United Spirits Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 1,040 | ₹— | —% | — | +1.2 L | 1.2 L |
| 0 | 0 | — | —% | ₹— | 1,080 | ₹— | —% | — | +1.5 L | 1.5 L |
| 0 | 0 | — | —% | ₹— | 1,100 | ₹— | —% | — | +70K | 96K |
| 0 | 0 | — | —% | ₹— | 1,120 | ₹— | —% | — | +22K | 35K |
| 0 | 0 | — | —% | ₹— | 1,140 | ₹— | —% | — | +15K | 44K |
| 0 | 0 | — | —% | ₹— | 1,160 | ₹— | —% | — | +29K | 51K |
| 1K | 0 | — | —% | ₹— | 1,180 | ₹— | —% | — | +48K | 84K |
| 51K | +48K | — | —% | ₹— | 1,200 | ₹— | —% | — | +20K | 2.6 L |
| 76K | +66K | — | —% | ₹— | 1,220 | ₹— | —% | — | +1.2 L | 1.3 L |
| 2.0 L | +1.4 L | — | —% | ₹— | 1,240 | ₹— | —% | — | +1.3 L | 2.4 L |
| 2.1 L | +1.4 L | — | —% | ₹— | 1,260 | ₹— | —% | — | +1.5 L | 2.3 L |
| 2.4 L | +2.0 L | — | —% | ₹— | 1,280 | ₹— | —% | — | +2.0 L | 2.3 L |
| 3.6 L | +2.0 L | — | —% | ₹— | 1,300ATM | ₹— | —% | — | +24K | 1.7 L |
| 57K | +42K | — | —% | ₹— | 1,320 | ₹— | —% | — | +800 | 10K |
| 69K | +39K | — | —% | ₹— | 1,340 | ₹— | —% | — | 0 | 9K |
| 1.9 L | +1.2 L | — | —% | ₹— | 1,360 | ₹— | —% | — | 0 | 10K |
| 64K | +41K | — | —% | ₹— | 1,380 | ₹— | —% | — | -16K | 33K |
| 2.9 L | +88K | — | —% | ₹— | 1,400 | ₹— | —% | — | +4K | 84K |
| 39K | +29K | — | —% | ₹— | 1,420 | ₹— | —% | — | 0 | 3K |
| 62K | +22K | — | —% | ₹— | 1,440 | ₹— | —% | — | 0 | 400 |
| 79K | +55K | — | —% | ₹— | 1,460 | ₹— | —% | — | 0 | 8K |
| 16K | +5K | — | —% | ₹— | 1,480 | ₹— | —% | — | +1K | 4K |
| 40K | +11K | — | —% | ₹— | 1,500 | ₹— | —% | — | +1K | 32K |
| 9K | +7K | — | —% | ₹— | 1,520 | ₹— | —% | — | 0 | 8K |
| 0 | 0 | — | —% | ₹— | 1,560 | ₹— | —% | — | 0 | 4K |
| 2.1 L | +8K | — | —% | ₹— | 1,600 | ₹— | —% | — | 0 | 3.0 L |
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 option chain shows a tight concentration of open interest around the 1260–1280 range for both calls and puts, indicating market focus on that band. Call open interest peaks at 1260, 1280 and 1300, while put open interest clusters at 1080, 1260 and 1280, creating a mirrored distribution. This clustering suggests an implied price corridor roughly between ₹1260 and ₹1280 for the November expiry, providing a clear reference zone for price expectations.
OI Buildup Activity
Fresh open interest adds of 2,00,400 contracts at the 1300 call indicate aggressive positioning by writers at that strike, reflecting new bullish bias. The 1280 call accumulates an additional 1,94,800 contracts, reinforcing the resistance zone and confirming sustained interest at that level during the last trading session. On the put side, 1,95,200 contracts add to the 1280 strike and 1,48,000 contracts to the 1260 strike, highlighting defensive hedging near support and suggesting that sellers are locking in downside protection for the upcoming week.
Volatility Read
The at‑the‑money implied volatility stands at 32.72%, reflecting moderate market uncertainty and pricing of near‑term risk. The volatility skew remains neutral, indicating balanced demand for out‑of‑the‑money calls and puts and implying no pronounced directional bias among participants across major market participants.
Key OI Levels
The highest call open interest resides at the 1260 strike and the highest put open interest at the 1280 strike, together forming the dominant OI pillars that dominate the chain across multiple expiry cycles.