L&T Finance Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 2K | 0 | — | —% | ₹— | 200 | ₹— | —% | — | +38K | 1.5 L |
| 0 | 0 | — | —% | ₹— | 210 | ₹— | —% | — | -38K | 4.7 L |
| 0 | 0 | — | —% | ₹— | 215 | ₹— | —% | — | +1.1 L | 1.3 L |
| 43K | +14K | — | —% | ₹— | 220 | ₹— | —% | — | +34K | 4.9 L |
| 29K | +9K | — | —% | ₹— | 225 | ₹— | —% | — | +81K | 2.9 L |
| 5.1 L | +70K | — | —% | ₹— | 230 | ₹— | —% | — | +65K | 9.7 L |
| 5.0 L | +54K | — | —% | ₹— | 235 | ₹— | —% | — | -1.3 L | 11.2 L |
| 14.9 L | -2.8 L | — | —% | ₹— | 240 | ₹— | —% | — | +7.3 L | 25.6 L |
| 19.6 L | +3.7 L | — | —% | ₹— | 245 | ₹— | —% | — | +7.2 L | 13.4 L |
| 37.6 L | +6.1 L | — | —% | ₹— | 250ATM | ₹— | —% | — | -25K | 10.5 L |
| 4.8 L | +2.5 L | — | —% | ₹— | 255 | ₹— | —% | — | +7K | 97K |
| 17.6 L | +3.1 L | — | —% | ₹— | 260 | ₹— | —% | — | +20K | 2.2 L |
| 2.8 L | +74K | — | —% | ₹— | 265 | ₹— | —% | — | 0 | 16K |
| 8.3 L | +56K | — | —% | ₹— | 270 | ₹— | —% | — | +5K | 3.3 L |
| 2.5 L | +1.0 L | — | —% | ₹— | 275 | ₹— | —% | — | +9K | 36K |
| 11.7 L | +7K | — | —% | ₹— | 280 | ₹— | —% | — | -27K | 3.3 L |
| 83K | 0 | — | —% | ₹— | 285 | ₹— | —% | — | 0 | 23K |
| 2.0 L | -36K | — | —% | ₹— | 290 | ₹— | —% | — | -5K | 1.1 L |
| 5K | 0 | — | —% | ₹— | 295 | ₹— | —% | — | 0 | 0 |
| 8.1 L | +16K | — | —% | ₹— | 300 | ₹— | —% | — | -23K | 2.4 L |
| 88K | 0 | — | —% | ₹— | 310 | ₹— | —% | — | 0 | 2.4 L |
| 2.5 L | +14K | — | —% | ₹— | 320 | ₹— | —% | — | — | — |
| 2K | 0 | — | —% | ₹— | 330 | ₹— | —% | — | — | — |
| 27K | 0 | — | —% | ₹— | 340 | ₹— | —% | — | — | — |
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 pool clusters tightly around the 240‑245‑250 range, indicating that market participants view this band as the primary support‑resistance corridor for the underlying asset. Call open interest at 245 and 250 totals about 13.5 lakh contracts, while put open interest at 240 and 245 exceeds 15 lakh, framing an implied price window of roughly ₹240‑₹250. Given the spot level of ₹246.5, the underlying sits just above the central pivot of this range, suggesting limited directional bias at present in the market currently today.
OI Buildup Activity
Fresh open interest adds show a net increase of 6 contracts at 250, 3 at 245, and 3 at 260, reflecting aggressive writer positioning near the upper band. On the downside, put open interest adds rise by 7 contracts at 240, 7 contracts at 245, and 1 contract at 215, indicating continued hedge accumulation at lower strikes. The symmetric inflow across calls and puts suggests that market makers are balancing delta exposure while enriching premium capture in the near‑term horizon.
Volatility Read
The at‑the‑money implied volatility stands at 26.55 %, aligning with the sector’s average and indicating moderate premium levels. The skew is bearish, with puts commanding higher implied volatility than calls, implying that downside protection is priced above upside upside potential.
Key OI Levels
The largest call open interest of 120 contracts resides at the 245 strike, while the biggest put open interest of 120 contracts concentrates at the 240 strike.