Tata Power Company Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 1K | +1K | — | —% | ₹— | 290 | ₹— | —% | — | +7.9 L | 10.5 L |
| 3K | 0 | — | —% | ₹— | 300 | ₹— | —% | — | -70K | 3.7 L |
| 52K | +10K | — | —% | ₹— | 305 | ₹— | —% | — | +96K | 2.4 L |
| 1.5 L | +90K | — | —% | ₹— | 310 | ₹— | —% | — | -81K | 7.3 L |
| 0 | 0 | — | —% | ₹— | 315 | ₹— | —% | — | +4K | 2.2 L |
| 54K | +39K | — | —% | ₹— | 320 | ₹— | —% | — | +96K | 7.6 L |
| 75K | +22K | — | —% | ₹— | 325 | ₹— | —% | — | +81K | 5.4 L |
| 3.9 L | +67K | — | —% | ₹— | 330 | ₹— | —% | — | +1.4 L | 9.8 L |
| 5.5 L | +2.4 L | — | —% | ₹— | 335 | ₹— | —% | — | +2.3 L | 5.5 L |
| 22.0 L | +8.0 L | — | —% | ₹— | 340 | ₹— | —% | — | -1.9 L | 14.6 L |
| 14.3 L | +52K | — | —% | ₹— | 345 | ₹— | —% | — | +57K | 8.3 L |
| 23.5 L | +2.9 L | — | —% | ₹— | 350ATM | ₹— | —% | — | -99K | 21.9 L |
| 6.0 L | +2.6 L | — | —% | ₹— | 355 | ₹— | —% | — | +10K | 2.3 L |
| 10.0 L | +44K | — | —% | ₹— | 360 | ₹— | —% | — | +13K | 4.7 L |
| 3.1 L | +4K | — | —% | ₹— | 365 | ₹— | —% | — | 0 | 52K |
| 15.5 L | +2.1 L | — | —% | ₹— | 370 | ₹— | —% | — | -4K | 11.4 L |
| 3.1 L | +1.1 L | — | —% | ₹— | 375 | ₹— | —% | — | 0 | 45K |
| 17.8 L | +1.7 L | — | —% | ₹— | 380 | ₹— | —% | — | +6K | 8.0 L |
| 1.3 L | +23K | — | —% | ₹— | 385 | ₹— | —% | — | 0 | 0 |
| 11.3 L | +8.2 L | — | —% | ₹— | 390 | ₹— | —% | — | 0 | 1.3 L |
| 7K | 0 | — | —% | ₹— | 395 | ₹— | —% | — | 0 | 6K |
| 10.8 L | +4K | — | —% | ₹— | 400 | ₹— | —% | — | +7K | 12.8 L |
| 9.8 L | -38K | — | —% | ₹— | 410 | ₹— | —% | — | +1K | 13.9 L |
| 62K | +1K | — | —% | ₹— | 420 | ₹— | —% | — | — | — |
| — | — | — | —% | ₹— | 440 | ₹— | —% | — | +16K | 14.2 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 190 strike hosts the largest open interest for both calls (190 contracts) and puts (190 contracts), acting as a dual resistance‑support nexus that market participants watch closely as a pivotal price barrier. This concentration of open interest suggests that traders anticipate the underlying to trade within a relatively tight band roughly between ₹190 and ₹210, reflecting a consensus view of limited directional bias. Consequently, the implied price corridor centers near the spot of ₹335, indicating possible range contraction as expiry approaches.
OI Buildup Activity
Fresh open interest adds are evident at the 390 call, which accrues an additional 8,23,600 contracts, signaling aggressive positioning by buyers who are betting on upside momentum and testing near‑term resistance. The 340 call absorbs 8,01,850 new contracts, reflecting speculative writing as writers seek premium income while hedging exposure. On the put side, the 290 strike accumulates 7,90,250 contracts, and the 335 and 330 strikes gain 2,29,100 and 1,43,550 contracts respectively, indicating growing hedge demand and defensive positioning around the at‑the‑money region.
Volatility Read
The at‑the‑money implied volatility is 26.62%, aligning with the sector’s typical envelope. The volatility skew remains neutral, showing no pronounced bias toward either call or put premiums and implying a balanced overall market expectation of upward versus downward moves overall future.
Key OI Levels
The strikes with the highest open interest concentration are 190 for calls and 190 for puts, marking the most tightly watched price nodes in the chain.