Torrent Pharmaceuticals Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 2K | 0 | — | —% | ₹— | 4,100 | ₹— | —% | — | — | — |
| 0 | 0 | — | —% | ₹— | 4,200 | ₹— | —% | — | 0 | 500 |
| 250 | 0 | — | —% | ₹— | 4,300 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 4,400 | ₹— | —% | — | 0 | 13K |
| 125 | 0 | — | —% | ₹— | 4,450 | ₹— | —% | — | 0 | 625 |
| 2K | -125 | — | —% | ₹— | 4,500 | ₹— | —% | — | +68K | 75K |
| 500 | 0 | — | —% | ₹— | 4,550 | ₹— | —% | — | +2K | 5K |
| 750 | 0 | — | —% | ₹— | 4,600 | ₹— | —% | — | +5K | 11K |
| 500 | 0 | — | —% | ₹— | 4,650 | ₹— | —% | — | 0 | 14K |
| 750 | 0 | — | —% | ₹— | 4,700 | ₹— | —% | — | -3K | 27K |
| 750 | 0 | — | —% | ₹— | 4,750 | ₹— | —% | — | +3K | 7K |
| 11K | +3K | — | —% | ₹— | 4,800 | ₹— | —% | — | +7K | 30K |
| 11K | +6K | — | —% | ₹— | 4,850 | ₹— | —% | — | +2K | 37K |
| 100K | +13K | — | —% | ₹— | 4,900 | ₹— | —% | — | -3K | 93K |
| 31K | +375 | — | —% | ₹— | 4,950 | ₹— | —% | — | +500 | 42K |
| 1.7 L | +32K | — | —% | ₹— | 5,000ATM | ₹— | —% | — | +875 | 58K |
| 16K | +1K | — | —% | ₹— | 5,050 | ₹— | —% | — | 0 | 5K |
| 66K | +5K | — | —% | ₹— | 5,100 | ₹— | —% | — | +125 | 8K |
| 31K | +18K | — | —% | ₹— | 5,150 | ₹— | —% | — | 0 | 500 |
| 58K | +14K | — | —% | ₹— | 5,200 | ₹— | —% | — | 0 | 1K |
| 625 | 0 | — | —% | ₹— | 5,250 | ₹— | —% | — | 0 | 375 |
| 28K | +5K | — | —% | ₹— | 5,300 | ₹— | —% | — | 0 | 125 |
| 875 | +125 | — | —% | ₹— | 5,350 | ₹— | —% | — | 0 | 0 |
| 93K | +72K | — | —% | ₹— | 5,400 | ₹— | —% | — | 0 | 625 |
| 14K | +6K | — | —% | ₹— | 5,450 | ₹— | —% | — | 0 | 250 |
| 31K | -1K | — | —% | ₹— | 5,500 | ₹— | —% | — | 0 | 125 |
| 625 | 0 | — | —% | ₹— | 5,550 | ₹— | —% | — | — | — |
| 2K | 0 | — | —% | ₹— | 5,600 | ₹— | —% | — | 0 | 875 |
| 3K | 0 | — | —% | ₹— | 5,650 | ₹— | —% | — | — | — |
| 6K | +1K | — | —% | ₹— | 5,700 | ₹— | —% | — | 0 | 0 |
| — | — | — | —% | ₹— | 5,750 | ₹— | —% | — | 0 | 375 |
| 12K | +125 | — | —% | ₹— | 5,800 | ₹— | —% | — | 0 | 125 |
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) map shows a tight concentration around the ₹4,800–₹5,200 band, suggesting market participants view this interval as the primary price corridor for the September expiry. The highest call OI sits at the ₹2,800 strike, while the largest put OI also clusters at ₹2,800, forming a bilateral resistance‑support pair that frames the underlying’s near‑term range. Consequently, the implied price range implied by the bulk of OI spans roughly ₹4,800 to ₹5,200, with the ₹4,800 put and ₹5,200 call acting as the pivotal hedging points.
OI Buildup Activity
During the latest session, fresh call OI accumulates sharply at the ₹5,400 strike (+71,875 contracts), followed by a notable addition at ₹5,000 (+32,125) and a modest rise at ₹5,150 (+17,625), indicating aggressive positioning by bullish writers near the upper end of the range. On the put side, the market adds substantial OI at the ₹4,500 strike (+68,375 contracts), with smaller but still significant inflows at ₹4,800 (+7,000) and ₹4,600 (+5,125), reflecting defensive positioning by downside‑biased participants. The pattern of new OI suggests that market makers are expanding their exposure at both the upper and lower bounds of the implied corridor, while the core ₹4,800–₹5,200 zone remains relatively stable.
Volatility Read
The at‑the‑money implied volatility (IV) stands at 18.55%, positioning the option series in a moderate‑volatility regime for the September expiry. The volatility skew is bearish, with out‑of‑the‑money calls priced higher than equivalent puts, implying a slight market bias toward downside risk.
Key OI Levels
The strikes with the highest open interest are ₹2,800 for calls and ₹2,800 for puts.