Piramal Pharma Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 80 | ₹— | 13.7% | — | — | — |
| — | — | — | —% | ₹— | 85 | ₹— | 12.4% | — | — | — |
| — | — | — | —% | ₹— | 90 | ₹— | 11.1% | — | — | — |
| — | — | — | —% | ₹— | 95 | ₹— | 9.9% | — | — | — |
| — | — | — | —% | ₹— | 97.5 | ₹— | 9.4% | — | — | — |
| — | — | — | —% | ₹— | 100 | ₹— | 8.8% | — | — | — |
| — | — | — | —% | ₹— | 102.5 | ₹— | 8.3% | — | — | — |
| — | — | — | —% | ₹— | 105 | ₹— | 7.7% | — | — | — |
| — | — | — | —% | ₹— | 107.5 | ₹— | 7.2% | — | — | — |
| — | — | — | —% | ₹44.78 | 110 | ₹0.06 | —% | 1.2 L | +32K | 1.0 L |
| — | — | — | —% | ₹— | 112.5 | ₹— | 6.2% | — | — | — |
| — | — | — | —% | ₹40.27 | 115 | ₹1.52 | —% | — | 0 | 5K |
| — | — | — | —% | ₹43.64 | 117.5 | ₹1.24 | —% | — | 0 | 26K |
| 8K | 0 | — | —% | ₹27.50 | 120 | ₹0.10 | 73.3% | — | 0 | 63K |
| — | — | — | —% | ₹38.96 | 122.5 | ₹0.65 | 96.3% | — | 0 | 26K |
| 47K | 0 | — | —% | ₹23.50 | 125 | ₹0.16 | 71.7% | 32K | -3K | 1.7 L |
| — | — | — | 280.9% | ₹34.43 | 127.5 | ₹1.12 | 95.2% | — | 0 | 42K |
| 71K | +3K | 5K | —% | ₹19.15 | 130 | ₹0.26 | 65.4% | 42K | +5K | 1.8 L |
| — | — | — | 260.2% | ₹30.10 | 132.5 | ₹0.78 | 68.7% | — | 0 | 39K |
| 1.2 L | 0 | — | 54.7% | ₹14.61 | 135 | ₹0.40 | 56.6% | 4.6 L | +2.0 L | 4.1 L |
| 42K | 0 | — | —% | ₹10.75 | 137.5 | ₹0.22 | 43.0% | 3K | 0 | 1.3 L |
| 3.6 L | -79K | 2.6 L | 24.9% | ₹11.75 | 140 | ₹0.65 | 49.1% | 1.4 L | +21K | 3.2 L |
| 87K | 0 | — | 62.9% | ₹9.17 | 142.5 | ₹1.65 | 51.4% | — | 0 | 2.0 L |
| 3.7 L | -39K | 1.2 L | 32.5% | ₹7.30 | 145 | ₹1.25 | 43.1% | 4.0 L | +76K | 3.8 L |
| 1.4 L | -24K | 1.3 L | 34.4% | ₹5.32 | 147.5 | ₹2.02 | 41.2% | 63K | -16K | 1.5 L |
| 8.9 L | -2.3 L | 19.8 L | 33.5% | ₹3.74 | 150ATM | ₹2.72 | 39.9% | 5.3 L | -29K | 5.2 L |
| 1.5 L | +50K | 6.7 L | 33.6% | ₹2.47 | 152.5 | ₹4.23 | 41.1% | 32K | +18K | 68K |
| 8.2 L | +18K | 16.2 L | 34.2% | ₹1.51 | 155 | ₹7.50 | 44.5% | — | 0 | 26K |
| 1.0 L | -13K | 39K | 34.2% | ₹0.95 | 157.5 | ₹7.65 | 42.0% | 13K | -3K | 34K |
| 7.1 L | +58K | 5.0 L | 34.5% | ₹0.52 | 160 | ₹9.44 | 47.8% | 47K | -24K | 1.8 L |
| 32K | 0 | — | 44.0% | ₹0.39 | 162.5 | ₹11.65 | —% | — | — | — |
| 2.4 L | +55K | 1.8 L | 36.6% | ₹0.17 | 165 | ₹16.71 | 61.1% | — | 0 | 29K |
| — | — | — | 177.3% | ₹8.44 | 167.5 | ₹14.54 | —% | — | — | — |
| 32K | 0 | — | 47.4% | ₹0.11 | 170 | ₹21.51 | 68.3% | — | 0 | 58K |
| 18K | 0 | — | 50.9% | ₹0.10 | 172.5 | ₹24.00 | 73.6% | — | 0 | 18K |
| — | — | — | 171.2% | ₹6.10 | 175 | ₹26.44 | 77.2% | — | 0 | 16K |
| — | — | — | —% | ₹5.28 | 177.5 | ₹18.87 | —% | — | 0 | 8K |
| 97K | -37K | 47K | 49.6% | ₹0.03 | 180 | ₹29.92 | 79.8% | 8K | 0 | 1.1 L |
| — | — | — | 4.5% | ₹— | 182.5 | ₹— | —% | — | — | — |
| — | — | — | —% | ₹4.04 | 185 | ₹38.70 | —% | — | 0 | 16K |
| — | — | — | 5.0% | ₹— | 187.5 | ₹— | —% | — | — | — |
| 6.3 L | -63K | 5.3 L | 56.9% | ₹0.01 | 190 | ₹38.80 | —% | 8K | -5K | 1.5 L |
| — | — | — | 5.6% | ₹— | 192.5 | ₹— | —% | — | — | — |
| — | — | — | 5.9% | ₹— | 195 | ₹— | —% | — | — | — |
| — | — | — | —% | ₹2.09 | 200 | ₹46.58 | —% | — | — | — |
| — | — | — | 7.0% | ₹— | 205 | ₹— | —% | — | — | — |
| — | — | — | 7.5% | ₹— | 210 | ₹— | —% | — | — | — |
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 ₹160, where highest call OI anchors a strong supply zone, followed by ₹165 as secondary resistance. Support rests at ₹135, backed by massive put OI buildup, with secondary floor at ₹100 where put OI peaks. The implied trading range contracts between ₹135 and ₹160, with ₹152.5 acting as a minor pivot within the range.
OI Buildup Activity
Fresh long calls emerge at ₹160, ₹165, and ₹152.5, signaling aggressive speculation on upside momentum despite lack of existing OI. On the put side, ₹135 sees massive fresh OI addition of nearly 2 lakh contracts, indicating strong conviction among put writers defending this level. The surge in long puts at ₹145 and ₹110 reflects hedging or built-in bearish positioning ahead of event risk.
Volatility Read
ATM IV at 33.54% sits elevated, suggesting options are pricing in heightened uncertainty. Bearish skew confirms greater demand for downside protection, reinforcing writer caution below spot.
Strategy Implication
Bias leans defensive with premium collection favored on the call side above ₹160 and put writing support at ₹135.