Polycab India Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 6,200 | ₹— | —% | — | +500 | 875 |
| 0 | 0 | — | —% | ₹— | 6,400 | ₹— | —% | — | +875 | 22K |
| 0 | 0 | — | —% | ₹— | 6,600 | ₹— | —% | — | +875 | 2K |
| 0 | 0 | — | —% | ₹— | 6,700 | ₹— | —% | — | +4K | 5K |
| 0 | 0 | — | —% | ₹— | 6,800 | ₹— | —% | — | +4K | 12K |
| 0 | 0 | — | —% | ₹— | 6,900 | ₹— | —% | — | -125 | 1K |
| 0 | 0 | — | —% | ₹— | 7,000 | ₹— | —% | — | +11K | 28K |
| 0 | 0 | — | —% | ₹— | 7,100 | ₹— | —% | — | -125 | 4K |
| 0 | 0 | — | —% | ₹— | 7,200 | ₹— | —% | — | +4K | 6K |
| 1K | +1K | — | —% | ₹— | 7,300 | ₹— | —% | — | +1K | 7K |
| 2K | 0 | — | —% | ₹— | 7,400 | ₹— | —% | — | +3K | 9K |
| 12K | -125 | — | —% | ₹— | 7,500 | ₹— | —% | — | +2K | 82K |
| 68K | +51K | — | —% | ₹— | 7,600 | ₹— | —% | — | +2K | 21K |
| 65K | +14K | — | —% | ₹— | 7,700 | ₹— | —% | — | +18K | 65K |
| 67K | +23K | — | —% | ₹— | 7,800 | ₹— | —% | — | +9K | 54K |
| 16K | +8K | — | —% | ₹— | 7,900 | ₹— | —% | — | +4K | 8K |
| 1.3 L | +35K | — | —% | ₹— | 8,000ATM | ₹— | —% | — | -625 | 24K |
| 8K | +4K | — | —% | ₹— | 8,100 | ₹— | —% | — | 0 | 875 |
| 74K | +6K | — | —% | ₹— | 8,200 | ₹— | —% | — | +375 | 15K |
| 9K | +4K | — | —% | ₹— | 8,300 | ₹— | —% | — | 0 | 2K |
| 16K | +3K | — | —% | ₹— | 8,400 | ₹— | —% | — | 0 | 5K |
| 22K | +6K | — | —% | ₹— | 8,500 | ₹— | —% | — | +375 | 4K |
| 2K | +875 | — | —% | ₹— | 8,600 | ₹— | —% | — | 0 | 3K |
| 3K | +1K | — | —% | ₹— | 8,700 | ₹— | —% | — | -125 | 375 |
| 8K | +2K | — | —% | ₹— | 8,800 | ₹— | —% | — | 0 | 375 |
| 125 | 0 | — | —% | ₹— | 8,900 | ₹— | —% | — | 0 | 250 |
| 21K | +4K | — | —% | ₹— | 9,000 | ₹— | —% | — | 0 | 750 |
| 375 | 0 | — | —% | ₹— | 9,100 | ₹— | —% | — | 0 | 250 |
| 1K | 0 | — | —% | ₹— | 9,200 | ₹— | —% | — | 0 | 0 |
| 125 | +125 | — | —% | ₹— | 9,400 | ₹— | —% | — | 0 | 1K |
| 0 | 0 | — | —% | ₹— | 9,600 | ₹— | —% | — | 0 | 0 |
| 6K | -1K | — | —% | ₹— | 10,000 | ₹— | —% | — | — | — |
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 chain shows a pronounced concentration of open interest around the 7,600, 7,800 and 8,000 call strikes, together with a sizable build‑up at the 7,700, 7,000 and 7,800 put strikes, indicating clustering. This distribution suggests that market participants are pricing a trading range roughly between ₹7,000 and ₹8,000 for the next month, and suggests limited breakout potential. The implied range aligns with the spot price of ₹7,680 and the near‑term resistance at 7,625 and support at 7,000, which reinforces the technical narrative observed on the chart.
OI Buildup Activity
Call open interest at the 7,600 strike rises by 51,500 contracts, while the 8,000 and 7,800 calls add 35,125 and 22,375 contracts respectively, indicating aggressive writing of near‑the‑money calls. Put open interest increases sharply at the 7,700 strike with 17,750 contracts, followed by additions of 11,250 at 7,000 and 8,875 at 7,800, reflecting defensive positioning on the downside. Overall fresh OI inflow exceeds 150,000 contracts, showing that market makers are reinforcing both sides of the book.
Volatility Read
The at‑the‑money implied volatility stands at 33.77%, a level that is modestly elevated relative to the 30‑day average and reflects a modest risk premium. The volatility skew is bearish, with out‑of‑the‑money puts priced higher than comparable calls; this bias may affect put‑call spreads.
Key OI Levels
The highest call open interest of 10,000 contracts sits at the 5,625 strike, while the highest put open interest of 10,000 contracts is recorded at the 0 strike.