The Phoenix Mills Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 800 | ₹— | 17.5% | — | — | — |
| — | — | — | —% | ₹— | 840 | ₹— | 16.4% | — | — | — |
| — | — | — | —% | ₹— | 880 | ₹— | 15.4% | — | — | — |
| — | — | — | —% | ₹— | 920 | ₹— | 14.4% | — | — | — |
| — | — | — | —% | ₹— | 960 | ₹— | 13.5% | — | — | — |
| — | — | — | —% | ₹— | 1,000 | ₹— | 12.6% | — | — | — |
| — | — | — | —% | ₹— | 1,040 | ₹— | 11.7% | — | — | — |
| — | — | — | —% | ₹— | 1,060 | ₹— | 11.3% | — | — | — |
| — | — | — | —% | ₹— | 1,080 | ₹— | 10.9% | — | — | — |
| — | — | — | —% | ₹— | 1,100 | ₹— | 10.5% | — | — | — |
| — | — | — | —% | ₹— | 1,120 | ₹— | 10.1% | — | — | — |
| — | — | — | —% | ₹— | 1,140 | ₹— | 9.7% | — | — | — |
| — | — | — | —% | ₹— | 1,160 | ₹— | 9.3% | — | — | — |
| — | — | — | —% | ₹— | 1,180 | ₹— | 9.0% | — | — | — |
| — | — | — | —% | ₹549.60 | 1,200 | ₹0.55 | —% | 8K | +4K | 8K |
| — | — | — | —% | ₹— | 1,220 | ₹— | 8.2% | — | — | — |
| — | — | — | —% | ₹511.85 | 1,240 | ₹0.60 | —% | 17K | +13K | 15K |
| — | — | — | —% | ₹449.50 | 1,260 | ₹2.50 | —% | — | — | — |
| 2K | 0 | — | —% | ₹486.90 | 1,280 | ₹0.50 | —% | 23K | +15K | 15K |
| — | — | — | —% | ₹411.60 | 1,300 | ₹0.55 | —% | 29K | +13K | 25K |
| 700 | 0 | — | —% | ₹447.40 | 1,320 | ₹0.65 | —% | 12K | +11K | 11K |
| — | — | — | —% | ₹374.50 | 1,340 | ₹0.70 | —% | 7K | +4K | 5K |
| 350 | 0 | — | —% | ₹346.75 | 1,360 | ₹10.65 | —% | — | 0 | 1K |
| 350 | +350 | — | —% | ₹307.20 | 1,380 | ₹0.75 | —% | 350 | 0 | 9K |
| 1K | 0 | — | —% | ₹166.10 | 1,400 | ₹0.90 | —% | 4K | -1K | 64K |
| — | — | — | —% | ₹303.65 | 1,420 | ₹1.00 | 72.6% | — | 0 | 6K |
| 1K | 0 | — | —% | ₹329.15 | 1,440 | ₹1.00 | 79.1% | 3K | +350 | 10K |
| 1K | 0 | — | —% | ₹309.15 | 1,460 | ₹1.00 | 72.9% | 350 | 0 | 5K |
| 350 | 0 | — | 52.8% | ₹291.30 | 1,480 | ₹1.10 | 70.5% | 700 | 0 | 700 |
| 18K | 0 | — | 125.4% | ₹299.00 | 1,500 | ₹1.20 | 69.0% | 1.6 L | +4K | 1.5 L |
| 20K | 0 | — | —% | ₹200.00 | 1,520 | ₹1.50 | 63.2% | 350 | 0 | 5K |
| 14K | -700 | 1K | —% | ₹265.00 | 1,540 | ₹1.55 | 59.8% | 2K | -700 | 12K |
| 32K | 0 | — | —% | ₹203.65 | 1,560 | ₹0.75 | 53.0% | 700 | 0 | 30K |
| 26K | 0 | — | —% | ₹181.85 | 1,580 | ₹2.60 | 49.2% | — | 0 | 43K |
| 55K | 0 | — | 104.8% | ₹208.65 | 1,600 | ₹2.00 | 54.0% | 49K | -11K | 55K |
| 8K | 0 | — | —% | ₹114.30 | 1,620 | ₹4.00 | 44.6% | — | 0 | 12K |
| 35K | 0 | — | —% | ₹128.40 | 1,640 | ₹2.80 | 49.1% | 25K | 0 | 34K |
| 10K | 0 | — | 50.6% | ₹123.90 | 1,660 | ₹3.30 | 46.3% | 2K | +350 | 11K |
| 12K | 0 | 350 | 50.7% | ₹149.40 | 1,680 | ₹3.95 | 43.8% | 22K | +2K | 8K |
| 55K | -700 | 1K | 30.1% | ₹135.00 | 1,700 | ₹5.05 | 41.6% | 39K | -2K | 33K |
| 15K | 0 | — | 35.8% | ₹67.10 | 1,720 | ₹6.60 | 39.9% | 38K | +13K | 31K |
| 35K | -15K | 49K | 39.6% | ₹99.70 | 1,740 | ₹8.75 | 38.2% | 90K | +25K | 46K |
| 61K | -7K | 53K | 33.3% | ₹81.20 | 1,760 | ₹11.90 | 37.2% | 51K | +16K | 41K |
| 28K | +18K | 81K | 32.3% | ₹65.70 | 1,780 | ₹16.60 | 36.4% | 1.3 L | +22K | 31K |
| 85K | +18K | 11.5 L | 32.7% | ₹52.55 | 1,800 | ₹22.45 | 35.8% | 3.0 L | +71K | 93K |
| 1.8 L | +1.6 L | 18.8 L | 32.8% | ₹40.00 | 1,820ATM | ₹30.70 | 35.2% | 3.8 L | +1.1 L | 1.1 L |
| 91K | +84K | 4.5 L | 33.0% | ₹30.20 | 1,840 | ₹40.25 | 35.0% | 1.1 L | +35K | 37K |
| 47K | -350 | 3.9 L | 32.8% | ₹22.50 | 1,860 | ₹51.20 | 35.9% | 31K | +6K | 6K |
| 23K | +23K | 34K | 32.9% | ₹15.85 | 1,880 | ₹65.65 | 35.7% | 8K | +5K | 6K |
| 1.5 L | +43K | 7.4 L | 33.5% | ₹11.20 | 1,900 | ₹382.25 | 302.0% | — | 0 | 700 |
| 30K | +20K | 1.2 L | 33.6% | ₹7.80 | 1,920 | ₹237.85 | 145.0% | — | — | — |
| 11K | +11K | 14K | 34.5% | ₹5.45 | 1,940 | ₹261.20 | 154.8% | — | — | — |
| 8K | -1K | 30K | 35.5% | ₹4.05 | 1,960 | ₹266.50 | 145.5% | — | — | — |
| — | — | — | 2.5% | ₹— | 1,980 | ₹— | —% | — | — | — |
| 63K | +7K | 1.4 L | 38.1% | ₹2.30 | 2,000 | ₹478.15 | 330.8% | — | 0 | 350 |
| — | — | — | 2.9% | ₹— | 2,020 | ₹— | —% | — | — | — |
| 5K | +5K | 69K | 41.5% | ₹1.55 | 2,040 | ₹268.90 | 48.2% | — | +350 | 350 |
| — | — | — | 3.3% | ₹— | 2,060 | ₹— | —% | — | — | — |
| — | — | — | 3.5% | ₹— | 2,080 | ₹— | —% | — | — | — |
| — | — | — | 3.8% | ₹— | 2,100 | ₹— | —% | — | — | — |
| — | — | — | 4.0% | ₹— | 2,120 | ₹— | —% | — | — | — |
| — | — | — | 4.2% | ₹— | 2,140 | ₹— | —% | — | — | — |
| — | — | — | 4.4% | ₹— | 2,160 | ₹— | —% | — | — | — |
| — | — | — | 4.6% | ₹— | 2,180 | ₹— | —% | — | — | — |
| — | — | — | 4.8% | ₹— | 2,200 | ₹— | —% | — | — | — |
| — | — | — | 5.0% | ₹— | 2,220 | ₹— | —% | — | — | — |
| — | — | — | 5.2% | ₹— | 2,240 | ₹— | —% | — | — | — |
| — | — | — | 5.4% | ₹— | 2,260 | ₹— | —% | — | — | — |
| — | — | — | 5.6% | ₹— | 2,280 | ₹— | —% | — | — | — |
| — | — | — | 6.0% | ₹— | 2,320 | ₹— | —% | — | — | — |
| — | — | — | 6.3% | ₹— | 2,360 | ₹— | —% | — | — | — |
| — | — | — | 6.7% | ₹— | 2,400 | ₹— | —% | — | — | — |
| — | — | — | 7.1% | ₹— | 2,440 | ₹— | —% | — | — | — |
| — | — | — | 7.4% | ₹— | 2,480 | ₹— | —% | — | — | — |
| — | — | — | 7.8% | ₹— | 2,520 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
Key Strike Levels
Resistance holds firm at ₹1900, where peak CE open interest creates a psychological and technical barrier. Immediate support lies at ₹1820, backed by dense OI buildup in both puts and calls, suggesting a consolidation zone. The implied range narrows between ₹1800 and ₹1900, with high OI concentrations anchoring directional sentiment.
OI Buildup Activity
Fresh longs dominate at ₹1820 CE, with a surge of +1,59,600 OI, indicating aggressive call writing near spot—a sign of short-term bullish conviction. Simultaneously, ₹1820 PE adds +1,09,900 OI, pointing to hedging or speculative put longs, possibly from arbitrage or protective stances. Writers are actively building positions at ₹1840 and ₹1800, suggesting these strikes serve as key hedging or reversal triggers.
Volatility Read
ATM IV at 32.47% reflects elevated but stable premium levels, typical for ongoing accumulation phases. Neutral skew confirms absence of directional panic, with put and call demand balanced across critical strikes.
Strategy Implication
The structure favors range-bound strategies with a slight bias toward premium selling between ₹1820 and ₹1840, watching for OI unwinds at extremes.