Steel Authority of India Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 80 | ₹— | 17.0% | — | — | — |
| — | — | — | —% | ₹— | 85 | ₹— | 15.7% | — | — | — |
| — | — | — | —% | ₹— | 90 | ₹— | 14.4% | — | — | — |
| — | — | — | —% | ₹— | 95 | ₹— | 13.2% | — | — | — |
| — | — | — | —% | ₹— | 100 | ₹— | 12.1% | — | — | — |
| — | — | — | —% | ₹— | 105 | ₹— | 11.0% | — | — | — |
| — | — | — | —% | ₹— | 110 | ₹— | 10.0% | — | — | — |
| — | — | — | —% | ₹— | 112.5 | ₹— | 9.5% | — | — | — |
| — | — | — | —% | ₹— | 115 | ₹— | 9.0% | — | — | — |
| — | — | — | —% | ₹— | 117.5 | ₹— | 8.5% | — | — | — |
| — | — | — | —% | ₹— | 120 | ₹— | 8.1% | — | — | — |
| — | — | — | —% | ₹— | 122.5 | ₹— | 7.6% | — | — | — |
| — | — | — | —% | ₹32.77 | 125 | ₹0.88 | —% | — | — | — |
| — | — | — | —% | ₹— | 127.5 | ₹— | 6.7% | — | — | — |
| 42K | 0 | — | —% | ₹22.98 | 130 | ₹1.99 | —% | — | 0 | 2.4 L |
| — | — | — | —% | ₹— | 132.5 | ₹— | 5.9% | — | — | — |
| — | — | — | —% | ₹28.70 | 135 | ₹0.10 | 80.7% | — | 0 | 99K |
| — | — | — | —% | ₹16.76 | 137.5 | ₹2.08 | —% | — | — | — |
| 2.4 L | 0 | — | —% | ₹25.96 | 140 | ₹0.10 | 76.6% | 19K | -5K | 5.5 L |
| — | — | — | —% | ₹— | 141 | ₹2.18 | 133.8% | — | 0 | 9K |
| — | — | — | —% | ₹— | 142 | ₹1.10 | 106.6% | — | 0 | 33K |
| — | — | — | —% | ₹13.13 | 142.5 | ₹3.42 | 151.1% | — | — | — |
| 28K | 0 | — | —% | ₹22.50 | 145 | ₹0.06 | 60.1% | 24K | -5K | 6.3 L |
| — | — | — | —% | ₹10.00 | 147.5 | ₹5.26 | 160.3% | — | — | — |
| 6.3 L | 0 | — | 81.0% | ₹24.00 | 150 | ₹0.20 | 63.8% | 24K | -9K | 13.8 L |
| — | — | — | —% | ₹— | 152 | ₹0.50 | 63.2% | — | 0 | 6.3 L |
| — | — | — | —% | ₹7.40 | 152.5 | ₹3.62 | 122.6% | — | 0 | 28K |
| 24K | 0 | — | —% | ₹18.43 | 153 | ₹— | —% | — | — | — |
| 47K | 0 | — | —% | ₹15.80 | 154 | ₹— | —% | — | — | — |
| 9.3 L | 0 | 5K | —% | ₹21.50 | 155 | ₹0.50 | 55.7% | — | 0 | 11.7 L |
| 5.5 L | 0 | — | —% | ₹15.00 | 156 | ₹1.14 | 67.3% | — | 0 | 2.2 L |
| — | — | — | —% | ₹— | 157 | ₹2.35 | 84.1% | — | 0 | 1.4 L |
| 47K | 0 | — | —% | ₹11.00 | 157.5 | ₹2.60 | 86.0% | — | 0 | 5K |
| 89K | 0 | — | —% | ₹11.00 | 158 | ₹— | —% | — | — | — |
| 13.9 L | -24K | 71K | 63.6% | ₹16.50 | 160ATM | ₹0.20 | 41.5% | 52K | 0 | 16.3 L |
| 1.1 L | 0 | — | 22.8% | ₹10.60 | 162.5 | ₹0.40 | 43.2% | 19K | 0 | 75K |
| 94K | 0 | — | 55.0% | ₹11.00 | 164 | ₹— | —% | — | — | — |
| 12.8 L | -5K | 42K | —% | ₹12.00 | 165 | ₹0.81 | 43.3% | 47K | -9K | 7.7 L |
| 52K | 0 | 5K | —% | ₹9.00 | 166 | ₹— | —% | — | — | — |
| 94K | -14K | 19K | —% | ₹9.70 | 167.5 | ₹1.40 | 36.0% | — | 0 | 47K |
| 17.2 L | -75K | 1.8 L | 33.2% | ₹6.50 | 170 | ₹1.87 | 42.5% | 61K | +38K | 1.2 L |
| 1.4 L | -5K | 9K | 28.8% | ₹6.00 | 172.5 | ₹21.78 | 224.6% | — | — | — |
| 3.9 L | -19K | 56K | 30.9% | ₹3.84 | 175 | ₹6.50 | 55.2% | — | 0 | 9K |
| — | — | — | 27.3% | ₹1.07 | 177.5 | ₹26.16 | 239.8% | — | — | — |
| 11.1 L | -5K | 42K | 27.6% | ₹1.55 | 180 | ₹19.25 | 162.4% | — | 0 | 5K |
| 38K | 0 | — | 25.5% | ₹0.25 | 182 | ₹— | —% | — | — | — |
| — | — | — | 35.1% | ₹0.67 | 182.5 | ₹30.73 | 255.1% | — | — | — |
| 56K | 0 | — | 33.3% | ₹0.40 | 184 | ₹— | —% | — | — | — |
| 5.3 L | 0 | 24K | 31.4% | ₹0.71 | 185 | ₹21.77 | 147.8% | — | 0 | 5K |
| 1.3 L | 0 | — | 33.4% | ₹0.25 | 186 | ₹— | —% | — | — | — |
| — | — | — | 40.7% | ₹0.41 | 187.5 | ₹35.44 | 270.3% | — | — | — |
| 2.1 L | 0 | 24K | 34.7% | ₹0.31 | 190 | ₹35.50 | 254.2% | — | — | — |
| — | — | — | 44.9% | ₹0.24 | 192.5 | ₹40.25 | 285.3% | — | — | — |
| — | — | — | 2.6% | ₹— | 195 | ₹— | —% | — | — | — |
| — | — | — | 2.9% | ₹— | 197.5 | ₹— | —% | — | — | — |
| — | — | — | 3.2% | ₹— | 200 | ₹— | —% | — | — | — |
| — | — | — | 3.5% | ₹— | 202.5 | ₹— | —% | — | — | — |
| — | — | — | 3.7% | ₹— | 205 | ₹— | —% | — | — | — |
| — | — | — | 4.0% | ₹— | 207.5 | ₹— | —% | — | — | — |
| — | — | — | 4.3% | ₹— | 210 | ₹— | —% | — | — | — |
| — | — | — | 4.5% | ₹— | 212.5 | ₹— | —% | — | — | — |
| — | — | — | 4.8% | ₹— | 215 | ₹— | —% | — | — | — |
| — | — | — | 5.0% | ₹— | 217.5 | ₹— | —% | — | — | — |
| — | — | — | 5.3% | ₹— | 220 | ₹— | —% | — | — | — |
| — | — | — | 5.8% | ₹— | 225 | ₹— | —% | — | — | — |
| — | — | — | 6.3% | ₹— | 230 | ₹— | —% | — | — | — |
| — | — | — | 6.7% | ₹— | 235 | ₹— | —% | — | — | — |
| — | — | — | 7.2% | ₹— | 240 | ₹— | —% | — | — | — |
| — | — | — | 7.7% | ₹— | 245 | ₹— | —% | — | — | — |
| — | — | — | 8.1% | ₹— | 250 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
Key Strike Levels
The highest call OI at ₹100 forms a strong resistance zone, indicating stalled bullish momentum. On the put side, the peak OI at ₹100 also marks a key support level, suggesting intense put writing near current spot. This symmetric concentration creates a psychological range bound by ₹100, with spot trading at ₹175.01 well above these extremes, implying structural distortion.
OI Buildup Activity
No fresh OI buildup in top call or put strikes indicates market consolidation and limited directional conviction. Writers are anchored at ₹100 on both sides, reflecting a willingness to collect premium near distant strikes disconnected from spot reality. Lack of fresh longs in calls shows call writers aren’t being challenged, while absence of put OI adds suggests no aggressive hedging below.
Volatility Read
ATM IV at 26.75% reflects moderate implied volatility, but the bearish skew shows puts trading at a premium to calls, pricing in downside bias. This suggests traders are more defensively positioned despite elevated spot levels.
Strategy Implication
Bias leans range-bound with a skew toward downside protection, favoring strategies that capitalize on premium decay amid cautious writer coverage.