National Aluminium Company Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 250 | ₹— | —% | — | +23K | 1.6 L |
| 0 | 0 | — | —% | ₹— | 255 | ₹— | —% | — | 0 | 2K |
| 71K | 0 | — | —% | ₹— | 260 | ₹— | —% | — | -4K | 2.0 L |
| 0 | 0 | — | —% | ₹— | 265 | ₹— | —% | — | +68K | 77K |
| 0 | 0 | — | —% | ₹— | 270 | ₹— | —% | — | +8K | 1.2 L |
| 15K | 0 | — | —% | ₹— | 275 | ₹— | —% | — | +1.5 L | 1.8 L |
| 21K | 0 | — | —% | ₹— | 280 | ₹— | —% | — | +13K | 3.6 L |
| 28K | 0 | — | —% | ₹— | 285 | ₹— | —% | — | +4K | 83K |
| 2.4 L | +2K | — | —% | ₹— | 290 | ₹— | —% | — | -60K | 3.5 L |
| 1.1 L | 0 | — | —% | ₹— | 295 | ₹— | —% | — | +36K | 1.5 L |
| 7.7 L | -30K | — | —% | ₹— | 300 | ₹— | —% | — | -99K | 11.4 L |
| 2.5 L | +15K | — | —% | ₹— | 305 | ₹— | —% | — | +75K | 4.6 L |
| 9.9 L | -43K | — | —% | ₹— | 310 | ₹— | —% | — | +1.1 L | 12.7 L |
| 3.9 L | -11K | — | —% | ₹— | 315 | ₹— | —% | — | +1.7 L | 6.6 L |
| 12.1 L | -4.1 L | — | —% | ₹— | 320 | ₹— | —% | — | +1.6 L | 10.1 L |
| 3.7 L | +1.1 L | — | —% | ₹— | 325 | ₹— | —% | — | +68K | 1.4 L |
| 17.5 L | +7.9 L | — | —% | ₹— | 330 | ₹— | —% | — | +1.1 L | 4.4 L |
| 3.4 L | +1.2 L | — | —% | ₹— | 335 | ₹— | —% | — | +36K | 53K |
| 6.2 L | +2.4 L | — | —% | ₹— | 340 | ₹— | —% | — | +26K | 3.2 L |
| 1.5 L | +92K | — | —% | ₹— | 345 | ₹— | —% | — | 0 | 2K |
| 12.4 L | +2.5 L | — | —% | ₹— | 350ATM | ₹— | —% | — | -4K | 12.3 L |
| 1.6 L | +1.6 L | — | —% | ₹— | 355 | ₹— | —% | — | 0 | 0 |
| 3.9 L | +1.4 L | — | —% | ₹— | 360 | ₹— | —% | — | -4K | 1.8 L |
| 2.0 L | +1.5 L | — | —% | ₹— | 365 | ₹— | —% | — | 0 | 6K |
| 3.1 L | +47K | — | —% | ₹— | 370 | ₹— | —% | — | +4K | 1.5 L |
| 36K | +34K | — | —% | ₹— | 375 | ₹— | —% | — | 0 | 0 |
| 5.0 L | +1.4 L | — | —% | ₹— | 380 | ₹— | —% | — | +2K | 5.2 L |
| 3.2 L | +15K | — | —% | ₹— | 390 | ₹— | —% | — | 0 | 6.1 L |
| 4.7 L | +49K | — | —% | ₹— | 400 | ₹— | —% | — | — | — |
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 clusters prominently around the 340, 350 and 330 Call strikes, together with the 315, 320 and 275 Put strikes, indicating a clear concentration of market participants. This pattern strongly suggests a market‑defined range roughly between ₹315 and ₹350 for the November expiry, giving a tangible boundary for price expectations. The concentration of 150 contracts each at the 340 Call and 315 Put acts as a robust near‑term resistance and support respectively, anchoring the implied price corridor.
OI Buildup Activity
New Call open interest adds aggressively 330 (+7,81,875), 350 (+2,73,750) and 340 (+2,38,125) contracts, indicating pronounced positioning by option writers at higher strikes. On the Put side, fresh additions appear decisively at 315 (+1,66,875), 320 (+1,55,625) and 275 (+1,46,250), reflecting a defensive bias to protect downside risk. The net inflow of fresh OI across both sides points clearly to a tightening of the implied payoff curve as expiry approaches, tightening the risk‑reward profile.
Volatility Read
The at‑the‑money implied volatility stands at 30.49 %, consistent with typical equity‑index levels for a mid‑cap commodity exposure and signalling moderate price dispersion. The volatility skew is neutral, implying balanced pricing between out‑of‑the‑money Calls and Puts, with no pronounced premium on either side.
Key OI Levels
The highest Call open interest of 150 contracts resides at the 340 strike, while the highest Put open interest of 150 contracts is located at the 315 strike.