Larsen & Toubro Limited Option Chain Analysis
2026-04-282026-05-26
Total CE OI
86.4 L
Total PE OI
67.4 L
PCR
0.78
Bearish
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 2,160 | ₹— | 13.9% | — | — | — |
| — | — | — | —% | ₹— | 2,200 | ₹— | 13.5% | — | — | — |
| — | — | — | —% | ₹— | 2,240 | ₹— | 13.1% | — | — | — |
| — | — | — | —% | ₹— | 2,280 | ₹— | 12.7% | — | — | — |
| — | — | — | —% | ₹— | 2,320 | ₹— | 12.3% | — | — | — |
| — | — | — | —% | ₹— | 2,360 | ₹— | 11.9% | — | — | — |
| — | — | — | —% | ₹— | 2,400 | ₹— | 11.6% | — | — | — |
| — | — | — | —% | ₹— | 2,440 | ₹— | 11.2% | — | — | — |
| — | — | — | —% | ₹— | 2,480 | ₹— | 10.9% | — | — | — |
| — | — | — | —% | ₹— | 2,520 | ₹— | 10.5% | — | — | — |
| — | — | — | —% | ₹— | 2,560 | ₹— | 10.2% | — | — | — |
| — | — | — | —% | ₹— | 2,600 | ₹— | 9.8% | — | — | — |
| — | — | — | —% | ₹— | 2,640 | ₹— | 9.5% | — | — | — |
| — | — | — | —% | ₹— | 2,680 | ₹— | 9.2% | — | — | — |
| — | — | — | —% | ₹— | 2,720 | ₹— | 8.8% | — | — | — |
| — | — | — | —% | ₹— | 2,760 | ₹— | 8.5% | — | — | — |
| — | — | — | —% | ₹— | 2,800 | ₹— | 8.2% | — | — | — |
| — | — | — | —% | ₹— | 2,840 | ₹— | 7.9% | — | — | — |
| — | — | — | —% | ₹953.65 | 2,880 | ₹0.10 | —% | 2K | 0 | 54K |
| 9K | 0 | — | —% | ₹1050.00 | 2,900 | ₹0.10 | —% | 175 | 0 | 42K |
| — | — | — | —% | ₹1372.60 | 2,920 | ₹0.55 | —% | — | 0 | 10K |
| — | — | — | —% | ₹532.40 | 2,940 | ₹0.50 | —% | 875 | 0 | 2K |
| — | — | — | —% | ₹876.35 | 2,960 | ₹0.25 | —% | 175 | 0 | 6K |
| — | — | — | —% | ₹495.75 | 2,980 | ₹0.40 | —% | 16K | -3K | 9K |
| 68K | 0 | — | —% | ₹1084.50 | 3,000 | ₹0.15 | 72.9% | 3K | -875 | 100K |
| 175 | +175 | — | —% | ₹657.55 | 3,020 | ₹0.80 | —% | 700 | 0 | 2K |
| 700 | 0 | — | —% | ₹519.55 | 3,040 | ₹0.75 | 81.9% | 700 | 0 | 6K |
| 350 | 0 | — | —% | ₹888.15 | 3,060 | ₹1.95 | —% | — | 0 | 7K |
| — | — | — | —% | ₹762.30 | 3,080 | ₹2.75 | —% | — | 0 | 28K |
| 26K | 0 | — | —% | ₹849.50 | 3,100 | ₹0.30 | 70.0% | 175 | 0 | 62K |
| 350 | 0 | — | —% | ₹829.70 | 3,120 | ₹1.50 | 80.2% | — | 0 | 10K |
| — | — | — | —% | ₹734.55 | 3,140 | ₹0.30 | 67.4% | 175 | 0 | 8K |
| 350 | 0 | — | —% | ₹417.05 | 3,160 | ₹1.00 | 72.6% | — | 0 | 20K |
| 1K | 0 | — | —% | ₹769.35 | 3,180 | ₹1.65 | 75.7% | — | 0 | 15K |
| 21K | 0 | — | —% | ₹930.00 | 3,200 | ₹0.50 | 66.0% | 1K | -700 | 74K |
| — | — | — | —% | ₹700.60 | 3,220 | ₹0.85 | 66.4% | — | 0 | 60K |
| 350 | 0 | — | —% | ₹711.80 | 3,240 | ₹0.90 | 67.2% | 175 | 0 | 4K |
| — | — | — | —% | ₹662.75 | 3,260 | ₹1.55 | 68.3% | — | 0 | 31K |
| 350 | 0 | — | —% | ₹672.65 | 3,280 | ₹1.20 | 66.8% | 1K | 0 | 53K |
| 57K | -13K | 60K | —% | ₹781.80 | 3,300 | ₹1.30 | 65.8% | 7K | -1K | 1.8 L |
| 2K | 0 | — | —% | ₹700.00 | 3,320 | ₹1.45 | 64.5% | 175 | 0 | 20K |
| 11K | 0 | — | —% | ₹613.10 | 3,340 | ₹1.55 | 61.6% | — | 0 | 11K |
| 9K | 0 | — | 132.0% | ₹756.00 | 3,360 | ₹1.50 | 61.0% | 350 | 0 | 22K |
| 8K | 0 | — | —% | ₹650.80 | 3,380 | ₹7.75 | 76.0% | — | 0 | 13K |
| 1.6 L | 0 | — | —% | ₹644.00 | 3,400 | ₹1.50 | 59.0% | 23K | -5K | 1.9 L |
| 22K | 0 | — | 81.8% | ₹652.00 | 3,420 | ₹2.00 | 59.2% | 175 | 0 | 16K |
| 20K | -350 | 525 | —% | ₹644.45 | 3,440 | ₹1.50 | 55.3% | 350 | 0 | 19K |
| 31K | 0 | — | 102.6% | ₹636.95 | 3,460 | ₹1.50 | 53.6% | 525 | 0 | 20K |
| 18K | 0 | — | 94.0% | ₹610.00 | 3,480 | ₹3.35 | 56.5% | — | 0 | 23K |
| 1.2 L | -875 | 4K | —% | ₹582.50 | 3,500 | ₹1.90 | 52.6% | 82K | -46K | 2.3 L |
| 70K | 0 | — | 66.3% | ₹548.75 | 3,520 | ₹3.20 | 52.5% | — | 0 | 43K |
| 94K | 0 | — | 103.7% | ₹572.65 | 3,540 | ₹2.35 | 51.1% | 41K | -24K | 73K |
| 87K | -175 | 525 | —% | ₹512.95 | 3,560 | ₹2.50 | 50.0% | 875 | -350 | 83K |
| 87K | 0 | — | 98.2% | ₹532.90 | 3,580 | ₹5.00 | 51.3% | — | 0 | 86K |
| 2.1 L | -4K | 6K | —% | ₹483.00 | 3,600 | ₹2.95 | 47.5% | 1.3 L | +17K | 4.1 L |
| 65K | 0 | 175 | —% | ₹462.00 | 3,620 | ₹5.15 | 47.8% | — | 0 | 61K |
| 62K | 0 | — | 64.0% | ₹438.70 | 3,640 | ₹4.00 | 45.7% | 5K | -700 | 56K |
| 78K | 0 | — | —% | ₹381.00 | 3,660 | ₹4.05 | 44.7% | 37K | +7K | 80K |
| 98K | 0 | 175 | 36.9% | ₹388.85 | 3,680 | ₹4.75 | 44.0% | 8K | -5K | 1.1 L |
| 1.7 L | -2K | 5K | 44.2% | ₹389.35 | 3,700 | ₹5.35 | 43.1% | 1.2 L | -4K | 2.5 L |
| 2.0 L | 0 | — | 74.3% | ₹391.00 | 3,720 | ₹6.00 | 42.3% | 10K | -2K | 33K |
| 64K | 0 | — | 36.8% | ₹324.00 | 3,740 | ₹6.80 | 41.4% | 11K | +2K | 45K |
| 73K | 0 | — | 26.7% | ₹300.00 | 3,760 | ₹8.50 | 40.7% | 2K | -1K | 46K |
| 28K | 0 | — | 77.9% | ₹348.00 | 3,780 | ₹8.35 | 40.1% | 25K | -6K | 34K |
| 4.1 L | -7K | 12K | 32.9% | ₹295.60 | 3,800 | ₹9.55 | 38.8% | 1.7 L | +350 | 4.6 L |
| 23K | +2K | 2K | 34.2% | ₹273.50 | 3,820 | ₹10.75 | 38.1% | 8K | +350 | 41K |
| 65K | +525 | 3K | 34.5% | ₹259.75 | 3,840 | ₹12.30 | 37.3% | 29K | +3K | 90K |
| 34K | 0 | — | 26.0% | ₹221.25 | 3,860 | ₹14.60 | 36.7% | 14K | +1K | 91K |
| 48K | 0 | — | 38.3% | ₹204.05 | 3,880 | ₹16.40 | 35.6% | 25K | +3K | 72K |
| 1.4 L | -2K | 18K | 32.0% | ₹199.00 | 3,900 | ₹18.65 | 34.9% | 2.6 L | +22K | 4.3 L |
| 92K | 0 | — | 28.7% | ₹172.30 | 3,920 | ₹21.80 | 34.4% | 36K | -7K | 95K |
| 72K | -875 | 12K | 31.5% | ₹171.30 | 3,940 | ₹25.00 | 33.7% | 48K | +7K | 1.6 L |
| 1.7 L | -700 | 8K | 31.2% | ₹154.70 | 3,960 | ₹28.75 | 33.0% | 68K | +2K | 1.3 L |
| 88K | -700 | 5K | 30.6% | ₹134.45 | 3,980 | ₹33.60 | 32.7% | 77K | -2K | 1.2 L |
| 8.3 L | +3K | 1.8 L | 30.6% | ₹119.00 | 4,000ATM | ₹39.00 | 32.1% | 6.9 L | -1.4 L | 7.2 L |
| 1.0 L | +2K | 55K | 30.5% | ₹105.95 | 4,020 | ₹45.70 | 31.9% | 64K | -5K | 95K |
| 92K | -22K | 1.3 L | 30.8% | ₹94.00 | 4,040 | ₹53.05 | 31.7% | 1.1 L | +6K | 1.2 L |
| 7.8 L | -1K | 2.4 L | 30.0% | ₹81.65 | 4,060 | ₹60.55 | 31.2% | 1.6 L | +10K | 2.1 L |
| 1.7 L | -350 | 2.6 L | 29.8% | ₹71.35 | 4,080 | ₹71.25 | 32.0% | 1.5 L | +14K | 1.3 L |
| 7.0 L | -50K | 6.3 L | 30.1% | ₹61.40 | 4,100 | ₹80.30 | 31.5% | 3.4 L | +30K | 4.0 L |
| 1.4 L | -7K | 1.2 L | 29.6% | ₹52.65 | 4,120 | ₹91.10 | 31.1% | 86K | +7K | 77K |
| 2.7 L | +4K | 1.7 L | 29.6% | ₹44.80 | 4,140 | ₹103.80 | 31.3% | 47K | +1K | 94K |
| 1.1 L | -5K | 84K | 29.7% | ₹37.75 | 4,160 | ₹114.10 | 31.2% | 15K | -2K | 50K |
| 2.1 L | +2K | 75K | 29.8% | ₹31.40 | 4,180 | ₹126.55 | 31.9% | 4K | -525 | 29K |
| 6.4 L | +17K | 4.7 L | 29.7% | ₹26.00 | 4,200 | ₹145.75 | 31.4% | 1.3 L | -68K | 2.0 L |
| 44K | +2K | 53K | 29.6% | ₹21.50 | 4,220 | ₹77.40 | —% | — | 0 | 175 |
| 40K | -11K | 85K | 29.8% | ₹17.85 | 4,240 | ₹453.00 | 150.4% | — | — | — |
| 48K | -2K | 59K | 29.7% | ₹14.60 | 4,260 | ₹187.45 | 31.9% | 525 | 0 | 10K |
| 28K | -2K | 23K | 30.2% | ₹12.05 | 4,280 | ₹484.75 | 153.3% | — | — | — |
| 3.7 L | -2K | 1.9 L | 30.1% | ₹9.75 | 4,300 | ₹223.50 | 34.5% | 2K | +350 | 61K |
| 15K | -6K | 17K | 30.3% | ₹7.95 | 4,320 | ₹517.20 | 156.2% | — | — | — |
| 43K | +175 | 10K | 30.9% | ₹6.70 | 4,340 | ₹711.70 | 234.9% | — | — | — |
| 25K | 0 | 7K | 30.9% | ₹6.05 | 4,360 | ₹320.80 | 46.8% | — | 0 | 175 |
| 17K | -2K | 9K | 31.1% | ₹4.40 | 4,380 | ₹639.50 | 192.4% | — | — | — |
| 2.8 L | -16K | 1.3 L | 31.8% | ₹3.90 | 4,400 | ₹370.00 | 57.4% | — | 0 | 77K |
| 8K | 0 | 350 | 31.9% | ₹2.95 | 4,420 | ₹678.55 | 197.9% | — | — | — |
| 10K | +175 | 875 | 33.3% | ₹3.10 | 4,440 | ₹618.70 | 165.5% | — | — | — |
| — | — | — | 2.1% | ₹— | 4,460 | ₹— | —% | — | — | — |
| 20K | +700 | 10K | 33.5% | ₹2.15 | 4,480 | ₹530.85 | 111.3% | — | 0 | 350 |
| 3.1 L | -30K | 1.2 L | 34.1% | ₹1.70 | 4,500 | ₹418.00 | 42.9% | 175 | 0 | 10K |
| 33K | +350 | 11K | 34.9% | ₹1.55 | 4,520 | ₹572.30 | 116.8% | — | 0 | 1K |
| — | — | — | 2.5% | ₹— | 4,540 | ₹— | —% | — | — | — |
| 350 | 0 | — | 41.9% | ₹2.60 | 4,560 | ₹725.10 | 175.3% | — | — | — |
| — | — | — | 2.7% | ₹— | 4,580 | ₹— | —% | — | — | — |
| 87K | -5K | 10K | 35.6% | ₹0.75 | 4,600 | ₹493.75 | —% | — | 0 | 8K |
| — | — | — | 2.9% | ₹— | 4,620 | ₹— | —% | — | — | — |
| 24K | 0 | 4K | 35.5% | ₹0.40 | 4,640 | ₹798.20 | 182.1% | — | — | — |
| — | — | — | 3.0% | ₹— | 4,660 | ₹— | —% | — | — | — |
| — | — | — | 93.1% | ₹42.60 | 4,680 | ₹615.90 | —% | — | — | — |
| — | — | — | 3.2% | ₹— | 4,700 | ₹— | —% | — | — | — |
| — | — | — | 69.8% | ₹12.65 | 4,720 | ₹872.55 | 189.0% | — | — | — |
| — | — | — | 3.4% | ₹— | 4,740 | ₹— | —% | — | — | — |
| — | — | — | 92.9% | ₹33.05 | 4,760 | ₹1150.00 | —% | — | 0 | 15K |
| — | — | — | 3.6% | ₹— | 4,780 | ₹— | —% | — | — | — |
| 73K | -15K | 32K | 41.5% | ₹0.25 | 4,800 | ₹948.00 | 195.9% | — | — | — |
| — | — | — | 3.8% | ₹— | 4,820 | ₹— | —% | — | — | — |
| — | — | — | 3.9% | ₹— | 4,840 | ₹— | —% | — | — | — |
| — | — | — | 71.9% | ₹6.80 | 4,880 | ₹1024.25 | —% | — | — | — |
| — | — | — | 4.2% | ₹— | 4,920 | ₹— | —% | — | — | — |
| — | — | — | 4.4% | ₹— | 4,960 | ₹— | —% | — | — | — |
| — | — | — | 4.6% | ₹— | 5,000 | ₹— | —% | — | — | — |
| — | — | — | 4.8% | ₹— | 5,040 | ₹— | —% | — | — | — |
| — | — | — | 5.0% | ₹— | 5,080 | ₹— | —% | — | — | — |
| — | — | — | 5.1% | ₹— | 5,120 | ₹— | —% | — | — | — |
| — | — | — | 5.3% | ₹— | 5,160 | ₹— | —% | — | — | — |
| — | — | — | 5.5% | ₹— | 5,200 | ₹— | —% | — | — | — |
| — | — | — | 5.6% | ₹— | 5,240 | ₹— | —% | — | — | — |
| — | — | — | 5.8% | ₹— | 5,280 | ₹— | —% | — | — | — |
| — | — | — | 6.0% | ₹— | 5,320 | ₹— | —% | — | — | — |
| — | — | — | 6.1% | ₹— | 5,360 | ₹— | —% | — | — | — |
| — | — | — | 6.3% | ₹— | 5,400 | ₹— | —% | — | — | — |
| — | — | — | 6.5% | ₹— | 5,440 | ₹— | —% | — | — | — |
| — | — | — | 6.6% | ₹— | 5,480 | ₹— | —% | — | — | — |
| — | — | — | 6.8% | ₹— | 5,520 | ₹— | —% | — | — | — |
| — | — | — | 6.9% | ₹— | 5,560 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
AI AnalysisGenerated daily after market close · AI-powered
Key Strike Levels
Immediate resistance stands firm at ₹4200, where highest call OI anchors despite being out-of-the-money. Strong support emerges at ₹3600 and ₹3900, backed by substantial put OI and fresh longs. The implied range, bounded by ₹4200 resistance and ₹3600 floor, suggests potential consolidation within ₹600 bandwidth.
OI Buildup Activity
Writers are aggressively building fresh short positions at ₹4200 CE, adding over 17.6k OI, signaling confidence in capping upside. On the put side, massive long creation at ₹4100 (+29,400 OI) and ₹3900 (+23,100 OI) indicates hedging or directional bearish bets. The ₹3600 PE also sees significant longs, suggesting tail-risk protection is being priced in.
Volatility Read
ATM volatility holds at elevated 30.4%, reflecting sustained premium pricing and near-term event risk. A bearish skew confirms traders are skewing put protection, favoring downside positioning over upside speculation.
Strategy Implication
Bias leans bearish with strong seller activity at upper strikes and heavy put-side OI accumulation, favoring strategies that exploit limited upside and potential downside drift.
Related Analysis
Frequently Asked Questions
What is the highest call OI strike for Larsen & Toubro Limited today?▾
The strike with highest call (CE) open interest for Larsen & Toubro Limited is ₹4,000 for the 2026-04-28 expiry. This acts as a key resistance level since call writers will defend this strike aggressively near expiry.
What is the highest put OI strike for Larsen & Toubro Limited today?▾
The strike with highest put (PE) open interest for Larsen & Toubro Limited is ₹4,000 for the 2026-04-28 expiry. This acts as a key support level — put writers will tend to defend this level near expiry.
What does OI buildup in Larsen & Toubro Limited options mean?▾
Open Interest (OI) buildup in Larsen & Toubro Limited options shows how many net new contracts are being created at each strike. Rising OI at a strike means fresh positions (writers or buyers). Rising OI with rising price = long buildup (bullish); rising OI with falling price = short buildup (bearish).
When does Larsen & Toubro Limited options expire?▾
Larsen & Toubro Limited options have their nearest expiry on 2026-04-28. NSE F&O stocks have monthly expiry contracts — typically the last Tuesday of each month. MarketNetra shows data for the nearest two expiries.
How to read Larsen & Toubro Limited option chain?▾
The Larsen & Toubro Limited option chain shows calls (CE) on the left and puts (PE) on the right for each strike price. Key columns: OI (total open contracts), OI Change (new positions today), Volume (today's trades), IV (implied volatility — higher = more uncertainty), and LTP (last traded price). The ATM (at-the-money) strike is highlighted in blue.