United Spirits Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 1,280 | ₹— | —% | — | 0 | 0 |
| 5K | 0 | — | —% | ₹— | 1,320 | ₹— | —% | — | +400 | 400 |
| 1K | 0 | — | —% | ₹— | 1,340 | ₹— | —% | — | 0 | 0 |
| 3K | 0 | — | —% | ₹— | 1,360 | ₹— | —% | — | +1K | 63K |
| 6K | 0 | — | —% | ₹— | 1,380 | ₹— | —% | — | +5K | 44K |
| 34K | +8K | — | —% | ₹— | 1,400 | ₹— | —% | — | -3K | 94K |
| 3K | 0 | — | —% | ₹— | 1,420 | ₹— | —% | — | +2K | 65K |
| 12K | +6K | — | —% | ₹— | 1,440 | ₹— | —% | — | +22K | 1.2 L |
| 40K | +8K | — | —% | ₹— | 1,460 | ₹— | —% | — | +6K | 1.0 L |
| 58K | +17K | — | —% | ₹— | 1,480 | ₹— | —% | — | -800 | 72K |
| 1.4 L | +11K | — | —% | ₹— | 1,500 | ₹— | —% | — | +4K | 1.2 L |
| 2.2 L | +2K | — | —% | ₹— | 1,520 | ₹— | —% | — | 0 | 74K |
| 5.2 L | +4K | — | —% | ₹— | 1,540ATM | ₹— | —% | — | 0 | 1.5 L |
| 1.9 L | +32K | — | —% | ₹— | 1,560 | ₹— | —% | — | -3K | 79K |
| 1.1 L | +29K | — | —% | ₹— | 1,580 | ₹— | —% | — | -9K | 1.3 L |
| 5.2 L | +41K | — | —% | ₹— | 1,600 | ₹— | —% | — | -400 | 66K |
| 50K | -800 | — | —% | ₹— | 1,620 | ₹— | —% | — | 0 | 400 |
| 48K | 0 | — | —% | ₹— | 1,640 | ₹— | —% | — | 0 | 1K |
| 31K | 0 | — | —% | ₹— | 1,660 | ₹— | —% | — | 0 | 8K |
| 1.1 L | 0 | — | —% | ₹— | 1,680 | ₹— | —% | — | 0 | 2.0 L |
| 96K | 0 | — | —% | ₹— | 1,720 | ₹— | —% | — | 0 | 2K |
| — | — | — | —% | ₹— | 1,760 | ₹— | —% | — | 0 | 400 |
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) profile clusters tightly around the ₹1,560, ₹1,580, and ₹1,600 calls and the ₹1,380, ₹1,440, and ₹1,460 puts. The highest call OI sits at ₹1,600, marking a strong resistance zone, while the highest put OI at ₹1,440 defines a solid support band. Together, these concentrations frame an implied trading range of roughly ₹1,380‑₹1,600 for the underlying over the remaining week to expiry on September 29.
OI Buildup Activity
Fresh building of call OI is evident at the ₹1,560 strike (+40,400 contracts), ₹1,580 (+29,200), and ₹1,600 (+22,400), indicating active positioning by option writers near the upper edge of the range. On the put side, new OI accumulates at the ₹1,440 strike (+22,400), ₹1,460 (+6,000), and ₹1,380 (+4,800), reflecting a similar build‑up of downside protection. The symmetric addition of OI on both sides suggests market participants are cementing hedges rather than initiating directional bets.
Volatility Read
The at‑the‑money (ATM) implied volatility stands at 17.08 %, modest for the sector and consistent with a narrowing price outlook. The volatility skew is bearish, with out‑of‑the‑money calls priced higher than equivalent puts, pointing to a slight tilt toward upside risk premiums.
Key OI Levels
The strike with the largest call OI is ₹1,600, and the strike with the largest put OI is ₹1,440.