Lupin Limited Open Interest & PCR Analysis

OI Buildup Pattern

The current open interest (OI) profile shows a neutral buildup, with the underlying price remaining flat at ₹1972.7 and total OI unchanged throughout the trading day today across major exchanges. Total call option OI stands at 14,99,400 while put option OI is 12,39,300, indicating balanced long and short positions across the chain across all strikes. The neutral buildup suggests that neither bullish nor bearish participants are aggressively adding contracts, resulting in a stable positioning environment that lacks significant new inflows for the current expiry.

Put-Call Ratio

The put‑call ratio (PCR) registers at 0.827, slightly above yesterday’s 0.772, reflecting a modest increase in relative put demand in the near term. A PCR below 1 reinforces the view of modest call‑option demand relative to puts, but the upward move hints at a minor shift toward bearish sentiment among option traders among market participants.

Futures OI

Futures open interest remains at zero with no net change, indicating no new directional bets on the index future and confirming a flat speculative stance as of the close. The flat futures OI complements the spot OI neutrality, confirming an overall lack of incremental speculative exposure across both cash and derivative markets on both sides of the book.

Data Summary

In summary, the unchanged total OI of 14,99,400 (calls) and 12,39,300 (puts) defines a quiet expiry with balanced positioning and minimal new participant activity.