Max Financial Services Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 760 | ₹— | 17.6% | — | — | — |
| — | — | — | —% | ₹— | 800 | ₹— | 16.5% | — | — | — |
| — | — | — | —% | ₹— | 840 | ₹— | 15.4% | — | — | — |
| — | — | — | —% | ₹— | 880 | ₹— | 14.4% | — | — | — |
| — | — | — | —% | ₹— | 920 | ₹— | 13.4% | — | — | — |
| — | — | — | —% | ₹— | 960 | ₹— | 12.5% | — | — | — |
| — | — | — | —% | ₹— | 980 | ₹— | 12.0% | — | — | — |
| — | — | — | —% | ₹— | 1,000 | ₹— | 11.6% | — | — | — |
| — | — | — | —% | ₹— | 1,020 | ₹— | 11.2% | — | — | — |
| — | — | — | —% | ₹— | 1,040 | ₹— | 10.7% | — | — | — |
| — | — | — | —% | ₹— | 1,060 | ₹— | 10.3% | — | — | — |
| — | — | — | —% | ₹— | 1,080 | ₹— | 9.9% | — | — | — |
| — | — | — | —% | ₹— | 1,100 | ₹— | 9.5% | — | — | — |
| — | — | — | —% | ₹— | 1,120 | ₹— | 9.1% | — | — | — |
| — | — | — | —% | ₹— | 1,140 | ₹— | 8.7% | — | — | — |
| — | — | — | —% | ₹— | 1,160 | ₹— | 8.3% | — | — | — |
| — | — | — | —% | ₹— | 1,180 | ₹— | 8.0% | — | — | — |
| — | — | — | —% | ₹— | 1,200 | ₹— | 7.6% | — | — | — |
| — | — | — | —% | ₹— | 1,220 | ₹— | 7.2% | — | — | — |
| 800 | 0 | — | —% | ₹376.55 | 1,240 | ₹0.50 | —% | — | 0 | 8K |
| — | — | — | —% | ₹559.85 | 1,260 | ₹0.05 | 68.0% | — | — | — |
| 6K | 0 | 400 | —% | ₹384.35 | 1,280 | ₹2.00 | —% | — | 0 | 400 |
| 1K | 0 | — | —% | ₹400.25 | 1,300 | ₹0.60 | 79.6% | — | 0 | 14K |
| 2K | 0 | 400 | —% | ₹344.55 | 1,320 | ₹0.60 | 75.5% | — | 0 | 3K |
| 3K | 0 | 400 | —% | ₹324.50 | 1,340 | ₹0.80 | 74.3% | — | 0 | 10K |
| — | — | — | —% | ₹251.25 | 1,360 | ₹10.10 | 113.2% | — | 0 | 400 |
| 400 | 0 | — | —% | ₹240.15 | 1,380 | ₹0.35 | 59.2% | — | 0 | 8K |
| — | — | — | —% | ₹218.60 | 1,400 | ₹0.60 | 54.4% | 16K | -7K | 26K |
| 2K | 0 | — | —% | ₹178.15 | 1,420 | ₹0.40 | 52.6% | — | 0 | 4K |
| 800 | -400 | 800 | 51.0% | ₹221.90 | 1,440 | ₹1.60 | 60.1% | — | 0 | 20K |
| 25K | 0 | 400 | —% | ₹205.05 | 1,460 | ₹1.60 | 55.8% | — | 0 | 85K |
| 1K | 0 | — | —% | ₹200.85 | 1,480 | ₹1.10 | 45.0% | 4K | -2K | 10K |
| 37K | 0 | — | —% | ₹157.25 | 1,500 | ₹1.15 | 42.4% | 5K | 0 | 72K |
| 11K | 0 | — | —% | ₹153.45 | 1,520 | ₹2.05 | 44.9% | — | 0 | 22K |
| 23K | -1K | 8K | 38.7% | ₹122.25 | 1,540 | ₹3.55 | 37.8% | 20K | -400 | 20K |
| 15K | -2K | 7K | 34.5% | ₹101.30 | 1,560 | ₹4.80 | 36.4% | 12K | -3K | 9K |
| 13K | 0 | — | 40.6% | ₹117.60 | 1,580 | ₹7.20 | 34.8% | 34K | -5K | 33K |
| 66K | 0 | 4K | 35.5% | ₹69.60 | 1,600 | ₹11.00 | 34.1% | 58K | -6K | 48K |
| 6K | 0 | — | 28.4% | ₹77.00 | 1,620 | ₹14.55 | 44.5% | — | 0 | 10K |
| 35K | -2K | 24K | 30.9% | ₹37.40 | 1,640 | ₹22.85 | 32.5% | 1.3 L | +800 | 36K |
| 31K | +19K | 90K | 31.3% | ₹27.50 | 1,660 | ₹32.20 | 32.6% | 1.1 L | +22K | 55K |
| 46K | +12K | 1.0 L | 30.6% | ₹18.40 | 1,680 | ₹42.50 | 31.7% | 75K | +2K | 46K |
| 1.1 L | +15K | 3.1 L | 30.9% | ₹12.70 | 1,700 | ₹57.50 | 31.7% | 11K | -2K | 24K |
| 54K | +10K | 31K | 30.9% | ₹7.90 | 1,720 | ₹51.60 | 37.0% | — | 0 | 14K |
| 86K | +400 | 30K | 30.8% | ₹4.70 | 1,740 | ₹85.25 | 31.5% | 5K | +400 | 12K |
| 16K | -2K | 29K | 31.1% | ₹2.80 | 1,760 | ₹79.50 | 36.6% | — | 0 | 1K |
| 46K | -800 | 22K | 31.5% | ₹1.80 | 1,780 | ₹53.00 | —% | — | — | — |
| 2.7 L | -6K | 65K | 32.3% | ₹1.10 | 1,800ATM | ₹133.95 | 67.1% | — | 0 | 2K |
| 25K | 0 | — | 31.3% | ₹1.75 | 1,820 | ₹295.85 | 226.9% | — | 0 | 2K |
| 27K | -800 | 4K | 33.5% | ₹0.45 | 1,840 | ₹257.35 | 172.8% | — | — | — |
| 40K | -4K | 10K | 34.4% | ₹0.40 | 1,860 | ₹88.45 | —% | — | — | — |
| 1K | 0 | — | 56.9% | ₹6.75 | 1,880 | ₹176.00 | —% | — | 0 | 2K |
| 13K | 0 | — | 45.6% | ₹1.80 | 1,900 | ₹335.20 | 211.5% | — | +1K | 1K |
| 9K | 0 | — | 41.9% | ₹0.70 | 1,920 | ₹194.00 | —% | — | 0 | 800 |
| 800 | +800 | — | 49.3% | ₹1.30 | 1,940 | ₹134.85 | —% | — | — | — |
| 2K | 0 | — | 44.2% | ₹0.40 | 1,960 | ₹362.85 | 194.4% | — | — | — |
| 6K | 0 | — | 53.5% | ₹1.05 | 1,980 | ₹— | —% | — | — | — |
| — | — | — | 80.5% | ₹7.00 | 2,000 | ₹399.75 | 202.0% | — | — | — |
| — | — | — | 3.9% | ₹— | 2,020 | ₹— | —% | — | — | — |
| 2K | 0 | — | 101.5% | ₹12.70 | 2,040 | ₹533.70 | —% | — | 0 | 400 |
| — | — | — | 4.3% | ₹— | 2,060 | ₹— | —% | — | — | — |
| 1K | 0 | — | 74.3% | ₹2.00 | 2,080 | ₹475.25 | —% | — | — | — |
| — | — | — | 4.8% | ₹— | 2,100 | ₹— | —% | — | — | — |
| — | — | — | 5.0% | ₹— | 2,120 | ₹— | —% | — | — | — |
| — | — | — | 5.2% | ₹— | 2,140 | ₹— | —% | — | — | — |
| — | — | — | 5.4% | ₹— | 2,160 | ₹— | —% | — | — | — |
| — | — | — | 5.6% | ₹— | 2,180 | ₹— | —% | — | — | — |
| — | — | — | 5.8% | ₹— | 2,200 | ₹— | —% | — | — | — |
| — | — | — | 6.2% | ₹— | 2,240 | ₹— | —% | — | — | — |
| — | — | — | 6.6% | ₹— | 2,280 | ₹— | —% | — | — | — |
| — | — | — | 7.0% | ₹— | 2,320 | ₹— | —% | — | — | — |
| — | — | — | 7.3% | ₹— | 2,360 | ₹— | —% | — | — | — |
| — | — | — | 7.7% | ₹— | 2,400 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
Key Strike Levels
Strong resistance is immediate at ₹1700, where massive call OI sits at 1000 contracts. Put OI peaks at ₹1000, marking the primary support zone, though price remains far above it. The implied range centers around ₹1660–₹1680, where concentrated two-way OI suggests near-term battlelines.
OI Buildup Activity
Fresh longs are building in 1660 and 1680 calls, with OI surging +19,200 and +12,400 respectively, indicating aggressive call buying. On the put side, 1660 sees massive fresh writing with +22,400 OI added, pointing to strong defensive positioning at that strike. The 1700 call also sees significant new longs, suggesting upside conviction despite limited time value.
Volatility Read
ATM IV at 31.24% reflects elevated premium levels, supporting seller advantage in strategies. The bearish skew—driven by outsized put activity at 1660—indicates hedging pressure and downside bias among writers.
Strategy Implication
Bias favors short premium strategies near 1660–1680, with cautious upside tracking above 1700.