Rail Vikas Nigam Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 150 | ₹— | —% | — | -29K | 87K |
| 2K | 0 | — | —% | ₹— | 155 | ₹— | —% | — | +8K | 8K |
| 0 | 0 | — | —% | ₹— | 160 | ₹— | —% | — | +60K | 4.4 L |
| 0 | 0 | — | —% | ₹— | 162.5 | ₹— | —% | — | +64K | 64K |
| 2K | 0 | — | —% | ₹— | 165 | ₹— | —% | — | 0 | 3.0 L |
| 0 | 0 | — | —% | ₹— | 167.5 | ₹— | —% | — | +1.3 L | 1.3 L |
| 13K | +6K | — | —% | ₹— | 170 | ₹— | —% | — | -8K | 3.3 L |
| 0 | 0 | — | —% | ₹— | 172.5 | ₹— | —% | — | +39K | 40K |
| 62K | +48K | — | —% | ₹— | 175 | ₹— | —% | — | +10K | 4.5 L |
| 2K | 0 | — | —% | ₹— | 177.5 | ₹— | —% | — | +35K | 39K |
| 5.6 L | +1.2 L | — | —% | ₹— | 180 | ₹— | —% | — | +4.2 L | 12.5 L |
| 35K | +31K | — | —% | ₹— | 182.5 | ₹— | —% | — | +25K | 62K |
| 8.7 L | +1.1 L | — | —% | ₹— | 185 | ₹— | —% | — | +1.5 L | 6.3 L |
| 1.9 L | +19K | — | —% | ₹— | 187.5 | ₹— | —% | — | +12K | 1.7 L |
| 9.7 L | +1.9 L | — | —% | ₹— | 190 | ₹— | —% | — | +40K | 5.1 L |
| 19K | +15K | — | —% | ₹— | 192.5 | ₹— | —% | — | 0 | 4K |
| 4.0 L | -17K | — | —% | ₹— | 195 | ₹— | —% | — | 0 | 1.4 L |
| 0 | 0 | — | —% | ₹— | 197.5 | ₹— | —% | — | 0 | 0 |
| 14.5 L | +1.2 L | — | —% | ₹— | 200 | ₹— | —% | — | +13K | 3.3 L |
| 1.3 L | +1.0 L | — | —% | ₹— | 202.5 | ₹— | —% | — | 0 | 0 |
| 18.9 L | -3.0 L | — | —% | ₹— | 205ATM | ₹— | —% | — | 0 | 1.5 L |
| 44K | -2K | — | —% | ₹— | 207.5 | ₹— | —% | — | 0 | 2K |
| 8.1 L | +1.0 L | — | —% | ₹— | 210 | ₹— | —% | — | -4K | 2.7 L |
| 1.1 L | +1.1 L | — | —% | ₹— | 212.5 | ₹— | —% | — | 0 | 0 |
| 3.1 L | +2.7 L | — | —% | ₹— | 215 | ₹— | —% | — | 0 | 58K |
| 33K | +33K | — | —% | ₹— | 217.5 | ₹— | —% | — | 0 | 0 |
| 6.8 L | +1.2 L | — | —% | ₹— | 220 | ₹— | —% | — | +8K | 3.0 L |
| 0 | 0 | — | —% | ₹— | 222.5 | ₹— | —% | — | 0 | 0 |
| 29K | 0 | — | —% | ₹— | 225 | ₹— | —% | — | 0 | 58K |
| 8.0 L | +52K | — | —% | ₹— | 230 | ₹— | —% | — | -25K | 9.8 L |
| 81K | -25K | — | —% | ₹— | 240 | ₹— | —% | — | — | — |
| 77K | +15K | — | —% | ₹— | 250 | ₹— | —% | — | — | — |
| 8.7 L | +4K | — | —% | ₹— | 260 | ₹— | —% | — | -10K | 9.6 L |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
Live Greeks Panel
Key Strike Levels
Open interest clusters at call strikes 190, 215 and 220, and put strikes 167.5, 180 and 185, implying an estimated price corridor between ₹175 and ₹225 for the November expiry. The top call open interest of 100 contracts sits at 215, acting as resistance, while the top put open interest of 100 contracts at 180 provides support. Combined, these levels bracket the current spot of ₹184.1, implying that option pricing is anchored to a relatively tight range despite the underlying’s moderate volatility in the near term.
OI Buildup Activity
Fresh call open interest accumulates at the 215 strike with an addition of 2,71,425 contracts, while the 190 and 220 strikes see inflows of 1,92,500 and 1,21,275 contracts respectively, indicating aggressive positioning by sellers. On the put side, the 180 strike absorbs an influx of 4,29,275 contracts, followed by 185 with 1,48,225 and 167.5 with 1,30,900 contracts, reflecting a marked build‑up of defensive exposure. The concentration of new open interest near these strikes suggests that market participants are solidifying their risk frames ahead of the November expiration.
Volatility Read
Implied volatility stands at 36.3%, indicating a moderate premium over historical levels for this equity. The skew is bearish, with puts priced higher than calls, reflecting downside bias in the options market.
Key OI Levels
The 215 call and 180 put each hold the maximum open interest of 100 contracts, marking them as the pivotal resistance and support points respectively.