JSW Steel Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 10K | 0 | — | —% | ₹— | 1,080 | ₹— | —% | — | 0 | 29K |
| 2K | 0 | — | —% | ₹— | 1,120 | ₹— | —% | — | +675 | 11K |
| 3K | 0 | — | —% | ₹— | 1,160 | ₹— | —% | — | 0 | 45K |
| 3K | 0 | — | —% | ₹— | 1,180 | ₹— | —% | — | 0 | 43K |
| 1.7 L | +4K | — | —% | ₹— | 1,200 | ₹— | —% | — | -12K | 5.7 L |
| 12K | 0 | — | —% | ₹— | 1,220 | ₹— | —% | — | -3K | 7.0 L |
| 9K | 0 | — | —% | ₹— | 1,240 | ₹— | —% | — | -12K | 4.2 L |
| 41K | -675 | — | —% | ₹— | 1,260 | ₹— | —% | — | +26K | 10.3 L |
| 77K | +11K | — | —% | ₹— | 1,280 | ₹— | —% | — | +61K | 3.3 L |
| 4.4 L | -10K | — | —% | ₹— | 1,300ATM | ₹— | —% | — | -14K | 12.5 L |
| 6.2 L | -70K | — | —% | ₹— | 1,320 | ₹— | —% | — | +2.4 L | 5.0 L |
| 8.1 L | -55K | — | —% | ₹— | 1,340 | ₹— | —% | — | +59K | 2.7 L |
| 10.0 L | -1.9 L | — | —% | ₹— | 1,360 | ₹— | —% | — | +28K | 1.7 L |
| 5.0 L | +1.4 L | — | —% | ₹— | 1,380 | ₹— | —% | — | +30K | 30K |
| 10.8 L | +16K | — | —% | ₹— | 1,400 | ₹— | —% | — | +675 | 32K |
| 3.1 L | +22K | — | —% | ₹— | 1,420 | ₹— | —% | — | +675 | 675 |
| 9.4 L | +7K | — | —% | ₹— | 1,440 | ₹— | —% | — | 0 | 2K |
| 4.7 L | +5K | — | —% | ₹— | 1,460 | ₹— | —% | — | +9K | 26K |
| 4.9 L | -675 | — | —% | ₹— | 1,480 | ₹— | —% | — | +3K | 4K |
| 1K | +1K | — | —% | ₹— | 1,520 | ₹— | —% | — | 0 | 7K |
| 0 | 0 | — | —% | ₹— | 1,560 | ₹— | —% | — | 0 | 0 |
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 open‑interest (OI) landscape clusters around the 1,280‑1,420 ₹ band, forming a tight “range‑play” zone. The highest call OI sits at 1,000 ₹, while the largest put OI also rests at 1,000 ₹, indicating that both the resistance and support anchors are anchored at this level. Given the spot of 1,325 ₹, the market‑implied price corridor spans roughly ₹1,260 to ₹1,420, with the bulk of contracts concentrated near the 1,280, 1,320, 1,340, 1,380, 1,400, and 1,420 ₹ strikes.
OI Buildup Activity
During the latest roll‑up, fresh call OI accrues sharply at 1,380 ₹ (+1 contract, ₹40,400), 1,400 ₹ (+15 contracts, ₹525,000), and 1,420 ₹ (+20 contracts, ₹925,000), signaling that option writers are reinforcing exposure at higher strikes. On the put side, the most pronounced additions appear at 1,280 ₹ (+60 contracts, ₹750,000), 1,320 ₹ (+2 contracts, ₹43,000), and 1,340 ₹ (+58 contracts, ₹725,000), where writers are stacking protection near the lower‑bound of the implied range. The distribution of fresh OI illustrates a balanced stance—call writers extending the upside ceiling while put writers fortifying the downside floor.
Volatility Read
The at‑the‑money implied volatility stands at 17.73 %, reflecting moderate pricing pressure ahead of the September 29 expiry. The volatility skew is bearish, with out‑of‑the‑money calls priced lower than equivalent puts, implying market expectations of a modest downside bias.
Key OI Levels
The strikes with the greatest open‑interest concentration are ₹1,000 ₹ for calls (resistance) and ₹1,000 ₹ for puts (support).