Wipro Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 18K | 0 | — | —% | ₹— | 135 | ₹— | —% | — | +3K | 57K |
| 0 | 0 | — | —% | ₹— | 140 | ₹— | —% | — | +1.7 L | 5.3 L |
| 9K | 0 | — | —% | ₹— | 142.5 | ₹— | —% | — | 0 | 0 |
| 3K | 0 | — | —% | ₹— | 145 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 147.5 | ₹— | —% | — | 0 | 3K |
| 1.1 L | 0 | — | —% | ₹— | 150 | ₹— | —% | — | -87K | 11.0 L |
| 0 | 0 | — | —% | ₹— | 152.5 | ₹— | —% | — | 0 | 30K |
| 2.3 L | 0 | — | —% | ₹— | 155 | ₹— | —% | — | +3K | 4.0 L |
| 9K | 0 | — | —% | ₹— | 157.5 | ₹— | —% | — | 0 | 0 |
| 5.0 L | +30K | — | —% | ₹— | 160 | ₹— | —% | — | -1.0 L | 26.0 L |
| 12K | 0 | — | —% | ₹— | 162.5 | ₹— | —% | — | +6K | 66K |
| 2.5 L | 0 | — | —% | ₹— | 165 | ₹— | —% | — | -1.4 L | 7.6 L |
| 12K | 0 | — | —% | ₹— | 167.5 | ₹— | —% | — | -1.5 L | 4.5 L |
| 6.8 L | 0 | — | —% | ₹— | 170 | ₹— | —% | — | -6.2 L | 21.5 L |
| 27K | +3K | — | —% | ₹— | 172.5 | ₹— | —% | — | -2.2 L | 2.3 L |
| 6.9 L | +30K | — | —% | ₹— | 175 | ₹— | —% | — | -1.1 L | 11.6 L |
| 1.4 L | +78K | — | —% | ₹— | 177.5 | ₹— | —% | — | +1.2 L | 4.9 L |
| 32.3 L | -81K | — | —% | ₹— | 180 | ₹— | —% | — | +66K | 29.2 L |
| 3.1 L | +1.6 L | — | —% | ₹— | 182.5 | ₹— | —% | — | +1.9 L | 11.5 L |
| 38.3 L | +24.9 L | — | —% | ₹— | 185 | ₹— | —% | — | +78K | 18.1 L |
| 7.5 L | +3.6 L | — | —% | ₹— | 187.5 | ₹— | —% | — | -78K | 6.1 L |
| 67.9 L | -4.0 L | — | —% | ₹— | 190ATM | ₹— | —% | — | +1.1 L | 50.9 L |
| 9.2 L | +21K | — | —% | ₹— | 192.5 | ₹— | —% | — | +87K | 4.4 L |
| 17.9 L | +3.6 L | — | —% | ₹— | 195 | ₹— | —% | — | -36K | 8.5 L |
| 12.8 L | +1.9 L | — | —% | ₹— | 197.5 | ₹— | —% | — | 0 | 84K |
| 41.4 L | +3.5 L | — | —% | ₹— | 200 | ₹— | —% | — | +9K | 11.1 L |
| 4.8 L | +33K | — | —% | ₹— | 202.5 | ₹— | —% | — | 0 | 18K |
| 14.6 L | +1.1 L | — | —% | ₹— | 205 | ₹— | —% | — | +15K | 2.2 L |
| 3.5 L | +48K | — | —% | ₹— | 207.5 | ₹— | —% | — | 0 | 15K |
| 26.4 L | +2.2 L | — | —% | ₹— | 210 | ₹— | —% | — | 0 | 21.3 L |
| 42.2 L | -66K | — | —% | ₹— | 215 | ₹— | —% | — | +84K | 5.9 L |
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 concentrate heavily around the 185, 195 and 200 strike levels on the call side, while the put side clusters near 182.5, 177.5 and 140, indicating a likely trading range between approximately ₹140 and ₹200 for the upcoming expiry. Current spot sits at ₹184.5, placing the underlying just below the 185 call concentration and marginally above the 182.5 put cluster, which aligns with the identified range boundaries. The highest call open‑interest of 100 contracts sits at the 0‑Delta strike, acting as a resistance pocket, while the highest put open‑interest of 100 contracts at the 0‑Delta strike provides a support cushion.
OI Buildup Activity
Fresh open‑interest adds show a 24‑contract surge of 87,000 units at the 185 call, suggesting new bullish positioning near the ATM level. The 200 call accumulates an additional 3,60,000 contracts and the 195 call adds 3,57,000, reflecting incremental writer interest just beyond the current price. On the downside, the 182.5 put receives a 1,98,000 contract lift, the 140 put a 1,83,000 lift, and the 177.5 put a 1,20,000 lift, indicating defensive hedging across a broad price spectrum.
Volatility Read
The at‑the‑money implied volatility stands at 27.37%, reflecting moderate pricing pressure ahead of the November expiry. The volatility skew is bearish, with puts priced higher than calls, indicating market bias toward downside protection.
Key OI Levels
The strikes with the largest open‑interest concentrations are 185 (call) and 182.5 (put), each holding 100 contracts at delta.