One 97 Communications Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 725 | 0 | — | —% | ₹— | 1,160 | ₹— | —% | — | 0 | 15K |
| 10K | 0 | — | —% | ₹— | 1,200 | ₹— | —% | — | 0 | 11K |
| 725 | 0 | — | —% | ₹— | 1,220 | ₹— | —% | — | — | — |
| — | — | — | —% | ₹— | 1,240 | ₹— | —% | — | 0 | 14K |
| — | — | — | —% | ₹— | 1,260 | ₹— | —% | — | 0 | 9K |
| 7K | 0 | — | —% | ₹— | 1,300 | ₹— | —% | — | -5K | 60K |
| — | — | — | —% | ₹— | 1,320 | ₹— | —% | — | 0 | 5K |
| 18K | 0 | — | —% | ₹— | 1,340 | ₹— | —% | — | -1K | 35K |
| 10K | 0 | — | —% | ₹— | 1,360 | ₹— | —% | — | 0 | 15K |
| 2K | 0 | — | —% | ₹— | 1,380 | ₹— | —% | — | +725 | 15K |
| 16K | 0 | — | —% | ₹— | 1,400 | ₹— | —% | — | 0 | 2.5 L |
| 12K | +2K | — | —% | ₹— | 1,420 | ₹— | —% | — | -725 | 19K |
| 25K | +7K | — | —% | ₹— | 1,440 | ₹— | —% | — | +8K | 46K |
| 59K | +1K | — | —% | ₹— | 1,460 | ₹— | —% | — | -10K | 2.2 L |
| 29K | 0 | — | —% | ₹— | 1,480 | ₹— | —% | — | +7K | 74K |
| 2.8 L | -7K | — | —% | ₹— | 1,500 | ₹— | —% | — | +2.0 L | 10.7 L |
| 94K | 0 | — | —% | ₹— | 1,520 | ₹— | —% | — | +11K | 11K |
| 54K | +15K | — | —% | ₹— | 1,540 | ₹— | —% | — | +4K | 3.0 L |
| 28K | -6K | — | —% | ₹— | 1,560 | ₹— | —% | — | -1K | 2.1 L |
| 64K | -11K | — | —% | ₹— | 1,580 | ₹— | —% | — | 0 | 5.9 L |
| 8.4 L | -44K | — | —% | ₹— | 1,600ATM | ₹— | —% | — | -1.4 L | 14.7 L |
| 3.6 L | -73K | — | —% | ₹— | 1,620 | ₹— | —% | — | -75K | 3.4 L |
| 5.6 L | -97K | — | —% | ₹— | 1,640 | ₹— | —% | — | +4K | 8.4 L |
| 5.8 L | +3K | — | —% | ₹— | 1,660 | ₹— | —% | — | +1.9 L | 9.4 L |
| 3.7 L | -36K | — | —% | ₹— | 1,680 | ₹— | —% | — | +1.3 L | 3.1 L |
| 16.4 L | -6.5 L | — | —% | ₹— | 1,700 | ₹— | —% | — | +15K | 6.0 L |
| 5.0 L | +83K | — | —% | ₹— | 1,720 | ₹— | —% | — | +12K | 2.8 L |
| 6.1 L | +32K | — | —% | ₹— | 1,740 | ₹— | —% | — | -4K | 1.9 L |
| 6.0 L | -1.7 L | — | —% | ₹— | 1,760 | ₹— | —% | — | -725 | 94K |
| 9.1 L | -2K | — | —% | ₹— | 1,780 | ₹— | —% | — | 0 | 1K |
| 15.0 L | -39K | — | —% | ₹— | 1,800 | ₹— | —% | — | +76K | 1.1 L |
| 8.8 L | -15K | — | —% | ₹— | 1,820 | ₹— | —% | — | 0 | 0 |
| 1.7 L | +46K | — | —% | ₹— | 1,840 | ₹— | —% | — | 0 | 0 |
| 1.9 L | -8K | — | —% | ₹— | 1,880 | ₹— | —% | — | 0 | 0 |
| 5.7 L | +9K | — | —% | ₹— | 1,900 | ₹— | —% | — | 0 | 9K |
| 2.8 L | +20K | — | —% | ₹— | 1,940 | ₹— | —% | — | — | — |
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 1120 strike, acting as a resistance node, while the put open interest also peaks at 1120, marking a support zone. The concentration of open interest around the 1120‑1660 band suggests the market’s implied price corridor for the September expiry. Consequently, the underlying spot at 1659.5 sits just above the put‑heavy support level and slightly below the call‑heavy resistance.
OI Buildup Activity
During the latest data refresh, fresh call open interest appears at the 1720 strike with an addition of 79,025 contracts, followed by 1840 with 46,400 contracts and 1660 with 35,525 contracts, indicating writers positioning for upside moves. On the put side, the 1500 strike absorbs the largest inflow of 200,825 contracts, while 1660 and 1680 receive 190,675 and 130,500 contracts respectively, reflecting defensive hedging. The distribution of these new builds points to a widening spread of interest as participants prepare for potential volatility ahead of expiry.
Volatility Read
The at‑the‑money implied volatility stands at 28.88%, denoting moderate price uncertainty for the contract month. A bearish skew is evident, with out‑of‑the‑money calls priced lower relative to puts, implying market bias toward downside pressure. The term structure shows a slight upward tilt, with one‑month implied volatility modestly higher than the two‑month forward level. Liquidity remains ample, with bid‑ask spreads hovering around five percent of premium.
Key OI Levels
The highest open interest resides at the 1120 strike for both calls and puts.