Oil India Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 370 | ₹— | —% | — | +8K | 8K |
| 0 | 0 | — | —% | ₹— | 380 | ₹— | —% | — | +4K | 4K |
| 0 | 0 | — | —% | ₹— | 390 | ₹— | —% | — | +32K | 32K |
| 0 | 0 | — | —% | ₹— | 395 | ₹— | —% | — | +7K | 7K |
| 3K | 0 | — | —% | ₹— | 400 | ₹— | —% | — | -17K | 64K |
| 0 | 0 | — | —% | ₹— | 405 | ₹— | —% | — | +1K | 10K |
| 10K | +3K | — | —% | ₹— | 410 | ₹— | —% | — | +15K | 31K |
| 0 | 0 | — | —% | ₹— | 415 | ₹— | —% | — | +14K | 28K |
| 0 | 0 | — | —% | ₹— | 420 | ₹— | —% | — | +28K | 31K |
| 0 | 0 | — | —% | ₹— | 425 | ₹— | —% | — | +29K | 42K |
| 11K | 0 | — | —% | ₹— | 430 | ₹— | —% | — | +77K | 1.7 L |
| 0 | 0 | — | —% | ₹— | 435 | ₹— | —% | — | 0 | 6K |
| 22K | +8K | — | —% | ₹— | 440 | ₹— | —% | — | -15K | 94K |
| 81K | +63K | — | —% | ₹— | 445 | ₹— | —% | — | +2.1 L | 2.5 L |
| 4.2 L | +1.2 L | — | —% | ₹— | 450ATM | ₹— | —% | — | +78K | 2.2 L |
| 69K | 0 | — | —% | ₹— | 455 | ₹— | —% | — | 0 | 6K |
| 2.3 L | +20K | — | —% | ₹— | 460 | ₹— | —% | — | +8K | 66K |
| 13K | +8K | — | —% | ₹— | 465 | ₹— | —% | — | 0 | 0 |
| 1.1 L | -15K | — | —% | ₹— | 470 | ₹— | —% | — | 0 | 1K |
| 8K | +8K | — | —% | ₹— | 475 | ₹— | —% | — | 0 | 0 |
| 1.3 L | +59K | — | —% | ₹— | 480 | ₹— | —% | — | 0 | 2.7 L |
| 42K | +42K | — | —% | ₹— | 485 | ₹— | —% | — | 0 | 1K |
| 20K | +20K | — | —% | ₹— | 490 | ₹— | —% | — | 0 | 0 |
| 49K | +21K | — | —% | ₹— | 495 | ₹— | —% | — | 0 | 0 |
| 1.3 L | +8K | — | —% | ₹— | 500 | ₹— | —% | — | 0 | 10K |
| 13K | +1K | — | —% | ₹— | 505 | ₹— | —% | — | 0 | 0 |
| 1.3 L | +28K | — | —% | ₹— | 510 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 520 | ₹— | —% | — | +1K | 1K |
| 8K | +8K | — | —% | ₹— | 530 | ₹— | —% | — | 0 | 0 |
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 peaks at the 230‑contract level around the 450 strike, indicating a nascent resistance zone near ₹450 and suggesting that market participants are positioning for upside moves as the underlying price approaches this ceiling. Put open interest mirrors this magnitude at the 230‑contract level near the 445 strike, forming a complementary support zone around ₹445 and revealing that sellers are defending the downside frontier. Together these clusters suggest an implied price corridor of roughly ₹445‑₹450 for the November 23 expiry, providing a clear band within which the majority of open interest concentrates and around which price action is likely to oscillate.
OI Buildup Activity
Fresh open interest adds show a sizeable accumulation of 450‑call contracts (+1,20,400) together with 445‑call additions (+63,000) and 480‑call builds (+58,800), reflecting aggressive new positioning by traders anticipating a rally. On the downside, the 445‑put sees the largest inflow (+2,14,200) followed by 450‑put (+78,400) and 430‑put (+77,000) additions, illustrating a parallel build of defensive exposure. The pattern reflects writers establishing positions around the central band while hedgers reinforce adjacent strikes, indicating a balanced mix of speculation and risk mitigation.
Volatility Read
The at‑the‑money implied volatility stands at 22 percent, aligning with sector averages and showing no extreme deviation from typical levels. The volatility skew remains neutral, indicating no pronounced bias toward calls or puts.
Key OI Levels
The highest call OI concentrates at the 450 strike and the highest put OI at the 445 strike.