Manappuram Finance Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 140 | ₹— | 14.4% | — | — | — |
| — | — | — | —% | ₹— | 150 | ₹— | 12.9% | — | — | — |
| — | — | — | —% | ₹— | 160 | ₹— | 11.5% | — | — | — |
| — | — | — | —% | ₹— | 170 | ₹— | 10.2% | — | — | — |
| — | — | — | —% | ₹— | 180 | ₹— | 8.9% | — | — | — |
| — | — | — | —% | ₹— | 185 | ₹— | 8.3% | — | — | — |
| — | — | — | —% | ₹— | 190 | ₹— | 7.7% | — | — | — |
| — | — | — | —% | ₹— | 195 | ₹— | 7.1% | — | — | — |
| — | — | — | —% | ₹— | 200 | ₹— | 6.6% | — | — | — |
| — | — | — | —% | ₹94.00 | 205 | ₹0.75 | —% | — | — | — |
| — | — | — | —% | ₹89.30 | 210 | ₹0.15 | —% | 45K | 0 | 51K |
| — | — | — | —% | ₹84.70 | 215 | ₹1.30 | 110.4% | — | — | — |
| 3K | 0 | — | 86.8% | ₹50.20 | 220 | ₹0.15 | 79.7% | 1.2 L | -12K | 6.3 L |
| — | — | — | —% | ₹75.70 | 225 | ₹0.20 | 63.7% | — | 0 | 1.8 L |
| — | — | — | —% | ₹— | 227.5 | ₹1.95 | 98.6% | — | 0 | 18K |
| 15K | 0 | — | —% | ₹38.30 | 230 | ₹0.25 | 72.4% | 48K | +18K | 5.5 L |
| — | — | — | —% | ₹— | 232.5 | ₹0.95 | 73.5% | — | 0 | 21K |
| 3K | 0 | — | 60.3% | ₹35.10 | 235 | ₹0.20 | 61.5% | 51K | -30K | 5.1 L |
| — | — | — | —% | ₹— | 237.5 | ₹1.25 | 70.1% | — | 0 | 12K |
| 30K | 0 | — | —% | ₹27.10 | 240 | ₹0.35 | 63.8% | 2.2 L | -3K | 5.9 L |
| 21K | 0 | — | 73.4% | ₹29.30 | 242.5 | ₹1.25 | 61.4% | — | 0 | 96K |
| 18K | 0 | 3K | 60.0% | ₹29.00 | 245 | ₹0.35 | 55.9% | 60K | +6K | 3.2 L |
| 30K | 0 | 3K | 41.2% | ₹26.00 | 247.5 | ₹0.85 | 51.3% | — | 0 | 3.8 L |
| 1.3 L | 0 | 6K | 38.2% | ₹23.00 | 250 | ₹0.50 | 53.8% | 10.4 L | -2.2 L | 19.0 L |
| 48K | 0 | — | 46.4% | ₹18.60 | 252.5 | ₹0.55 | 50.3% | 33K | -6K | 1.5 L |
| 4.3 L | -2.7 L | 5.5 L | 44.7% | ₹26.00 | 255 | ₹0.55 | 47.7% | 6.6 L | -1.6 L | 3.2 L |
| 3.6 L | -9K | 18K | —% | ₹23.00 | 257.5 | ₹2.05 | 42.3% | — | 0 | 2.3 L |
| 17.9 L | -5.6 L | 14.0 L | 41.3% | ₹22.10 | 260 | ₹0.80 | 44.4% | 30.4 L | -3.8 L | 10.8 L |
| 1.8 L | 0 | 3K | 24.7% | ₹15.50 | 262.5 | ₹— | —% | — | — | — |
| 5.2 L | -9K | 1.8 L | 37.7% | ₹16.60 | 265 | ₹1.20 | 41.1% | 17.1 L | +2.9 L | 13.7 L |
| 4.5 L | -1.8 L | 7.2 L | 37.3% | ₹15.60 | 267.5 | ₹1.55 | 40.5% | 7.4 L | +66K | 6.9 L |
| 20.4 L | -18.9 L | 71.1 L | 37.3% | ₹13.50 | 270ATM | ₹2.00 | 39.6% | 29.0 L | +2.2 L | 13.8 L |
| 3.3 L | -33K | 6.6 L | 36.8% | ₹11.00 | 272.5 | ₹— | —% | — | — | — |
| 5.1 L | -1.2 L | 47.9 L | 35.9% | ₹9.60 | 275 | ₹3.15 | 37.7% | 18.8 L | +4.0 L | 5.5 L |
| 2.5 L | +63K | 5.9 L | 35.9% | ₹8.10 | 277.5 | ₹— | —% | — | — | — |
| 15.7 L | +3.0 L | 79.9 L | 37.3% | ₹6.85 | 280 | ₹5.10 | 37.4% | 9.4 L | +2.3 L | 3.8 L |
| — | — | — | —% | ₹— | 282.5 | ₹16.10 | 51.6% | — | 0 | 6K |
| 7.7 L | -39K | 33.7 L | 36.3% | ₹4.35 | 285 | ₹8.00 | 39.0% | 30K | +24K | 24K |
| 1.3 L | +27K | 2.0 L | 36.3% | ₹3.45 | 287.5 | ₹— | —% | — | — | — |
| 13.9 L | +3.5 L | 28.7 L | 36.2% | ₹2.45 | 290 | ₹11.70 | 39.1% | 27K | -6K | 1.1 L |
| 3.5 L | +2.8 L | 4.9 L | 37.1% | ₹1.90 | 292.5 | ₹— | —% | — | — | — |
| 1.7 L | -18K | 5.5 L | 37.5% | ₹1.65 | 295 | ₹23.95 | —% | — | 0 | 6K |
| 1.1 L | +9K | 90K | 38.1% | ₹1.20 | 297.5 | ₹— | —% | — | — | — |
| 24.0 L | -5.6 L | 36.2 L | 37.4% | ₹0.90 | 300 | ₹19.50 | 40.2% | 36K | -21K | 69K |
| 5.3 L | +36K | 1.9 L | 38.7% | ₹0.50 | 305 | ₹33.80 | 54.2% | 6K | 0 | 24K |
| 51K | +3K | 60K | 41.4% | ₹0.35 | 310 | ₹52.60 | 169.8% | — | 0 | 9K |
| — | — | — | —% | ₹18.55 | 315 | ₹59.00 | 188.5% | — | 0 | 3K |
| 1.9 L | +24K | 1.4 L | 48.8% | ₹0.25 | 320 | ₹36.80 | —% | — | — | — |
| — | — | — | —% | ₹15.20 | 325 | ₹40.15 | —% | — | — | — |
| — | — | — | —% | ₹13.75 | 330 | ₹43.60 | —% | — | — | — |
| — | — | — | 4.8% | ₹— | 335 | ₹— | —% | — | — | — |
| 6K | 0 | — | 104.7% | ₹1.20 | 340 | ₹50.85 | —% | — | — | — |
| — | — | — | 5.4% | ₹— | 345 | ₹— | —% | — | — | — |
| — | — | — | —% | ₹9.00 | 350 | ₹58.55 | —% | — | — | — |
| — | — | — | 6.4% | ₹— | 360 | ₹— | —% | — | — | — |
| — | — | — | 7.0% | ₹— | 370 | ₹— | —% | — | — | — |
| — | — | — | 7.6% | ₹— | 380 | ₹— | —% | — | — | — |
| — | — | — | 8.1% | ₹— | 390 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
Key Strike Levels
Strong put option concentration at 140 strike establishes clear support, though distant from current spot. Resistance converges around the 140 call strike—a dual-sided congestion zone suggesting pivotal breakout/breakdown levels. The effective trading range post-earnings appears bound between 265 and 292.5, factoring in fresh open interest buildup.
OI Buildup Activity
Fresh long calls emerge at 290 and 292.5 with massive additions (+345K and +279K OI), signaling aggressive upside bets by buyers. At 280, both calls (+321K) and puts (+231K) see sizeable OI inflows—indicating straddle-like positioning from writers anticipating volatility. On the put side, 275 leads with +369K OI added, confirming strong protective downside positioning, likely from long holders covering risk.
Volatility Read
ATM IV holds at elevated 37.44%, reflecting sustained premium in options pricing ahead of potential corporate actions or macro volatility. The bearish skew—with richer put vol and heavier downside OI—tells of hedged sentiment despite aggressive call buying at higher strikes.
Strategy Implication
Bias remains range-wide with edge toward volatility expansion plays, anchored by key gamma zones at 275, 280, and 290.