Tech Mahindra Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 800 | ₹— | 14.0% | — | — | — |
| — | — | — | —% | ₹— | 840 | ₹— | 12.9% | — | — | — |
| — | — | — | —% | ₹— | 880 | ₹— | 11.9% | — | — | — |
| — | — | — | —% | ₹— | 920 | ₹— | 10.9% | — | — | — |
| — | — | — | —% | ₹— | 960 | ₹— | 9.9% | — | — | — |
| — | — | — | —% | ₹— | 980 | ₹— | 9.5% | — | — | — |
| — | — | — | —% | ₹— | 1,000 | ₹— | 9.1% | — | — | — |
| — | — | — | —% | ₹— | 1,020 | ₹— | 8.6% | — | — | — |
| — | — | — | —% | ₹— | 1,040 | ₹— | 8.2% | — | — | — |
| — | — | — | —% | ₹— | 1,060 | ₹— | 7.8% | — | — | — |
| 11K | 0 | — | —% | ₹444.80 | 1,080 | ₹0.10 | —% | — | 0 | 14K |
| — | — | — | —% | ₹— | 1,100 | ₹— | 7.0% | — | — | — |
| 4K | 0 | — | —% | ₹363.45 | 1,120 | ₹0.30 | —% | — | 0 | 14K |
| — | — | — | —% | ₹— | 1,140 | ₹— | 6.2% | — | — | — |
| 2K | 0 | — | —% | ₹276.50 | 1,160 | ₹0.50 | 78.5% | — | 0 | 10K |
| — | — | — | —% | ₹190.20 | 1,180 | ₹0.30 | 69.4% | — | 0 | 7K |
| 4K | 0 | — | —% | ₹298.85 | 1,200 | ₹0.55 | 71.1% | 2K | 0 | 64K |
| — | — | — | —% | ₹157.95 | 1,220 | ₹0.40 | 62.6% | 600 | 0 | 11K |
| — | — | — | —% | ₹496.10 | 1,240 | ₹0.65 | 62.7% | — | 0 | 17K |
| — | — | — | —% | ₹128.60 | 1,260 | ₹0.45 | 55.5% | 20K | -5K | 2.1 L |
| 600 | +600 | — | 75.0% | ₹231.20 | 1,280 | ₹0.60 | 53.5% | 2K | 0 | 1.9 L |
| 50K | 0 | — | 63.7% | ₹209.90 | 1,300 | ₹0.85 | 51.9% | 37K | -8K | 1.6 L |
| — | — | — | 435.5% | ₹447.05 | 1,320 | ₹1.30 | 49.7% | 23K | -1K | 2.0 L |
| 37K | 0 | — | —% | ₹107.05 | 1,340 | ₹1.85 | 47.6% | 25K | -1K | 96K |
| 56K | 0 | — | 53.3% | ₹151.70 | 1,360 | ₹2.70 | 46.2% | 36K | -8K | 1.0 L |
| 80K | 0 | — | —% | ₹119.95 | 1,380 | ₹3.85 | 44.6% | 25K | +7K | 1.4 L |
| 2.8 L | -17K | 34K | 39.8% | ₹103.95 | 1,400 | ₹5.75 | 43.3% | 1.8 L | -7K | 4.3 L |
| 3.6 L | +10K | 19K | 39.6% | ₹87.70 | 1,420 | ₹8.35 | 42.0% | 1.5 L | -8K | 3.3 L |
| 3.1 L | -11K | 41K | 38.3% | ₹70.50 | 1,440 | ₹12.00 | 41.0% | 2.6 L | +4K | 2.3 L |
| 2.9 L | 0 | 71K | 37.7% | ₹55.40 | 1,460 | ₹16.60 | 39.6% | 2.6 L | -20K | 2.1 L |
| 2.9 L | +3K | 1.6 L | 37.5% | ₹42.65 | 1,480 | ₹24.15 | 39.3% | 3.0 L | +13K | 2.4 L |
| 7.0 L | +5K | 9.6 L | 37.4% | ₹31.25 | 1,500ATM | ₹33.20 | 39.0% | 5.0 L | +11K | 3.7 L |
| 4.0 L | +54K | 7.6 L | 36.7% | ₹22.30 | 1,520 | ₹43.60 | 38.6% | 1.6 L | +16K | 1.6 L |
| 2.2 L | +7K | 4.0 L | 36.9% | ₹15.85 | 1,540 | ₹56.85 | 38.8% | 80K | +5K | 1.2 L |
| 2.9 L | -8K | 4.6 L | 37.2% | ₹10.45 | 1,560 | ₹70.70 | 38.5% | 29K | -600 | 62K |
| 1.7 L | -6K | 2.7 L | 37.5% | ₹7.20 | 1,580 | ₹103.00 | 68.1% | — | 0 | 2K |
| 6.2 L | +13K | 5.4 L | 37.8% | ₹4.75 | 1,600 | ₹105.90 | 42.1% | 22K | -9K | 1.2 L |
| 59K | -7K | 82K | 38.9% | ₹3.10 | 1,620 | ₹126.70 | 57.4% | — | 0 | 3K |
| 1.4 L | +2K | 46K | 39.0% | ₹2.05 | 1,640 | ₹135.00 | 46.6% | 4K | -3K | 29K |
| — | — | 600 | 47.4% | ₹3.20 | 1,660 | ₹301.00 | 240.7% | — | — | — |
| 2.5 L | +19K | 1.3 L | 40.6% | ₹0.85 | 1,680 | ₹171.00 | —% | — | 0 | 19K |
| — | — | — | 2.6% | ₹— | 1,700 | ₹— | —% | — | — | — |
| — | — | — | 237.2% | ₹127.45 | 1,720 | ₹76.00 | —% | — | — | — |
| — | — | — | 3.2% | ₹— | 1,740 | ₹— | —% | — | — | — |
| — | — | — | —% | ₹106.90 | 1,760 | ₹94.85 | —% | — | — | — |
| — | — | — | 3.7% | ₹— | 1,780 | ₹— | —% | — | — | — |
| — | — | — | 215.4% | ₹88.80 | 1,800 | ₹116.15 | —% | — | — | — |
| — | — | — | 4.2% | ₹— | 1,820 | ₹— | —% | — | — | — |
| — | — | — | —% | ₹73.05 | 1,840 | ₹139.80 | —% | — | — | — |
| — | — | — | 4.6% | ₹— | 1,860 | ₹— | —% | — | — | — |
| — | — | — | —% | ₹59.55 | 1,880 | ₹165.65 | —% | — | — | — |
| — | — | — | 5.1% | ₹— | 1,900 | ₹— | —% | — | — | — |
| — | — | — | —% | ₹48.10 | 1,920 | ₹193.60 | —% | — | — | — |
| — | — | — | 5.6% | ₹— | 1,940 | ₹— | —% | — | — | — |
| — | — | — | —% | ₹38.60 | 1,960 | ₹223.50 | —% | — | — | — |
| — | — | — | —% | ₹30.60 | 2,000 | ₹254.90 | —% | — | — | — |
| — | — | — | 6.7% | ₹— | 2,040 | ₹— | —% | — | — | — |
| — | — | — | 7.1% | ₹— | 2,080 | ₹— | —% | — | — | — |
| — | — | — | 7.5% | ₹— | 2,120 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
Key Strike Levels
Immediate resistance aligns at ₹1520, reinforced by peak call OI and fresh longs building at 1520, 1580, and 1600. Strong support rests at ₹1000, where peak put OI suggests aggressive put writers are defending the floor. The implied range expands from ₹1000 to ₹1600, reflecting asymmetric delta exposure and long-dated speculative positioning.
OI Buildup Activity
Call writers are accumulating risk at 1520 and 1580, with massive fresh OI additions of +2.43 lakh and +73,200 contracts signaling premium collection ahead of resistance. Put side sees notable long activation at 1540 (+74,400) and 1420 (+63,000), indicating hedging below spot and speculative downside protection. Unusual PE buildup at 1520 (+29,400) suggests convergence play or downside hedge against call shorting at same strike.
Volatility Read
ATM IV holds at 27.96%, within fair value range, supporting neutral volatility sentiment for long-dated options. Skew flatness indicates balanced risk pricing—no pronounced fear or greed across wings.
Strategy Implication
Bias leans toward range expansion with writer pressure capping rallies, favoring strategies that exploit premium decay within the ₹1000–1600 corridor.