The Federal Bank Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 145 | ₹— | 15.7% | — | — | — |
| — | — | — | —% | ₹— | 150 | ₹— | 14.9% | — | — | — |
| — | — | — | —% | ₹— | 155 | ₹— | 14.2% | — | — | — |
| — | — | — | —% | ₹— | 160 | ₹— | 13.5% | — | — | — |
| — | — | — | —% | ₹— | 165 | ₹— | 12.8% | — | — | — |
| — | — | — | —% | ₹— | 170 | ₹— | 12.1% | — | — | — |
| — | — | — | —% | ₹— | 175 | ₹— | 11.5% | — | — | — |
| — | — | — | —% | ₹— | 180 | ₹— | 10.9% | — | — | — |
| — | — | — | —% | ₹— | 182.5 | ₹— | 10.6% | — | — | — |
| — | — | — | —% | ₹— | 185 | ₹— | 10.3% | — | — | — |
| — | — | — | —% | ₹— | 187.5 | ₹— | 10.0% | — | — | — |
| — | — | — | —% | ₹— | 190 | ₹— | 9.7% | — | — | — |
| — | — | — | —% | ₹— | 192.5 | ₹— | 9.4% | — | — | — |
| — | — | — | —% | ₹— | 195 | ₹— | 9.1% | — | — | — |
| — | — | — | —% | ₹— | 197.5 | ₹— | 8.8% | — | — | — |
| — | — | — | —% | ₹— | 200 | ₹— | 8.6% | — | — | — |
| — | — | — | —% | ₹— | 202.5 | ₹— | 8.3% | — | — | — |
| — | — | — | —% | ₹— | 205 | ₹— | 8.0% | — | — | — |
| — | — | — | —% | ₹— | 207.5 | ₹— | 7.8% | — | — | — |
| — | — | — | —% | ₹— | 210 | ₹— | 7.5% | — | — | — |
| — | — | — | —% | ₹— | 212.5 | ₹— | 7.2% | — | — | — |
| — | — | — | —% | ₹73.65 | 215 | ₹0.05 | —% | — | 0 | 1.6 L |
| — | — | — | —% | ₹80.70 | 217.5 | ₹0.70 | —% | — | 0 | 10K |
| 55K | -10K | 20K | —% | ₹76.60 | 220 | ₹0.05 | 80.2% | — | 0 | 5.2 L |
| — | — | — | —% | ₹75.80 | 222.5 | ₹0.10 | 84.0% | — | — | — |
| — | — | — | —% | ₹64.25 | 225 | ₹0.05 | 77.3% | 5K | 0 | 2.2 L |
| — | — | — | —% | ₹70.95 | 227.5 | ₹0.05 | 71.8% | — | 0 | 30K |
| 5K | +5K | — | —% | ₹66.20 | 230 | ₹0.05 | 72.5% | 20K | -5K | 1.9 L |
| — | — | — | —% | ₹66.10 | 232.5 | ₹0.10 | 72.2% | — | 0 | 1.4 L |
| — | — | — | —% | ₹55.20 | 235 | ₹0.05 | 65.8% | 20K | 0 | 1.1 L |
| — | — | — | —% | ₹61.30 | 237.5 | ₹0.20 | 73.3% | — | 0 | 35K |
| 2.4 L | -5K | 10K | —% | ₹57.90 | 240 | ₹0.05 | 61.6% | 2.0 L | +2.0 L | 25.4 L |
| — | — | — | —% | ₹56.55 | 242.5 | ₹0.30 | 71.7% | — | 0 | 75K |
| 35K | 0 | 5K | —% | ₹52.00 | 245 | ₹0.10 | 61.2% | 20K | -15K | 2.0 L |
| — | — | — | 129.2% | ₹51.95 | 247.5 | ₹0.20 | 61.1% | — | 0 | 1.7 L |
| 3.0 L | -20K | 65K | —% | ₹45.60 | 250 | ₹0.10 | 54.4% | 1.9 L | -65K | 9.9 L |
| — | — | — | 123.4% | ₹47.40 | 252.5 | ₹0.15 | 52.7% | — | 0 | 2.3 L |
| 1.9 L | 0 | — | —% | ₹34.05 | 255 | ₹0.15 | 51.8% | 1.8 L | -15K | 6.6 L |
| 2.5 L | 0 | — | —% | ₹26.30 | 257.5 | ₹0.15 | 48.8% | 35K | 0 | 5.0 L |
| 10.6 L | 0 | 5K | —% | ₹38.35 | 260 | ₹0.20 | 48.1% | 6.8 L | -80K | 26.3 L |
| 3.7 L | 0 | 10K | —% | ₹33.25 | 262.5 | ₹0.35 | 47.9% | — | 0 | 3.9 L |
| 7.4 L | 0 | 5K | —% | ₹33.00 | 265 | ₹0.25 | 44.5% | 2.5 L | +10K | 12.0 L |
| 4.0 L | 0 | — | —% | ₹26.85 | 267.5 | ₹0.30 | 44.3% | 45K | +25K | 8.2 L |
| 11.4 L | -15K | 1.3 L | 30.0% | ₹26.55 | 270 | ₹0.35 | 40.3% | 6.3 L | +1.4 L | 19.0 L |
| 8.7 L | 0 | — | 43.3% | ₹23.25 | 272.5 | ₹0.45 | 39.4% | 10K | +5K | 8.2 L |
| 6.1 L | 0 | 15K | 30.1% | ₹21.35 | 275 | ₹0.55 | 37.6% | 7.2 L | -60K | 12.2 L |
| 2.5 L | -5K | 15K | —% | ₹19.80 | 277.5 | ₹0.60 | 36.5% | 45K | +5K | 3.7 L |
| 12.0 L | -70K | 1.1 L | 29.3% | ₹16.55 | 280 | ₹0.90 | 34.7% | 21.6 L | +3.1 L | 27.9 L |
| 3.4 L | -10K | 20K | 29.8% | ₹14.55 | 282.5 | ₹1.10 | 33.3% | 1.7 L | +5K | 7.4 L |
| 8.8 L | -80K | 2.0 L | 29.1% | ₹12.00 | 285 | ₹1.45 | 31.5% | 12.6 L | -2.5 L | 15.1 L |
| 6.8 L | -25K | 50K | 26.8% | ₹10.00 | 287.5 | ₹1.90 | 31.1% | 5.0 L | +65K | 11.1 L |
| 30.5 L | -2.0 L | 16.6 L | 27.6% | ₹8.30 | 290ATM | ₹2.50 | 30.0% | 37.4 L | +2.0 L | 32.4 L |
| 6.3 L | -30K | 3.8 L | 28.0% | ₹6.65 | 292.5 | ₹3.25 | 30.2% | 6.7 L | +35K | 7.5 L |
| 22.1 L | -3.6 L | 41.5 L | 28.0% | ₹5.10 | 295 | ₹4.45 | 29.2% | 34.8 L | +4.6 L | 18.8 L |
| 14.2 L | +4.0 L | 30.6 L | 28.4% | ₹3.95 | 297.5 | ₹5.65 | 29.4% | 10.4 L | +2.4 L | 4.3 L |
| 45.0 L | +1.7 L | 1.03 Cr | 27.4% | ₹2.95 | 300 | ₹7.10 | 28.8% | 13.3 L | +2.6 L | 11.2 L |
| 7.5 L | +60K | 8.4 L | 27.2% | ₹2.10 | 302.5 | ₹16.50 | 72.6% | — | — | — |
| 32.0 L | -2.1 L | 58.2 L | 28.3% | ₹1.55 | 305 | ₹38.05 | 192.1% | — | 0 | 10K |
| 1.9 L | -10K | 1.1 L | 28.0% | ₹1.10 | 307.5 | ₹12.10 | 30.3% | 10K | 0 | 15K |
| 27.5 L | +3.8 L | 17.9 L | 27.4% | ₹0.70 | 310 | ₹15.00 | 31.3% | 10K | -5K | 2.5 L |
| 3.6 L | +70K | 1.7 L | 28.0% | ₹0.50 | 312.5 | ₹22.55 | 68.0% | — | — | — |
| 12.9 L | -60K | 10.1 L | 28.6% | ₹0.35 | 315 | ₹20.50 | 32.3% | — | 0 | 50K |
| — | — | — | 95.2% | ₹7.75 | 317.5 | ₹48.00 | 204.6% | — | 0 | 15K |
| 9.2 L | -95K | 13.4 L | 29.5% | ₹0.15 | 320 | ₹22.80 | 44.1% | 75K | -60K | 90K |
| 90K | 0 | — | 36.7% | ₹0.30 | 322.5 | ₹29.55 | 60.1% | — | — | — |
| 6.3 L | +2.1 L | 2.4 L | 28.6% | ₹0.05 | 325 | ₹35.00 | 88.5% | — | 0 | 5K |
| — | — | — | 94.1% | ₹5.25 | 327.5 | ₹33.35 | 52.5% | — | — | — |
| 3.9 L | -55K | 2.3 L | 32.4% | ₹0.05 | 330 | ₹32.60 | 57.1% | 10K | +5K | 5K |
| — | — | — | 2.6% | ₹— | 332.5 | ₹— | —% | — | — | — |
| 2.9 L | 0 | — | 37.4% | ₹0.05 | 335 | ₹49.25 | 134.9% | — | — | — |
| — | — | — | 3.0% | ₹— | 337.5 | ₹— | —% | — | — | — |
| 4.3 L | 0 | — | 41.2% | ₹0.05 | 340 | ₹53.50 | 137.3% | — | — | — |
| — | — | — | 3.3% | ₹— | 342.5 | ₹— | —% | — | — | — |
| — | — | — | 3.5% | ₹— | 345 | ₹— | —% | — | — | — |
| — | — | — | 3.6% | ₹— | 347.5 | ₹— | —% | — | — | — |
| — | — | — | 3.8% | ₹— | 350 | ₹— | —% | — | — | — |
| — | — | — | 3.9% | ₹— | 352.5 | ₹— | —% | — | — | — |
| — | — | — | 4.1% | ₹— | 355 | ₹— | —% | — | — | — |
| — | — | — | 4.2% | ₹— | 357.5 | ₹— | —% | — | — | — |
| — | — | — | 4.4% | ₹— | 360 | ₹— | —% | — | — | — |
| — | — | — | 4.5% | ₹— | 362.5 | ₹— | —% | — | — | — |
| — | — | — | 4.7% | ₹— | 365 | ₹— | —% | — | — | — |
| — | — | — | 4.8% | ₹— | 367.5 | ₹— | —% | — | — | — |
| — | — | — | 5.0% | ₹— | 370 | ₹— | —% | — | — | — |
| — | — | — | 5.2% | ₹— | 372.5 | ₹— | —% | — | — | — |
| — | — | — | 5.3% | ₹— | 375 | ₹— | —% | — | — | — |
| — | — | — | 5.4% | ₹— | 377.5 | ₹— | —% | — | — | — |
| — | — | — | 5.6% | ₹— | 380 | ₹— | —% | — | — | — |
| — | — | — | 5.9% | ₹— | 385 | ₹— | —% | — | — | — |
| — | — | — | 6.2% | ₹— | 390 | ₹— | —% | — | — | — |
| — | — | — | 6.4% | ₹— | 395 | ₹— | —% | — | — | — |
| — | — | — | 6.7% | ₹— | 400 | ₹— | —% | — | — | — |
| — | — | — | 7.0% | ₹— | 405 | ₹— | —% | — | — | — |
| — | — | — | 7.3% | ₹— | 410 | ₹— | —% | — | — | — |
| — | — | — | 7.5% | ₹— | 415 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
Key Strike Levels
Immediate resistance at ₹145 call strike remains stiff with peak call OI, though out-of-the-money calls above ₹297.5 signal higher breakout intent. Strong put concentration at ₹145 also forms a structural support floor, suggesting traders anticipate limited downside. The implied range brackets ₹280–₹325, defined by key put and call OI clusters.
OI Buildup Activity
Fresh longs are building in ₹297.5 and ₹310 calls, indicating aggressive call writing higher up the chain with ₹325 seeing notable long call addition. On the put side, ₹295 sees the strongest OI accumulation (+4.75 lakh contracts), signaling strong demand for put protection near spot. Additional long puts at ₹280 and ₹300 suggest defensive positioning both below and slightly above current levels.
Volatility Read
ATM IV at 27.6% sits in a neutral range, with no pronounced skew — balanced risk pricing across calls and puts. The flat skew confirms traders aren’t pricing in directional panic, supporting range-bound volatility assumptions.
Strategy Implication
Bias leans mildly bullish with strong two-way hedging, favoring strategies that capitalize on OI concentration near ₹295–₹310 and resistance-testing above ₹297.5.