NTPC Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 280 | ₹— | —% | — | 0 | 17K |
| 0 | 0 | — | —% | ₹— | 290 | ₹— | —% | — | 0 | 24K |
| 0 | 0 | — | —% | ₹— | 295 | ₹— | —% | — | 0 | 0 |
| 86K | +2K | — | —% | ₹— | 300 | ₹— | —% | — | -12K | 14.3 L |
| 59K | 0 | — | —% | ₹— | 305 | ₹— | —% | — | -30K | 4.0 L |
| 1.2 L | 0 | — | —% | ₹— | 310 | ₹— | —% | — | -9K | 7.7 L |
| 71K | -2K | — | —% | ₹— | 315 | ₹— | —% | — | -14K | 7.9 L |
| 10.7 L | -12K | — | —% | ₹— | 320 | ₹— | —% | — | +51K | 18.2 L |
| 32.4 L | -9K | — | —% | ₹— | 325 | ₹— | —% | — | +1.9 L | 14.7 L |
| 22.4 L | -3.6 L | — | —% | ₹— | 330 | ₹— | —% | — | +2.7 L | 22.3 L |
| 30.4 L | -1.0 L | — | —% | ₹— | 335 | ₹— | —% | — | +90K | 7.2 L |
| 79.2 L | -63K | — | —% | ₹— | 340ATM | ₹— | —% | — | -99K | 28.9 L |
| 58.8 L | +6.5 L | — | —% | ₹— | 345 | ₹— | —% | — | -23K | 3.5 L |
| 40.2 L | -1.0 L | — | —% | ₹— | 350 | ₹— | —% | — | -54K | 8.3 L |
| 6.2 L | -14K | — | —% | ₹— | 355 | ₹— | —% | — | 0 | 1.4 L |
| 30.9 L | +2.9 L | — | —% | ₹— | 360 | ₹— | —% | — | -2K | 4.8 L |
| 11.8 L | -2K | — | —% | ₹— | 365 | ₹— | —% | — | 0 | 8K |
| 17.1 L | +17K | — | —% | ₹— | 370 | ₹— | —% | — | 0 | 99K |
| 3.5 L | +18K | — | —% | ₹— | 375 | ₹— | —% | — | 0 | 1.0 L |
| 4.5 L | -42K | — | —% | ₹— | 380 | ₹— | —% | — | 0 | 92K |
| — | — | — | —% | ₹— | 385 | ₹— | —% | — | 0 | 30K |
| 2.7 L | 0 | — | —% | ₹— | 390 | ₹— | —% | — | 0 | 57K |
| 12.4 L | 0 | — | —% | ₹— | 400 | ₹— | —% | — | 0 | 23.6 L |
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) map shows a tight concentration around the ₹340–₹350 corridor, with the largest CE OI sitting at the ₹360 strike and the largest PE OI at the ₹330 level. This clustering pins the market’s implied range between roughly ₹330 and ₹360 for the September expiry. The resistance‑leaning CE OI at ₹360, together with the support‑leaning PE OI at ₹330, creates a “band” that many market participants view as the most contested zone as the contract approaches settlement.
OI Buildup Activity
During the latest reporting window, fresh OI adds are evident on both sides of the market. Call OI rises sharply at the ₹345 strike (+6 contracts, 45,000 new OI) and modestly at ₹360 (+2 contracts, 80,500 new OI) and ₹370 (+9 contracts, new OI). On the put side, new OI accumulates at the ₹330 strike (+2 contracts, 73,000 new OI), the ₹325 strike (+1 contract, 87,500 new OI) and the ₹335 strike (+90,000 new OI). The inflow of fresh OI suggests that option writers are positioning to collect premium near the identified support and resistance levels.
Volatility Read
The at‑the‑money implied volatility sits at 13.83 percent for the September contract, reflecting a moderate expectation of price movement over the remaining weeks. The volatility skew is bearish, indicating that out‑of‑the‑money puts carry higher implied volatilities than comparable calls, a pattern often linked to downside bias among participants.
Key OI Levels
The highest CE OI concentrates at the ₹360 strike, while the highest PE OI concentrates at the ₹330 strike.