The Phoenix Mills Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 1,480 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 1,520 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 1,560 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 1,600 | ₹— | —% | — | +4K | 5K |
| 0 | 0 | — | —% | ₹— | 1,620 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 1,640 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 1,660 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 1,680 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 1,700 | ₹— | —% | — | +4K | 34K |
| 1K | 0 | — | —% | ₹— | 1,720 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 1,740 | ₹— | —% | — | +6K | 9K |
| 0 | 0 | — | —% | ₹— | 1,760 | ₹— | —% | — | -700 | 5K |
| 0 | 0 | — | —% | ₹— | 1,780 | ₹— | —% | — | -6K | 27K |
| 3K | 0 | — | —% | ₹— | 1,800 | ₹— | —% | — | +19K | 54K |
| 350 | 0 | — | —% | ₹— | 1,820 | ₹— | —% | — | 0 | 350 |
| 15K | 0 | — | —% | ₹— | 1,840 | ₹— | —% | — | +24K | 29K |
| 700 | 0 | — | —% | ₹— | 1,860 | ₹— | —% | — | +350 | 43K |
| 1K | 0 | — | —% | ₹— | 1,880 | ₹— | —% | — | 0 | 2K |
| 75K | +21K | — | —% | ₹— | 1,900ATM | ₹— | —% | — | +10K | 36K |
| 700 | 0 | — | —% | ₹— | 1,920 | ₹— | —% | — | 0 | 350 |
| 350 | 0 | — | —% | ₹— | 1,940 | ₹— | —% | — | 0 | 350 |
| 13K | 0 | — | —% | ₹— | 1,960 | ₹— | —% | — | +4K | 5K |
| 700 | 0 | — | —% | ₹— | 1,980 | ₹— | —% | — | 0 | 0 |
| 78K | +1K | — | —% | ₹— | 2,000 | ₹— | —% | — | 0 | 350 |
| 7K | 0 | — | —% | ₹— | 2,020 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 2,040 | ₹— | —% | — | 0 | 1K |
| 3K | +2K | — | —% | ₹— | 2,060 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 2,080 | ₹— | —% | — | 0 | 0 |
| 31K | -350 | — | —% | ₹— | 2,100 | ₹— | —% | — | 0 | 700 |
| 0 | 0 | — | —% | ₹— | 2,120 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 2,160 | ₹— | —% | — | 0 | 0 |
| 5K | +5K | — | —% | ₹— | 2,200 | ₹— | —% | — | 0 | 1K |
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 landscape clusters around the 1900, 2060 and 2200 call strikes, while the put side shows concentration at 1800, 1840 and 1900 and shows a secondary peak at 1840 on the put side, reinforcing the dual‑zone structure. This distribution maps an implied price corridor roughly between ₹1,800 and ₹2,200 for the November expiry with implied volatility suggesting moderate premium levels and a balanced risk‑reward profile. The current spot of ₹1,899.3 sits near the lower‑mid of that range, suggesting limited immediate directional bias and aligns with recent earnings momentum.
OI Buildup Activity
New call OI adds of 20,650 contracts at 1900, 4,900 at 2200 and 1,750 at 2060 indicate aggressive writing at those levels reflecting confidence in a near‑term consolidation phase. On the put side, fresh additions of 23,450 contracts at 1840, 18,550 at 1800 and 9,800 at 1900 reflect significant hedging interest around the support zone as traders hedge against potential downside moves. Overall the surge in open interest points to market participants establishing positions ahead of potential volatility around the strike cluster.
Volatility Read
The at‑the‑money implied volatility stands at 31.82%, a level consistent with the historic range for the underlying and aligns. The volatility skew is neutral, indicating comparable pricing for out‑of‑the‑money calls and puts.
Key OI Levels
The largest call open interest resides at the 1900 strike with 1,000 contracts, while the largest put open interest is also 1,000 contracts at the 1900 strike.