Tata Elxsi Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 3,000 | ₹— | —% | — | +375 | 10K |
| 0 | 0 | — | —% | ₹— | 3,100 | ₹— | —% | — | -125 | 3K |
| 0 | 0 | — | —% | ₹— | 3,200 | ₹— | —% | — | +23K | 51K |
| 0 | 0 | — | —% | ₹— | 3,250 | ₹— | —% | — | +3K | 4K |
| 1K | 0 | — | —% | ₹— | 3,300 | ₹— | —% | — | +10K | 57K |
| 250 | 0 | — | —% | ₹— | 3,350 | ₹— | —% | — | +8K | 8K |
| 5K | +500 | — | —% | ₹— | 3,400 | ₹— | —% | — | +5K | 60K |
| 2K | +250 | — | —% | ₹— | 3,450 | ₹— | —% | — | +5K | 8K |
| 25K | +11K | — | —% | ₹— | 3,500 | ₹— | —% | — | +2K | 71K |
| 18K | +14K | — | —% | ₹— | 3,550 | ₹— | —% | — | +3K | 27K |
| 84K | +21K | — | —% | ₹— | 3,600 | ₹— | —% | — | +12K | 63K |
| 53K | +10K | — | —% | ₹— | 3,650 | ₹— | —% | — | +5K | 19K |
| 1.6 L | +28K | — | —% | ₹— | 3,700 | ₹— | —% | — | +2K | 75K |
| 31K | +2K | — | —% | ₹— | 3,750 | ₹— | —% | — | -125 | 9K |
| 2.1 L | +24K | — | —% | ₹— | 3,800 | ₹— | —% | — | +2K | 71K |
| 24K | +2K | — | —% | ₹— | 3,850 | ₹— | —% | — | +625 | 1K |
| 71K | +2K | — | —% | ₹— | 3,900 | ₹— | —% | — | 0 | 5K |
| 10K | -125 | — | —% | ₹— | 3,950 | ₹— | —% | — | 0 | 0 |
| 3.5 L | +59K | — | —% | ₹— | 4,000ATM | ₹— | —% | — | 0 | 20K |
| 19K | -125 | — | —% | ₹— | 4,050 | ₹— | —% | — | 0 | 0 |
| 48K | +4K | — | —% | ₹— | 4,100 | ₹— | —% | — | 0 | 625 |
| 60K | -2K | — | —% | ₹— | 4,200 | ₹— | —% | — | 0 | 4K |
| 14K | 0 | — | —% | ₹— | 4,300 | ₹— | —% | — | -125 | 2K |
| 6K | 0 | — | —% | ₹— | 4,400 | ₹— | —% | — | -125 | 33K |
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) landscape clusters tightly around the ₹3,600‑₹3,800 corridor, indicating that market participants view this band as the primary price battleground for the September series. The highest call OI sits at the ₹3,800 strike, while the largest put OI rests at the ₹3,200 level, together framing a roughly ₹600 range that many traders regard as the most probable spot trajectory by expiry. With the underlying settled at ₹3,558, the ATM region is comfortably nestled between these two concentration zones, suggesting limited upside‑downward pressure beyond the established bands.
OI Buildup Activity
Fresh open‑interest has surged into the call side at ₹4,000 (+59,375 contracts), ₹3,600 (+29,125 contracts) and ₹3,700 (+27,750 contracts), pointing to aggressive new positioning by option writers who are adding exposure near the upper resistance tier. On the put side, the most notable additions appear at ₹3,200 (+23,250 contracts), ₹3,600 (+12,500 contracts) and ₹3,300 (+10,250 contracts), reflecting accumulations of defensive contracts around the lower support zone. The magnitude of these inflows signals that market makers are actively building hedges to accommodate the growing directional bias implied by the OI distribution.
Volatility Read
Implied volatility for the at‑the‑money (ATM) strike stands at 27.72 %, a level that aligns with the medium‑term uncertainty surrounding the underlying’s price action. The volatility skew is bearish, with put IV marginally higher than call IV, indicating that downside protection is priced at a premium relative to upside upside‑potential.
Key OI Levels
The greatest call OI concentration is at the ₹3,800 strike, while the peak put OI concentration is anchored at the ₹3,200 strike.