Oil India Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 390 | ₹— | —% | — | 0 | 1K |
| 1K | 0 | — | —% | ₹— | 400 | ₹— | —% | — | -4K | 35K |
| 1K | 0 | — | —% | ₹— | 410 | ₹— | —% | — | 0 | 32K |
| 6K | 0 | — | —% | ₹— | 420 | ₹— | —% | — | 0 | 4K |
| — | — | — | —% | ₹— | 425 | ₹— | —% | — | 0 | 50K |
| 27K | 0 | — | —% | ₹— | 430 | ₹— | —% | — | -1K | 52K |
| 3K | 0 | — | —% | ₹— | 435 | ₹— | —% | — | 0 | 0 |
| 24K | 0 | — | —% | ₹— | 440 | ₹— | —% | — | +10K | 1.6 L |
| 0 | 0 | — | —% | ₹— | 445 | ₹— | —% | — | 0 | 15K |
| 1.1 L | 0 | — | —% | ₹— | 450 | ₹— | —% | — | -17K | 1.4 L |
| 15K | 0 | — | —% | ₹— | 455 | ₹— | —% | — | 0 | 55K |
| 1.4 L | 0 | — | —% | ₹— | 460 | ₹— | —% | — | +6K | 2.4 L |
| 39K | 0 | — | —% | ₹— | 465 | ₹— | —% | — | -4K | 81K |
| 2.0 L | -3K | — | —% | ₹— | 470 | ₹— | —% | — | +21K | 2.3 L |
| 1.1 L | 0 | — | —% | ₹— | 475 | ₹— | —% | — | -11K | 99K |
| 3.0 L | +1K | — | —% | ₹— | 480 | ₹— | —% | — | +32K | 2.1 L |
| 90K | -1K | — | —% | ₹— | 485 | ₹— | —% | — | +11K | 1.1 L |
| 2.6 L | +13K | — | —% | ₹— | 490 | ₹— | —% | — | -50K | 3.7 L |
| 2.7 L | +34K | — | —% | ₹— | 495 | ₹— | —% | — | -8K | 1.1 L |
| 7.3 L | +49K | — | —% | ₹— | 500ATM | ₹— | —% | — | -27K | 1.8 L |
| 59K | -4K | — | —% | ₹— | 505 | ₹— | —% | — | 0 | 0 |
| 3.4 L | -1.3 L | — | —% | ₹— | 510 | ₹— | —% | — | 0 | 34K |
| 0 | 0 | — | —% | ₹— | 515 | ₹— | —% | — | 0 | 8K |
| 4.1 L | -48K | — | —% | ₹— | 520 | ₹— | —% | — | 0 | 36K |
| 22K | -1K | — | —% | ₹— | 525 | ₹— | —% | — | 0 | 0 |
| 2.3 L | +7K | — | —% | ₹— | 530 | ₹— | —% | — | 0 | 27K |
| 69K | +11K | — | —% | ₹— | 535 | ₹— | —% | — | 0 | 0 |
| 3.0 L | -8K | — | —% | ₹— | 540 | ₹— | —% | — | 0 | 0 |
| 1.6 L | +10K | — | —% | ₹— | 550 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 560 | ₹— | —% | — | 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 open‑interest (OI) picture shows a clear band of resistance around the ₹290 CE strike, where the highest call OI sits, while an equivalent support zone forms at the ₹290 PE strike. The ATM price of ₹488.3 anchors the implied price‑range, with the nearest call‑heavy strikes at ₹490, 495 and 500 and the nearest put‑heavy strikes at ₹470, 480 and 485. This concentration suggests that market participants are pricing a modest move—roughly ± 2 % to 5 %—from the current spot level by expiry.
OI Buildup Activity
During the latest reporting window, fresh call OI accumulates at the ₹500 strike (+50 k contracts), followed by the ₹495 strike (+36 k) and the ₹490 strike (+12.6 k), indicating that option writers are adding exposure near the upper end of the anticipated range. On the put side, new open interest appears at the ₹480 strike (+29.4 k), the ₹470 strike (+21 k) and the ₹485 strike (+12.6 k), reflecting a parallel buildup of downside protection. The symmetry of these additions points to a balanced positioning strategy among market makers, with no single direction overwhelmingly favored.
Volatility Read
The at‑the‑money implied volatility stands at 23.46 %, modest for the sector and consistent with a relatively calm pricing environment. The volatility skew is bearish, implying that out‑of‑the‑money calls are priced slightly higher than equivalent puts.
Key OI Levels
The most concentrated open interest resides at the ₹290 CE strike for calls and the ₹290 PE strike for puts.