ₹— | 910 | ₹— | 7.5% | — | — | — |
| — | — | — | —% | ₹— | 920 | ₹— | 7.2% | — | — | — |
| — | — | — | —% | ₹— | 930 | ₹— | 7.0% | — | — | — |
| 1K | 0 | — | —% | ₹188.35 | 940 | ₹0.05 | 72.2% | — | 0 | 1.1 L |
| — | — | — | —% | ₹315.70 | 950 | ₹0.10 | 74.6% | — | 0 | 78K |
| — | — | — | —% | ₹279.30 | 960 | ₹0.40 | 84.1% | — | 0 | 61K |
| — | — | — | —% | ₹296.15 | 970 | ₹0.60 | 85.7% | — | — | — |
| 3K | 0 | — | —% | ₹255.25 | 980 | ₹2.55 | —% | — | 0 | 28K |
| 675 | 0 | — | —% | ₹161.95 | 990 | ₹0.95 | 85.5% | — | — | — |
| 2K | 0 | — | —% | ₹200.00 | 1,000 | ₹0.10 | 64.9% | 18K | 0 | 1.8 L |
| — | — | — | —% | ₹257.50 | 1,010 | ₹2.15 | 91.2% | — | 0 | 49K |
| — | — | — | —% | ₹224.55 | 1,020 | ₹0.10 | 60.6% | 15K | 0 | 3.4 L |
| — | — | — | —% | ₹165.85 | 1,030 | ₹0.15 | 58.2% | — | 0 | 28K |
| 7K | 0 | — | —% | ₹105.90 | 1,040 | ₹0.10 | 56.5% | 38K | +1K | 2.3 L |
| 30K | 0 | — | —% | ₹161.75 | 1,050 | ₹0.30 | 59.7% | 9K | -4K | 51K |
| 675 | 0 | — | —% | ₹152.65 | 1,060 | ₹0.30 | 57.3% | 66K | -31K | 1.0 L |
| 1K | 0 | — | —% | ₹172.50 | 1,070 | ₹0.30 | 53.0% | — | 0 | 24K |
| 20K | 0 | — | —% | ₹170.65 | 1,080 | ₹0.50 | 55.8% | 1.1 L | -51K | 43K |
| 675 | 0 | — | —% | ₹81.00 | 1,090 | ₹0.45 | 54.8% | 4K | +1K | 71K |
| 1.9 L | 0 | 675 | —% | ₹178.90 | 1,100 | ₹0.65 | 52.8% | 9.4 L | -4.1 L | 4.1 L |
| 52K | 0 | — | —% | ₹132.90 | 1,110 | ₹0.70 | 50.7% | 15K | +3K | 51K |
| 91K | -675 | 1K | —% | ₹165.50 | 1,120 | ₹0.75 | 48.4% | 68K | -3K | 1.2 L |
| 1.3 L | -2K | 3K | —% | ₹158.00 | 1,130 | ₹0.85 | 46.7% | 65K | -675 | 1.2 L |
| 2.6 L | -675 | 2K | —% | ₹137.90 | 1,140 | ₹1.00 | 45.2% | 68K | -17K | 2.4 L |
| 3.0 L | -10K | 12K | —% | ₹129.65 | 1,150 | ₹1.00 | 42.5% | 1.3 L | -27K | 4.6 L |
| 1.3 L | -675 | 2K | —% | ₹118.00 | 1,160 | ₹1.05 | 40.0% | 1.5 L | +2K | 1.8 L |
| 100K | 0 | — | —% | ₹104.05 | 1,170 | ₹1.20 | 38.0% | 65K | -32K | 48K |
| 1.3 L | 0 | 4K | —% | ₹109.15 | 1,180 | ₹1.60 | 37.3% | 58K | -18K | 1.3 L |
| 34K | -1K | 5K | —% | ₹102.50 | 1,190 | ₹1.95 | 35.3% | 23K | +2K | 1.3 L |
| 2.7 L | -18K | 63K | —% | ₹81.40 | 1,200ATM | ₹2.15 | 33.3% | 4.4 L | -54K | 5.1 L |
| 65K | -3K | 8K | —% | ₹69.50 | 1,210 | ₹2.85 | 32.4% | 2.4 L | -10K | 1.4 L |
| 2.0 L | +675 | 16K | 22.0% | ₹63.05 | 1,220 | ₹3.85 | 31.7% | 3.5 L | -3K | 3.6 L |
| 1.6 L | -6K | 37K | 23.9% | ₹57.20 | 1,230 | ₹5.15 | 31.3% | 3.6 L | +93K | 3.0 L |
| 2.2 L | -12K | 76K | 24.1% | ₹46.30 | 1,240 | ₹6.90 | 30.4% | 7.4 L | +34K | 3.3 L |
| 2.0 L | -43K | 1.9 L | 24.2% | ₹38.00 | 1,250 | ₹9.65 | 31.1% | 6.2 L | +84K | 2.5 L |
| 1.6 L | +5K | 1.5 L | 25.4% | ₹31.10 | 1,260 | ₹12.80 | 30.7% | 4.9 L | +4K | 1.5 L |
| 2.9 L | -16K | 6.1 L | 26.5% | ₹25.30 | 1,270 | ₹17.00 | 31.4% | 9.1 L | +68K | 3.1 L |
| 4.2 L | +12K | 20.6 L | 26.4% | ₹20.40 | 1,280 | ₹21.40 | 31.0% | 6.7 L | +98K | 1.8 L |
| 2.6 L | +1.9 L | 16.6 L | 26.5% | ₹15.55 | 1,290 | ₹27.00 | 31.9% | 5.3 L | +98K | 1.0 L |
| 6.3 L | +1.8 L | 33.3 L | 26.6% | ₹11.90 | 1,300 | ₹32.35 | 31.1% | 2.5 L | +57K | 86K |
| 1.4 L | -93K | 11.5 L | 26.5% | ₹8.65 | 1,310 | ₹36.70 | 30.4% | 43K | +18K | 18K |
| 1.8 L | -36K | 10.0 L | 25.9% | ₹5.75 | 1,320 | ₹125.00 | 138.0% | — | 0 | 675 |
| 2.4 L | +1.1 L | 8.4 L | 25.3% | ₹3.70 | 1,330 | ₹96.00 | 89.1% | — | — | — |
| 2.3 L | +1.5 L | 6.3 L | 24.8% | ₹2.30 | 1,340 | ₹133.10 | 132.1% | — | — | — |
| 5.5 L | +78K | 8.1 L | 25.2% | ₹1.50 | 1,350 | ₹69.15 | 35.9% | 11K | +8K | 8K |
| 47K | +675 | 84K | 24.6% | ₹0.85 | 1,360 | ₹147.75 | 134.5% | — | — | — |
| 18K | +17K | 34K | 25.6% | ₹0.65 | 1,370 | ₹124.45 | 90.5% | — | — | — |
| 29K | +4K | 28K | 25.4% | ₹0.40 | 1,380 | ₹153.20 | 122.8% | — | 0 | 2K |
| 11K | +1K | 5K | 26.7% | ₹0.30 | 1,390 | ₹139.75 | 91.2% | — | — | — |
| 1.6 L | +20K | 3.1 L | 28.0% | ₹0.25 | 1,400 | ₹130.55 | 58.9% | — | 0 | 3K |
| — | — | — | 2.2% | ₹— | 1,410 | ₹— | —% | — | — | — |
| 4K | 0 | — | 35.3% | ₹0.45 | 1,420 | ₹195.00 | 142.2% | — | — | — |
| — | — | — | 2.5% | ₹— | 1,430 | ₹— | —% | — | — | — |
| 18K | +13K | 14K | 32.0% | ₹0.20 | 1,440 | ₹211.75 | 145.1% | — | — | — |
| — | — | — | 2.8% | ₹— | 1,450 | ₹— | —% | — | — | — |
| — | — | — | 3.0% | ₹— | 1,460 | ₹— | —% | — | — | — |
| — | — | — | 3.1% | ₹— | 1,470 | ₹— | —% | — | — | — |
| — | — | — | 3.3% | ₹— | 1,480 | ₹— | —% | — | — | — |
| — | — | — | 3.4% | ₹— | 1,490 | ₹— | —% | — | — | — |
| — | — | — | 3.5% | ₹— | 1,500 | ₹— | —% | — | — | — |
| — | — | — | 3.7% | ₹— | 1,510 | ₹— | —% | — | — | — |
| — | — | — | 3.8% | ₹— | 1,520 | ₹— | —% | — | — | — |
| — | — | — | 4.0% | ₹— | 1,530 | ₹— | —% | — | — | — |
| — | — | — | 4.1% | ₹— | 1,540 | ₹— | —% | — | — | — |
| — | — | — | 4.3% | ₹— | 1,550 | ₹— | —% | — | — | — |
| — | — | — | 4.4% | ₹— | 1,560 | ₹— | —% | — | — | — |
| — | — | — | 4.5% | ₹— | 1,570 | ₹— | —% | — | — | — |
| — | — | — | 4.7% | ₹— | 1,580 | ₹— | —% | — | — | — |
| — | — | — | 4.8% | ₹— | 1,590 | ₹— | —% | — | — | — |
| — | — | — | 5.0% | ₹— | 1,600 | ₹— | —% | — | — | — |
| — | — | — | 5.2% | ₹— | 1,620 | ₹— | —% | — | — | — |
| — | — | — | 5.5% | ₹— | 1,640 | ₹— | —% | — | — | — |
| — | — | — | 5.8% | ₹— | 1,660 | ₹— | —% | — | — | — |
| — | — | — | 6.0% | ₹— | 1,680 | ₹— | —% | — | — | — |
| — | — | — | 6.3% | ₹— | 1,700 | ₹— | —% | — | — | — |
| — | — | — | 6.6% | ₹— | 1,720 | ₹— | —% | — | — | — |
| — | — | — | 6.8% | ₹— | 1,740 | ₹— | —% | — | — | — |
| — | — | — | 7.1% | ₹— | 1,760 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
Key Strike Levels
Immediate resistance sits at ₹1000, where call options show peak open interest of 2,025 contracts, acting as a strong supply zone. On the downside, ₹1200 holds as major support with massive put OI of 5,10,300 contracts, indicating aggressive positioning by protective and bearish traders. The implied range, derived from high-OI strikes, suggests consolidation between ₹1200 and ₹1340.
OI Buildup Activity
Fresh longs are building aggressively in call options at 1290, 1300, and 1340, with OI additions exceeding 1.5 lakh contracts each — a sign of bullish conviction among call writers anticipating upside containment. Simultaneously, put writers are adding exposure at 1280 and 1290, both seeing +97,875 OI, suggesting hedging against a short-term dip or accumulation near current levels. Notably, the 1230 put also attracts interest with +94,500 OI, reinforcing downside protection.
Volatility Read
ATM volatility holds at 26.89% with neutral skew, implying no pronounced fear or exuberance across the book. Option premiums are fairly priced with balanced call and put demand, reflecting two-way institutional participation.
Strategy Implication
Bias favors range-bound positioning with edge toward calls if ₹1290 breaks with sustained volume.