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
- ₹42 Cr
- Total put premium
- ₹37 Cr
- Put/Call premium ratio
- 0.88
- Call/Put premium ratio
- 1.14
- Net put premium
- −₹5 Cr
- Net call premium
- ₹5 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
- 343,663 / +18,978
- Put OI / ΔOI
- 370,060 / +39,072
- OI PCR
- 1.08
- Premium PCR
- 0.88
- Volume PCR
- 1.07
OI PCR 1.08 (neutral) and premium PCR 0.88 (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)
- 26300–26500
- Potential resistance (call OI)
- 26600–26900
IV & skew
- ATM IV
- 20.56
- ATM call / put IV
- 20.5 / 20.6
- 25Δ call IV
- 21.43
- 25Δ put IV
- 20.94
- Skew (put − call)
- -0.49
- Days to expiry
- 22
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 | ₹9 Cr | ₹11 Cr | ₹21 Cr |
| Puts | ₹8 Cr | ₹10 Cr | ₹19 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 | ₹38 Cr | ₹0 Cr |
| writing | ₹0 Cr | ₹37 Cr |
| short covering | ₹1 Cr | ₹0 Cr |
| long unwinding | ₹0 Cr | ₹0 Cr |
| no clear signal | ₹3 Cr | ₹0 Cr |
Premium pressure: calls ₹27 Cr, puts −₹31 Cr → net ₹58 Cr (+0.74 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 2026-11-10
| 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 | 22.3 | 22.9 | 0.00 | +0 | 0 | |
| 24650 | 0 | +0 | 0.00 | 22.2 | 23.0 | 0.00 | +0 | 0 | |
| 24700 | 0 | +0 | 0.00 | 22.0 | 23.2 | 0.00 | +0 | 0 | |
| 24750 | 0 | +0 | 0.00 | 21.9 | 22.8 | 0.00 | +0 | 0 | |
| 24800 | 0 | +0 | 0.00 | 21.8 | 22.5 | 0.00 | +0 | 0 | |
| 24850 | 0 | +0 | 0.00 | 21.9 | 22.7 | 0.00 | +0 | 0 | |
| 24900 | 0 | +0 | 0.00 | 21.7 | 22.4 | 0.00 | +0 | 0 | |
| 24950 | 0 | +0 | 0.00 | 22.0 | 22.5 | 0.00 | +0 | 0 | |
| 25000 | 0 | +0 | 0.00 | 21.7 | 22.3 | 0.00 | +0 | 1 | |
| 25050 | 0 | +0 | 0.00 | 21.5 | 22.6 | 0.00 | +0 | 1 | |
| 25100 | 0 | +0 | 0.00 | 21.3 | 22.0 | 0.00 | +0 | 2 | |
| 25150 | 0 | +0 | 0.00 | 21.6 | 21.9 | 0.00 | +0 | 2 | |
| 25200 | 0 | +-0 | 0.00 | 21.5 | 22.1 | 0.00 | +1 | 10 | |
| 25250 | 0 | +-0 | 0.00 | 21.4 | 21.8 | 0.00 | +0 | 10 | |
| 25300 | 0 | +0 | 0.00 | 21.5 | 22.3 | 0.00 | +6 | 34 | |
| 25350 | 0 | +0 | 0.00 | 21.1 | 22.0 | 0.00 | +3 | 50 | |
| 25400 | 0 | +0 | 0.00 | 21.1 | 21.6 | 0.00 | +7 | 125 | |
| 25450 | 0 | +0 | 0.00 | 21.1 | 21.5 | 0.00 | +17 | 114 | |
| 25500 | 1 | +0 | 0.00 | 21.2 | 22.0 | 0.02 | +104 | 684 | |
| 25550 | 1 | +0 | 0.00 | 21.3 | 21.1 | 0.01 | +39 | 380 | |
| 25600 | 3 | +0 | 0.00 | 20.6 | 21.3 | 0.02 | +114 | 1,037 | |
| 25650 | 3 | +0 | 0.00 | 20.6 | 21.6 | 0.03 | +140 | 1,057 | |
| 25700 | 9 | +1 | 0.00 | 21.1 | 21.4 | 0.06 | +256 | 2,580 | |
| 25750 | 14 | +2 | 0.00 | 21.1 | 21.0 | 0.04 | +164 | 2,481 | |
| 25800 | 46 | +0 | 0.01 | 20.9 | 20.9 | 0.17 | +904 | 5,519 | |
| 25850 | 58 | +1 | 0.01 | 21.2 | 21.5 | 0.20 | +139 | 5,335 | |
| 25900 | 143 | +11 | 0.02 | 21.1 | 21.1 | 0.38 | +1,156 | 13,139 | |
| 25950 | 168 | +1 | 0.02 | 20.8 | 20.7 | 0.33 | +1,167 | 7,607 | |
| 26000 | 647 | +106 | 0.09 | 20.6 | 20.9 | 0.80 | +1,720 | 18,879 | |
| 26050 | 389 | +56 | 0.04 | 20.7 | 21.2 | 0.36 | +1,500 | 9,862 | |
| 26100 | 1,106 | +102 | 0.12 | 20.6 | 21.1 | 1.02 | +2,793 | 22,469 | |
| 26150 | 1,166 | +79 | 0.17 | 20.9 | 21.2 | 1.09 | +1,000 | 18,269 | |
| 26200 | 2,346 | +157 | 0.42 | 20.8 | 20.8 | 1.52 | +3,362 | 26,798 | |
| 26250 | 2,071 | +55 | 0.28 | 20.5 | 20.6 | 1.09 | +2,826 | 16,734 | |
| 26300 | 4,208 | +144 | 0.41 | 20.5 | 21.0 | 1.86 | +1,751 | 27,969 | |
| 26350 | 4,942 | +513 | 0.51 | 20.9 | 20.9 | 1.05 | +1,515 | 18,483 | |
| 26400 | 10,110 | +1,115 | 1.52 | 20.4 | 20.8 | 2.42 | +1,749 | 23,492 | |
| 26450 | 7,558 | +544 | 1.63 | 20.7 | 20.6 | 1.89 | +2,646 | 19,763 | |
| 26500 | 20,919 | +908 | 3.92 | 20.7 | 20.7 | 4.72 | +3,573 | 30,636 | |
| 26550 | 13,921 | +444 | 3.05 | 20.5 | 20.6 | 2.59 | +1,358 | 13,378 | |
| 26600 | 17,895 | +192 | 4.19 | 20.5 | ◆ 26,588.4 | 20.6 | 4.70 | +2,446 | 21,497 |
| 26650 | 21,452 | +2,054 | 4.08 | 20.6 | 21.2 | 2.60 | +872 | 10,989 | |
| 26700 | 23,755 | +1,620 | 3.62 | 20.4 | 20.3 | 1.69 | +1,817 | 14,167 | |
| 26750 | 20,181 | +1,395 | 3.25 | 20.8 | 20.5 | 1.74 | +934 | 8,727 | |
| 26800 | 29,006 | +714 | 3.46 | 20.8 | 21.2 | 1.53 | +914 | 8,169 | |
| 26850 | 17,642 | +1,084 | 1.36 | 20.8 | 20.9 | 0.93 | +641 | 5,768 | |
| 26900 | 26,866 | -75 | 2.77 | 20.4 | 20.9 | 0.61 | +498 | 5,228 | |
| 26950 | 15,093 | -329 | 1.16 | 20.8 | 20.9 | 0.33 | +222 | 2,101 | |
| 27000 | 26,353 | +1,728 | 1.87 | 20.6 | 21.3 | 0.42 | +419 | 3,600 | |
| 27050 | 13,050 | +483 | 0.96 | 20.6 | 20.8 | 0.13 | +93 | 986 | |
| 27100 | 15,479 | +2,070 | 0.81 | 20.7 | 21.0 | 0.15 | +87 | 863 | |
| 27150 | 10,378 | +1,305 | 0.51 | 20.6 | 21.1 | 0.05 | +46 | 414 | |
| 27200 | 11,248 | +631 | 0.51 | 20.8 | 21.4 | 0.03 | +37 | 274 | |
| 27250 | 4,464 | +403 | 0.20 | 20.8 | 21.1 | 0.02 | +17 | 156 | |
| 27300 | 8,442 | +677 | 0.21 | 20.7 | 21.3 | 0.01 | +11 | 103 | |
| 27350 | 3,087 | +65 | 0.11 | 20.7 | 21.2 | 0.01 | +3 | 54 | |
| 27400 | 3,154 | +223 | 0.12 | 20.8 | 21.3 | 0.01 | +2 | 33 | |
| 27450 | 1,931 | +152 | 0.06 | 20.7 | 21.4 | 0.00 | +1 | 12 | |
| 27500 | 2,267 | +199 | 0.08 | 21.0 | 21.4 | 0.00 | +2 | 14 | |
| 27550 | 692 | +51 | 0.02 | 20.5 | 21.4 | 0.00 | +0 | 2 | |
| 27600 | 716 | +54 | 0.02 | 21.1 | 21.3 | 0.00 | +0 | 2 | |
| 27650 | 188 | +10 | 0.01 | 21.0 | 21.9 | 0.00 | +0 | 1 | |
| 27700 | 273 | +15 | 0.01 | 21.4 | 21.5 | 0.00 | +0 | 0 | |
| 27750 | 77 | +7 | 0.00 | 21.1 | 21.5 | 0.00 | +0 | 0 | |
| 27800 | 78 | +8 | 0.00 | 21.2 | 21.5 | 0.00 | +0 | 0 | |
| 27850 | 26 | +0 | 0.00 | 21.1 | 22.0 | 0.00 | +0 | 0 | |
| 27900 | 24 | +2 | 0.00 | 21.3 | 22.1 | 0.00 | +0 | 0 | |
| 27950 | 6 | +0 | 0.00 | 21.0 | 22.1 | 0.00 | +0 | 0 | |
| 28000 | 8 | +1 | 0.00 | 21.1 | 22.1 | 0.00 | +0 | 0 | |
| 28050 | 2 | +0 | 0.00 | 21.6 | 22.2 | 0.00 | +0 | 0 | |
| 28100 | 1 | +0 | 0.00 | 21.6 | 22.1 | 0.00 | +0 | 0 | |
| 28150 | 0 | +0 | 0.00 | 21.2 | 22.4 | 0.00 | +0 | 0 | |
| 28200 | 0 | +0 | 0.00 | 21.6 | 22.5 | 0.00 | +0 | 0 | |
| 28250 | 0 | +0 | 0.00 | 21.8 | 22.2 | 0.00 | +-0 | 0 | |
| 28300 | 0 | +0 | 0.00 | 21.6 | 22.6 | 0.00 | +0 | 0 | |
| 28350 | 0 | +0 | 0.00 | 21.8 | 22.9 | 0.00 | +0 | 0 | |
| 28400 | 0 | +0 | 0.00 | 21.6 | 22.9 | 0.00 | +0 | 0 | |
| 28450 | 0 | +0 | 0.00 | 21.9 | 22.8 | 0.00 | +0 | 0 | |
| 28500 | 0 | +-0 | 0.00 | 22.3 | 22.9 | 0.00 | +0 | 0 | |
| 28550 | 0 | +0 | 0.00 | 22.0 | 23.0 | 0.00 | +0 | 0 | |
| 28600 | 0 | +0 | 0.00 | 22.0 | 23.1 | 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.