Tata Motors Passenger Vehicles Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 250 | ₹— | —% | — | 0 | 24K |
| 3K | 0 | — | —% | ₹— | 260 | ₹— | —% | — | +2K | 30K |
| 2K | 0 | — | —% | ₹— | 270 | ₹— | —% | — | +3K | 2.7 L |
| 3K | +3K | — | —% | ₹— | 275 | ₹— | —% | — | 0 | 43K |
| 75K | 0 | — | —% | ₹— | 280 | ₹— | —% | — | +24K | 11.4 L |
| 19K | 0 | — | —% | ₹— | 285 | ₹— | —% | — | -21K | 10.5 L |
| 1.7 L | 0 | — | —% | ₹— | 290 | ₹— | —% | — | +21K | 33.2 L |
| 1.6 L | 0 | — | —% | ₹— | 295 | ₹— | —% | — | -1.3 L | 18.8 L |
| 11.0 L | -78K | — | —% | ₹— | 300 | ₹— | —% | — | -19K | 31.0 L |
| 8.7 L | -38K | — | —% | ₹— | 305 | ₹— | —% | — | -45K | 18.2 L |
| 25.4 L | -1.3 L | — | —% | ₹— | 310 | ₹— | —% | — | -29K | 33.0 L |
| 29.5 L | -54K | — | —% | ₹— | 315 | ₹— | —% | — | -64K | 25.6 L |
| 58.5 L | -3.2 L | — | —% | ₹— | 320ATM | ₹— | —% | — | -1.0 L | 42.7 L |
| 29.9 L | +35K | — | —% | ₹— | 325 | ₹— | —% | — | +6K | 15.3 L |
| 57.2 L | -2.1 L | — | —% | ₹— | 330 | ₹— | —% | — | -69K | 21.4 L |
| 12.1 L | +1.2 L | — | —% | ₹— | 335 | ₹— | —% | — | -19K | 2.3 L |
| 34.0 L | -1.3 L | — | —% | ₹— | 340 | ₹— | —% | — | -14K | 13.2 L |
| 22.9 L | +10K | — | —% | ₹— | 345 | ₹— | —% | — | 0 | 1.2 L |
| 57.2 L | +62K | — | —% | ₹— | 350 | ₹— | —% | — | -10K | 14.2 L |
| 5.3 L | -1.3 L | — | —% | ₹— | 355 | ₹— | —% | — | 0 | 40K |
| 35.4 L | +48K | — | —% | ₹— | 360 | ₹— | —% | — | 0 | 4.2 L |
| 1.7 L | +48K | — | —% | ₹— | 365 | ₹— | —% | — | 0 | 26K |
| 17.0 L | +1.5 L | — | —% | ₹— | 370 | ₹— | —% | — | 0 | 2.2 L |
| 3.4 L | +1.8 L | — | —% | ₹— | 375 | ₹— | —% | — | 0 | 13K |
| 18.9 L | -54K | — | —% | ₹— | 380 | ₹— | —% | — | +2K | 4.8 L |
| 11K | 0 | — | —% | ₹— | 385 | ₹— | —% | — | 0 | 2K |
| 3.7 L | -5K | — | —% | ₹— | 390 | ₹— | —% | — | 0 | 1.7 L |
| 15.2 L | +69K | — | —% | ₹— | 400 | ₹— | —% | — | 0 | 8.4 L |
| 10.0 L | +1.3 L | — | —% | ₹— | 410 | ₹— | —% | — | -3K | 8.9 L |
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 picture shows a tight concentration around the 311‑315 band, with the highest call open interest (130 contracts) at the 311.5 spot level acting as a near‑term resistance, while the same magnitude of put open interest at the 311‑315 level provides a strong support cushion. The implied price range, derived from the bulk of OI, suggests that market participants expect the stock to oscillate within a roughly ₹295 to ₹335 window through the September expiry. Consequently, strikes outside this corridor have comparatively thin OI, indicating limited market focus beyond the identified band.
OI Buildup Activity
During the latest trading session, significant fresh open interest accumulates on the call side at the 375 strike (+1,77,600 contracts), 370 strike (+1,68,000 contracts) and 335 strike (+1,26,400 contracts), reflecting active positioning by bullish writers and speculators. On the put side, the 280 strike gains an additional 24,000 contracts, the 290 strike adds 22,400 contracts, and the 325 strike sees a modest increase of 4,800 contracts, highlighting defensive hedging or bearish speculation at those levels. The net effect is a pronounced expansion of the OI stack at both higher‑priced calls and mid‑range puts, suggesting a balanced yet aggressive stance among market makers.
Volatility Read
The at‑the‑money implied volatility stands at 23.85%, indicating moderate pricing of uncertainty for the September contract. The volatility skew is bearish, meaning out‑of‑the‑money puts are priced higher than comparable calls, a pattern that typically surfaces when downside risk perception dominates.
Key OI Levels
The strikes with the greatest open‑interest concentration are 311 (130 call OI) and 311 (130 put OI), marking the pivotal resistance and support zones respectively.