Tata Power Company Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 200 | ₹— | 17.1% | — | — | — |
| — | — | — | —% | ₹— | 210 | ₹— | 16.0% | — | — | — |
| — | — | — | —% | ₹— | 220 | ₹— | 15.0% | — | — | — |
| — | — | — | —% | ₹— | 230 | ₹— | 14.0% | — | — | — |
| — | — | — | —% | ₹— | 240 | ₹— | 13.1% | — | — | — |
| — | — | — | —% | ₹— | 250 | ₹— | 12.2% | — | — | — |
| — | — | — | —% | ₹— | 260 | ₹— | 11.3% | — | — | — |
| — | — | — | —% | ₹— | 265 | ₹— | 10.9% | — | — | — |
| — | — | — | —% | ₹— | 270 | ₹— | 10.5% | — | — | — |
| — | — | — | —% | ₹— | 275 | ₹— | 10.1% | — | — | — |
| — | — | — | —% | ₹— | 280 | ₹— | 9.7% | — | — | — |
| — | — | — | —% | ₹— | 285 | ₹— | 9.3% | — | — | — |
| — | — | — | —% | ₹64.30 | 290 | ₹2.10 | —% | — | — | — |
| — | — | — | —% | ₹— | 295 | ₹— | 8.5% | — | — | — |
| — | — | — | —% | ₹55.75 | 300 | ₹0.05 | —% | 20K | -7K | 1.6 L |
| — | — | — | —% | ₹— | 302.5 | ₹0.10 | —% | — | +1K | 1K |
| — | — | — | —% | ₹51.65 | 305 | ₹4.20 | —% | — | — | — |
| 25K | 0 | — | —% | ₹89.45 | 310 | ₹5.20 | —% | — | — | — |
| — | — | — | —% | ₹43.90 | 315 | ₹6.35 | —% | — | — | — |
| 3K | 0 | — | —% | ₹96.00 | 320 | ₹0.10 | —% | — | 0 | 1.1 L |
| — | — | — | —% | ₹36.80 | 325 | ₹0.10 | —% | 1K | 0 | 1.6 L |
| — | — | — | —% | ₹— | 327.5 | ₹0.10 | —% | — | 0 | 35K |
| 10K | 0 | — | —% | ₹86.75 | 330 | ₹0.15 | —% | — | 0 | 1.9 L |
| — | — | — | —% | ₹30.45 | 335 | ₹0.20 | 81.4% | — | 0 | 35K |
| — | — | — | —% | ₹— | 337.5 | ₹0.20 | 79.3% | — | 0 | 12K |
| 1.7 L | -44K | 46K | —% | ₹96.70 | 340 | ₹0.10 | 72.3% | 1K | 0 | 1.4 L |
| — | — | — | —% | ₹— | 342.5 | ₹0.95 | —% | — | 0 | 35K |
| — | — | — | —% | ₹24.80 | 345 | ₹0.30 | 77.6% | — | 0 | 1.0 L |
| 2.5 L | -15K | 44K | —% | ₹86.40 | 350 | ₹0.10 | 65.6% | 39K | 0 | 4.4 L |
| — | — | — | —% | ₹— | 352.5 | ₹1.35 | 93.7% | — | 0 | 28K |
| — | — | — | —% | ₹19.95 | 355 | ₹0.10 | 61.9% | 3K | 0 | 71K |
| 6K | 0 | 1K | —% | ₹76.75 | 357.5 | ₹0.75 | 78.5% | — | 0 | 29K |
| 1.1 L | 0 | 3K | —% | ₹76.00 | 360 | ₹0.20 | 63.6% | 10K | -1K | 5.9 L |
| — | — | — | —% | ₹— | 362.5 | ₹0.15 | 58.3% | 4K | 0 | 35K |
| 15K | 0 | — | 84.8% | ₹71.00 | 365 | ₹0.25 | 61.7% | 1K | 0 | 1.2 L |
| — | — | — | —% | ₹— | 367.5 | ₹0.45 | 63.0% | — | 0 | 96K |
| 2.8 L | -1K | 4K | —% | ₹65.60 | 370 | ₹0.15 | 53.7% | 1.7 L | -64K | 12.0 L |
| 73K | 0 | — | —% | ₹28.05 | 372.5 | ₹0.20 | 51.5% | — | 0 | 2.6 L |
| 2.0 L | 0 | — | —% | ₹59.20 | 375 | ₹0.25 | 53.7% | 58K | -4K | 3.4 L |
| 1.2 L | 0 | — | —% | ₹40.25 | 377.5 | ₹0.30 | 52.4% | — | 0 | 1.4 L |
| 7.1 L | -2.1 L | 2.5 L | —% | ₹56.00 | 380 | ₹0.20 | 47.9% | 2.3 L | -94K | 11.2 L |
| 3.1 L | 0 | — | —% | ₹46.25 | 382.5 | ₹0.30 | 47.9% | 4K | -1K | 1.6 L |
| 4.5 L | 0 | 3K | —% | ₹50.60 | 385 | ₹0.25 | 45.8% | 52K | -7K | 4.3 L |
| 1.9 L | 0 | — | 55.6% | ₹48.00 | 387.5 | ₹0.70 | 50.2% | — | 0 | 2.2 L |
| 12.1 L | -20K | 28K | —% | ₹46.40 | 390 | ₹0.40 | 45.5% | 2.0 L | +26K | 18.5 L |
| 3.2 L | 0 | — | —% | ₹34.85 | 392.5 | ₹0.30 | 41.2% | 4K | 0 | 6.4 L |
| 10.4 L | 0 | — | —% | ₹39.95 | 395 | ₹0.45 | 42.2% | 58K | -7K | 8.7 L |
| 5.5 L | 0 | 1K | —% | ₹37.30 | 397.5 | ₹0.45 | 39.4% | 16K | +3K | 5.3 L |
| 16.9 L | -39K | 84K | —% | ₹35.00 | 400 | ₹0.45 | 37.9% | 7.2 L | -62K | 21.7 L |
| 8.2 L | 0 | — | —% | ₹31.85 | 402.5 | ₹0.60 | 38.0% | 1.1 L | -1K | 3.6 L |
| 5.8 L | 0 | 1K | —% | ₹31.00 | 405 | ₹0.65 | 36.4% | 1.4 L | +7K | 5.3 L |
| 3.5 L | 0 | — | —% | ₹26.80 | 407.5 | ₹0.70 | 34.8% | 39K | 0 | 2.8 L |
| 10.8 L | -64K | 2.8 L | —% | ₹27.00 | 410 | ₹0.90 | 34.5% | 5.1 L | -19K | 10.7 L |
| 3.9 L | 0 | 20K | 16.9% | ₹25.20 | 412.5 | ₹1.05 | 33.2% | 1.3 L | +6K | 3.4 L |
| 5.7 L | -13K | 54K | 15.1% | ₹23.05 | 415 | ₹1.25 | 32.2% | 27.0 L | -2.9 L | 30.0 L |
| 1.5 L | -13K | 48K | 23.2% | ₹20.80 | 417.5 | ₹1.50 | 31.7% | 83K | -15K | 2.3 L |
| 20.7 L | -49K | 4.7 L | 23.3% | ₹18.00 | 420 | ₹1.85 | 31.0% | 18.4 L | +94K | 16.3 L |
| 2.6 L | -9K | 1.3 L | 25.0% | ₹16.60 | 422.5 | ₹2.35 | 30.6% | 11.0 L | +15K | 3.2 L |
| 8.1 L | -96K | 5.2 L | 23.7% | ₹14.00 | 425 | ₹2.80 | 30.4% | 25.5 L | -2.5 L | 9.3 L |
| 3.1 L | -10K | 3.5 L | 25.3% | ₹12.15 | 427.5 | ₹— | —% | — | — | — |
| 23.9 L | -1.1 L | 30.1 L | 25.7% | ₹9.95 | 430ATM | ₹4.65 | 30.3% | 38.4 L | +19K | 18.0 L |
| 2.0 L | +4K | 5.2 L | 25.4% | ₹9.00 | 432.5 | ₹— | —% | — | — | — |
| 15.3 L | +1.0 L | 48.6 L | 26.3% | ₹7.20 | 435 | ₹6.80 | 30.5% | 23.3 L | +1.6 L | 14.6 L |
| 3.2 L | -84K | 12.5 L | 26.6% | ₹6.05 | 437.5 | ₹— | —% | — | — | — |
| 26.2 L | -1.2 L | 58.2 L | 26.9% | ₹5.00 | 440 | ₹9.75 | 31.7% | 12.4 L | +30K | 3.8 L |
| 1.6 L | -3K | 3.6 L | 27.4% | ₹4.20 | 442.5 | ₹— | —% | — | — | — |
| 6.4 L | +1.4 L | 23.6 L | 27.8% | ₹3.45 | 445 | ₹12.75 | 33.0% | 5.8 L | +26K | 1.6 L |
| 1.6 L | +51K | 3.3 L | 28.3% | ₹3.15 | 447.5 | ₹— | —% | — | — | — |
| 29.7 L | +7.3 L | 65.7 L | 28.6% | ₹2.40 | 450 | ₹16.50 | 35.2% | 2.1 L | -10K | 4.8 L |
| 3.0 L | 0 | 1.4 L | 29.4% | ₹2.15 | 452.5 | ₹— | —% | — | — | — |
| 4.8 L | +29K | 5.3 L | 29.5% | ₹1.70 | 455 | ₹22.35 | 33.3% | — | 0 | 4K |
| 15.9 L | -78K | 13.9 L | 30.6% | ₹1.10 | 460 | ₹24.70 | 37.4% | 15K | 0 | 6.6 L |
| 3.6 L | +7K | 1.5 L | 30.6% | ₹0.90 | 462.5 | ₹— | —% | — | — | — |
| 77K | +20K | 1.1 L | 32.1% | ₹0.80 | 465 | ₹85.00 | 269.3% | — | — | — |
| 12.2 L | +1.4 L | 8.0 L | 34.3% | ₹0.60 | 470 | ₹36.00 | 47.0% | 3K | 0 | 3K |
| — | — | 1K | 37.5% | ₹0.60 | 475 | ₹— | —% | — | — | — |
| 3.8 L | 0 | 67K | 36.0% | ₹0.30 | 480 | ₹125.35 | 392.3% | — | — | — |
| — | — | — | 2.4% | ₹— | 485 | ₹— | —% | — | — | — |
| 2.5 L | -15K | 67K | 39.8% | ₹0.20 | 490 | ₹135.10 | 404.2% | — | — | — |
| — | — | — | 2.9% | ₹— | 495 | ₹— | —% | — | — | — |
| — | — | — | 3.1% | ₹— | 500 | ₹— | —% | — | — | — |
| — | — | — | 3.3% | ₹— | 505 | ₹— | —% | — | — | — |
| — | — | — | 3.5% | ₹— | 510 | ₹— | —% | — | — | — |
| — | — | — | 3.8% | ₹— | 515 | ₹— | —% | — | — | — |
| — | — | — | 4.0% | ₹— | 520 | ₹— | —% | — | — | — |
| — | — | — | 4.2% | ₹— | 525 | ₹— | —% | — | — | — |
| — | — | — | 4.4% | ₹— | 530 | ₹— | —% | — | — | — |
| — | — | — | 4.6% | ₹— | 535 | ₹— | —% | — | — | — |
| — | — | — | 4.8% | ₹— | 540 | ₹— | —% | — | — | — |
| — | — | — | 5.0% | ₹— | 545 | ₹— | —% | — | — | — |
| — | — | — | 5.2% | ₹— | 550 | ₹— | —% | — | — | — |
| — | — | — | 5.4% | ₹— | 555 | ₹— | —% | — | — | — |
| — | — | — | 5.6% | ₹— | 560 | ₹— | —% | — | — | — |
| — | — | — | 6.0% | ₹— | 570 | ₹— | —% | — | — | — |
| — | — | — | 6.4% | ₹— | 580 | ₹— | —% | — | — | — |
| — | — | — | 6.7% | ₹— | 590 | ₹— | —% | — | — | — |
| — | — | — | 7.1% | ₹— | 600 | ₹— | —% | — | — | — |
| — | — | — | 7.5% | ₹— | 610 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
Key Strike Levels
Immediate resistance stands at ₹490, where call writers hold dominant open interest. Core support consolidates at ₹415, backed by substantial put OI buildup. The implied range narrows between ₹415–₹490, with minimal OI beyond these extremes suggesting confined near-term movement.
OI Buildup Activity
Fresh long calls emerge at ₹490, ₹435, and ₹430, signaling aggressive long-side positioning ahead of resistance. The surge in put OI at ₹415—over 28 lakh contracts added—reflects strong writer conviction at this floor. Call writers at ₹490 brace for potential resistance tests, while put writers at ₹415 defend the foundational support with growing exposure.
Volatility Read
ATM IV holds at 27.32%, reflecting balanced risk pricing amid neutral skew. Absence of directional volatility bias suggests traders expect measured moves into expiry.
Strategy Implication
Bias tilts range-bound with asymmetric long gamma buildup below ₹435, favoring responsiveness over breakout conviction.