Tech Mahindra Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 1,084 | ₹— | —% | — | 0 | 6K |
| 1K | 0 | — | —% | ₹— | 1,164 | ₹— | —% | — | — | — |
| — | — | — | —% | ₹— | 1,284 | ₹— | —% | — | 0 | 600 |
| 0 | 0 | — | —% | ₹— | 1,360 | ₹— | —% | — | 0 | 0 |
| 65K | 0 | — | —% | ₹— | 1,400 | ₹— | —% | — | 0 | 4.0 L |
| 56K | 0 | — | —% | ₹— | 1,440 | ₹— | —% | — | 0 | 4.5 L |
| 17K | 0 | — | —% | ₹— | 1,460 | ₹— | —% | — | -1K | 1.2 L |
| 6K | -2K | — | —% | ₹— | 1,480 | ₹— | —% | — | 0 | 3.4 L |
| 37K | 0 | — | —% | ₹— | 1,500 | ₹— | —% | — | +51K | 3.4 L |
| 26K | -600 | — | —% | ₹— | 1,520 | ₹— | —% | — | -22K | 82K |
| 1.3 L | 0 | — | —% | ₹— | 1,540 | ₹— | —% | — | +2K | 4.7 L |
| 68K | +4K | — | —% | ₹— | 1,560 | ₹— | —% | — | +11K | 1.9 L |
| 1.3 L | +20K | — | —% | ₹— | 1,580 | ₹— | —% | — | +8K | 2.5 L |
| 5.9 L | +1.1 L | — | —% | ₹— | 1,600 | ₹— | —% | — | +14K | 5.1 L |
| 3.3 L | +73K | — | —% | ₹— | 1,620 | ₹— | —% | — | +32K | 2.1 L |
| 8.3 L | -25K | — | —% | ₹— | 1,640ATM | ₹— | —% | — | +26K | 3.3 L |
| 5.2 L | +2.4 L | — | —% | ₹— | 1,660 | ₹— | —% | — | +2K | 1.4 L |
| 3.6 L | +2K | — | —% | ₹— | 1,680 | ₹— | —% | — | 0 | 19K |
| 6.1 L | +27K | — | —% | ₹— | 1,700 | ₹— | —% | — | -11K | 1.6 L |
| 1.7 L | -600 | — | —% | ₹— | 1,720 | ₹— | —% | — | 0 | 18K |
| 1.1 L | -2K | — | —% | ₹— | 1,740 | ₹— | —% | — | 0 | 6K |
| 5.2 L | +13K | — | —% | ₹— | 1,760 | ₹— | —% | — | 0 | 19K |
| 74K | -2K | — | —% | ₹— | 1,780 | ₹— | —% | — | 0 | 0 |
| 4.7 L | +23K | — | —% | ₹— | 1,800 | ₹— | —% | — | 0 | 5K |
| 98K | 0 | — | —% | ₹— | 1,840 | ₹— | —% | — | 0 | 0 |
| 67K | -600 | — | —% | ₹— | 1,880 | ₹— | —% | — | -600 | 8K |
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) profile shows a clear “bull‑bear” corridor between ₹1,600 and ₹1,640. The largest call OI sits at ₹1,660, acting as a resistance ceiling, while the biggest put OI is anchored at ₹1,500, providing a support floor. Together these levels bracket the underlying price of ₹1,596.9, suggesting that market participants expect the equity to trade within this band through the September 29 expiry.
OI Buildup Activity
During the most recent session fresh call OI accumulated at ₹1,660 (+2 contracts = 41,200 lots), ₹1,600 (+1 contract = 108,600 lots) and ₹1,620 (+0 contract = 70,800 lots), indicating that sellers are adding protection near the upper edge of the range. On the put side, new OI emerged at ₹1,500 (+0 contract = 51,600 lots), ₹1,620 (+0 contract = 32,400 lots) and ₹1,640 (+0 contract = 25,800 lots), reinforcing the downside support zone. The pattern of additions points to market makers positioning to capture premium while maintaining a balanced risk‑reversal stance.
Volatility Read
The at‑the‑money implied volatility stands at 21.28 %, reflecting moderate premium pricing for the September 29 horizon. The volatility skew is bearish, with out‑of‑the‑money calls priced higher relative to puts, implying a market bias toward downside movement.
Key OI Levels
The highest call OI resides at ₹1,660 (1,000 contracts) and the highest put OI at ₹1,500 (1,000 contracts).