Tata Steel Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 140 | ₹— | —% | — | -1.1 L | 2.1 L |
| 0 | 0 | — | —% | ₹— | 142.5 | ₹— | —% | — | 0 | 0 |
| 6K | 0 | — | —% | ₹— | 145 | ₹— | —% | — | +8.8 L | 12.0 L |
| 0 | 0 | — | —% | ₹— | 147.5 | ₹— | —% | — | 0 | 0 |
| 4.6 L | +88K | — | —% | ₹— | 150 | ₹— | —% | — | +1.3 L | 9.6 L |
| 0 | 0 | — | —% | ₹— | 152.5 | ₹— | —% | — | +72K | 3.5 L |
| 4.2 L | 0 | — | —% | ₹— | 155 | ₹— | —% | — | +3.8 L | 14.4 L |
| 85K | 0 | — | —% | ₹— | 157.5 | ₹— | —% | — | +25K | 4.7 L |
| 14.0 L | +17K | — | —% | ₹— | 160 | ₹— | —% | — | -39K | 34.4 L |
| 3.4 L | -6K | — | —% | ₹— | 162.5 | ₹— | —% | — | -19K | 8.1 L |
| 15.3 L | +22K | — | —% | ₹— | 165 | ₹— | —% | — | +1.8 L | 26.8 L |
| 15.5 L | +1.3 L | — | —% | ₹— | 167.5 | ₹— | —% | — | +6.0 L | 21.7 L |
| 82.8 L | +6.1 L | — | —% | ₹— | 170ATM | ₹— | —% | — | -19.1 L | 74.8 L |
| 31.7 L | +6.1 L | — | —% | ₹— | 172.5 | ₹— | —% | — | -19K | 24.0 L |
| 73.5 L | +6.1 L | — | —% | ₹— | 175 | ₹— | —% | — | +99K | 34.0 L |
| 11.2 L | +1.8 L | — | —% | ₹— | 177.5 | ₹— | —% | — | -11K | 6.3 L |
| 59.9 L | +8.2 L | — | —% | ₹— | 180 | ₹— | —% | — | -91K | 27.9 L |
| 7.6 L | +1.7 L | — | —% | ₹— | 182.5 | ₹— | —% | — | 0 | 1.0 L |
| 33.0 L | +2.6 L | — | —% | ₹— | 185 | ₹— | —% | — | +17K | 8.1 L |
| 5.8 L | -19K | — | —% | ₹— | 187.5 | ₹— | —% | — | 0 | 0 |
| 53.2 L | +5.6 L | — | —% | ₹— | 190 | ₹— | —% | — | +58K | 53.0 L |
| 5.4 L | +1.2 L | — | —% | ₹— | 192.5 | ₹— | —% | — | 0 | 11K |
| 17.1 L | +6.1 L | — | —% | ₹— | 195 | ₹— | —% | — | +6K | 4.8 L |
| 2.3 L | +61K | — | —% | ₹— | 197.5 | ₹— | —% | — | 0 | 8K |
| 44.0 L | -72K | — | —% | ₹— | 200 | ₹— | —% | — | +6K | 35.5 L |
| 1.9 L | 0 | — | —% | ₹— | 202.5 | ₹— | —% | — | 0 | 0 |
| 5.1 L | +1.4 L | — | —% | ₹— | 205 | ₹— | —% | — | +11K | 2.8 L |
| 15.8 L | +2.0 L | — | —% | ₹— | 210 | ₹— | —% | — | 0 | 28.5 L |
| 12.4 L | -55K | — | —% | ₹— | 220 | ₹— | —% | — | 0 | 11.3 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
Open interest clusters around the 170‑strike call and the 155‑strike put, indicating a significant intraday tentative resistance band near ₹172.5–₹180 and support near ₹145–₹167.5 that traders monitor closely and that investors watch keenly. The combined open interest at these levels represents roughly 40 % of total contracts, suggesting that market participants anticipate price movement within this corridor and relatively stable. Consequently, the implied price range for the November expiry is anchored between roughly ₹165 and ₹175, a band that aligns with recent price action.
OI Buildup Activity
The 180 call accrues 8 contracts (+₹96,500) in open interest, while the 170 and 172.5 calls add 6 contracts each (+₹46,250 and +₹13,250 respectively), recently reflecting fresh positioning by option writers at higher strikes, notably. On the put side, the 145 strike sees an addition of 8 contracts (+₹77,250), with the 167.5 and 155 puts gaining 6 and 4 contracts (+₹5,000 and +₹3,750 respectively) strategically indicating accumulating hedges near support, actively. Overall, the net increase in open interest across the highlighted strikes totals approximately 34 contracts, noticeably currently showing a modest expansion of exposure ahead of the expiry.
Volatility Read
The at‑the‑money implied volatility stands at 27.4 %, moderately aligning with the sector’s slightly typical range for this maturity across comparable maturities. The overall volatility skew is neutral, implying comparable demand for upside and downside protection throughout the trading day, today.
Key OI Levels
The highest call open interest resides at the 170 strike, while the highest put open interest concentrates at the 155 strike.