Rail Vikas Nigam Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 140 | ₹— | 16.6% | — | — | — |
| — | — | — | —% | ₹— | 150 | ₹— | 15.1% | — | — | — |
| — | — | — | —% | ₹— | 160 | ₹— | 13.6% | — | — | — |
| — | — | — | —% | ₹— | 170 | ₹— | 12.3% | — | — | — |
| — | — | — | —% | ₹— | 180 | ₹— | 11.0% | — | — | — |
| — | — | — | —% | ₹— | 185 | ₹— | 10.4% | — | — | — |
| — | — | — | —% | ₹— | 190 | ₹— | 9.8% | — | — | — |
| — | — | — | —% | ₹— | 195 | ₹— | 9.3% | — | — | — |
| — | — | — | —% | ₹130.20 | 200 | ₹0.17 | —% | — | 0 | 6.3 L |
| — | — | — | —% | ₹— | 205 | ₹— | 8.2% | — | — | — |
| 15K | 0 | — | —% | ₹87.14 | 210 | ₹0.16 | —% | 41K | -8K | 2.5 L |
| — | — | — | —% | ₹87.70 | 215 | ₹0.54 | —% | — | 0 | 17K |
| — | — | — | —% | ₹109.30 | 220 | ₹0.17 | —% | 21K | -15K | 2.5 L |
| — | — | — | —% | ₹94.75 | 225 | ₹0.26 | —% | — | 0 | 59K |
| 1.1 L | 0 | 3K | —% | ₹70.00 | 230 | ₹0.21 | 88.8% | 29K | -12K | 5.0 L |
| 35K | 0 | — | —% | ₹39.43 | 235 | ₹0.26 | 81.5% | — | 0 | 2.2 L |
| 3.5 L | 0 | 2K | 84.1% | ₹59.00 | 240 | ₹0.29 | 80.2% | 64K | -18K | 6.5 L |
| 1.7 L | 0 | — | —% | ₹46.14 | 245 | ₹0.52 | 77.8% | — | 0 | 1.8 L |
| 5.5 L | 0 | — | 57.8% | ₹47.00 | 250 | ₹0.34 | 70.0% | 93K | -23K | 8.3 L |
| 1.7 L | -2K | 5K | —% | ₹44.23 | 255 | ₹0.48 | 67.3% | 44K | -14K | 2.6 L |
| 5.6 L | -2K | 5K | —% | ₹39.70 | 260 | ₹0.52 | 61.8% | 3.8 L | -46K | 9.6 L |
| 3.8 L | 0 | — | 53.9% | ₹32.55 | 265 | ₹0.65 | 57.9% | 1.8 L | -49K | 3.2 L |
| 7.3 L | 0 | — | —% | ₹25.59 | 270 | ₹0.84 | 54.5% | 4.7 L | -20K | 9.1 L |
| 2.6 L | +2K | 14K | 31.6% | ₹25.11 | 275 | ₹1.11 | 50.5% | 67K | -9K | 6.4 L |
| 13.0 L | -2K | 24K | 33.5% | ₹20.58 | 280 | ₹1.59 | 48.0% | 8.5 L | -67K | 12.0 L |
| 4.5 L | +8K | 23K | 39.4% | ₹16.71 | 285 | ₹2.30 | 46.1% | 2.4 L | +37K | 9.4 L |
| 8.4 L | -29K | 2.5 L | 38.1% | ₹12.69 | 290 | ₹3.53 | 45.3% | 5.7 L | +88K | 8.5 L |
| 3.0 L | -34K | 3.0 L | 39.8% | ₹9.59 | 295 | ₹5.38 | 45.9% | 2.8 L | +26K | 7.6 L |
| 23.9 L | -1.4 L | 34.4 L | 40.4% | ₹6.93 | 300ATM | ₹7.84 | 47.1% | 3.9 L | +27K | 8.1 L |
| 15.8 L | -78K | 8.9 L | 41.3% | ₹4.89 | 305 | ₹10.82 | 47.4% | 81K | -17K | 3.2 L |
| 22.2 L | +55K | 21.6 L | 42.8% | ₹3.45 | 310 | ₹14.48 | 48.5% | 34K | +11K | 4.5 L |
| 17.0 L | +3.7 L | 12.1 L | 43.5% | ₹2.37 | 315 | ₹18.50 | 54.3% | 3K | -2K | 1.8 L |
| 22.3 L | +43K | 12.0 L | 44.4% | ₹1.58 | 320 | ₹22.49 | 52.6% | 24K | +9K | 4.7 L |
| 8.8 L | -6K | 2.5 L | 45.3% | ₹1.03 | 325 | ₹30.17 | 61.4% | — | 0 | 12K |
| 15.8 L | -56K | 4.7 L | 46.8% | ₹0.72 | 330 | ₹31.61 | 58.3% | 50K | -6K | 1.8 L |
| 96K | +44K | 1.0 L | 48.2% | ₹0.50 | 335 | ₹64.00 | 235.2% | — | 0 | 9K |
| 6.6 L | -29K | 1.5 L | 50.3% | ₹0.36 | 340 | ₹41.21 | 70.5% | 5K | 0 | 2.0 L |
| 1.0 L | -2K | 11K | 52.0% | ₹0.27 | 345 | ₹52.70 | 111.2% | — | 0 | 8K |
| 14.0 L | -1.3 L | 3.3 L | 55.4% | ₹0.23 | 350 | ₹51.35 | 75.0% | 76K | 0 | 5.1 L |
| — | — | — | 3.9% | ₹— | 355 | ₹— | —% | — | — | — |
| — | — | — | —% | ₹22.70 | 360 | ₹65.50 | 107.8% | — | 0 | 24K |
| — | — | — | 4.5% | ₹— | 365 | ₹— | —% | — | — | — |
| 29K | -3K | 8K | 63.4% | ₹0.10 | 370 | ₹70.75 | —% | — | 0 | 56K |
| — | — | — | 5.2% | ₹— | 375 | ₹— | —% | — | — | — |
| 2.0 L | 0 | — | 71.3% | ₹0.09 | 380 | ₹80.64 | —% | — | 0 | 1.6 L |
| — | — | — | 6.0% | ₹— | 390 | ₹— | —% | — | — | — |
| — | — | — | 6.6% | ₹— | 400 | ₹— | —% | — | — | — |
| — | — | — | 7.1% | ₹— | 410 | ₹— | —% | — | — | — |
| — | — | — | 7.6% | ₹— | 420 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
Key Strike Levels
Resistance holds firm at ₹310, where peak call OI clusters, with additional supply emerging at ₹330. Immediate support rests at ₹290, backed by strong put OI buildup, while ₹295 offers secondary defense. The implied range narrows between ₹290 and ₹310, with the spot price gravitating near ₹305, now a magnet for both call and put interest.
OI Buildup Activity
Fresh long calls surge at ₹305, ₹310, and ₹330, signaling aggressive bullish positioning by buyers despite elevated levels. Call writers appear to be adding short positions at ₹305 and ₹310, likely capitalizing on premium decay and overbought sentiment. On the put side, longs accumulate at ₹290 and ₹295, indicating insurance-driven demand, while the rise in put OI at ₹305 hints at hedging against a failed breakout.
Volatility Read
ATM IV at 30.13% reflects elevated premium levels, typical ahead of event-driven uncertainty or extended moves. The bearish skew underscores put-side dominance, suggesting traders favor downside protection over upside speculation.
Strategy Implication
Bias leans mildly bearish above ₹305 with writers active at higher strikes and puts drawing fresh longs near support.