NTPC Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 250 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 255 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 260 | ₹— | —% | — | -3K | 5K |
| 0 | 0 | — | —% | ₹— | 265 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 267.5 | ₹— | —% | — | 0 | 0 |
| 5K | 0 | — | —% | ₹— | 270 | ₹— | —% | — | +8.1 L | 10.3 L |
| 0 | 0 | — | —% | ₹— | 272.5 | ₹— | —% | — | +41K | 41K |
| 0 | 0 | — | —% | ₹— | 275 | ₹— | —% | — | +53K | 56K |
| 0 | 0 | — | —% | ₹— | 277.5 | ₹— | —% | — | +11K | 15K |
| 35K | 0 | — | —% | ₹— | 280 | ₹— | —% | — | -90K | 8.7 L |
| 0 | 0 | — | —% | ₹— | 282.5 | ₹— | —% | — | +14K | 65K |
| 0 | 0 | — | —% | ₹— | 285 | ₹— | —% | — | +1.2 L | 3.1 L |
| 18K | 0 | — | —% | ₹— | 287.5 | ₹— | —% | — | +20K | 29K |
| 1.2 L | +6K | — | —% | ₹— | 290 | ₹— | —% | — | -1.2 L | 5.3 L |
| 60K | 0 | — | —% | ₹— | 292.5 | ₹— | —% | — | +14K | 1.2 L |
| 1.5 L | +3K | — | —% | ₹— | 295 | ₹— | —% | — | +17K | 4.0 L |
| 3.2 L | +50K | — | —% | ₹— | 297.5 | ₹— | —% | — | +60K | 2.4 L |
| 16.7 L | +5.2 L | — | —% | ₹— | 300ATM | ₹— | —% | — | +2.9 L | 17.0 L |
| 2.4 L | +1.6 L | — | —% | ₹— | 302.5 | ₹— | —% | — | +87K | 1.8 L |
| 7.7 L | +2.5 L | — | —% | ₹— | 305 | ₹— | —% | — | +47K | 3.1 L |
| 1.3 L | -9K | — | —% | ₹— | 307.5 | ₹— | —% | — | +8K | 26K |
| 12.6 L | +1.5 L | — | —% | ₹— | 310 | ₹— | —% | — | -39K | 7.2 L |
| 62K | +26K | — | —% | ₹— | 312.5 | ₹— | —% | — | 0 | 11K |
| 5.0 L | +45K | — | —% | ₹— | 315 | ₹— | —% | — | 0 | 74K |
| 1.5 L | +23K | — | —% | ₹— | 317.5 | ₹— | —% | — | 0 | 11K |
| 17.6 L | +3.1 L | — | —% | ₹— | 320 | ₹— | —% | — | +27K | 2.9 L |
| 50K | -12K | — | —% | ₹— | 322.5 | ₹— | —% | — | 0 | 0 |
| 2.3 L | -18K | — | —% | ₹— | 325 | ₹— | —% | — | 0 | 90K |
| 2K | +2K | — | —% | ₹— | 327.5 | ₹— | —% | — | 0 | 0 |
| 13.5 L | +9.1 L | — | —% | ₹— | 330 | ₹— | —% | — | 0 | 2.5 L |
| 2K | +2K | — | —% | ₹— | 332.5 | ₹— | —% | — | 0 | 2K |
| 75K | +18K | — | —% | ₹— | 335 | ₹— | —% | — | 0 | 59K |
| 0 | 0 | — | —% | ₹— | 337.5 | ₹— | —% | — | 0 | 0 |
| 4.1 L | +12K | — | —% | ₹— | 340 | ₹— | —% | — | +2K | 3.3 L |
| 0 | 0 | — | —% | ₹— | 342.5 | ₹— | —% | — | 0 | 0 |
| 5K | 0 | — | —% | ₹— | 345 | ₹— | —% | — | 0 | 9K |
| 2K | 0 | — | —% | ₹— | 347.5 | ₹— | —% | — | 0 | 2K |
| 5.0 L | +47K | — | —% | ₹— | 350 | ₹— | —% | — | +2K | 1.5 L |
| 0 | 0 | — | —% | ₹— | 352.5 | ₹— | —% | — | 0 | 0 |
| 8K | 0 | — | —% | ₹— | 355 | ₹— | —% | — | 0 | 11K |
| 72K | +17K | — | —% | ₹— | 360 | ₹— | —% | — | 0 | 35K |
| 5K | 0 | — | —% | ₹— | 365 | ₹— | —% | — | 0 | 5K |
| 74K | +3K | — | —% | ₹— | 370 | ₹— | —% | — | +2K | 26K |
| 54K | +6K | — | —% | ₹— | 375 | ₹— | —% | — | 0 | 2.0 L |
| 5.6 L | +3K | — | —% | ₹— | 400 | ₹— | —% | — | 0 | 22.1 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 call open‑interest is most concentrated at the 150 strike, indicating a resistance zone near ₹300, and the sizable open‑interest pool of 150 contracts underscores a strong seller‑capped ceiling. The put open‑interest mirrors this at the 150 strike, marking a support level around the same price, with the equal magnitude of put contracts suggesting a balanced defensive floor. Together they frame an implied price range of roughly ₹285‑₹315 for the November expiry, aligning with the current spot of ₹303.75 and reflecting market consensus on near‑term valuation.
OI Buildup Activity
New call open‑interest adds 9,09,000 contracts at the 330 strike, 5,22,000 at 300 and 3,04,500 at 320, reflecting aggressive writing at higher strikes and a notable escalation in premium absorption. On the put side, fresh builds of 8,07,000 contracts at 270, 2,89,500 at 300 and 1,17,000 at 285 show writers stacking protection near the current spot, indicating a layered hedging strategy. The distribution suggests market participants are positioning for a moderately bullish bias while hedging downside risk, as evidenced by the disproportionate OI accumulation above and below the spot level.
Volatility Read
The at‑the‑money implied volatility stands at 15.83%, indicating modest premium levels relative to historical averages for this equity. The volatility skew is neutral, implying comparable pricing for out‑of‑the‑money calls and puts and suggesting no pronounced directional bias from option writers.
Key OI Levels
The strikes with the highest call and put open‑interest concentration are both at 150.