UltraTech Cement Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 8,800 | ₹— | —% | — | -650 | 800 |
| 0 | 0 | — | —% | ₹— | 9,000 | ₹— | —% | — | +2K | 3K |
| 0 | 0 | — | —% | ₹— | 9,200 | ₹— | —% | — | 0 | 0 |
| 450 | 0 | — | —% | ₹— | 9,300 | ₹— | —% | — | 0 | 0 |
| 150 | 0 | — | —% | ₹— | 9,400 | ₹— | —% | — | 0 | 700 |
| 450 | 0 | — | —% | ₹— | 9,500 | ₹— | —% | — | +50 | 1K |
| 0 | 0 | — | —% | ₹— | 9,600 | ₹— | —% | — | +50 | 3K |
| 0 | 0 | — | —% | ₹— | 9,700 | ₹— | —% | — | +50 | 3K |
| 0 | 0 | — | —% | ₹— | 9,800 | ₹— | —% | — | 0 | 2K |
| 0 | 0 | — | —% | ₹— | 9,900 | ₹— | —% | — | 0 | 2K |
| 0 | 0 | — | —% | ₹— | 10,000 | ₹— | —% | — | +12K | 51K |
| 50 | 0 | — | —% | ₹— | 10,100 | ₹— | —% | — | 0 | 900 |
| 50 | 0 | — | —% | ₹— | 10,200 | ₹— | —% | — | +2K | 7K |
| 0 | 0 | — | —% | ₹— | 10,300 | ₹— | —% | — | +5K | 8K |
| 0 | 0 | — | —% | ₹— | 10,400 | ₹— | —% | — | -900 | 9K |
| 1K | 0 | — | —% | ₹— | 10,500 | ₹— | —% | — | +9K | 26K |
| 250 | 0 | — | —% | ₹— | 10,600 | ₹— | —% | — | -2K | 6K |
| 4K | 0 | — | —% | ₹— | 10,700 | ₹— | —% | — | +50 | 7K |
| 12K | -150 | — | —% | ₹— | 10,800 | ₹— | —% | — | -100 | 10K |
| 9K | -150 | — | —% | ₹— | 10,900 | ₹— | —% | — | +1K | 7K |
| 70K | +700 | — | —% | ₹— | 11,000ATM | ₹— | —% | — | +3K | 28K |
| 20K | +5K | — | —% | ₹— | 11,100 | ₹— | —% | — | +6K | 16K |
| 24K | +4K | — | —% | ₹— | 11,200 | ₹— | —% | — | +2K | 10K |
| 13K | +600 | — | —% | ₹— | 11,300 | ₹— | —% | — | +1K | 3K |
| 5K | -300 | — | —% | ₹— | 11,400 | ₹— | —% | — | 0 | 4K |
| 53K | +13K | — | —% | ₹— | 11,500 | ₹— | —% | — | +300 | 7K |
| 9K | +350 | — | —% | ₹— | 11,600 | ₹— | —% | — | 0 | 2K |
| 7K | -2K | — | —% | ₹— | 11,700 | ₹— | —% | — | 0 | 1K |
| 12K | +2K | — | —% | ₹— | 11,800 | ₹— | —% | — | 0 | 250 |
| 5K | +850 | — | —% | ₹— | 11,900 | ₹— | —% | — | 0 | 0 |
| 49K | -800 | — | —% | ₹— | 12,000 | ₹— | —% | — | 0 | 11K |
| 6K | +6K | — | —% | ₹— | 12,100 | ₹— | —% | — | 0 | 0 |
| 14K | +6K | — | —% | ₹— | 12,200 | ₹— | —% | — | 0 | 400 |
| 0 | 0 | — | —% | ₹— | 12,300 | ₹— | —% | — | 0 | 0 |
| 33K | +28K | — | —% | ₹— | 12,400 | ₹— | —% | — | 0 | 0 |
| 10K | +2K | — | —% | ₹— | 12,600 | ₹— | —% | — | +50 | 5K |
| 50 | 0 | — | —% | ₹— | 12,800 | ₹— | —% | — | 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 ₹11,100 and ₹10,000 levels, suggesting a market‑defined support‑resistance band of roughly ₹10,000–₹11,100. The highest put OI of 10,000 contracts sits at ₹10,000, reinforcing that strike as a strong support zone, while the equal‑sized call OI at the same strike marks a potential upper ceiling. The implied price corridor, derived from the concentration of OI, aligns closely with the spot price of ₹11,104, indicating that most participants anticipate limited movement beyond the ₹10,000‑₹11,100 range through the November expiry.
OI Buildup Activity
Fresh call OI adds are notable at ₹12,400 (+28,350 contracts), ₹11,500 (+13,050) and ₹12,100 (+5,650), reflecting aggressive writing of out‑of‑the‑money calls that could cap upside beyond ₹12,000. On the put side, new OI accumulations appear at ₹10,000 (+11,700), ₹10,500 (+9,000) and ₹11,100 (+5,450), indicating that writers are reinforcing downside protection near current support levels. The pattern of additions shows a balanced approach: sellers are hedging potential rallies with higher‑strike calls while simultaneously bolstering protection against declines with near‑the‑money puts.
Volatility Read
The at‑the‑money implied volatility stands at 21.61%, a moderate level for the sector. The skew is bearish, implying that out‑of‑the‑money puts are priced higher relative to calls, which may signal market concern over downside risk.
Key OI Levels
The strikes with the largest OI concentrations are ₹11,100 for calls (10,000 contracts) and ₹10,000 for puts (10,000 contracts).