United Spirits Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 620 | ₹— | 16.5% | — | — | — |
| — | — | — | —% | ₹— | 640 | ₹— | 15.8% | — | — | — |
| — | — | — | —% | ₹— | 660 | ₹— | 15.1% | — | — | — |
| — | — | — | —% | ₹— | 680 | ₹— | 14.5% | — | — | — |
| — | — | — | —% | ₹— | 700 | ₹— | 13.8% | — | — | — |
| — | — | — | —% | ₹— | 720 | ₹— | 13.2% | — | — | — |
| — | — | — | —% | ₹— | 740 | ₹— | 12.6% | — | — | — |
| — | — | — | —% | ₹— | 760 | ₹— | 12.0% | — | — | — |
| — | — | — | —% | ₹— | 780 | ₹— | 11.4% | — | — | — |
| — | — | — | —% | ₹— | 800 | ₹— | 10.9% | — | — | — |
| — | — | — | —% | ₹— | 820 | ₹— | 10.3% | — | — | — |
| — | — | — | —% | ₹— | 840 | ₹— | 9.8% | — | — | — |
| — | — | — | —% | ₹— | 860 | ₹— | 9.3% | — | — | — |
| — | — | — | —% | ₹— | 870 | ₹— | 9.0% | — | — | — |
| — | — | — | —% | ₹— | 880 | ₹— | 8.8% | — | — | — |
| — | — | — | —% | ₹— | 890 | ₹— | 8.5% | — | — | — |
| — | — | — | —% | ₹— | 900 | ₹— | 8.3% | — | — | — |
| — | — | — | —% | ₹— | 910 | ₹— | 8.0% | — | — | — |
| — | — | — | —% | ₹— | 920 | ₹— | 7.8% | — | — | — |
| — | — | — | —% | ₹— | 930 | ₹— | 7.6% | — | — | — |
| — | — | — | —% | ₹— | 940 | ₹— | 7.3% | — | — | — |
| — | — | — | —% | ₹— | 950 | ₹— | 7.1% | — | — | — |
| — | — | — | —% | ₹— | 960 | ₹— | 6.9% | — | — | — |
| — | — | — | —% | ₹— | 970 | ₹— | 6.6% | — | — | — |
| — | — | — | —% | ₹— | 980 | ₹— | 6.4% | — | — | — |
| — | — | — | —% | ₹— | 990 | ₹— | 6.2% | — | — | — |
| — | — | — | —% | ₹— | 1,000 | ₹— | 6.0% | — | — | — |
| — | — | — | —% | ₹— | 1,010 | ₹— | 5.7% | — | — | — |
| — | — | — | —% | ₹308.45 | 1,020 | ₹0.40 | 84.5% | 800 | 0 | 11K |
| — | — | — | —% | ₹— | 1,030 | ₹— | 5.3% | — | — | — |
| — | — | — | —% | ₹289.35 | 1,040 | ₹0.20 | 63.9% | — | 0 | 4K |
| — | — | — | —% | ₹— | 1,050 | ₹— | 4.9% | — | — | — |
| 400 | +400 | — | —% | ₹191.00 | 1,060 | ₹0.25 | 60.7% | — | 0 | 20K |
| — | — | — | —% | ₹— | 1,070 | ₹— | 4.5% | — | — | — |
| — | — | — | 142.0% | ₹252.00 | 1,080 | ₹0.40 | 59.3% | — | 0 | 6K |
| — | — | — | —% | ₹— | 1,090 | ₹— | 4.1% | — | — | — |
| 4K | 0 | — | —% | ₹177.00 | 1,100 | ₹0.30 | 54.4% | — | 0 | 30K |
| — | — | — | —% | ₹324.65 | 1,110 | ₹0.45 | 52.7% | — | — | — |
| — | — | — | 131.9% | ₹216.00 | 1,120 | ₹0.30 | 51.6% | 15K | -7K | 34K |
| — | — | — | 293.3% | ₹305.15 | 1,130 | ₹1.05 | 54.4% | — | 0 | 16K |
| 2K | 0 | — | —% | ₹152.00 | 1,140 | ₹0.35 | 47.7% | 5K | -1K | 11K |
| 3K | 0 | — | —% | ₹143.00 | 1,150 | ₹0.40 | 48.2% | 5K | -5K | 41K |
| — | — | — | 123.9% | ₹182.00 | 1,160 | ₹0.50 | 44.8% | 800 | -400 | 16K |
| 3K | 0 | — | 52.5% | ₹142.80 | 1,170 | ₹0.85 | 41.9% | — | 0 | 13K |
| — | — | — | 120.6% | ₹165.90 | 1,180 | ₹0.60 | 49.3% | 1K | 0 | 21K |
| — | — | — | 255.5% | ₹247.65 | 1,190 | ₹0.65 | 40.9% | 7K | -2K | 16K |
| 53K | -1K | 2K | —% | ₹154.75 | 1,200 | ₹0.75 | 45.7% | 1.3 L | +800 | 1.6 L |
| 7K | 0 | — | —% | ₹86.35 | 1,210 | ₹0.85 | 44.4% | 67K | -34K | 38K |
| 58K | -400 | 3K | —% | ₹134.55 | 1,220 | ₹1.00 | 42.5% | 2.7 L | -1.0 L | 1.1 L |
| 94K | -10K | 34K | —% | ₹131.00 | 1,230 | ₹1.20 | 41.2% | 84K | -13K | 1.2 L |
| 1.2 L | -2K | 11K | —% | ₹121.50 | 1,240 | ₹1.30 | 39.6% | 57K | -19K | 1.3 L |
| 1.8 L | -43K | 75K | —% | ₹111.00 | 1,250 | ₹1.60 | 38.0% | 1.3 L | -19K | 2.2 L |
| 1.5 L | -13K | 30K | —% | ₹101.95 | 1,260 | ₹1.80 | 36.3% | 2.5 L | +45K | 2.1 L |
| 96K | -3K | 13K | —% | ₹89.95 | 1,270 | ₹2.20 | 35.3% | 4.3 L | -84K | 1.9 L |
| 96K | -40K | 1.2 L | —% | ₹82.35 | 1,280 | ₹2.65 | 33.5% | 2.7 L | +9K | 1.3 L |
| 76K | -2K | 23K | —% | ₹72.00 | 1,290 | ₹3.30 | 32.3% | 2.9 L | +92K | 1.6 L |
| 1.7 L | -3.0 L | 7.2 L | —% | ₹64.15 | 1,300 | ₹4.35 | 31.6% | 8.8 L | -1.2 L | 3.3 L |
| 84K | -25K | 1.6 L | 17.8% | ₹55.55 | 1,310 | ₹5.70 | 31.0% | 1.6 L | -11K | 62K |
| 1.4 L | -100K | 7.2 L | 23.8% | ₹46.80 | 1,320 | ₹8.00 | 30.9% | 5.5 L | +16K | 1.3 L |
| 2.1 L | -5K | 5.5 L | 23.8% | ₹38.90 | 1,330 | ₹10.65 | 30.9% | 2.6 L | +54K | 82K |
| 2.0 L | +79K | 10.0 L | 25.4% | ₹33.25 | 1,340 | ₹13.90 | 30.9% | 1.7 L | +33K | 55K |
| 3.5 L | -26K | 14.6 L | 25.8% | ₹27.25 | 1,350 | ₹17.35 | 30.8% | 5.3 L | +2.1 L | 2.4 L |
| 2.2 L | +26K | 11.9 L | 26.2% | ₹21.85 | 1,360 | ₹22.25 | 31.2% | 100K | +26K | 44K |
| 81K | +15K | 4.8 L | 26.6% | ₹17.45 | 1,370 | ₹27.80 | 32.5% | 400 | 0 | 400 |
| 80K | +47K | 7.6 L | 27.1% | ₹13.70 | 1,380 | ₹73.95 | 33.2% | — | 0 | 2K |
| 56K | +26K | 2.9 L | 27.7% | ₹10.65 | 1,390 | ₹40.80 | —% | — | — | — |
| 5.5 L | +52K | 13.5 L | 28.1% | ₹8.30 | 1,400ATM | ₹48.90 | 34.4% | 1.5 L | -67K | 2.0 L |
| 1.6 L | +1.4 L | 2.8 L | 28.7% | ₹6.35 | 1,410 | ₹49.25 | —% | — | — | — |
| 83K | +30K | 2.2 L | 29.0% | ₹4.85 | 1,420 | ₹72.05 | 37.4% | 9K | +2K | 2K |
| 44K | -800 | 64K | 29.9% | ₹3.80 | 1,430 | ₹58.65 | —% | — | — | — |
| 38K | +27K | 1.0 L | 30.5% | ₹3.05 | 1,440 | ₹86.95 | 35.6% | 3K | -1K | 1K |
| 36K | -8K | 1.0 L | 31.2% | ₹2.25 | 1,450 | ₹184.00 | 126.1% | — | 0 | 400 |
| 11K | +8K | 15K | 32.1% | ₹1.90 | 1,460 | ₹164.10 | 80.2% | — | 0 | 800 |
| 18K | +8K | 34K | 33.1% | ₹1.50 | 1,470 | ₹80.50 | —% | — | — | — |
| 800 | 0 | — | 59.1% | ₹4.00 | 1,480 | ₹155.40 | 56.3% | 1K | +400 | 2K |
| — | — | — | 135.7% | ₹41.35 | 1,490 | ₹92.80 | —% | — | — | — |
| 4.5 L | -1.1 L | 4.9 L | 37.2% | ₹1.00 | 1,500 | ₹143.00 | 52.5% | 81K | -65K | 38K |
| — | — | — | 131.9% | ₹34.80 | 1,510 | ₹106.05 | —% | — | — | — |
| 16K | 0 | 400 | 40.2% | ₹0.55 | 1,520 | ₹195.45 | 66.7% | 2K | +1K | 11K |
| — | — | — | 128.6% | ₹29.10 | 1,530 | ₹120.10 | —% | — | — | — |
| — | — | — | 100.0% | ₹13.25 | 1,540 | ₹197.15 | —% | — | +800 | 800 |
| — | — | — | 125.7% | ₹24.25 | 1,550 | ₹135.00 | —% | — | — | — |
| — | — | — | 99.7% | ₹11.00 | 1,560 | ₹235.60 | —% | — | — | — |
| — | — | — | 122.8% | ₹19.95 | 1,570 | ₹150.50 | —% | — | — | — |
| — | — | — | 99.4% | ₹9.05 | 1,580 | ₹253.35 | —% | — | — | — |
| — | — | — | 120.3% | ₹16.35 | 1,590 | ₹166.70 | —% | — | — | — |
| 6K | 0 | — | 50.9% | ₹0.10 | 1,600 | ₹360.00 | —% | — | 0 | 6K |
| — | — | — | 4.5% | ₹— | 1,610 | ₹— | —% | — | — | — |
| — | — | — | 98.9% | ₹6.10 | 1,620 | ₹289.80 | —% | — | — | — |
| — | — | — | 4.8% | ₹— | 1,630 | ₹— | —% | — | — | — |
| — | — | — | 98.8% | ₹5.00 | 1,640 | ₹308.35 | —% | — | — | — |
| — | — | — | 5.1% | ₹— | 1,650 | ₹— | —% | — | — | — |
| — | — | — | 5.2% | ₹— | 1,660 | ₹— | —% | — | — | — |
| — | — | — | 5.3% | ₹— | 1,670 | ₹— | —% | — | — | — |
| — | — | — | 5.5% | ₹— | 1,680 | ₹— | —% | — | — | — |
| — | — | — | 5.7% | ₹— | 1,700 | ₹— | —% | — | — | — |
| — | — | — | 6.0% | ₹— | 1,720 | ₹— | —% | — | — | — |
| — | — | — | 6.3% | ₹— | 1,740 | ₹— | —% | — | — | — |
| — | — | — | 6.5% | ₹— | 1,760 | ₹— | —% | — | — | — |
| — | — | — | 6.8% | ₹— | 1,780 | ₹— | —% | — | — | — |
| — | — | — | 7.0% | ₹— | 1,800 | ₹— | —% | — | — | — |
| — | — | — | 7.2% | ₹— | 1,820 | ₹— | —% | — | — | — |
| — | — | — | 7.5% | ₹— | 1,840 | ₹— | —% | — | — | — |
| — | — | — | 7.7% | ₹— | 1,860 | ₹— | —% | — | — | — |
| — | — | — | 8.0% | ₹— | 1,880 | ₹— | —% | — | — | — |
| — | — | — | 8.2% | ₹— | 1,900 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
Key Strike Levels
Immediate resistance aligns at ₹1500, where fresh shorting activity dominates, while ₹1000 acts as a strong psychological floor backed by concentrated put OI. Crucial support clusters between ₹1270–₹1300, where combined PE OI buildup signals strong defensive positioning. The implied range trades between ₹1270 and ₹1500, with the spot near the upper end at ₹1359.1, hovering below key call resistance.
OI Buildup Activity
Writers add substantial fresh short positions at ₹1500 CE, signaling conviction in capping upside beyond ₹1500, while longs accumulate at ₹1330 and ₹1300 CE for directional bets. On the put side, robust OI addition at ₹1300 PE (+1,93,600) and ₹1270 PE (+1,24,000) shows defensive longs building, anticipating downside risk. This two-way buildup at ₹1300 on both CE and PE suggests a pivotal swing point, with traders hedging both breakouts and reversals.
Volatility Read
ATM IV at 27.77% is elevated, reflecting premium pricing ahead of extended expiry, with skew tilted bearish—implying higher demand for downside protection. The negative skew corroborates PE dominance in OI growth, underpinning risk-off sentiment despite spot strength.
Strategy Implication
Bias leans cautious with premium selling favored above ₹1400 and long downside protection gaining edge below ₹1300.