LTM Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 2,300 | ₹— | 15.9% | — | — | — |
| — | — | — | —% | ₹— | 2,400 | ₹— | 14.9% | — | — | — |
| — | — | — | —% | ₹— | 2,500 | ₹— | 14.0% | — | — | — |
| — | — | — | —% | ₹— | 2,600 | ₹— | 13.2% | — | — | — |
| — | — | — | —% | ₹— | 2,700 | ₹— | 12.3% | — | — | — |
| — | — | — | —% | ₹— | 2,800 | ₹— | 11.5% | — | — | — |
| — | — | — | —% | ₹— | 2,900 | ₹— | 10.8% | — | — | — |
| — | — | — | —% | ₹— | 2,950 | ₹— | 10.4% | — | — | — |
| — | — | — | —% | ₹— | 3,000 | ₹— | 10.0% | — | — | — |
| — | — | — | —% | ₹— | 3,050 | ₹— | 9.7% | — | — | — |
| — | — | — | —% | ₹— | 3,100 | ₹— | 9.3% | — | — | — |
| — | — | — | —% | ₹— | 3,150 | ₹— | 8.9% | — | — | — |
| 1K | 0 | — | —% | ₹1431.35 | 3,200 | ₹0.90 | —% | — | 0 | 7K |
| — | — | — | —% | ₹— | 3,250 | ₹— | 8.3% | — | — | — |
| — | — | — | —% | ₹1858.05 | 3,300 | ₹0.50 | —% | 1K | +150 | 1K |
| — | — | — | —% | ₹— | 3,350 | ₹— | 7.6% | — | — | — |
| 750 | 0 | — | —% | ₹1220.65 | 3,400 | ₹0.40 | —% | 150 | 0 | 2K |
| 600 | 0 | — | —% | ₹743.55 | 3,450 | ₹1.00 | —% | — | +150 | 150 |
| 900 | 0 | — | —% | ₹1026.25 | 3,500 | ₹1.60 | —% | — | 0 | 10K |
| 900 | 0 | — | —% | ₹883.25 | 3,550 | ₹17.75 | —% | — | 0 | 750 |
| 2K | 0 | — | —% | ₹649.00 | 3,600 | ₹0.80 | 77.4% | 600 | -450 | 8K |
| 300 | 0 | — | —% | ₹582.00 | 3,650 | ₹15.85 | —% | — | — | — |
| 300 | 0 | — | —% | ₹738.20 | 3,700 | ₹2.50 | 78.6% | — | 0 | 39K |
| 300 | 0 | — | —% | ₹474.40 | 3,750 | ₹10.00 | 94.0% | — | 0 | 450 |
| 2K | 0 | — | —% | ₹671.85 | 3,800 | ₹1.90 | 69.5% | 3K | -750 | 25K |
| 300 | 0 | — | —% | ₹392.25 | 3,850 | ₹21.00 | 100.0% | — | 0 | 150 |
| 4K | 0 | — | —% | ₹583.55 | 3,900 | ₹3.45 | 67.7% | 2K | 0 | 14K |
| 450 | 0 | — | —% | ₹502.45 | 3,950 | ₹5.15 | 67.3% | — | 0 | 5K |
| 41K | -150 | 600 | —% | ₹753.45 | 4,000 | ₹5.50 | 68.0% | 20K | +7K | 60K |
| 12K | 0 | — | —% | ₹497.95 | 4,050 | ₹8.00 | 64.5% | — | 0 | 16K |
| 57K | -150 | 900 | —% | ₹651.10 | 4,100 | ₹7.30 | 63.3% | 8K | +2K | 75K |
| 20K | 0 | — | —% | ₹529.20 | 4,150 | ₹10.15 | 59.0% | — | 0 | 14K |
| 45K | -1K | 2K | —% | ₹549.60 | 4,200 | ₹9.70 | 58.4% | 12K | -2K | 60K |
| 23K | -450 | 1K | —% | ₹500.65 | 4,250 | ₹11.40 | 55.9% | 5K | -1K | 22K |
| 56K | -450 | 2K | —% | ₹453.85 | 4,300ATM | ₹12.95 | 53.2% | 37K | -11K | 89K |
| 25K | 0 | — | —% | ₹332.25 | 4,350 | ₹16.30 | 51.2% | 6K | -2K | 56K |
| 32K | 0 | — | —% | ₹281.55 | 4,400 | ₹18.90 | 49.2% | 45K | +2K | 45K |
| 23K | -900 | 3K | —% | ₹312.50 | 4,450 | ₹24.40 | 47.2% | 28K | +6K | 26K |
| 65K | -3K | 9K | —% | ₹265.00 | 4,500 | ₹30.75 | 46.3% | 43K | +4K | 66K |
| 14K | -300 | 1K | 29.2% | ₹229.30 | 4,550 | ₹41.50 | 45.7% | 17K | 0 | 26K |
| 67K | -2K | 47K | 26.8% | ₹192.05 | 4,600 | ₹53.35 | 44.9% | 92K | +13K | 60K |
| 12K | -150 | 14K | 28.6% | ₹156.15 | 4,650 | ₹67.40 | 44.7% | 26K | +4K | 23K |
| 83K | -5K | 1.8 L | 31.7% | ₹126.85 | 4,700 | ₹86.00 | 44.8% | 64K | +14K | 43K |
| 42K | -2K | 1.4 L | 32.0% | ₹98.95 | 4,750 | ₹111.45 | 45.1% | 24K | +5K | 21K |
| 75K | +2K | 2.1 L | 32.7% | ₹76.55 | 4,800 | ₹142.30 | 46.5% | 9K | +3K | 10K |
| 13K | +1K | 24K | 33.7% | ₹56.45 | 4,850 | ₹241.40 | 63.0% | — | 0 | 2K |
| 41K | +10K | 69K | 34.3% | ₹44.00 | 4,900 | ₹305.00 | 73.8% | — | 0 | 1K |
| 24K | +2K | 17K | 34.5% | ₹30.00 | 4,950 | ₹501.00 | 137.2% | — | 0 | 900 |
| 71K | -4K | 95K | 35.6% | ₹22.85 | 5,000 | ₹283.75 | 50.0% | 600 | -150 | 7K |
| 13K | +2K | 7K | 36.0% | ₹16.90 | 5,050 | ₹586.20 | 145.0% | — | — | — |
| 26K | +1K | 16K | 36.9% | ₹12.05 | 5,100 | ₹650.45 | 156.7% | — | 0 | 750 |
| — | — | — | 80.6% | ₹75.40 | 5,150 | ₹665.55 | 149.4% | — | — | — |
| 79K | +6K | 30K | 39.1% | ₹7.15 | 5,200 | ₹532.20 | 82.0% | 150 | 0 | 450 |
| — | — | — | 2.3% | ₹— | 5,250 | ₹— | —% | — | — | — |
| 1K | 0 | — | 46.8% | ₹6.00 | 5,300 | ₹598.75 | 81.5% | 150 | 0 | 600 |
| — | — | — | 2.7% | ₹— | 5,350 | ₹— | —% | — | — | — |
| 12K | 0 | 150 | 44.9% | ₹3.00 | 5,400 | ₹736.65 | 97.3% | — | 0 | 3K |
| — | — | — | 3.1% | ₹— | 5,450 | ₹— | —% | — | — | — |
| — | — | — | —% | ₹685.35 | 5,500 | ₹818.00 | 100.7% | 5K | -150 | 7K |
| — | — | — | 3.5% | ₹— | 5,550 | ₹— | —% | — | — | — |
| — | — | — | —% | ₹619.50 | 5,600 | ₹193.25 | —% | — | — | — |
| — | — | — | 3.9% | ₹— | 5,650 | ₹— | —% | — | — | — |
| — | — | — | —% | ₹557.65 | 5,700 | ₹229.90 | —% | — | — | — |
| — | — | — | 4.3% | ₹— | 5,750 | ₹— | —% | — | — | — |
| — | — | — | —% | ₹499.95 | 5,800 | ₹270.65 | —% | — | — | — |
| — | — | — | 4.7% | ₹— | 5,850 | ₹— | —% | — | — | — |
| — | — | — | —% | ₹446.40 | 5,900 | ₹315.55 | —% | — | — | — |
| — | — | — | 5.1% | ₹— | 5,950 | ₹— | —% | — | — | — |
| — | — | — | 5.3% | ₹— | 6,000 | ₹— | —% | — | — | — |
| — | — | — | 5.6% | ₹— | 6,100 | ₹— | —% | — | — | — |
| — | — | — | 6.0% | ₹— | 6,200 | ₹— | —% | — | — | — |
| — | — | — | 6.3% | ₹— | 6,300 | ₹— | —% | — | — | — |
| — | — | — | 6.7% | ₹— | 6,400 | ₹— | —% | — | — | — |
| — | — | — | 7.0% | ₹— | 6,500 | ₹— | —% | — | — | — |
| — | — | — | 7.4% | ₹— | 6,600 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
Key Strike Levels
Immediate resistance forms at ₹4900, where fresh call writing surges, while strong put concentration at ₹4700 caps near-term downside. The ₹2300 strike acts as a nominal floor and ceiling due to stagnant OI, though structurally irrelevant given spot proximity. The implied range consolidates between ₹4600 and ₹4900, anchored by active open interest zones.
OI Buildup Activity
Writers build fresh long call positions at ₹4900 (+9,750) and ₹5200 (+6,300), signaling aggressive call writing as near-term resistance forms. Simultaneously, substantial put OI additions at ₹4700 (+13,650) and ₹4600 (+13,500) reflect protective and speculative long put positions. This two-sided buildup suggests heavy writer activity defending both flanks amid range-bound positioning.
Volatility Read
ATM IV at 32.72% sits in line with recent averages, reflecting neutral risk premium pricing. The neutral skew confirms balanced fear/greed, with no pronounced bias in put or call demand.
Strategy Implication
Range-bound positioning and symmetric OI growth favor a sell-side bias, with writers collecting premium between ₹4600–₹4900.