Vodafone Idea Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 1 | ₹— | 49.6% | — | — | — |
| — | — | — | —% | ₹— | 2 | ₹— | 34.3% | — | — | — |
| — | — | — | —% | ₹— | 3 | ₹— | 25.4% | — | — | — |
| — | — | — | —% | ₹5.89 | 4 | ₹0.01 | —% | — | — | — |
| — | — | — | —% | ₹— | 5 | ₹— | 14.1% | — | — | — |
| 53.6 L | 0 | — | —% | ₹3.25 | 6 | ₹0.01 | —% | 71K | 0 | 2.66 Cr |
| 1.37 Cr | -3.6 L | 7.9 L | —% | ₹2.70 | 7 | ₹0.01 | —% | 1.4 L | -71K | 4.31 Cr |
| 3.21 Cr | -67.2 L | 1.77 Cr | —% | ₹1.55 | 8 | ₹0.02 | 77.2% | 53.6 L | -18.6 L | 14.68 Cr |
| 16.46 Cr | -1.57 Cr | 8.16 Cr | 47.8% | ₹0.63 | 9 | ₹0.07 | 50.0% | 8.65 Cr | -65.0 L | 20.57 Cr |
| 36.67 Cr | -7.1 L | 17.19 Cr | 47.9% | ₹0.10 | 10ATM | ₹0.55 | 50.1% | 5.53 Cr | +18.6 L | 8.53 Cr |
| 22.75 Cr | -52.9 L | 9.06 Cr | 61.5% | ₹0.02 | 11 | ₹1.44 | 71.2% | 1.63 Cr | -65.0 L | 4.15 Cr |
| 11.47 Cr | -85.8 L | 2.32 Cr | 78.3% | ₹0.01 | 12 | ₹2.44 | 98.3% | 59.3 L | -38.6 L | 4.10 Cr |
| 3.92 Cr | +2.9 L | 3.6 L | —% | ₹0.01 | 13 | ₹3.28 | —% | 2.1 L | -71K | 1.49 Cr |
| 4.55 Cr | 0 | — | —% | ₹0.01 | 14 | ₹4.44 | —% | 71K | 0 | 42.2 L |
| — | — | — | 10.1% | ₹— | 15 | ₹— | —% | — | — | — |
| 1.72 Cr | 0 | 71K | —% | ₹0.01 | 16 | ₹6.08 | —% | — | — | — |
| — | — | — | 12.8% | ₹— | 17 | ₹— | —% | — | — | — |
| 1.32 Cr | 0 | 71K | —% | ₹0.01 | 18 | ₹7.97 | —% | — | — | — |
| — | — | — | 15.3% | ₹— | 19 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
Key Strike Levels
Immediate resistance rests at ₹13, where call writers have piled on fresh positions, capping upside momentum. Strong support emerges at ₹10, backed by a surge in put open interest, suggesting downside protection. The implied range, based on OI concentration, points to a near-term trading band between ₹10 and ₹13, with limited activity beyond these strikes.
OI Buildup Activity
Call writers add significant fresh longs at ₹11 and ₹13, with OI spiking by over 2.85 lakh contracts at the ₹13 strike, signaling aggressive short call positioning. On the put side, buyers build fresh longs at ₹10, adding 18.5 lakh contracts, indicating strong hedging or directional bearish bets. Minimal OI at higher strikes confirms lack of bullish conviction, while concentration at lower strikes shows active put writing near ₹10.
Volatility Read
ATM IV holds at 47.64%, reflecting elevated volatility expectations ahead of the 2026 expiry. The skew remains bearish, with puts pricing in higher implied volatility, suggesting traders favor downside protection over upside speculation.
Strategy Implication
Bias leans short premium above ₹11, with structural support encouraging put writing near ₹10.