Tata Steel Limited Option Chain Analysis
2026-04-282026-05-26
Total CE OI
11.41 Cr
Total PE OI
8.83 Cr
PCR
0.77
Bearish
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 120 | ₹— | 12.6% | — | — | — |
| — | — | — | —% | ₹— | 125 | ₹— | 11.7% | — | — | — |
| — | — | — | —% | ₹— | 130 | ₹— | 10.8% | — | — | — |
| — | — | — | —% | ₹— | 135 | ₹— | 10.0% | — | — | — |
| — | — | — | —% | ₹— | 140 | ₹— | 9.2% | — | — | — |
| — | — | — | —% | ₹— | 142.5 | ₹— | 8.8% | — | — | — |
| — | — | — | —% | ₹— | 145 | ₹— | 8.4% | — | — | — |
| — | — | — | —% | ₹— | 147.5 | ₹— | 8.0% | — | — | — |
| — | — | — | —% | ₹— | 150 | ₹— | 7.6% | — | — | — |
| — | — | — | —% | ₹— | 152.5 | ₹— | 7.3% | — | — | — |
| 28K | 0 | — | —% | ₹50.50 | 155 | ₹0.02 | —% | 44K | 0 | 14.1 L |
| — | — | — | —% | ₹— | 156 | ₹0.20 | —% | — | 0 | 2.3 L |
| — | — | — | —% | ₹— | 157 | ₹0.06 | —% | — | 0 | 11K |
| — | — | — | —% | ₹— | 157.5 | ₹— | 6.6% | — | — | — |
| — | — | — | —% | ₹— | 158 | ₹0.04 | 81.5% | — | 0 | 50K |
| — | — | — | —% | ₹— | 159 | ₹0.11 | —% | — | 0 | 66K |
| 1.1 L | 0 | — | —% | ₹50.90 | 160 | ₹0.03 | 77.4% | 2.4 L | -1.4 L | 22.1 L |
| — | — | — | —% | ₹— | 161 | ₹0.04 | 78.7% | 6K | 0 | 99K |
| 2.2 L | 0 | — | —% | ₹48.00 | 162 | ₹0.04 | 75.2% | — | 0 | 22K |
| — | — | — | —% | ₹— | 162.5 | ₹— | 5.9% | — | — | — |
| — | — | — | —% | ₹— | 163 | ₹0.04 | 73.7% | — | 0 | 44K |
| — | — | — | —% | ₹— | 164 | ₹0.09 | 79.8% | — | 0 | 55K |
| 4.5 L | 0 | — | —% | ₹45.10 | 165 | ₹0.04 | 72.2% | 6K | 0 | 6.8 L |
| — | — | — | —% | ₹— | 166 | ₹0.10 | 77.5% | — | 0 | 94K |
| — | — | — | —% | ₹— | 167 | ₹0.05 | 69.4% | — | 0 | 6K |
| — | — | — | —% | ₹— | 167.5 | ₹— | 5.2% | — | — | — |
| — | — | — | —% | ₹— | 168 | ₹0.22 | 83.5% | — | 0 | 1.6 L |
| — | — | — | —% | ₹— | 169 | ₹0.67 | —% | — | 0 | 1.0 L |
| 7.6 L | 0 | 17K | 84.2% | ₹41.90 | 170 | ₹0.04 | 64.1% | 4.1 L | -1.8 L | 19.5 L |
| — | — | — | —% | ₹— | 171 | ₹0.14 | 72.7% | — | 0 | 44K |
| — | — | — | —% | ₹— | 172 | ₹0.13 | 70.2% | — | 0 | 61K |
| — | — | — | —% | ₹— | 172.5 | ₹— | 4.6% | — | — | — |
| — | — | — | —% | ₹— | 173 | ₹0.21 | 73.9% | — | 0 | 1.2 L |
| — | — | — | —% | ₹— | 174 | ₹0.07 | 61.3% | — | 0 | 6.7 L |
| 1.9 L | 0 | 6K | —% | ₹38.00 | 175 | ₹0.06 | 60.1% | 28K | -6K | 19.7 L |
| — | — | — | —% | ₹— | 176 | ₹0.07 | 59.8% | 1.7 L | +1.0 L | 8.0 L |
| — | — | — | —% | ₹— | 177 | ₹0.06 | 57.1% | 11K | 0 | 11K |
| — | — | — | —% | ₹17.52 | 177.5 | ₹2.17 | 113.4% | — | — | — |
| — | — | — | —% | ₹— | 178 | ₹0.06 | 53.9% | — | 0 | 61K |
| — | — | — | —% | ₹— | 179 | ₹0.25 | 65.3% | — | 0 | 61K |
| 11.1 L | 0 | 6K | —% | ₹32.20 | 180 | ₹0.08 | 53.9% | 20.7 L | -11.3 L | 62.9 L |
| — | — | — | —% | ₹— | 181 | ₹0.52 | 71.3% | — | 0 | 83K |
| — | — | — | —% | ₹— | 182 | ₹0.20 | 57.6% | — | 0 | 1.2 L |
| — | — | — | —% | ₹13.85 | 182.5 | ₹0.45 | 66.3% | — | 0 | 77K |
| — | — | — | —% | ₹— | 183 | ₹0.17 | 54.3% | — | 0 | 1.3 L |
| — | — | — | —% | ₹— | 184 | ₹0.23 | 55.5% | — | 0 | 1.8 L |
| 7.4 L | -17K | 28K | —% | ₹27.85 | 185 | ₹0.10 | 47.5% | 4.6 L | -94K | 33.3 L |
| 39K | 0 | — | —% | ₹20.14 | 186 | ₹0.22 | 51.5% | — | 0 | 3.7 L |
| 99K | 0 | — | —% | ₹19.35 | 187 | ₹0.20 | 48.9% | — | 0 | 3.5 L |
| 6K | 0 | — | —% | ₹19.00 | 187.5 | ₹0.19 | 47.6% | — | 0 | 3.0 L |
| 1.9 L | 0 | — | 66.6% | ₹25.04 | 188 | ₹0.18 | 46.3% | — | 0 | 10.7 L |
| 1.3 L | 0 | — | —% | ₹18.70 | 189 | ₹0.23 | 46.7% | — | 0 | 5.2 L |
| 26.9 L | -1.9 L | 2.3 L | —% | ₹21.95 | 190 | ₹0.15 | 42.9% | 13.0 L | -2.0 L | 68.9 L |
| 4.2 L | 0 | — | —% | ₹16.49 | 191 | ₹0.27 | 44.6% | — | 0 | 14.2 L |
| 3.5 L | 0 | — | 37.1% | ₹20.24 | 192 | ₹0.17 | 39.9% | 1.5 L | +6K | 13.3 L |
| 3.4 L | 0 | — | —% | ₹18.61 | 192.5 | ₹0.16 | 39.6% | 33K | 0 | 3.9 L |
| 10.0 L | 0 | — | 51.6% | ₹19.83 | 193 | ₹0.17 | 39.1% | 61K | -11K | 9.7 L |
| 7.0 L | 0 | — | 42.8% | ₹18.52 | 194 | ₹0.20 | 38.0% | 39K | +17K | 12.8 L |
| 2.39 Cr | -50K | 3.8 L | —% | ₹17.02 | 195ATM | ₹0.21 | 36.3% | 11.7 L | -39K | 69.7 L |
| 17.8 L | 0 | 6K | —% | ₹17.00 | 196 | ₹0.27 | 36.1% | 88K | 0 | 15.9 L |
| 8.5 L | 0 | — | —% | ₹14.68 | 197 | ₹0.31 | 35.5% | 83K | -33K | 9.6 L |
| 4.3 L | 0 | — | —% | ₹13.00 | 197.5 | ₹0.31 | 36.1% | 6K | 0 | 5.5 L |
| 4.3 L | -33K | 39K | —% | ₹14.18 | 198 | ₹0.38 | 35.5% | 2.3 L | -1.0 L | 10.2 L |
| 4.9 L | 0 | — | —% | ₹12.64 | 199 | ₹0.43 | 34.5% | 2.3 L | -44K | 4.2 L |
| 60.1 L | -94K | 4.4 L | —% | ₹12.40 | 200 | ₹0.51 | 34.4% | 23.9 L | -6.0 L | 78.9 L |
| 4.8 L | 0 | — | 39.0% | ₹12.16 | 201 | ₹0.66 | 34.4% | 4.0 L | +1.2 L | 9.5 L |
| 6.7 L | 0 | — | —% | ₹10.03 | 202 | ₹0.76 | 34.2% | 3.8 L | +17K | 6.4 L |
| 1.6 L | 0 | — | —% | ₹9.54 | 202.5 | ₹0.82 | 33.5% | 2.9 L | -17K | 2.6 L |
| 9.0 L | 0 | — | 29.6% | ₹9.82 | 203 | ₹0.78 | 33.8% | 3.4 L | -77K | 9.4 L |
| 9.5 L | +11K | 94K | 24.5% | ₹9.06 | 204 | ₹1.10 | 33.5% | 6.5 L | -1.3 L | 17.3 L |
| 41.2 L | -94K | 3.6 L | 27.4% | ₹8.22 | 205 | ₹1.24 | 33.0% | 35.2 L | -39K | 54.4 L |
| 10.8 L | -77K | 1.8 L | 27.6% | ₹8.11 | 206 | ₹1.46 | 32.8% | 8.3 L | -83K | 19.6 L |
| 8.5 L | -1.9 L | 2.8 L | 26.6% | ₹6.61 | 207 | ₹— | —% | — | — | — |
| 11.5 L | -94K | 1.6 L | 27.3% | ₹6.40 | 207.5 | ₹1.87 | 32.3% | 8.3 L | -1.3 L | 10.4 L |
| 10.8 L | -2.1 L | 4.7 L | 27.2% | ₹5.90 | 208 | ₹2.02 | 32.6% | 14.5 L | -1.2 L | 14.3 L |
| 13.4 L | -50K | 3.2 L | 27.5% | ₹5.46 | 209 | ₹2.34 | 32.3% | 10.1 L | +66K | 12.4 L |
| 90.3 L | -3.1 L | 82.8 L | 27.6% | ₹4.60 | 210 | ₹2.74 | 32.2% | 1.14 Cr | +1.9 L | 74.2 L |
| 18.0 L | +17K | 22.1 L | 27.8% | ₹4.12 | 211 | ₹3.13 | 32.1% | 26.2 L | -22K | 11.7 L |
| 27.4 L | +2.1 L | 63.2 L | 27.8% | ₹3.54 | 212 | ₹3.62 | 32.1% | 26.3 L | -1.0 L | 18.2 L |
| 14.8 L | +1.0 L | 32.1 L | 27.6% | ₹3.27 | 212.5 | ₹3.94 | 32.6% | 26.3 L | +3.0 L | 10.6 L |
| 14.8 L | +5.1 L | 38.8 L | 28.1% | ₹3.07 | 213 | ₹— | —% | — | — | — |
| 26.3 L | +11.9 L | 69.4 L | 28.0% | ₹2.64 | 214 | ₹4.67 | 32.3% | 17.7 L | +1.5 L | 7.0 L |
| 99.2 L | +11.2 L | 1.79 Cr | 28.3% | ₹2.25 | 215 | ₹5.29 | 32.2% | 23.3 L | +6.1 L | 33.1 L |
| 10.7 L | +1.5 L | 19.3 L | 27.8% | ₹1.90 | 216 | ₹5.97 | 33.0% | 2.0 L | +55K | 1.6 L |
| 10.0 L | +5.0 L | 31.2 L | 27.9% | ₹1.60 | 217 | ₹— | —% | — | — | — |
| 3.7 L | +11K | 3.6 L | 27.8% | ₹1.48 | 217.5 | ₹25.64 | 187.0% | — | — | — |
| 7.6 L | -6K | 6.8 L | 28.1% | ₹1.31 | 218 | ₹— | —% | — | — | — |
| 1.9 L | -28K | 3.5 L | 28.4% | ₹1.12 | 219 | ₹— | —% | — | — | — |
| 83.5 L | +2.4 L | 86.8 L | 27.9% | ₹0.89 | 220 | ₹8.97 | 34.1% | 4.9 L | -39K | 12.7 L |
| 18.2 L | -2.2 L | 14.1 L | 28.3% | ₹0.59 | 222 | ₹10.75 | 36.6% | 6K | 0 | 11K |
| 11K | +6K | 28K | 28.1% | ₹0.56 | 222.5 | ₹30.16 | 199.4% | — | — | — |
| 11.9 L | -6K | 1.5 L | 28.4% | ₹0.40 | 224 | ₹13.00 | 40.4% | — | 0 | 17K |
| 31.4 L | -88K | 14.8 L | 28.5% | ₹0.32 | 225 | ₹13.50 | 38.8% | 44K | -22K | 39K |
| 5.7 L | -28K | 1.5 L | 29.0% | ₹0.26 | 226 | ₹— | —% | — | — | — |
| 3.2 L | -6K | 61K | 29.1% | ₹0.20 | 227 | ₹— | —% | — | — | — |
| 44K | +22K | 50K | 29.2% | ₹0.23 | 227.5 | ₹34.84 | 211.8% | — | — | — |
| 3.6 L | +1.3 L | 2.6 L | 29.4% | ₹0.18 | 228 | ₹— | —% | — | — | — |
| 50.0 L | -1.2 L | 13.8 L | 30.9% | ₹0.13 | 230 | ₹17.65 | —% | — | 0 | 88K |
| 6.7 L | 0 | 72K | 29.8% | ₹0.08 | 232 | ₹— | —% | — | — | — |
| — | — | — | 2.0% | ₹— | 232.5 | ₹— | —% | — | — | — |
| 19.6 L | -28K | 3.4 L | 31.1% | ₹0.05 | 234 | ₹24.30 | 76.8% | — | 0 | 39K |
| — | — | — | 95.5% | ₹4.02 | 235 | ₹27.20 | 99.4% | — | — | — |
| — | — | — | 2.5% | ₹— | 237.5 | ₹— | —% | — | — | — |
| 19.5 L | -2.6 L | 3.9 L | 36.9% | ₹0.04 | 240 | ₹28.00 | 47.5% | — | 0 | 39K |
| — | — | — | 3.0% | ₹— | 242.5 | ₹— | —% | — | — | — |
| — | — | — | 3.2% | ₹— | 245 | ₹— | —% | — | — | — |
| — | — | — | 3.4% | ₹— | 247.5 | ₹— | —% | — | — | — |
| — | — | — | 3.6% | ₹— | 250 | ₹— | —% | — | — | — |
| — | — | — | 3.8% | ₹— | 252.5 | ₹— | —% | — | — | — |
| — | — | — | 4.1% | ₹— | 255 | ₹— | —% | — | — | — |
| — | — | — | 4.3% | ₹— | 257.5 | ₹— | —% | — | — | — |
| — | — | — | 4.5% | ₹— | 260 | ₹— | —% | — | — | — |
| — | — | — | 4.7% | ₹— | 262.5 | ₹— | —% | — | — | — |
| — | — | — | 4.9% | ₹— | 265 | ₹— | —% | — | — | — |
| — | — | — | 5.3% | ₹— | 270 | ₹— | —% | — | — | — |
| — | — | — | 5.7% | ₹— | 275 | ₹— | —% | — | — | — |
| — | — | — | 6.1% | ₹— | 280 | ₹— | —% | — | — | — |
| — | — | — | 6.5% | ₹— | 285 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
AI AnalysisGenerated daily after market close · AI-powered
Key Strike Levels
Immediate resistance sits at ₹120 due to peak call OI, acting as a strong barrier for upside momentum. On the downside, ₹120 put OI also marks key support, suggesting a high-conviction floor near current spot. The dual polarity at ₹120 defines a near-term range, with spot price caught in a standoff.
OI Buildup Activity
Fresh long calls dominate at ₹212 (+3.68L) and ₹214 (+2.25L), signaling aggressive call buying near spot — likely momentum longs or hedging by short-term bulls. Put writers are actively stacking at ₹210 (+10.61L) and ₹200 (+9.84L), indicating comfort with downside coverage, but the large build at ₹211 (+5L) suggests defensive positioning just below spot. These fresh longs and put writing reflect a bias that sharp downside is unlikely, with writers slowly covering or initiating shorts at lower levels.
Volatility Read
ATM IV holds at 25.28% with neutral skew, implying no pronounced fear or greed in options pricing. Volatility is balanced, suggesting the market isn’t pricing extraordinary moves ahead of expiry.
Strategy Implication
Siding with range-bound sentiment, the bias favors short volatility strategies between ₹210–₹214, with ₹120 as a pivotal breakout trigger.
Related Analysis
Frequently Asked Questions
What is the highest call OI strike for Tata Steel Limited today?▾
The strike with highest call (CE) open interest for Tata Steel Limited is ₹195 for the 2026-04-28 expiry. This acts as a key resistance level since call writers will defend this strike aggressively near expiry.
What is the highest put OI strike for Tata Steel Limited today?▾
The strike with highest put (PE) open interest for Tata Steel Limited is ₹200 for the 2026-04-28 expiry. This acts as a key support level — put writers will tend to defend this level near expiry.
What does OI buildup in Tata Steel Limited options mean?▾
Open Interest (OI) buildup in Tata Steel Limited options shows how many net new contracts are being created at each strike. Rising OI at a strike means fresh positions (writers or buyers). Rising OI with rising price = long buildup (bullish); rising OI with falling price = short buildup (bearish).
When does Tata Steel Limited options expire?▾
Tata Steel Limited options have their nearest expiry on 2026-04-28. NSE F&O stocks have monthly expiry contracts — typically the last Tuesday of each month. MarketNetra shows data for the nearest two expiries.
How to read Tata Steel Limited option chain?▾
The Tata Steel Limited option chain shows calls (CE) on the left and puts (PE) on the right for each strike price. Key columns: OI (total open contracts), OI Change (new positions today), Volume (today's trades), IV (implied volatility — higher = more uncertainty), and LTP (last traded price). The ATM (at-the-money) strike is highlighted in blue.