NTPC Limited Option Chain Analysis
2026-04-282026-05-26
Total CE OI
6.60 Cr
Total PE OI
3.49 Cr
PCR
0.53
Bearish
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 180 | ₹— | 17.5% | — | — | — |
| — | — | — | —% | ₹— | 185 | ₹— | 16.9% | — | — | — |
| — | — | — | —% | ₹— | 190 | ₹— | 16.4% | — | — | — |
| — | — | — | —% | ₹— | 195 | ₹— | 15.8% | — | — | — |
| — | — | — | —% | ₹— | 200 | ₹— | 15.2% | — | — | — |
| — | — | — | —% | ₹— | 205 | ₹— | 14.7% | — | — | — |
| — | — | — | —% | ₹— | 210 | ₹— | 14.1% | — | — | — |
| — | — | — | —% | ₹— | 215 | ₹— | 13.6% | — | — | — |
| — | — | — | —% | ₹— | 220 | ₹— | 13.1% | — | — | — |
| — | — | — | —% | ₹— | 225 | ₹— | 12.6% | — | — | — |
| — | — | — | —% | ₹— | 230 | ₹— | 12.1% | — | — | — |
| — | — | — | —% | ₹— | 235 | ₹— | 11.7% | — | — | — |
| — | — | — | —% | ₹— | 240 | ₹— | 11.2% | — | — | — |
| — | — | — | —% | ₹— | 245 | ₹— | 10.7% | — | — | — |
| — | — | — | —% | ₹— | 250 | ₹— | 10.3% | — | — | — |
| — | — | — | —% | ₹— | 255 | ₹— | 9.9% | — | — | — |
| — | — | — | —% | ₹— | 260 | ₹— | 9.4% | — | — | — |
| — | — | — | —% | ₹— | 265 | ₹— | 9.0% | — | — | — |
| — | — | — | —% | ₹— | 270 | ₹— | 8.6% | — | — | — |
| — | — | — | —% | ₹— | 272.5 | ₹— | 8.4% | — | — | — |
| — | — | — | —% | ₹— | 275 | ₹— | 8.2% | — | — | — |
| — | — | — | —% | ₹— | 277.5 | ₹— | 8.0% | — | — | — |
| — | — | — | —% | ₹— | 280 | ₹— | 7.8% | — | — | — |
| — | — | — | —% | ₹— | 282.5 | ₹— | 7.6% | — | — | — |
| — | — | — | —% | ₹65.25 | 285 | ₹1.20 | —% | — | — | — |
| — | — | — | —% | ₹— | 287.5 | ₹— | 7.2% | — | — | — |
| — | — | — | —% | ₹60.75 | 290 | ₹1.60 | —% | — | — | — |
| — | — | — | —% | ₹— | 292.5 | ₹— | 6.8% | — | — | — |
| — | — | — | —% | ₹56.35 | 295 | ₹2.10 | —% | — | — | — |
| — | — | — | —% | ₹— | 297.5 | ₹— | 6.5% | — | — | — |
| 11K | 0 | — | —% | ₹92.20 | 300 | ₹0.05 | 75.5% | — | 0 | 47K |
| — | — | — | —% | ₹— | 302.5 | ₹— | 6.1% | — | — | — |
| 39K | 0 | — | —% | ₹74.75 | 305 | ₹0.05 | 71.5% | — | 0 | 1.5 L |
| — | — | — | —% | ₹— | 307.5 | ₹— | 5.7% | — | — | — |
| 18K | 0 | — | —% | ₹53.60 | 310 | ₹0.05 | 67.6% | — | 0 | 2.5 L |
| — | — | — | —% | ₹— | 312.5 | ₹— | 5.4% | — | — | — |
| 17K | 0 | — | 75.7% | ₹83.85 | 315 | ₹0.05 | 63.7% | — | 0 | 27K |
| — | — | — | —% | ₹— | 317.5 | ₹— | 5.0% | — | — | — |
| 1.6 L | 0 | — | —% | ₹45.00 | 320 | ₹0.05 | 59.8% | — | 0 | 4.2 L |
| — | — | — | —% | ₹— | 322.5 | ₹— | 4.7% | — | — | — |
| 89K | 0 | — | —% | ₹56.55 | 325 | ₹0.05 | 56.0% | — | 0 | 4.7 L |
| — | — | — | —% | ₹— | 327.5 | ₹— | 4.3% | — | — | — |
| 98K | 0 | — | —% | ₹57.20 | 330 | ₹0.05 | 52.3% | — | 0 | 4.1 L |
| 5K | 0 | — | —% | ₹58.25 | 332.5 | ₹0.10 | 54.8% | — | 0 | 1.3 L |
| 11K | 0 | — | —% | ₹60.40 | 335 | ₹0.05 | 48.5% | — | 0 | 99K |
| 6K | 0 | — | 59.8% | ₹61.50 | 337.5 | ₹0.05 | 46.7% | — | 0 | 24K |
| 66K | 0 | — | 68.7% | ₹59.50 | 340 | ₹0.05 | 45.5% | 96K | -89K | 5.8 L |
| 59K | 0 | — | —% | ₹50.55 | 342.5 | ₹0.20 | 51.6% | — | 0 | 99K |
| 48K | -2K | 3K | —% | ₹54.65 | 345 | ₹0.15 | 48.6% | 86K | -6K | 5.7 L |
| 11K | 0 | — | 52.9% | ₹51.60 | 347.5 | ₹0.05 | 39.3% | — | 0 | 1.2 L |
| 2.4 L | -3K | 9K | —% | ₹48.85 | 350 | ₹0.15 | 43.6% | 1.3 L | -74K | 12.4 L |
| 1.6 L | 0 | — | —% | ₹36.10 | 352.5 | ₹0.20 | 43.2% | — | 0 | 2.0 L |
| 2.5 L | 0 | — | —% | ₹41.65 | 355 | ₹0.15 | 40.0% | 24.1 L | +2.0 L | 21.9 L |
| 1.6 L | 0 | — | 46.2% | ₹41.75 | 357.5 | ₹0.25 | 40.4% | — | 0 | 1.5 L |
| 4.5 L | -2K | 5K | —% | ₹39.60 | 360 | ₹0.20 | 37.6% | 3.3 L | -14K | 11.7 L |
| 1.8 L | +2K | 9K | —% | ₹37.00 | 362.5 | ₹0.25 | 36.1% | — | 0 | 2.5 L |
| 4.4 L | 0 | — | 44.9% | ₹34.70 | 365 | ₹0.20 | 33.5% | 69K | -8K | 5.4 L |
| 40.2 L | 0 | — | —% | ₹27.40 | 367.5 | ₹0.25 | 32.3% | 15K | +3K | 6.2 L |
| 30.7 L | -21K | 45K | —% | ₹27.65 | 370 | ₹0.25 | 30.0% | 5.5 L | +90K | 26.6 L |
| 3.6 L | 0 | — | 24.5% | ₹26.40 | 372.5 | ₹0.35 | 29.5% | 15K | -3K | 2.9 L |
| 9.2 L | +9K | 78K | —% | ₹23.25 | 375 | ₹0.30 | 26.2% | 5.5 L | -74K | 9.8 L |
| 4.8 L | 0 | — | —% | ₹20.75 | 377.5 | ₹0.45 | 26.5% | 39K | -15K | 5.4 L |
| 49.5 L | +6K | 1.5 L | —% | ₹17.90 | 380 | ₹0.45 | 23.9% | 10.3 L | +44K | 38.1 L |
| 9.5 L | -23K | 29K | —% | ₹15.70 | 382.5 | ₹0.70 | 23.8% | 1.4 L | -23K | 8.2 L |
| 41.1 L | +5.3 L | 16.1 L | —% | ₹13.25 | 385 | ₹0.80 | 21.9% | 16.8 L | -69K | 19.1 L |
| 12.5 L | -24K | 59K | 13.9% | ₹11.15 | 387.5 | ₹1.15 | 21.7% | 9.7 L | -38K | 9.9 L |
| 43.8 L | -1.1 L | 7.6 L | 14.4% | ₹9.25 | 390 | ₹1.55 | 21.0% | 58.9 L | +81K | 32.7 L |
| 18.0 L | -78K | 5.4 L | 16.1% | ₹7.65 | 392.5 | ₹2.20 | 20.4% | 24.6 L | -8K | 13.3 L |
| 82.9 L | +29K | 24.6 L | 16.7% | ₹5.80 | 395 | ₹3.05 | 20.9% | 32.0 L | +20K | 26.7 L |
| 49.6 L | +1.1 L | 24.2 L | 17.3% | ₹4.35 | 397.5 | ₹4.10 | 20.7% | 29.2 L | +56K | 18.5 L |
| 95.9 L | +4.9 L | 1.49 Cr | 17.6% | ₹3.35 | 400ATM | ₹5.60 | 21.9% | 59.6 L | +3.1 L | 25.0 L |
| 15.4 L | +1.4 L | 42.5 L | 18.4% | ₹2.50 | 402.5 | ₹7.25 | 22.2% | 12.3 L | +3.5 L | 6.1 L |
| 53.7 L | +30K | 87.9 L | 18.4% | ₹1.75 | 405 | ₹9.10 | 22.8% | 11.4 L | +2.0 L | 5.6 L |
| 3.3 L | -60K | 19.2 L | 19.3% | ₹1.30 | 407.5 | ₹11.30 | 26.6% | 1.6 L | +1.3 L | 1.6 L |
| 22.3 L | -1.7 L | 78.0 L | 19.5% | ₹0.90 | 410 | ₹13.30 | 26.6% | 27K | 0 | 1.2 L |
| 3.7 L | +3K | 5.8 L | 20.6% | ₹0.75 | 412.5 | ₹14.05 | 17.3% | — | 0 | 9K |
| 8.8 L | +59K | 14.4 L | 21.5% | ₹0.55 | 415 | ₹17.20 | 29.6% | 5K | -3K | 18K |
| 1.8 L | +1.1 L | 1.8 L | 22.2% | ₹0.45 | 417.5 | ₹18.65 | 11.9% | — | 0 | 11K |
| 18.5 L | +2.5 L | 31.5 L | 22.9% | ₹0.30 | 420 | ₹20.40 | 30.2% | 12K | 0 | 9K |
| — | — | — | 62.9% | ₹5.85 | 422.5 | ₹40.75 | 116.7% | — | — | — |
| 5.9 L | +5K | 6.1 L | 25.0% | ₹0.20 | 425 | ₹26.05 | —% | — | 0 | 3K |
| — | — | — | 1.5% | ₹— | 427.5 | ₹— | —% | — | — | — |
| 5.8 L | -62K | 2.8 L | 27.1% | ₹0.15 | 430 | ₹31.25 | 26.3% | — | 0 | 2K |
| — | — | — | 1.8% | ₹— | 432.5 | ₹— | —% | — | — | — |
| 1.4 L | 0 | 6K | 29.4% | ₹0.15 | 435 | ₹42.65 | 82.0% | — | 0 | 5K |
| — | — | — | 2.0% | ₹— | 437.5 | ₹— | —% | — | — | — |
| 3.3 L | -5K | 93K | 32.0% | ₹0.10 | 440 | ₹40.80 | —% | — | 0 | 11K |
| — | — | — | 2.3% | ₹— | 442.5 | ₹— | —% | — | — | — |
| — | — | 30K | 30.4% | ₹0.05 | 445 | ₹81.75 | 232.5% | — | — | — |
| — | — | — | 2.5% | ₹— | 447.5 | ₹— | —% | — | — | — |
| 11K | +3K | 11K | 34.3% | ₹0.05 | 450 | ₹99.10 | 294.0% | — | — | — |
| — | — | — | 2.8% | ₹— | 452.5 | ₹— | —% | — | — | — |
| 2K | 0 | — | 42.9% | ₹0.15 | 455 | ₹82.75 | 205.2% | — | — | — |
| — | — | — | 3.0% | ₹— | 457.5 | ₹— | —% | — | — | — |
| — | — | — | 3.1% | ₹— | 460 | ₹— | —% | — | — | — |
| — | — | — | 3.3% | ₹— | 462.5 | ₹— | —% | — | — | — |
| — | — | — | 3.4% | ₹— | 465 | ₹— | —% | — | — | — |
| — | — | — | 3.5% | ₹— | 467.5 | ₹— | —% | — | — | — |
| — | — | — | 3.6% | ₹— | 470 | ₹— | —% | — | — | — |
| — | — | — | 3.7% | ₹— | 472.5 | ₹— | —% | — | — | — |
| — | — | — | 3.9% | ₹— | 475 | ₹— | —% | — | — | — |
| — | — | — | 4.0% | ₹— | 477.5 | ₹— | —% | — | — | — |
| — | — | — | 4.1% | ₹— | 480 | ₹— | —% | — | — | — |
| — | — | — | 4.2% | ₹— | 482.5 | ₹— | —% | — | — | — |
| — | — | — | 4.3% | ₹— | 485 | ₹— | —% | — | — | — |
| — | — | — | 4.4% | ₹— | 487.5 | ₹— | —% | — | — | — |
| — | — | — | 4.5% | ₹— | 490 | ₹— | —% | — | — | — |
| — | — | — | 4.8% | ₹— | 495 | ₹— | —% | — | — | — |
| — | — | — | 5.0% | ₹— | 500 | ₹— | —% | — | — | — |
| — | — | — | 5.2% | ₹— | 505 | ₹— | —% | — | — | — |
| — | — | — | 5.4% | ₹— | 510 | ₹— | —% | — | — | — |
| — | — | — | 5.6% | ₹— | 515 | ₹— | —% | — | — | — |
| — | — | — | 5.8% | ₹— | 520 | ₹— | —% | — | — | — |
| — | — | — | 6.1% | ₹— | 525 | ₹— | —% | — | — | — |
| — | — | — | 6.3% | ₹— | 530 | ₹— | —% | — | — | — |
| — | — | — | 6.5% | ₹— | 535 | ₹— | —% | — | — | — |
| — | — | — | 6.7% | ₹— | 540 | ₹— | —% | — | — | — |
| — | — | — | 6.9% | ₹— | 545 | ₹— | —% | — | — | — |
| — | — | — | 7.1% | ₹— | 550 | ₹— | —% | — | — | — |
| — | — | — | 7.3% | ₹— | 555 | ₹— | —% | — | — | — |
| — | — | — | 7.5% | ₹— | 560 | ₹— | —% | — | — | — |
| — | — | — | 7.7% | ₹— | 565 | ₹— | —% | — | — | — |
| — | — | — | 7.9% | ₹— | 570 | ₹— | —% | — | — | — |
| — | — | — | 8.1% | ₹— | 575 | ₹— | —% | — | — | — |
| — | — | — | 8.3% | ₹— | 580 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
AI AnalysisGenerated daily after market close · AI-powered
Key Strike Levels
Strong put and call OI concentrations at ₹180 indicate a psychological floor and cap, anchoring the wider range. Immediate resistance forms near ₹420, where fresh longs face headwinds from prior CE buildup. Support holds at ₹400–₹402.5, backed by robust PE accumulation, while the spot tests the upper end of the implied range.
OI Buildup Activity
Call writers add significant short positions at ₹385, ₹400, and ₹420, signaling bearish conviction just above spot. Fresh longs absorb this supply, but defensive capping near ₹420 suggests option writers are constraining upside momentum. On the put side, aggressive OI accumulation at ₹402.5 and ₹400 reflects strong hedging or anticipatory long put positioning below current levels.
Volatility Read
ATM volatility at 17.31% sits modestly elevated, reflecting cautious positioning amid event risk or earnings anticipation. A bearish skew confirms traders favor downside protection, with puts commanding a volatility premium over calls.
Strategy Implication
Bias tilts mildly bearish with capped upside, favoring premium sellers near ₹420 or spread structures exploiting elevated put skew.
Related Analysis
Frequently Asked Questions
What is the highest call OI strike for NTPC Limited today?▾
The strike with highest call (CE) open interest for NTPC Limited is ₹400 for the 2026-04-28 expiry. This acts as a key resistance level since call writers will defend this strike aggressively near expiry.
What is the highest put OI strike for NTPC Limited today?▾
The strike with highest put (PE) open interest for NTPC Limited is ₹380 for the 2026-04-28 expiry. This acts as a key support level — put writers will tend to defend this level near expiry.
What does OI buildup in NTPC Limited options mean?▾
Open Interest (OI) buildup in NTPC Limited options shows how many net new contracts are being created at each strike. Rising OI at a strike means fresh positions (writers or buyers). Rising OI with rising price = long buildup (bullish); rising OI with falling price = short buildup (bearish).
When does NTPC Limited options expire?▾
NTPC Limited options have their nearest expiry on 2026-04-28. NSE F&O stocks have monthly expiry contracts — typically the last Tuesday of each month. MarketNetra shows data for the nearest two expiries.
How to read NTPC Limited option chain?▾
The NTPC Limited option chain shows calls (CE) on the left and puts (PE) on the right for each strike price. Key columns: OI (total open contracts), OI Change (new positions today), Volume (today's trades), IV (implied volatility — higher = more uncertainty), and LTP (last traded price). The ATM (at-the-money) strike is highlighted in blue.