Varun Beverages Limited Option Chain Analysis
2026-04-282026-05-26
Total CE OI
1.77 Cr
Total PE OI
1.01 Cr
PCR
0.57
Bearish
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 220 | ₹— | 16.6% | — | — | — |
| — | — | — | —% | ₹— | 230 | ₹— | 15.6% | — | — | — |
| — | — | — | —% | ₹— | 240 | ₹— | 14.7% | — | — | — |
| — | — | — | —% | ₹— | 250 | ₹— | 13.8% | — | — | — |
| — | — | — | —% | ₹— | 260 | ₹— | 12.9% | — | — | — |
| — | — | — | —% | ₹— | 270 | ₹— | 12.1% | — | — | — |
| — | — | — | —% | ₹— | 280 | ₹— | 11.3% | — | — | — |
| — | — | — | —% | ₹— | 285 | ₹— | 10.9% | — | — | — |
| — | — | — | —% | ₹— | 290 | ₹— | 10.5% | — | — | — |
| — | — | — | —% | ₹— | 295 | ₹— | 10.2% | — | — | — |
| — | — | — | —% | ₹— | 300 | ₹— | 9.8% | — | — | — |
| — | — | — | —% | ₹— | 305 | ₹— | 9.4% | — | — | — |
| — | — | — | —% | ₹145.90 | 310 | ₹0.05 | —% | — | 0 | 1K |
| — | — | — | —% | ₹— | 315 | ₹— | 8.7% | — | — | — |
| — | — | — | —% | ₹156.90 | 320 | ₹0.05 | —% | 6K | +2K | 16K |
| — | — | — | —% | ₹138.00 | 325 | ₹0.20 | —% | — | — | — |
| 2K | 0 | — | —% | ₹100.75 | 330 | ₹0.05 | —% | 3K | -1K | 35K |
| — | — | — | —% | ₹128.25 | 335 | ₹0.30 | —% | — | — | — |
| — | — | — | —% | ₹137.75 | 340 | ₹0.30 | —% | — | +1K | 1K |
| — | — | — | —% | ₹118.60 | 345 | ₹0.15 | —% | — | 0 | 74K |
| 1K | 0 | — | —% | ₹123.35 | 350 | ₹0.15 | —% | — | 0 | 1.7 L |
| 1K | 0 | — | —% | ₹51.65 | 355 | ₹0.15 | —% | — | 0 | 39K |
| 26K | 0 | — | —% | ₹109.90 | 360 | ₹0.10 | 82.4% | 7K | -3K | 79K |
| — | — | — | —% | ₹99.70 | 365 | ₹0.25 | 79.5% | — | 0 | 9K |
| 25K | 0 | — | —% | ₹85.60 | 370 | ₹0.10 | 76.2% | 32K | -29K | 92K |
| 55K | 0 | — | —% | ₹78.95 | 375 | ₹0.15 | 75.5% | 21K | -11K | 84K |
| 2.8 L | -11K | 19K | 80.5% | ₹101.45 | 380 | ₹0.20 | 75.2% | 12K | +2K | 3.3 L |
| 1.0 L | 0 | — | 127.1% | ₹88.00 | 385 | ₹0.30 | 66.1% | — | 0 | 1.4 L |
| 4.3 L | 0 | — | 68.8% | ₹77.90 | 390 | ₹0.20 | 62.5% | — | 0 | 5.2 L |
| 2.2 L | 0 | — | —% | ₹59.35 | 395 | ₹0.30 | 68.2% | 10K | -7K | 2.7 L |
| 9.1 L | 0 | 3K | 50.6% | ₹83.00 | 400 | ₹0.20 | 60.4% | 80K | -7K | 7.5 L |
| 1.6 L | 0 | — | 115.2% | ₹70.00 | 405 | ₹1.40 | 81.8% | 2K | 0 | 61K |
| 3.1 L | +6K | 68K | 41.8% | ₹73.00 | 410 | ₹0.35 | 60.4% | 41K | -3K | 2.3 L |
| 1.2 L | 0 | — | 57.4% | ₹53.60 | 415 | ₹0.40 | 56.4% | 53K | -1K | 1.3 L |
| 6.1 L | -9K | 48K | 56.6% | ₹65.00 | 420 | ₹0.30 | 49.4% | 2.5 L | +36K | 10.9 L |
| 1.0 L | 0 | 1K | —% | ₹54.90 | 425 | ₹0.40 | 48.1% | 1.3 L | -68K | 86K |
| 3.7 L | -1K | 11K | 49.4% | ₹52.00 | 430 | ₹0.35 | 43.4% | 3.6 L | -80K | 8.9 L |
| 1.4 L | -1K | 2K | —% | ₹50.10 | 435 | ₹0.55 | 43.4% | 1.7 L | -48K | 1.8 L |
| 3.1 L | -38K | 3.3 L | 42.4% | ₹42.15 | 440 | ₹0.65 | 41.3% | 10.4 L | -3.3 L | 4.2 L |
| 97K | +14K | 34K | 36.3% | ₹36.90 | 445 | ₹1.00 | 41.1% | 6.2 L | -2.0 L | 2.2 L |
| 7.5 L | -41K | 2.3 L | 39.3% | ₹33.30 | 450 | ₹1.30 | 39.4% | 19.1 L | +1.6 L | 10.4 L |
| 1.5 L | +19K | 1.2 L | 33.1% | ₹28.75 | 455 | ₹1.80 | 38.4% | 10.2 L | -14K | 3.4 L |
| 2.6 L | -83K | 5.5 L | 36.1% | ₹25.10 | 460 | ₹2.50 | 37.7% | 28.4 L | +1.7 L | 7.0 L |
| 1.6 L | -6K | 3.6 L | 36.4% | ₹20.90 | 465 | ₹3.50 | 37.5% | 7.2 L | +5K | 3.1 L |
| 5.6 L | -4.0 L | 26.8 L | 37.3% | ₹17.50 | 470 | ₹4.95 | 37.3% | 21.0 L | +1.2 L | 4.9 L |
| 2.1 L | -2.0 L | 19.4 L | 36.2% | ₹14.25 | 475 | ₹6.70 | 37.4% | 13.4 L | +6K | 4.4 L |
| 22.8 L | -2.7 L | 80.4 L | 38.5% | ₹11.85 | 480 | ₹9.00 | 37.7% | 26.4 L | +3.1 L | 5.1 L |
| 8.4 L | +4.4 L | 44.3 L | 38.0% | ₹9.20 | 485 | ₹11.55 | 38.5% | 7.0 L | +1.3 L | 1.3 L |
| 5.9 L | +11K | 41.3 L | 38.6% | ₹7.45 | 490 | ₹15.40 | 38.5% | 2.0 L | +50K | 53K |
| 3.2 L | -1.6 L | 14.5 L | 40.0% | ₹6.05 | 495 | ₹19.45 | 41.8% | 1.5 L | -17K | 32K |
| 51.1 L | -23K | 74.8 L | 41.0% | ₹4.70 | 500ATM | ₹23.80 | 43.6% | 1.9 L | -34K | 98K |
| 4.8 L | +2.9 L | 10.8 L | 40.9% | ₹3.60 | 505 | ₹25.70 | 43.9% | 54K | +10K | 12K |
| 5.7 L | +65K | 17.4 L | 42.2% | ₹2.90 | 510 | ₹68.75 | 159.4% | — | 0 | 1K |
| 55K | +55K | 97K | 43.3% | ₹2.30 | 515 | ₹60.55 | 111.8% | — | — | — |
| 7.2 L | +2.8 L | 23.7 L | 43.7% | ₹1.70 | 520 | ₹62.00 | 101.1% | — | 0 | 1K |
| — | — | — | 2.6% | ₹— | 525 | ₹— | —% | — | — | — |
| 3.7 L | +2.9 L | 13.9 L | 44.7% | ₹1.00 | 530 | ₹48.60 | 50.9% | 1K | 0 | 3K |
| — | — | — | 3.0% | ₹— | 535 | ₹— | —% | — | — | — |
| — | — | — | 141.5% | ₹14.25 | 540 | ₹74.35 | 72.9% | — | — | — |
| — | — | — | 3.4% | ₹— | 545 | ₹— | —% | — | — | — |
| — | — | — | 140.8% | ₹12.15 | 550 | ₹82.10 | —% | — | — | — |
| — | — | — | 3.8% | ₹— | 555 | ₹— | —% | — | — | — |
| — | — | — | 140.1% | ₹10.30 | 560 | ₹90.10 | —% | — | — | — |
| — | — | — | 4.2% | ₹— | 565 | ₹— | —% | — | — | — |
| — | — | — | 4.4% | ₹— | 570 | ₹— | —% | — | — | — |
| — | — | — | 4.6% | ₹— | 575 | ₹— | —% | — | — | — |
| — | — | — | 4.8% | ₹— | 580 | ₹— | —% | — | — | — |
| — | — | — | 4.9% | ₹— | 585 | ₹— | —% | — | — | — |
| — | — | — | 5.1% | ₹— | 590 | ₹— | —% | — | — | — |
| — | — | — | 5.3% | ₹— | 595 | ₹— | —% | — | — | — |
| — | — | — | 5.5% | ₹— | 600 | ₹— | —% | — | — | — |
| — | — | — | 5.9% | ₹— | 610 | ₹— | —% | — | — | — |
| — | — | — | 6.2% | ₹— | 620 | ₹— | —% | — | — | — |
| — | — | — | 6.6% | ₹— | 630 | ₹— | —% | — | — | — |
| — | — | — | 6.9% | ₹— | 640 | ₹— | —% | — | — | — |
| — | — | — | 7.3% | ₹— | 650 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
AI AnalysisGenerated daily after market close · AI-powered
Key Strike Levels
Immediate resistance at ₹500, where call writers have anchored the highest open interest, creating a strong supply zone. Major support clusters at ₹465 and ₹450, where put writers have built thick defensive walls. The implied range settles between ₹450 and ₹500, with ₹490 and ₹470 acting as secondary magnet levels.
OI Buildup Activity
Fresh long calls are stacking at ₹490, ₹495, and ₹500, signaling aggressive bullish positioning above spot. These strikes reflect call writers absorbing premium, likely anticipating limited upside beyond ₹500. On the put side, strong OI additions at ₹465 and ₹450 suggest writers are selling downside protection, confident in a floor near ₹450.
Volatility Read
ATM IV at 32.7% indicates elevated premium levels, reflecting underlying event risk or earnings overhang. The bearish skew—higher put volatility relative to calls—confirms defensive sentiment despite fresh long calls.
Strategy Implication
Bias favors range-bound action with a slight defensive tilt, as writers dominate key strikes below and above.
Related Analysis
Frequently Asked Questions
What is the highest call OI strike for Varun Beverages Limited today?▾
The strike with highest call (CE) open interest for Varun Beverages Limited is ₹500 for the 2026-04-28 expiry. This acts as a key resistance level since call writers will defend this strike aggressively near expiry.
What is the highest put OI strike for Varun Beverages Limited today?▾
The strike with highest put (PE) open interest for Varun Beverages Limited is ₹420 for the 2026-04-28 expiry. This acts as a key support level — put writers will tend to defend this level near expiry.
What does OI buildup in Varun Beverages Limited options mean?▾
Open Interest (OI) buildup in Varun Beverages Limited options shows how many net new contracts are being created at each strike. Rising OI at a strike means fresh positions (writers or buyers). Rising OI with rising price = long buildup (bullish); rising OI with falling price = short buildup (bearish).
When does Varun Beverages Limited options expire?▾
Varun Beverages Limited options have their nearest expiry on 2026-04-28. NSE F&O stocks have monthly expiry contracts — typically the last Tuesday of each month. MarketNetra shows data for the nearest two expiries.
How to read Varun Beverages Limited option chain?▾
The Varun Beverages Limited option chain shows calls (CE) on the left and puts (PE) on the right for each strike price. Key columns: OI (total open contracts), OI Change (new positions today), Volume (today's trades), IV (implied volatility — higher = more uncertainty), and LTP (last traded price). The ATM (at-the-money) strike is highlighted in blue.