Oil India Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 250 | ₹— | 14.1% | — | — | — |
| — | — | — | —% | ₹— | 260 | ₹— | 13.2% | — | — | — |
| — | — | — | —% | ₹— | 270 | ₹— | 12.3% | — | — | — |
| — | — | — | —% | ₹— | 280 | ₹— | 11.5% | — | — | — |
| — | — | — | —% | ₹— | 290 | ₹— | 10.8% | — | — | — |
| — | — | — | —% | ₹— | 300 | ₹— | 10.0% | — | — | — |
| — | — | — | —% | ₹— | 310 | ₹— | 9.3% | — | — | — |
| — | — | — | —% | ₹— | 320 | ₹— | 8.6% | — | — | — |
| — | — | — | —% | ₹— | 325 | ₹— | 8.3% | — | — | — |
| — | — | — | —% | ₹— | 330 | ₹— | 7.9% | — | — | — |
| — | — | — | —% | ₹— | 335 | ₹— | 7.6% | — | — | — |
| — | — | — | —% | ₹— | 340 | ₹— | 7.3% | — | — | — |
| — | — | — | —% | ₹— | 345 | ₹— | 6.9% | — | — | — |
| — | — | — | —% | ₹— | 350 | ₹— | 6.6% | — | — | — |
| — | — | — | —% | ₹— | 355 | ₹— | 6.3% | — | — | — |
| — | — | — | —% | ₹— | 360 | ₹— | 6.0% | — | — | — |
| — | — | — | —% | ₹— | 365 | ₹— | 5.7% | — | — | — |
| — | — | — | —% | ₹— | 370 | ₹— | 5.4% | — | — | — |
| — | — | — | —% | ₹— | 375 | ₹— | 5.1% | — | — | — |
| — | — | — | —% | ₹— | 380 | ₹— | 4.8% | — | — | — |
| — | — | — | —% | ₹— | 385 | ₹— | 4.5% | — | — | — |
| — | — | — | —% | ₹75.25 | 390 | ₹0.45 | 69.8% | — | 0 | 14K |
| — | — | — | 145.8% | ₹87.25 | 395 | ₹5.55 | 119.1% | — | — | — |
| 11K | 0 | — | —% | ₹66.80 | 400 | ₹0.10 | 48.3% | 17K | +6K | 1.4 L |
| 1K | 0 | — | —% | ₹58.75 | 405 | ₹0.75 | 63.8% | — | 0 | 1K |
| 3K | 0 | — | 54.3% | ₹63.00 | 410 | ₹0.20 | 47.5% | — | 0 | 43K |
| — | — | — | 140.5% | ₹71.45 | 415 | ₹9.50 | 118.1% | — | — | — |
| — | — | — | 68.9% | ₹55.05 | 420 | ₹0.40 | 42.7% | 24K | 0 | 1.0 L |
| 3K | 0 | — | 44.6% | ₹48.15 | 425 | ₹0.40 | 40.4% | 4K | -1K | 63K |
| 11K | 0 | — | —% | ₹41.50 | 430 | ₹0.65 | 38.5% | 15K | -6K | 1.3 L |
| 31K | 0 | — | 56.8% | ₹40.55 | 435 | ₹1.00 | 41.5% | — | 0 | 29K |
| 38K | 0 | — | —% | ₹32.00 | 440 | ₹1.15 | 34.7% | 69K | +11K | 2.3 L |
| — | — | — | 135.3% | ₹50.90 | 445 | ₹1.65 | 33.5% | 34K | +11K | 1.5 L |
| 2.6 L | 0 | — | 26.6% | ₹23.45 | 450 | ₹2.45 | 32.0% | 1.1 L | -14K | 3.2 L |
| 97K | 0 | — | 23.6% | ₹19.80 | 455 | ₹3.25 | 30.8% | 53K | 0 | 1.7 L |
| 3.3 L | -18K | 57K | 29.9% | ₹12.00 | 460 | ₹4.65 | 30.1% | 2.3 L | -32K | 5.6 L |
| 2.3 L | +3K | 99K | 29.2% | ₹8.70 | 465 | ₹6.90 | 29.8% | 2.7 L | -36K | 3.9 L |
| 7.4 L | +1.7 L | 9.0 L | 28.9% | ₹6.15 | 470 | ₹9.35 | 29.1% | 3.8 L | +21K | 8.7 L |
| 4.9 L | +15K | 5.6 L | 29.0% | ₹4.40 | 475 | ₹12.05 | 29.7% | 97K | -3K | 3.9 L |
| 8.2 L | +14K | 10.4 L | 29.4% | ₹3.00 | 480 | ₹15.50 | 29.3% | 28K | +8K | 3.0 L |
| 2.9 L | +20K | 1.9 L | 30.1% | ₹2.20 | 485 | ₹18.65 | 45.3% | — | 0 | 85K |
| 5.9 L | -1K | 3.1 L | 31.0% | ₹1.45 | 490 | ₹22.55 | 30.1% | 13K | +3K | 1.4 L |
| 1.3 L | -32K | 2.3 L | 32.3% | ₹1.05 | 495 | ₹26.60 | 44.9% | — | 0 | 7K |
| 19.4 L | -13K | 9.0 L | 34.4% | ₹0.85 | 500ATM | ₹32.70 | 30.4% | 4K | 0 | 2.2 L |
| 99K | -6K | 31K | 35.8% | ₹0.70 | 505 | ₹41.50 | 77.6% | — | 0 | 1K |
| 5.4 L | -4K | 20K | 36.8% | ₹0.50 | 510 | ₹39.45 | 47.4% | — | 0 | 21K |
| 1.2 L | 0 | 11K | 35.6% | ₹0.25 | 515 | ₹56.20 | 108.5% | — | — | — |
| 11.8 L | +84K | 2.3 L | 40.3% | ₹0.35 | 520 | ₹48.80 | 50.5% | — | 0 | 6K |
| 3.6 L | -1K | 10K | 39.3% | ₹0.25 | 525 | ₹63.25 | 106.3% | — | — | — |
| 8.5 L | -15K | 95K | 42.5% | ₹0.20 | 530 | ₹60.00 | 67.3% | — | 0 | 3K |
| — | — | — | 2.7% | ₹— | 535 | ₹— | —% | — | — | — |
| 4.7 L | -56K | 81K | 45.8% | ₹0.15 | 540 | ₹67.60 | 49.3% | — | 0 | 14K |
| — | — | — | 3.1% | ₹— | 545 | ₹— | —% | — | — | — |
| 4.3 L | -15K | 80K | 50.7% | ₹0.15 | 550 | ₹82.15 | 74.7% | 3K | -1K | 4K |
| — | — | — | 3.5% | ₹— | 555 | ₹— | —% | — | — | — |
| — | — | — | 123.2% | ₹8.15 | 560 | ₹111.00 | 195.0% | — | — | — |
| — | — | — | 3.9% | ₹— | 565 | ₹— | —% | — | — | — |
| — | — | — | 123.9% | ₹6.90 | 570 | ₹119.65 | —% | — | — | — |
| — | — | — | 4.3% | ₹— | 575 | ₹— | —% | — | — | — |
| 2.1 L | 0 | 8K | 56.2% | ₹0.05 | 580 | ₹128.45 | —% | — | — | — |
| — | — | — | 4.7% | ₹— | 585 | ₹— | —% | — | — | — |
| — | — | — | 4.9% | ₹— | 590 | ₹— | —% | — | — | — |
| — | — | — | 5.1% | ₹— | 595 | ₹— | —% | — | — | — |
| — | — | — | 5.3% | ₹— | 600 | ₹— | —% | — | — | — |
| — | — | — | 5.4% | ₹— | 605 | ₹— | —% | — | — | — |
| — | — | — | 5.6% | ₹— | 610 | ₹— | —% | — | — | — |
| — | — | — | 5.8% | ₹— | 615 | ₹— | —% | — | — | — |
| — | — | — | 6.0% | ₹— | 620 | ₹— | —% | — | — | — |
| — | — | — | 6.3% | ₹— | 630 | ₹— | —% | — | — | — |
| — | — | — | 6.7% | ₹— | 640 | ₹— | —% | — | — | — |
| — | — | — | 7.0% | ₹— | 650 | ₹— | —% | — | — | — |
| — | — | — | 7.4% | ₹— | 660 | ₹— | —% | — | — | — |
| — | — | — | 7.7% | ₹— | 670 | ₹— | —% | — | — | — |
| — | — | — | 8.0% | ₹— | 680 | ₹— | —% | — | — | — |
| — | — | — | 8.3% | ₹— | 690 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
Key Strike Levels
Immediate resistance forms at ₹520, where bulky call OI accumulates, while ₹470 acts as strong two-way pivot with massive open interest in both calls and puts. Major support lies at ₹445, backed by rising put participation, suggesting strong hedging or long put positioning. The implied trading range narrows between ₹445 and ₹520, with ₹470 as the central magnet due to balanced OI concentration.
OI Buildup Activity
Fresh longs emerge in 470 CE with a surge of +1,76,400 contracts, signaling aggressive bullish bets near term, while 520 CE buildup hints at medium-term target positioning by optimistic writers. On the put side, 470 PE attracts fresh longs with +18,200 OI addition, showing defensive strength at this level, and 445 PE rise suggests deep-support establishment. The symmetric buildup at 470 across both sides indicates potential range-bound action with sharp reversal risk on breakout.
Volatility Read
ATM IV at 29.23% sits moderately high, supporting premium-rich environment ideal for structured short premium strategies. Bearish skew — driven by elevated near-term put OI relative to calls — reflects trader caution and demand for downside protection.
Strategy Implication
Bias favors counter-trend against extremes at 520 CE and 445 PE, with range-bound strategies favored between 470 and 520.