Varun Beverages Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 320 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 340 | ₹— | —% | — | 0 | 28K |
| 0 | 0 | — | —% | ₹— | 350 | ₹— | —% | — | 0 | 6K |
| 13K | 0 | — | —% | ₹— | 360 | ₹— | —% | — | -13K | 4.2 L |
| 42K | 0 | — | —% | ₹— | 370 | ₹— | —% | — | +1K | 1.7 L |
| 1.0 L | 0 | — | —% | ₹— | 380 | ₹— | —% | — | -1.1 L | 15.1 L |
| 85K | +3K | — | —% | ₹— | 390 | ₹— | —% | — | -24K | 19.9 L |
| 15.4 L | +1.6 L | — | —% | ₹— | 400 | ₹— | —% | — | +18K | 23.0 L |
| 13.7 L | +2.3 L | — | —% | ₹— | 410 | ₹— | —% | — | +1.1 L | 28.3 L |
| 32.6 L | +1.8 L | — | —% | ₹— | 420 | ₹— | —% | — | -20K | 18.9 L |
| 70.6 L | +48K | — | —% | ₹— | 430ATM | ₹— | —% | — | -85K | 27.0 L |
| 43.2 L | +1.1 L | — | —% | ₹— | 440 | ₹— | —% | — | +6K | 16.1 L |
| 58.2 L | +2.8 L | — | —% | ₹— | 450 | ₹— | —% | — | 0 | 13.9 L |
| 20.5 L | +29K | — | —% | ₹— | 460 | ₹— | —% | — | +5K | 4.0 L |
| 24.1 L | -11K | — | —% | ₹— | 470 | ₹— | —% | — | 0 | 2.2 L |
| 7.8 L | -29K | — | —% | ₹— | 480 | ₹— | —% | — | 0 | 1.3 L |
| 3.4 L | -28K | — | —% | ₹— | 490 | ₹— | —% | — | 0 | 36K |
| 14.4 L | +56K | — | —% | ₹— | 500 | ₹— | —% | — | 0 | 2.1 L |
| 3.8 L | -6K | — | —% | ₹— | 520 | ₹— | —% | — | 0 | 61K |
| 73K | 0 | — | —% | ₹— | 540 | ₹— | —% | — | 0 | 69K |
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 shows a tight concentration around the 410‑420 ₹ call corridor and the 400‑410 ₹ put corridor, framing a near‑term price range of roughly ₹400 to ₹420. The highest call OI sits at 410 ₹, while the greatest put OI also resides at 410 ₹, indicating that market participants view this level as a pivotal resistance‑support zone. Consequently, the implied price window for the September expiry is anchored by these dual‑sided OI clusters.
OI Buildup Activity
During the latest data snapshot, fresh call OI accumulates at 450 ₹ (+2,61,375 contracts), 410 ₹ (+2,25,675 contracts) and 420 ₹ (+1,88,700 contracts), reflecting a notable addition of long‑call positions near the upper resistance band. On the put side, new OI builds at 410 ₹ (+1,12,200 contracts), 400 ₹ (+19,125 contracts) and 440 ₹ (+7,650 contracts), suggesting that writers are stacking downside protection around the key support line. The asymmetric magnitude of OI inflows points to a market bias favoring the upper edge of the established range, while still preserving a defensive layer beneath 410 ₹.
Volatility Read
The at‑the‑money implied volatility stands at 25.95 %, modest for a mid‑cap consumer‑drinks stock, implying a measured expectation of movement for the next 25 days. The volatility skew is bearish, with out‑of‑the‑money calls priced slightly higher than equivalent puts, reinforcing the market’s cautious outlook on upside breaks.
Key OI Levels
The strikes with the most concentrated open interest are 410 ₹ for both calls (highest CE OI) and puts (highest PE OI).