Sun Pharmaceutical Industries Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 3K | 0 | — | —% | ₹— | 1,600 | ₹— | —% | — | 0 | 0 |
| 7K | 0 | — | —% | ₹— | 1,640 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 1,680 | ₹— | —% | — | 0 | 5K |
| 1K | 0 | — | —% | ₹— | 1,700 | ₹— | —% | — | 0 | 2K |
| 0 | 0 | — | —% | ₹— | 1,720 | ₹— | —% | — | 0 | 13K |
| 0 | -1K | — | —% | ₹— | 1,740 | ₹— | —% | — | -350 | 30K |
| 350 | 0 | — | —% | ₹— | 1,760 | ₹— | —% | — | 0 | 4.3 L |
| 1K | 0 | — | —% | ₹— | 1,780 | ₹— | —% | — | +10K | 19K |
| 39K | +5K | — | —% | ₹— | 1,800 | ₹— | —% | — | +1.2 L | 4.1 L |
| 10K | +5K | — | —% | ₹— | 1,820 | ₹— | —% | — | +350 | 5.8 L |
| 17K | +12K | — | —% | ₹— | 1,840 | ₹— | —% | — | +2K | 2.5 L |
| 65K | +13K | — | —% | ₹— | 1,860 | ₹— | —% | — | +19K | 6.2 L |
| 1.9 L | +10K | — | —% | ₹— | 1,880 | ₹— | —% | — | -14K | 2.9 L |
| 4.9 L | +1.4 L | — | —% | ₹— | 1,900 | ₹— | —% | — | -18K | 3.8 L |
| 7.5 L | +98K | — | —% | ₹— | 1,920 | ₹— | —% | — | -44K | 3.1 L |
| 25.6 L | +6.6 L | — | —% | ₹— | 1,940ATM | ₹— | —% | — | -4K | 3.3 L |
| 19.3 L | -50K | — | —% | ₹— | 1,960 | ₹— | —% | — | +1K | 1.7 L |
| 8.6 L | +78K | — | —% | ₹— | 1,980 | ₹— | —% | — | -2K | 49K |
| 11.0 L | +1.2 L | — | —% | ₹— | 2,000 | ₹— | —% | — | -9K | 94K |
| 4.8 L | +5K | — | —% | ₹— | 2,020 | ₹— | —% | — | -350 | 2K |
| 1.3 L | -5K | — | —% | ₹— | 2,040 | ₹— | —% | — | 0 | 1K |
| 90K | +1K | — | —% | ₹— | 2,060 | ₹— | —% | — | -350 | 0 |
| 68K | +1K | — | —% | ₹— | 2,080 | ₹— | —% | — | 0 | 0 |
| 2.2 L | +4K | — | —% | ₹— | 2,100 | ₹— | —% | — | 0 | 700 |
| 45K | -4K | — | —% | ₹— | 2,120 | ₹— | —% | — | 0 | 350 |
| 14K | 0 | — | —% | ₹— | 2,140 | ₹— | —% | — | 0 | 350 |
| 4K | 0 | — | —% | ₹— | 2,160 | ₹— | —% | — | 0 | 0 |
| 79K | -5K | — | —% | ₹— | 2,200 | ₹— | —% | — | 0 | 0 |
| 59K | 0 | — | —% | ₹— | 2,240 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 2,280 | ₹— | —% | — | 0 | 0 |
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 (OI) profile clusters tightly around the ₹1900‑₹2000 call band and the ₹1780‑₹1860 put band. The highest call OI sits at the ₹1900 strike (1,41,400 contracts added today), while the biggest put OI remains at ₹1800 (1,23,900 contracts added). This distribution frames an implied range of roughly ₹1780 to ₹2000 for the underlying, with the current spot of ₹1,899 sitting near the lower‑mid of that band.
OI Buildup Activity
During the latest trading session, fresh OI accumulates at several strikes, indicating active positioning by market participants. Calls see notable additions at ₹1940 (+6,59,750 contracts), ₹1900 (+1,41,400 contracts) and ₹2000 (+1,31,250 contracts), reflecting writers’ willingness to hedge near‑term upside. On the put side, OI builds at ₹1800 (+1,23,900 contracts), ₹1860 (+22,400 contracts) and ₹1780 (+9,450 contracts), suggesting defensive posture against downside moves. The symmetrical surge in both call and put OI points to a balanced risk‑reversal strategy among option writers.
Volatility Read
Implied volatility (IV) sits at 11.71 %, indicating modest price expectations for the remaining week. The volatility skew is bearish, with lower IV on out‑of‑the‑money calls relative to puts, implying market bias toward a softer downside.
Key OI Levels
The strike with the highest call OI concentration is ₹1900, and the strike with the highest put OI concentration is ₹1800.