Multi Commodity Exchange of India Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 2,500 | ₹— | —% | — | +3K | 26K |
| 450 | 0 | — | —% | ₹— | 2,600 | ₹— | —% | — | +8K | 50K |
| 37K | +1K | — | —% | ₹— | 2,700 | ₹— | —% | — | +4K | 54K |
| 0 | 0 | — | —% | ₹— | 2,750 | ₹— | —% | — | +4K | 10K |
| 29K | 0 | — | —% | ₹— | 2,800 | ₹— | —% | — | -5K | 1.4 L |
| 0 | 0 | — | —% | ₹— | 2,850 | ₹— | —% | — | -450 | 23K |
| 32K | +2K | — | —% | ₹— | 2,900 | ₹— | —% | — | +4K | 1.2 L |
| 7K | 0 | — | —% | ₹— | 2,950 | ₹— | —% | — | +13K | 55K |
| 1.4 L | 0 | — | —% | ₹— | 3,000 | ₹— | —% | — | +3K | 3.3 L |
| 90K | -675 | — | —% | ₹— | 3,050 | ₹— | —% | — | +12K | 59K |
| 2.6 L | -10K | — | —% | ₹— | 3,100 | ₹— | —% | — | +22K | 2.5 L |
| 80K | +4K | — | —% | ₹— | 3,150 | ₹— | —% | — | -3K | 88K |
| 4.4 L | +17K | — | —% | ₹— | 3,200ATM | ₹— | —% | — | +6K | 2.8 L |
| 93K | +23K | — | —% | ₹— | 3,250 | ₹— | —% | — | -225 | 13K |
| 3.2 L | +4K | — | —% | ₹— | 3,300 | ₹— | —% | — | +1K | 82K |
| 49K | +7K | — | —% | ₹— | 3,350 | ₹— | —% | — | +225 | 11K |
| 2.1 L | +23K | — | —% | ₹— | 3,400 | ₹— | —% | — | +1K | 65K |
| 35K | +14K | — | —% | ₹— | 3,450 | ₹— | —% | — | -225 | 2K |
| 2.3 L | +3K | — | —% | ₹— | 3,500 | ₹— | —% | — | +450 | 36K |
| 32K | +9K | — | —% | ₹— | 3,550 | ₹— | —% | — | 0 | 2K |
| 1.1 L | +5K | — | —% | ₹— | 3,600 | ₹— | —% | — | 0 | 7K |
| 22K | +9K | — | —% | ₹— | 3,650 | ₹— | —% | — | 0 | 0 |
| 55K | +5K | — | —% | ₹— | 3,700 | ₹— | —% | — | 0 | 11K |
| 1.0 L | +28K | — | —% | ₹— | 3,800 | ₹— | —% | — | 0 | 2K |
| 49K | +10K | — | —% | ₹— | 3,900 | ₹— | —% | — | 0 | 6K |
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) picture shows a tight concentration around the 3,200–3,400 ₹ band, suggesting that market participants anticipate the underlying to trade within this corridor as expiry approaches. The highest call OI sits at the 1 500 ₹ strike, which historically acts as a resistance zone, while the largest put OI is also at the 1 500 ₹ strike, marking a supportive reference point. Consequently, the implied price range for the next 30 days is framed by the 3,200 ₹ and 3,400 ₹ levels, with the 1 500 ₹ strikes anchoring the extreme ends of the distribution.
OI Buildup Activity
Fresh OI accumulation is evident at the 3 800 ₹ call (3 800 ₹ + 28 125 contracts) and 3 400 ₹ call (3 400 ₹ + 22 950 contracts), indicating that writers are stacking positions near these upper strikes. On the put side, significant additions appear at 3 100 ₹ (3 100 ₹ + 22 275 contracts), 2 950 ₹ (2 950 ₹ + 12 825 contracts) and 3 050 ₹ (3 050 ₹ + 12 375 contracts), reflecting a parallel buildup of downside protection. The symmetric influx of OI on both sides points to a balanced hedging posture, with market makers likely preparing for potential directional moves while maintaining delta‑neutral exposure.
Volatility Read
The at‑the‑money implied volatility stands at 36.56 %, indicating a moderately elevated premium environment for the upcoming expiry. A bearish skew is present, meaning out‑of‑the‑money puts are priced higher relative to calls, which aligns with the observed put OI concentration.
Key OI Levels
The strikes with the highest concentration are 1 500 ₹ for both call and put open interest.