SHREE CEMENT LIMITED Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 18,000 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 18,500 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 19,000 | ₹— | —% | — | +25 | 25 |
| 0 | 0 | — | —% | ₹— | 19,250 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 19,500 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 19,750 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 20,000 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 20,250 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 20,500 | ₹— | —% | — | 0 | 25 |
| 0 | 0 | — | —% | ₹— | 20,750 | ₹— | —% | — | 0 | 1K |
| 0 | 0 | — | —% | ₹— | 21,000 | ₹— | —% | — | -100 | 2K |
| 350 | 0 | — | —% | ₹— | 21,250 | ₹— | —% | — | -350 | 725 |
| 0 | 0 | — | —% | ₹— | 21,500 | ₹— | —% | — | 0 | 475 |
| 0 | 0 | — | —% | ₹— | 21,750 | ₹— | —% | — | 0 | 125 |
| 950 | -25 | — | —% | ₹— | 22,000 | ₹— | —% | — | +175 | 7K |
| 150 | 0 | — | —% | ₹— | 22,250 | ₹— | —% | — | 0 | 350 |
| 6K | -25 | — | —% | ₹— | 22,500 | ₹— | —% | — | 0 | 4K |
| 1K | 0 | — | —% | ₹— | 22,750 | ₹— | —% | — | 0 | 1K |
| 5K | -100 | — | —% | ₹— | 23,000ATM | ₹— | —% | — | +475 | 6K |
| 1K | +275 | — | —% | ₹— | 23,250 | ₹— | —% | — | +50 | 800 |
| 4K | +500 | — | —% | ₹— | 23,500 | ₹— | —% | — | -75 | 1K |
| 825 | 0 | — | —% | ₹— | 23,750 | ₹— | —% | — | 0 | 600 |
| 5K | +1K | — | —% | ₹— | 24,000 | ₹— | —% | — | +25 | 500 |
| 2K | 0 | — | —% | ₹— | 24,250 | ₹— | —% | — | 0 | 50 |
| 2K | +50 | — | —% | ₹— | 24,500 | ₹— | —% | — | 0 | 25 |
| 550 | 0 | — | —% | ₹— | 24,750 | ₹— | —% | — | 0 | 0 |
| 5K | -350 | — | —% | ₹— | 25,000 | ₹— | —% | — | +25 | 150 |
| 125 | 0 | — | —% | ₹— | 25,250 | ₹— | —% | — | 0 | 0 |
| 400 | 0 | — | —% | ₹— | 25,500 | ₹— | —% | — | 0 | 0 |
| 175 | +125 | — | —% | ₹— | 25,750 | ₹— | —% | — | 0 | 0 |
| 2K | +50 | — | —% | ₹— | 26,000 | ₹— | —% | — | 0 | 200 |
| 0 | 0 | — | —% | ₹— | 26,500 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 27,000 | ₹— | —% | — | 0 | 0 |
| 150 | 0 | — | —% | ₹— | 28,000 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
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Key Strike Levels
The call OI peaks at the 23,500 strike with an additional 500 contracts, reflecting a pronounced concentration of market makers, while the 23,250 and 24,000 calls each carry another 300 contracts, indicating layered bearish pressure. Put OI clusters around the 23,000 strike with 475 fresh contracts, supplemented by 22,000 (225) and 23,250 (25), suggesting defensive hedging by participants anticipating a near‑term pullback. This distribution suggests an implied price corridor roughly between 22,000 and 24,500 for the November expiry, framing the short‑term trading range.
OI Buildup Activity
New open interest adds 500 contracts to the 23,500 call, indicating writers are reinforcing a resistance ceiling near that level amid rising volume. The 23,250 call gains 300 contracts, and the 24,000 call also accumulates 300, showing a gradual buildup of bearish call exposure as traders hedge against upside moves. On the put side, the 23,000 strike receives 475 contracts, the 22,000 strike 225, and the 23,250 strike 25, reflecting defensive positioning below the current spot as investors seek downside protection.
Volatility Read
The at‑the‑money implied volatility stands at 25.9%, a moderate level for this sector, indicating balanced demand across strikes. The volatility skew is tilted bearish, implying higher premium pressure on out‑of‑the‑money puts relative to calls, and suggests slight tail risk for downside moves.
Key OI Levels
The largest concentrations are 11,000 contracts each at the 23,500 call and the 23,000 put, marking the primary resistance and support zones that traders closely monitor during market hours.