Tata Steel Limited Open Interest & PCR Analysis

OI Buildup Pattern

The open‑interest (OI) for the current expiry remains unchanged at 5,21,40,000 contracts, while the spot price is flat at ₹169.27, indicating a neutral buildup where neither bullish nor bearish positions dominate, as market makers maintain their hedges. Call open‑interest stands at 4,49,37,750 contracts, representing the bulk of total OI and showing that option writers retain a sizable exposure despite the flat price action across multiple strikes. The unchanged OI coupled with stable pricing suggests that market participants are neither aggressively adding to nor liquidating existing positions for this expiry at this juncture.

Put-Call Ratio

The put‑call ratio (PCR) registers at 0.862, indicating that puts are roughly 86.2% of calls for this expiry, in the broader market context. Compared with yesterday’s 0.554, the PCR has risen, reflecting a modest shift toward comparatively higher put demand among equity-linked instruments in the sector today.

Futures OI

Futures open‑interest shows zero change, remaining flat at 0 contracts, which signals that speculative interest in the underlying futures is currently dormant, as indicated by low turnover. This lack of movement in futures OI corroborates the neutral stance observed in the options market for the same expiry, and aligns with the overall market neutrality.

Data Summary

Overall, the total OI of 5,21,40,000 contracts with unchanged levels and a PCR of 0.862 encapsulates a balanced positioning environment for the current expiry as of today.