Tata Steel Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.8 L | 0 | — | —% | ₹— | 155 | ₹— | —% | — | +47K | 69K |
| 2.2 L | 0 | — | —% | ₹— | 160 | ₹— | —% | — | +1.0 L | 9.2 L |
| 3K | 0 | — | —% | ₹— | 162.5 | ₹— | —% | — | +11K | 5.9 L |
| 8K | 0 | — | —% | ₹— | 165 | ₹— | —% | — | +19K | 26.5 L |
| 2.4 L | 0 | — | —% | ₹— | 167.5 | ₹— | —% | — | +36K | 5.9 L |
| 5.6 L | -25K | — | —% | ₹— | 170 | ₹— | —% | — | +3.5 L | 58.3 L |
| 4.9 L | +1.1 L | — | —% | ₹— | 172.5 | ₹— | —% | — | +91K | 14.9 L |
| 14.9 L | +58K | — | —% | ₹— | 175 | ₹— | —% | — | -3.0 L | 41.0 L |
| 11.3 L | +99K | — | —% | ₹— | 177.5 | ₹— | —% | — | +4.4 L | 61.4 L |
| 30.8 L | -4.6 L | — | —% | ₹— | 180 | ₹— | —% | — | +3.6 L | 83.6 L |
| 18.3 L | -5.4 L | — | —% | ₹— | 182.5 | ₹— | —% | — | +5.2 L | 26.5 L |
| 1.07 Cr | -11.2 L | — | —% | ₹— | 185 | ₹— | —% | — | +16.0 L | 1.08 Cr |
| 42.4 L | -7.3 L | — | —% | ₹— | 187.5 | ₹— | —% | — | +13.8 L | 45.3 L |
| 2.39 Cr | -13.8 L | — | —% | ₹— | 190ATM | ₹— | —% | — | +22.2 L | 1.02 Cr |
| 29.4 L | -1.5 L | — | —% | ₹— | 192.5 | ₹— | —% | — | +3.1 L | 18.6 L |
| 57.4 L | -2.4 L | — | —% | ₹— | 195 | ₹— | —% | — | -85K | 25.2 L |
| 62.3 L | +16.7 L | — | —% | ₹— | 197.5 | ₹— | —% | — | +1.8 L | 3.2 L |
| 1.63 Cr | -10.8 L | — | —% | ₹— | 200 | ₹— | —% | — | -1.5 L | 46.3 L |
| 9.1 L | +83K | — | —% | ₹— | 202.5 | ₹— | —% | — | +39K | 1.1 L |
| 72.1 L | -20.7 L | — | —% | ₹— | 205 | ₹— | —% | — | -69K | 3.2 L |
| 21.5 L | +61K | — | —% | ₹— | 207.5 | ₹— | —% | — | 0 | 58K |
| 51.8 L | +2.0 L | — | —% | ₹— | 210 | ₹— | —% | — | +1.5 L | 38.9 L |
| 13.6 L | +47K | — | —% | ₹— | 215 | ₹— | —% | — | 0 | 2.8 L |
| 13.1 L | -2.3 L | — | —% | ₹— | 220 | ₹— | —% | — | -8K | 7.9 L |
| 7.8 L | +3.9 L | — | —% | ₹— | 225 | ₹— | —% | — | +28K | 6.3 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 (OI) map shows a tight concentration around the 190‑210 ₹ band, framing the near‑term support‑resistance corridor. The highest call OI sits at the 210 ₹ strike, while the biggest put OI clusters at 190 ₹, suggesting the market’s fair‑value range for the expiry. With spot trading at 188.79 ₹, the implied range is anchored by 190 ₹ as a strong support and 210 ₹ as a firm resistance.
OI Buildup Activity
During the last session, fresh OI adds appear at the 197.5 ₹ call (+16 contracts, 69,250 ₹), the 225 ₹ call (+3 contracts, 87,750 ₹) and the 210 ₹ call (+2 contracts, 200,750 ₹), indicating that option writers are layering new short positions near the upper bound. On the put side, the 190 ₹ strike absorbs the largest addition (+22 contracts, 22,000 ₹), followed by 185 ₹ (+16 contracts, 17,000 ₹) and 187.5 ₹ (+13 contracts, 99,750 ₹), reflecting intensified protection near the lower bound. These inflows suggest a balanced buildup of both bullish and bearish hedges as traders position ahead of the 2026‑09‑29 expiry.
Volatility Read
The at‑the‑money implied volatility stands at roughly 24 %, indicating moderate price expectations for the remaining weeks. The volatility skew is tilted bearish, with out‑of‑the‑money puts priced slightly higher than calls, hinting at a market bias toward downside protection.
Key OI Levels
The most substantial open‑interest concentration lies at the 210 ₹ call (CE) and the 190 ₹ put (PE).