Showing SYNTHETIC demo data — Dhan access token expired 01 Oct, 12:49 IST.
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Option chain analysis
Open interest, premium traded, IV and likely positioning by strike. Buying/writing labels are probabilistic; OI concentrations are potential (not guaranteed) support/resistance; Max Pain is theoretical.
Premium traded
- Total call premium
- ₹83 Cr
- Total put premium
- ₹82 Cr
- Put/Call premium ratio
- 0.99
- Call/Put premium ratio
- 1.01
- Net put premium
- −₹1 Cr
- Net call premium
- ₹1 Cr
Premium = LTP × volume × lot size. More put premium is not automatically bullish or bearish — read with price, OI change and IV.
Open interest & PCR
- Call OI / ΔOI
- 572,953 / +36,787
- Put OI / ΔOI
- 649,537 / +70,885
- OI PCR
- 1.13
- Premium PCR
- 0.99
- Volume PCR
- 1.18
OI PCR 1.13 (bullish) and premium PCR 0.99 (neutral) do not contradict each other.
Max Pain & concentration
- Spot
- 26,588.40
- ATM strike
- 26600
- Max Pain
- 26600
- Spot vs Max Pain
- −12 (−0.04%)
- Potential support (put OI)
- 26500
- Potential resistance (call OI)
- 27000
IV & skew
- ATM IV
- 20.75
- ATM call / put IV
- 20.6 / 20.9
- 25Δ call IV
- 20.98
- 25Δ put IV
- 21.21
- Skew (put − call)
- 0.23
- Days to expiry
- 15
Skew changes over 1D/1W/1M: see the “NIFTY 25Δ IV skew” indicator on Factors & Data.
Premium by moneyness (±all strikes, ATM = nearest ±1 strike)
| ITM | ATM | OTM | |
|---|---|---|---|
| Calls | ₹21 Cr | ₹21 Cr | ₹41 Cr |
| Puts | ₹16 Cr | ₹14 Cr | ₹52 Cr |
Limiting the window to strikes near ATM stops far out-of-the-money contracts from distorting the read.
Likely buying vs writing (premium, ₹ Cr)
| Evidence suggests / likely | Calls | Puts |
|---|---|---|
| fresh buying | ₹75 Cr | ₹0 Cr |
| writing | ₹0 Cr | ₹82 Cr |
| short covering | ₹0 Cr | ₹0 Cr |
| long unwinding | ₹0 Cr | ₹0 Cr |
| no clear signal | ₹8 Cr | ₹0 Cr |
Premium pressure: calls ₹57 Cr, puts −₹70 Cr → net ₹126 Cr (+0.77 of premium, bullish +).
Price ↑ + OI ↑ → possible fresh buying · price ↓ + OI ↑ → possible writing · price ↑ + OI ↓ → possible short covering · price ↓ + OI ↓ → possible long unwinding. Volume and IV change adjust the strength of evidence. Trader intent is never certain.
Option chain · NIFTY 2026-11-03
| Strike ↑ | Call OI | Call ΔOI | Call prem ₹Cr | Call IV | Spot | Put IV | Put prem ₹Cr | Put ΔOI | Put OI |
|---|---|---|---|---|---|---|---|---|---|
| 24600 | 0 | +0 | 0.00 | 22.7 | 24.0 | 0.00 | +0 | 0 | |
| 24650 | 0 | +0 | 0.00 | 22.6 | 24.0 | 0.00 | +0 | 0 | |
| 24700 | 0 | +0 | 0.00 | 22.8 | 23.8 | 0.00 | +0 | 0 | |
| 24750 | 0 | +0 | 0.00 | 22.9 | 23.4 | 0.00 | +0 | 0 | |
| 24800 | 0 | +0 | 0.00 | 22.7 | 23.5 | 0.00 | +0 | 0 | |
| 24850 | 0 | +-0 | 0.00 | 22.4 | 23.5 | 0.00 | +0 | 0 | |
| 24900 | 0 | +0 | 0.00 | 22.3 | 23.3 | 0.00 | +0 | 0 | |
| 24950 | 0 | +0 | 0.00 | 21.8 | 23.1 | 0.00 | +0 | 0 | |
| 25000 | 0 | +0 | 0.00 | 22.0 | 22.6 | 0.00 | +0 | 1 | |
| 25050 | 0 | +0 | 0.00 | 22.0 | 22.8 | 0.00 | +0 | 1 | |
| 25100 | 0 | +0 | 0.00 | 22.2 | 22.5 | 0.00 | +0 | 3 | |
| 25150 | 0 | +0 | 0.00 | 21.4 | 22.9 | 0.00 | +0 | 4 | |
| 25200 | 0 | +0 | 0.00 | 21.8 | 22.8 | 0.00 | +1 | 15 | |
| 25250 | 0 | +0 | 0.00 | 21.7 | 22.5 | 0.00 | +2 | 19 | |
| 25300 | 0 | +0 | 0.00 | 21.7 | 22.0 | 0.00 | +5 | 56 | |
| 25350 | 0 | +0 | 0.00 | 21.5 | 21.8 | 0.00 | +6 | 75 | |
| 25400 | 0 | +0 | 0.00 | 21.5 | 22.2 | 0.00 | +4 | 200 | |
| 25450 | 0 | +0 | 0.00 | 21.3 | 22.0 | 0.00 | +30 | 204 | |
| 25500 | 1 | +0 | 0.00 | 21.2 | 21.9 | 0.02 | +147 | 1,105 | |
| 25550 | 1 | +-0 | 0.00 | 21.5 | 21.8 | 0.01 | +47 | 554 | |
| 25600 | 2 | +0 | 0.00 | 21.4 | 21.6 | 0.03 | +132 | 1,441 | |
| 25650 | 5 | +0 | 0.00 | 21.0 | 21.8 | 0.05 | +248 | 1,599 | |
| 25700 | 15 | +1 | 0.00 | 21.2 | 22.0 | 0.09 | +243 | 3,925 | |
| 25750 | 23 | +1 | 0.01 | 21.1 | 21.6 | 0.04 | +157 | 2,349 | |
| 25800 | 75 | +6 | 0.01 | 21.3 | 21.6 | 0.28 | +899 | 7,221 | |
| 25850 | 70 | +1 | 0.01 | 20.8 | 21.3 | 0.16 | +741 | 7,746 | |
| 25900 | 162 | +12 | 0.03 | 21.0 | 21.2 | 0.69 | +1,390 | 15,168 | |
| 25950 | 245 | +4 | 0.05 | 20.8 | 21.2 | 0.35 | +1,790 | 14,671 | |
| 26000 | 1,186 | +73 | 0.31 | 20.5 | 21.1 | 1.69 | +5,720 | 45,364 | |
| 26050 | 486 | +19 | 0.11 | 21.1 | 21.3 | 0.98 | +1,589 | 16,842 | |
| 26100 | 1,844 | +89 | 0.41 | 20.7 | 21.3 | 3.40 | +7,749 | 43,044 | |
| 26150 | 1,872 | +93 | 0.23 | 20.6 | 20.9 | 0.82 | +3,751 | 25,521 | |
| 26200 | 3,770 | +133 | 0.88 | 20.6 | 21.2 | 2.74 | +3,894 | 45,740 | |
| 26250 | 4,301 | +356 | 0.43 | 20.7 | 21.1 | 2.44 | +1,822 | 35,044 | |
| 26300 | 7,798 | +604 | 1.72 | 20.8 | 20.8 | 5.09 | +4,615 | 48,220 | |
| 26350 | 5,052 | +388 | 1.04 | 20.9 | 21.0 | 4.06 | +3,034 | 38,003 | |
| 26400 | 12,345 | +652 | 2.28 | 21.1 | 21.1 | 9.89 | +8,705 | 58,303 | |
| 26450 | 9,806 | +1,034 | 3.07 | 20.2 | 20.9 | 4.26 | +3,643 | 29,680 | |
| 26500 | 37,966 | +4,260 | 10.43 | 20.5 | 20.8 | 14.75 | +7,161 | 58,416 | |
| 26550 | 21,676 | +892 | 6.16 | 20.7 | 20.5 | 5.20 | +509 | 27,024 | |
| 26600 | 24,630 | +1,741 | 6.34 | 20.6 | ◆ 26,588.4 | 20.9 | 5.92 | +3,099 | 31,662 |
| 26650 | 23,269 | +175 | 8.30 | 21.1 | 20.8 | 2.55 | +1,393 | 14,321 | |
| 26700 | 37,485 | +4,969 | 8.91 | 21.0 | 20.8 | 4.13 | +2,362 | 21,102 | |
| 26750 | 36,923 | +1,086 | 5.46 | 20.7 | 20.8 | 3.59 | +1,876 | 14,597 | |
| 26800 | 50,824 | +2,777 | 5.01 | 20.4 | 20.9 | 3.31 | +1,458 | 14,436 | |
| 26850 | 27,093 | +1,280 | 2.75 | 20.6 | 20.7 | 2.05 | +721 | 7,862 | |
| 26900 | 46,033 | +1,962 | 4.55 | 20.6 | 21.0 | 1.06 | +647 | 5,962 | |
| 26950 | 28,224 | +681 | 2.76 | 20.4 | 21.1 | 0.53 | +302 | 3,005 | |
| 27000 | 65,922 | +3,993 | 5.71 | 20.6 | 20.8 | 1.06 | +475 | 4,425 | |
| 27050 | 22,729 | +1,364 | 1.23 | 20.8 | 21.2 | 0.27 | +137 | 1,696 | |
| 27100 | 23,262 | +1,290 | 1.30 | 20.7 | 20.9 | 0.14 | +205 | 1,269 | |
| 27150 | 14,954 | +1,049 | 0.56 | 20.8 | 21.0 | 0.12 | +82 | 648 | |
| 27200 | 21,151 | +1,995 | 1.06 | 21.1 | 21.0 | 0.09 | +35 | 469 | |
| 27250 | 10,439 | +1,245 | 0.45 | 20.9 | 21.3 | 0.03 | +23 | 200 | |
| 27300 | 11,716 | +937 | 0.57 | 21.0 | 21.4 | 0.04 | +18 | 171 | |
| 27350 | 4,683 | +312 | 0.20 | 20.8 | 21.4 | 0.02 | +5 | 60 | |
| 27400 | 5,608 | +522 | 0.22 | 21.1 | 21.8 | 0.01 | +6 | 49 | |
| 27450 | 3,178 | +286 | 0.11 | 21.0 | 21.8 | 0.00 | +2 | 15 | |
| 27500 | 2,398 | +190 | 0.10 | 20.9 | 21.7 | 0.01 | +4 | 21 | |
| 27550 | 1,253 | +145 | 0.03 | 21.2 | 21.8 | 0.00 | +1 | 4 | |
| 27600 | 1,180 | +80 | 0.03 | 21.4 | 21.7 | 0.00 | +0 | 3 | |
| 27650 | 505 | +30 | 0.01 | 21.1 | 22.3 | 0.00 | +0 | 1 | |
| 27700 | 425 | +36 | 0.01 | 21.4 | 21.8 | 0.00 | +0 | 1 | |
| 27750 | 117 | +4 | 0.00 | 21.3 | 22.3 | 0.00 | +0 | 0 | |
| 27800 | 126 | +14 | 0.00 | 21.6 | 22.3 | 0.00 | +0 | 0 | |
| 27850 | 54 | +3 | 0.00 | 21.9 | 22.6 | 0.00 | +0 | 0 | |
| 27900 | 43 | +2 | 0.00 | 21.6 | 22.5 | 0.00 | +0 | 0 | |
| 27950 | 12 | +0 | 0.00 | 21.3 | 22.5 | 0.00 | +0 | 0 | |
| 28000 | 12 | +1 | 0.00 | 21.4 | 22.3 | 0.00 | +0 | 0 | |
| 28050 | 2 | +0 | 0.00 | 21.8 | 22.6 | 0.00 | +0 | 0 | |
| 28100 | 2 | +0 | 0.00 | 22.1 | 23.0 | 0.00 | +0 | 0 | |
| 28150 | 0 | +0 | 0.00 | 22.1 | 22.8 | 0.00 | +0 | 0 | |
| 28200 | 0 | +0 | 0.00 | 22.2 | 23.1 | 0.00 | +0 | 0 | |
| 28250 | 0 | +0 | 0.00 | 22.3 | 23.0 | 0.00 | +0 | 0 | |
| 28300 | 0 | +-0 | 0.00 | 22.3 | 23.4 | 0.00 | +0 | 0 | |
| 28350 | 0 | +0 | 0.00 | 22.2 | 23.7 | 0.00 | +0 | 0 | |
| 28400 | 0 | +0 | 0.00 | 22.5 | 23.7 | 0.00 | +0 | 0 | |
| 28450 | 0 | +0 | 0.00 | 22.6 | 23.7 | 0.00 | +0 | 0 | |
| 28500 | 0 | +0 | 0.00 | 22.4 | 23.9 | 0.00 | +0 | 0 | |
| 28550 | 0 | +0 | 0.00 | 22.9 | 23.8 | 0.00 | +0 | 0 | |
| 28600 | 0 | +0 | 0.00 | 23.4 | 24.4 | 0.00 | +0 | 0 |
Net premium pressure vs underlying
Expiry structure & positioning shift
| Expiry | Type | Days | OI | ΔOI | Premium | Prem. PCR | OI PCR | ATM IV | Skew | Max Pain | Support / resistance | Positioning |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-10-20 | current | 1 | 2,605,937 | +225,627 | ₹260 Cr | 0.97 | 1.02 | 20.6 | 0.3 | 26600 | 26500 / 27000 | 76 |
| 2026-10-27 | next, monthly | 8 | 1,624,666 | +129,981 | ₹287 Cr | 1.05 | 1.13 | 20.9 | 0.5 | 26600 | 26500 / 26700 | 83 |
| 2026-12-29 | far | 71 | 263,033 | +19,804 | ₹26 Cr | 0.77 | 0.96 | 20.9 | — | 26600 | 26300–26500 / 27000 | 72 |
Expiry positioning shift: Bullish-leaning positioning in the current expiry also appears in later expiries (near 76, later 82).
Positioning (0–100) blends OI PCR (conventional reading) with net premium pressure for each expiry, using ±10 strikes.