Shriram Finance Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 15K | 0 | — | —% | ₹— | 880 | ₹— | —% | — | 0 | 0 |
| 5K | +4K | — | —% | ₹— | 900 | ₹— | —% | — | +6K | 78K |
| 6K | 0 | — | —% | ₹— | 920 | ₹— | —% | — | +825 | 1.0 L |
| 825 | 0 | — | —% | ₹— | 940 | ₹— | —% | — | +76K | 2.1 L |
| 2K | -825 | — | —% | ₹— | 960 | ₹— | —% | — | +1.1 L | 2.7 L |
| 6K | -825 | — | —% | ₹— | 980 | ₹— | —% | — | +17K | 3.2 L |
| 3.5 L | +6K | — | —% | ₹— | 1,000 | ₹— | —% | — | +54K | 7.1 L |
| 2.7 L | +34K | — | —% | ₹— | 1,020 | ₹— | —% | — | +47K | 6.1 L |
| 8.5 L | +2.4 L | — | —% | ₹— | 1,040 | ₹— | —% | — | +83K | 10.6 L |
| 14.2 L | +2.4 L | — | —% | ₹— | 1,060 | ₹— | —% | — | +53K | 14.1 L |
| 11.0 L | -90K | — | —% | ₹— | 1,080 | ₹— | —% | — | -28K | 5.8 L |
| 21.1 L | +1.5 L | — | —% | ₹— | 1,100ATM | ₹— | —% | — | +4K | 13.7 L |
| 12.3 L | +1.2 L | — | —% | ₹— | 1,120 | ₹— | —% | — | +2K | 3.4 L |
| 15.9 L | +40K | — | —% | ₹— | 1,140 | ₹— | —% | — | +2K | 3.2 L |
| 16.7 L | +12K | — | —% | ₹— | 1,160 | ₹— | —% | — | 0 | 1.3 L |
| 11.6 L | 0 | — | —% | ₹— | 1,180 | ₹— | —% | — | 0 | 23K |
| 11.6 L | +76K | — | —% | ₹— | 1,200 | ₹— | —% | — | -825 | 2.5 L |
| 1.6 L | +10K | — | —% | ₹— | 1,220 | ₹— | —% | — | 0 | 2K |
| 10.6 L | +7K | — | —% | ₹— | 1,240 | ₹— | —% | — | 0 | 12K |
| 2.4 L | +825 | — | —% | ₹— | 1,280 | ₹— | —% | — | 0 | 12K |
| 78K | +23K | — | —% | ₹— | 1,320 | ₹— | —% | — | +2K | 5K |
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 open‑interest is heavily clustered around the 1060 and 1100 call strikes, together holding roughly 3.5 million contracts, while put open‑interest peaks at the 1060 strike with about 1.4 million contracts. This concentration suggests a market‑implied price corridor between ₹1,040 and ₹1,100 for the September expiry. The implied range aligns with the current spot of ₹1,041, indicating that traders view the underlying as likely to trade near its last close through expiry. Any breach above the 1100 resistance would likely trigger a unwinding of positions, while a drop below the 960 support could accelerate put clearing.
OI Buildup Activity
Fresh call open‑interest adds are strongest at 1060 (+2,46,675), 1040 (+2,44,200) and 1100 (+1,50,150), reflecting aggressive positioning by option writers near resistance levels. On the put side, the largest additions appear at 960 (+1,12,200), 1040 (+82,500) and 940 (+75,900), marking defensive builds under the identified support zone. The pattern of new contracts signals that market participants are reinforcing both bullish caps and bearish floors ahead of the 29‑September settlement.
Volatility Read
The at‑the‑money implied volatility stands at 24.85 %, a moderate level for a large‑cap financial stock. The skew is negative, indicating slightly cheaper puts relative to calls and a bearish bias in the volatility surface. The term structure remains flat, implying volatility shifts.
Key OI Levels
The highest call open‑interest resides at the 1100 strike (21,07,875 contracts) and the highest put open‑interest at the 1060 strike (14,14,050 contracts).