L&T Finance Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 120 | ₹— | 19.5% | — | — | — |
| — | — | — | —% | ₹— | 130 | ₹— | 17.7% | — | — | — |
| — | — | — | —% | ₹— | 140 | ₹— | 16.1% | — | — | — |
| — | — | — | —% | ₹— | 150 | ₹— | 14.6% | — | — | — |
| — | — | — | —% | ₹— | 160 | ₹— | 13.2% | — | — | — |
| — | — | — | —% | ₹— | 165 | ₹— | 12.5% | — | — | — |
| — | — | — | —% | ₹— | 170 | ₹— | 11.8% | — | — | — |
| — | — | — | —% | ₹— | 175 | ₹— | 11.2% | — | — | — |
| — | — | — | —% | ₹— | 180 | ₹— | 10.6% | — | — | — |
| — | — | — | —% | ₹— | 185 | ₹— | 10.0% | — | — | — |
| — | — | — | —% | ₹— | 190 | ₹— | 9.4% | — | — | — |
| — | — | — | —% | ₹— | 195 | ₹— | 8.8% | — | — | — |
| 27K | 0 | — | —% | ₹54.50 | 200 | ₹0.07 | —% | 18K | -9K | 3.6 L |
| — | — | — | —% | ₹— | 205 | ₹— | 7.7% | — | — | — |
| 65K | 0 | — | —% | ₹68.15 | 210 | ₹0.10 | —% | 27K | 0 | 1.4 L |
| — | — | — | —% | ₹85.15 | 215 | ₹0.31 | —% | 2K | 0 | 59K |
| 90K | 0 | — | —% | ₹39.09 | 220 | ₹0.17 | —% | 16K | 0 | 1.9 L |
| 2K | 0 | — | —% | ₹50.10 | 225 | ₹0.17 | 86.6% | 16K | +9K | 1.8 L |
| 3.4 L | 0 | 16K | —% | ₹63.00 | 230 | ₹0.23 | 81.9% | 1.4 L | +59K | 4.3 L |
| 4.2 L | 0 | — | 105.6% | ₹57.06 | 235 | ₹0.30 | 77.1% | 11K | -2K | 3.9 L |
| 5.6 L | 0 | 7K | —% | ₹54.00 | 240 | ₹0.34 | 74.1% | 52K | -2K | 9.2 L |
| 5.6 L | 0 | — | —% | ₹36.75 | 245 | ₹0.45 | 69.4% | 29K | -11K | 6.9 L |
| 12.4 L | -7K | 11K | 69.9% | ₹39.98 | 250 | ₹0.50 | 65.5% | 5.7 L | -2.3 L | 12.5 L |
| 5.9 L | 0 | 5K | 60.3% | ₹35.01 | 255 | ₹0.63 | 60.7% | 3.0 L | -18K | 3.5 L |
| 11.3 L | -11K | 41K | 58.7% | ₹30.35 | 260 | ₹0.78 | 56.8% | 6.3 L | -23K | 9.0 L |
| 4.8 L | -7K | 14K | 53.1% | ₹25.89 | 265 | ₹1.00 | 51.9% | 7.5 L | +1.2 L | 5.3 L |
| 12.3 L | -38K | 92K | 49.6% | ₹22.60 | 270 | ₹1.31 | 48.8% | 13.1 L | -4.6 L | 13.5 L |
| 5.1 L | -2K | 38K | 45.8% | ₹16.89 | 275 | ₹1.77 | 45.1% | 4.2 L | -36K | 8.1 L |
| 14.5 L | -1.0 L | 2.6 L | 44.2% | ₹14.17 | 280 | ₹2.62 | 43.1% | 8.8 L | +11K | 21.8 L |
| 6.6 L | -52K | 2.3 L | 40.5% | ₹10.21 | 285 | ₹4.17 | 41.4% | 5.8 L | +1.7 L | 11.6 L |
| 18.7 L | +95K | 22.0 L | 40.8% | ₹7.43 | 290 | ₹6.03 | 39.8% | 8.9 L | -36K | 7.7 L |
| 7.8 L | +2.4 L | 22.1 L | 39.9% | ₹4.96 | 295 | ₹8.71 | 39.3% | 2.1 L | +65K | 2.4 L |
| 30.1 L | +6.0 L | 33.0 L | 40.0% | ₹3.21 | 300ATM | ₹11.92 | 37.4% | 1.0 L | +2K | 28.5 L |
| 8.1 L | +65K | 5.1 L | 40.4% | ₹1.93 | 305 | ₹16.88 | 39.7% | 16K | -2K | 27K |
| 15.2 L | +3.0 L | 28.3 L | 40.6% | ₹1.18 | 310 | ₹18.84 | —% | — | 0 | 97K |
| — | — | — | 132.3% | ₹12.75 | 315 | ₹24.42 | 40.7% | 2K | 0 | 38K |
| 8.6 L | +1.6 L | 15.6 L | 42.6% | ₹0.48 | 320 | ₹30.57 | 42.1% | 11K | 0 | 2.5 L |
| 2.3 L | -7K | 1.2 L | 44.5% | ₹0.32 | 325 | ₹33.67 | 56.5% | 16K | -5K | 14K |
| — | — | — | 129.2% | ₹8.40 | 330 | ₹40.50 | 67.4% | — | 0 | 2K |
| — | — | — | 3.1% | ₹— | 335 | ₹61.00 | 194.1% | — | 0 | 9K |
| 34K | +11K | 41K | 50.9% | ₹0.11 | 340 | ₹56.00 | 132.4% | — | — | — |
| — | — | — | 3.8% | ₹— | 345 | ₹— | —% | — | — | — |
| 77K | 0 | — | 59.9% | ₹0.15 | 350 | ₹96.40 | —% | — | 0 | 2K |
| — | — | — | 4.4% | ₹— | 355 | ₹— | —% | — | — | — |
| — | — | — | 4.7% | ₹— | 360 | ₹— | —% | — | — | — |
| — | — | — | 5.0% | ₹— | 365 | ₹— | —% | — | — | — |
| — | — | — | 5.3% | ₹— | 370 | ₹— | —% | — | — | — |
| — | — | — | 5.9% | ₹— | 380 | ₹— | —% | — | — | — |
| — | — | — | 6.5% | ₹— | 390 | ₹— | —% | — | — | — |
| — | — | — | 7.0% | ₹— | 400 | ₹— | —% | — | — | — |
| — | — | — | 7.6% | ₹— | 410 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
Key Strike Levels
Strong resistance sits at ₹120, where call writers have anchored highest open interest, capping upside momentum. Equally firm support emerges at ₹120 put, signaling strong put writing at the floor. Despite this, spot price at ₹290.84 suggests a near-term range bias between ₹285 and ₹310.
OI Buildup Activity
Fresh longs dominate the 300 and 310 calls, with massive OI additions of +6.12 lakh and +3.01 lakh contracts, indicating aggressive upside betting. Call writers are actively covering lower strikes to reposition at 300 CE and above, adapting to bullish momentum. On the put side, 285 PE sees notable long put accumulation (+1.62 lakh), while 295 PE buildup hints at hedging against reversal risk near current levels.
Volatility Read
ATM IV holds at a robust 40.94%, reflecting elevated premium levels and sustained event risk pricing. Neutral skew reinforces balanced sentiment, with no pronounced fear or greed distortion across the chain.
Strategy Implication
Bias tilts toward range expansion with writer activity concentrated at extremities and fresh longs fueling momentum at 300 and 310 calls.