Torrent Pharmaceuticals Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 3,800 | ₹— | —% | — | 0 | 125 |
| 0 | 0 | — | —% | ₹— | 3,900 | ₹— | —% | — | +1K | 2K |
| 1K | 0 | — | —% | ₹— | 4,000 | ₹— | —% | — | +500 | 4K |
| 0 | 0 | — | —% | ₹— | 4,050 | ₹— | —% | — | 0 | 875 |
| 0 | 0 | — | —% | ₹— | 4,100 | ₹— | —% | — | +375 | 6K |
| 0 | 0 | — | —% | ₹— | 4,150 | ₹— | —% | — | -3K | 2K |
| 0 | 0 | — | —% | ₹— | 4,200 | ₹— | —% | — | +500 | 11K |
| 250 | 0 | — | —% | ₹— | 4,250 | ₹— | —% | — | +2K | 8K |
| 0 | 0 | — | —% | ₹— | 4,300 | ₹— | —% | — | -125 | 18K |
| 0 | 0 | — | —% | ₹— | 4,350 | ₹— | —% | — | +125 | 12K |
| 8K | +750 | — | —% | ₹— | 4,400 | ₹— | —% | — | +8K | 65K |
| 500 | 0 | — | —% | ₹— | 4,450 | ₹— | —% | — | +1K | 3K |
| 12K | +2K | — | —% | ₹— | 4,500 | ₹— | —% | — | +3K | 26K |
| 7K | +750 | — | —% | ₹— | 4,550 | ₹— | —% | — | +2K | 10K |
| 49K | +2K | — | —% | ₹— | 4,600ATM | ₹— | —% | — | +8K | 33K |
| 14K | +3K | — | —% | ₹— | 4,650 | ₹— | —% | — | +750 | 6K |
| 57K | +2K | — | —% | ₹— | 4,700 | ₹— | —% | — | +625 | 18K |
| 4K | 0 | — | —% | ₹— | 4,750 | ₹— | —% | — | 0 | 1K |
| 26K | +6K | — | —% | ₹— | 4,800 | ₹— | —% | — | 0 | 4K |
| 5K | +2K | — | —% | ₹— | 4,850 | ₹— | —% | — | 0 | 250 |
| 9K | +4K | — | —% | ₹— | 4,900 | ₹— | —% | — | 0 | 1K |
| 5K | -2K | — | —% | ₹— | 4,950 | ₹— | —% | — | 0 | 0 |
| 15K | +4K | — | —% | ₹— | 5,000 | ₹— | —% | — | 0 | 625 |
| 6K | -500 | — | —% | ₹— | 5,050 | ₹— | —% | — | 0 | 0 |
| 4K | +375 | — | —% | ₹— | 5,100 | ₹— | —% | — | 0 | 0 |
| 125 | 0 | — | —% | ₹— | 5,150 | ₹— | —% | — | 0 | 125 |
| 1K | 0 | — | —% | ₹— | 5,200 | ₹— | —% | — | 0 | 0 |
| 2K | 0 | — | —% | ₹— | 5,250 | ₹— | —% | — | 0 | 0 |
| 2K | 0 | — | —% | ₹— | 5,300 | ₹— | —% | — | 0 | 1K |
| 0 | 0 | — | —% | ₹— | 5,400 | ₹— | —% | — | 0 | 0 |
| 1K | -500 | — | —% | ₹— | 5,500 | ₹— | —% | — | 0 | 0 |
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) picture clusters tightly around the 4,500–5,000 ₹ band, indicating market participants view this corridor as the most probable trading range to expiry on 23 Nov 2026. The 4,600 ₹ and 4,900 ₹ strikes each host roughly 8 k contracts on the put side and 4.8 k contracts on the call side, respectively, reinforcing those levels as pivotal support and resistance zones. With the underlying spot at 4,557 ₹, the implied range derived from the highest OI strikes spans from the 4,400 ₹ put cluster up to the 5,000 ₹ call cluster, suggesting a modestly bounded outlook.
OI Buildup Activity
During the latest reporting window, fresh OI adds are evident at the 4,600 ₹ ( +8,250 ) and 4,800 ₹ ( +6,000 ) put strikes, pointing to new bearish positioning or hedging near the current price. On the call side, significant inflows appear at the 5,000 ₹ ( +3,875 ) and 4,900 ₹ ( +3,625 ) strikes, indicating writers are establishing additional premium collection positions at higher strikes. The symmetric magnitude of additions on both sides reflects a balanced stance, with market makers likely adjusting delta exposure as expiry approaches.
Volatility Read
At‑the‑money implied volatility stands at 21.02 %, a level that aligns with the sector’s typical range and suggests moderate price uncertainty. The volatility skew is neutral, indicating comparable demand for out‑of‑the‑money calls and puts.
Key OI Levels
The largest call OI sits at the 5,000 ₹ strike (2,400 contracts), while the largest put OI concentrates at the 4,400 ₹ strike (2,400 contracts).