Tech Mahindra Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 1,240 | ₹— | —% | — | +4K | 16K |
| 0 | 0 | — | —% | ₹— | 1,280 | ₹— | —% | — | 0 | 16K |
| 0 | 0 | — | —% | ₹— | 1,320 | ₹— | —% | — | 0 | 0 |
| 2K | 0 | — | —% | ₹— | 1,340 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 1,360 | ₹— | —% | — | 0 | 7K |
| 0 | 0 | — | —% | ₹— | 1,380 | ₹— | —% | — | 0 | 8K |
| 35K | 0 | — | —% | ₹— | 1,400 | ₹— | —% | — | -10K | 64K |
| 600 | +600 | — | —% | ₹— | 1,420 | ₹— | —% | — | 0 | 13K |
| 34K | 0 | — | —% | ₹— | 1,440 | ₹— | —% | — | +6K | 8K |
| 4K | 0 | — | —% | ₹— | 1,460 | ₹— | —% | — | +2K | 22K |
| 1K | 0 | — | —% | ₹— | 1,480 | ₹— | —% | — | -1K | 22K |
| 82K | +600 | — | —% | ₹— | 1,500 | ₹— | —% | — | +25K | 2.1 L |
| 2K | 0 | — | —% | ₹— | 1,520 | ₹— | —% | — | +4K | 12K |
| 14K | 0 | — | —% | ₹— | 1,540 | ₹— | —% | — | +31K | 77K |
| 19K | +1K | — | —% | ₹— | 1,560 | ₹— | —% | — | +13K | 44K |
| 12K | +600 | — | —% | ₹— | 1,580 | ₹— | —% | — | +9K | 98K |
| 82K | -4K | — | —% | ₹— | 1,600 | ₹— | —% | — | +20K | 2.6 L |
| 10K | 0 | — | —% | ₹— | 1,620 | ₹— | —% | — | -32K | 1.3 L |
| 35K | -1K | — | —% | ₹— | 1,640 | ₹— | —% | — | +2K | 2.1 L |
| 8K | +4K | — | —% | ₹— | 1,660 | ₹— | —% | — | -4K | 93K |
| 20K | -2K | — | —% | ₹— | 1,680 | ₹— | —% | — | +81K | 1.6 L |
| 2.8 L | -5K | — | —% | ₹— | 1,700 | ₹— | —% | — | -4K | 7.4 L |
| 53K | -19K | — | —% | ₹— | 1,720 | ₹— | —% | — | +56K | 1.2 L |
| 94K | +18K | — | —% | ₹— | 1,740 | ₹— | —% | — | +55K | 2.2 L |
| 1.6 L | +73K | — | —% | ₹— | 1,760 | ₹— | —% | — | +88K | 4.5 L |
| 2.1 L | +34K | — | —% | ₹— | 1,780 | ₹— | —% | — | -20K | 1.7 L |
| 8.3 L | +1.6 L | — | —% | ₹— | 1,800ATM | ₹— | —% | — | +47K | 3.5 L |
| 3.3 L | +1.1 L | — | —% | ₹— | 1,820 | ₹— | —% | — | +14K | 1.2 L |
| 4.1 L | +92K | — | —% | ₹— | 1,840 | ₹— | —% | — | +17K | 91K |
| 2.8 L | +47K | — | —% | ₹— | 1,860 | ₹— | —% | — | -4K | 41K |
| 90K | +7K | — | —% | ₹— | 1,880 | ₹— | —% | — | 0 | 16K |
| 2.7 L | +42K | — | —% | ₹— | 1,900 | ₹— | —% | — | -2K | 41K |
| 1.1 L | +23K | — | —% | ₹— | 1,920 | ₹— | —% | — | 0 | 2K |
| 75K | +16K | — | —% | ₹— | 1,940 | ₹— | —% | — | 0 | 7K |
| 68K | -25K | — | —% | ₹— | 1,960 | ₹— | —% | — | 0 | 12K |
| 91K | +11K | — | —% | ₹— | 1,980 | ₹— | —% | — | 0 | 600 |
| 3.1 L | +31K | — | —% | ₹— | 2,000 | ₹— | —% | — | +600 | 10K |
| 1.2 L | +19K | — | —% | ₹— | 2,040 | ₹— | —% | — | 0 | 0 |
| 1.2 L | +17K | — | —% | ₹— | 2,080 | ₹— | —% | — | 0 | 2K |
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 call option at 1800 shows the largest open interest with 1,800 contracts, indicating a strong resistance zone around that level and suggesting potential seller pressure. The put option at 1760 holds the equal highest open interest of 1,000 contracts, marking a solid support zone near that strike and reflecting defensive buying interest. Collectively these concentrations suggest an implied price corridor between 1760 and 1800 for the upcoming expiry, highlighting a range where market participants may focus.
OI Buildup Activity
Fresh open interest adds are notable at the 1800 call (+1,62,000) and the 1820 call (+1,07,400), reflecting aggressive positioning by writers near the upper band of the range, and indicating confidence in a continued rally. On the downside, the 1760 put (+85,800) and 1680 put (+81,000) exhibit significant new builds, indicating defensive hedging by market participants, and showing a balanced risk management approach. The incremental builds across strikes from 1680 to 1840 illustrate a balanced distribution of risk among both call and put writers, reinforcing a market view.
Volatility Read
The at‑the‑money implied volatility stands at 28.11%, aligning with typical equity‑index levels for this maturity. The volatility skew remains neutral, showing no pronounced bias toward either calls or puts.
Key OI Levels
The strikes with the highest call and put open interest are 1800 (CE) and 1760 (PE) respectively, each holding 1,000 contracts.