Max Financial Services Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 1,000 | ₹— | —% | — | +4K | 64K |
| 0 | 0 | — | —% | ₹— | 1,040 | ₹— | —% | — | +6K | 10K |
| 0 | 0 | — | —% | ₹— | 1,080 | ₹— | —% | — | +22K | 23K |
| 0 | 0 | — | —% | ₹— | 1,100 | ₹— | —% | — | +17K | 50K |
| 0 | 0 | — | —% | ₹— | 1,120 | ₹— | —% | — | +8K | 29K |
| 0 | 0 | — | —% | ₹— | 1,140 | ₹— | —% | — | -14K | 11K |
| 0 | 0 | — | —% | ₹— | 1,160 | ₹— | —% | — | +10K | 29K |
| 6K | +2K | — | —% | ₹— | 1,180 | ₹— | —% | — | +27K | 45K |
| 41K | +34K | — | —% | ₹— | 1,200 | ₹— | —% | — | -20K | 99K |
| 55K | +36K | — | —% | ₹— | 1,220 | ₹— | —% | — | -2K | 30K |
| 2.2 L | +51K | — | —% | ₹— | 1,240ATM | ₹— | —% | — | +15K | 2.3 L |
| 60K | +58K | — | —% | ₹— | 1,260 | ₹— | —% | — | +9K | 86K |
| 78K | +30K | — | —% | ₹— | 1,280 | ₹— | —% | — | +800 | 8K |
| 87K | +28K | — | —% | ₹— | 1,300 | ₹— | —% | — | +1K | 29K |
| 33K | +15K | — | —% | ₹— | 1,320 | ₹— | —% | — | +1K | 4K |
| 35K | +30K | — | —% | ₹— | 1,340 | ₹— | —% | — | 0 | 0 |
| 72K | +55K | — | —% | ₹— | 1,360 | ₹— | —% | — | 0 | 10K |
| 24K | +13K | — | —% | ₹— | 1,380 | ₹— | —% | — | 0 | 2K |
| 81K | +18K | — | —% | ₹— | 1,400 | ₹— | —% | — | 0 | 3K |
| 0 | 0 | — | —% | ₹— | 1,420 | ₹— | —% | — | 0 | 400 |
| 400 | 0 | — | —% | ₹— | 1,440 | ₹— | —% | — | 0 | 7K |
| 0 | 0 | — | —% | ₹— | 1,460 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 1,480 | ₹— | —% | — | 0 | 400 |
| 50K | -8K | — | —% | ₹— | 1,500 | ₹— | —% | — | 0 | 2K |
| 4K | 0 | — | —% | ₹— | 1,520 | ₹— | —% | — | 0 | 400 |
| 0 | 0 | — | —% | ₹— | 1,540 | ₹— | —% | — | 0 | 1K |
| 3K | -400 | — | —% | ₹— | 1,560 | ₹— | —% | — | 0 | 0 |
| 1K | 0 | — | —% | ₹— | 1,600 | ₹— | —% | — | 0 | 3K |
| 8K | 0 | — | —% | ₹— | 1,840 | ₹— | —% | — | — | — |
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 cluster is centred around the 1240‑1360 call corridor and the 1080‑1180 put corridor, which exhibits a pronounced concentration that traders monitor closely. Calls show the largest concentration at 1240, 1260 and 1360, while puts are piled at 1080, 1100 and 1180, indicating a clear preference for these strikes among market participants. This distribution suggests an implied price range roughly between 1200 and 1320 for the underlying at expiry and reflects the market’s current valuation consensus ahead of the November expiration.
OI Buildup Activity
During the latest data roll, fresh OI adds of 58,400 contracts at the 1260 call, 56,000 at the 1360 call and 50,800 at the 1240 call indicate aggressive positioning by option writers who are targeting a short‑term upside while locking premium in the current market. On the downside, the 1180 put accumulates 27,600 contracts, the 1080 put 22,400 contracts and the 1100 put 18,800 contracts, reflecting defensive hedging at key support levels as investors hedge against near‑term uncertainty today. The symmetry of additions points to a balanced stance between bullish and bearish exposures, indicating a cautious equilibrium.
Volatility Read
The at‑the‑money implied volatility stands at 30.04%, indicating moderate premium levels. The volatility skew remains neutral, with calls and puts displaying comparable implied volatility across strikes.
Key OI Levels
The highest call open interest sits at strike 1240 (1000 contracts) and the highest put open interest at strike 1180 (64,000 contracts).