Mahindra & Mahindra Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 2,600 | ₹— | —% | — | -2K | 4K |
| 7K | 0 | — | —% | ₹— | 2,700 | ₹— | —% | — | 0 | 200 |
| 2K | 0 | — | —% | ₹— | 2,800 | ₹— | —% | — | +3K | 15K |
| 0 | 0 | — | —% | ₹— | 2,850 | ₹— | —% | — | 0 | 0 |
| 6K | -600 | — | —% | ₹— | 2,900 | ₹— | —% | — | +11K | 1.3 L |
| 1K | +200 | — | —% | ₹— | 2,950 | ₹— | —% | — | +1K | 57K |
| 34K | +5K | — | —% | ₹— | 3,000 | ₹— | —% | — | +30K | 2.0 L |
| 27K | +1K | — | —% | ₹— | 3,050 | ₹— | —% | — | +53K | 3.6 L |
| 1.2 L | +3K | — | —% | ₹— | 3,100 | ₹— | —% | — | -3K | 3.9 L |
| 1.5 L | +24K | — | —% | ₹— | 3,150 | ₹— | —% | — | +9K | 2.1 L |
| 5.1 L | -14K | — | —% | ₹— | 3,200 | ₹— | —% | — | +33K | 5.2 L |
| 2.6 L | +9K | — | —% | ₹— | 3,250 | ₹— | —% | — | -3K | 1.3 L |
| 7.3 L | -10K | — | —% | ₹— | 3,300 | ₹— | —% | — | 0 | 4.4 L |
| 5.4 L | +10K | — | —% | ₹— | 3,350 | ₹— | —% | — | -2K | 2.2 L |
| 17.3 L | +43K | — | —% | ₹— | 3,400ATM | ₹— | —% | — | +2K | 3.9 L |
| 6.2 L | -20K | — | —% | ₹— | 3,450 | ₹— | —% | — | +200 | 1.9 L |
| 10.2 L | +17K | — | —% | ₹— | 3,500 | ₹— | —% | — | +9K | 4.2 L |
| 3.4 L | -1K | — | —% | ₹— | 3,550 | ₹— | —% | — | -200 | 29K |
| 7.7 L | -2K | — | —% | ₹— | 3,600 | ₹— | —% | — | 0 | 95K |
| 200 | 0 | — | —% | ₹— | 3,650 | ₹— | —% | — | 0 | 0 |
| 1.2 L | -6K | — | —% | ₹— | 3,700 | ₹— | —% | — | 0 | 5K |
| 27K | -400 | — | —% | ₹— | 3,750 | ₹— | —% | — | 0 | 3K |
| 2.1 L | -1K | — | —% | ₹— | 3,800 | ₹— | —% | — | 0 | 13K |
| 12K | -800 | — | —% | ₹— | 3,900 | ₹— | —% | — | 0 | 1K |
| 1.1 L | -3K | — | —% | ₹— | 4,000 | ₹— | —% | — | 0 | 5K |
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 (OI) landscape shows a tight concentration around the 1,700 ₹ level, where both the highest call OI (CE) and put OI (PE) sit at zero, marking a clear resistance and support zone respectively. The bulk of the OI sits between 3,000 ₹ and 3,500 ₹, suggesting that market participants expect the underlying to trade within this band for the September expiry. Consequently, the implied price range implied by the OI profile aligns closely with the current spot of 3,170 ₹.
OI Buildup Activity
During the latest session, fresh OI accumulates heavily at the 3,400 ₹ call strike (+43,200 contracts) and at the 3,150 ₹ call (+24,200 contracts), indicating that writers are adding exposure near the upper‑mid range. On the put side, the most pronounced additions appear at 3,050 ₹ (+52,600 contracts), 3,200 ₹ (+32,600 contracts) and 3,000 ₹ (+29,600 contracts), reflecting a buildup of protection or speculation below the spot. These additions suggest that market makers are reinforcing liquidity at strikes that bracket the current price, while also positioning for a potential move toward the identified resistance and support levels.
Volatility Read
The at‑the‑money implied volatility stands at 18.22 %, a moderate level for the underlying’s sector. The volatility skew is bearish, indicating that out‑of‑the‑money puts carry relatively higher implied volatilities than comparable calls.
Key OI Levels
The highest CE OI concentration resides at the 1,700 ₹ strike, while the highest PE OI concentration also sits at the 1,700 ₹ strike.