KFINTECH Options — Where Positioning Sits Today

Where KFINTECH open interest sits

The heaviest call open interest is at the 1,000 strike, holding 9,32,650 contracts — 27.3% of all KFINTECH call open interest on the board, 8.48% above the spot of 922. Call open interest concentrated above price is commonly read as resistance, on the reasoning that writers there are defending the level. It is a crowding observation, not a rule — the level holds until that open interest unwinds.

On the put side the weight is at 900 with 2,43,225 contracts, 14.2% of KFINTECH put open interest, 2.36% below spot. Put open interest concentrated below price is usually treated as support for the same reason, and breaks the same way.

Both sides are unusually concentrated — the top strike alone carries 27.3% of its side. A distribution that peaked tends to behave like a genuine pin while it lasts, and to move fast when it breaks, because there is little open interest at the next strike to slow it.

New to this? Read the Open Interest guide — how to read it, with worked examples.

What KFINTECH's PCR is saying

KFINTECH is carrying 17,12,350 contracts of put open interest against 34,20,100 of call, a put-call ratio of 0.50 — call-heavy positioning. PCR has no universally good value; it is read against its own recent range, and the direction it is moving carries more than the level.

It opened the session at 0.50 and has held to 0.50 — a move of 0.00. That is effectively flat: positioning has not changed sides today.

New to this? Read the PCR guide — how to read it, with worked examples.

KFINTECH against its max pain

Max pain for KFINTECH computes to 940, with spot at 922 — 1.97% below it. That strike is where the total value of all open contracts expiring would be lowest. It is arithmetic on the current open interest distribution, not a forecast, and the distribution keeps changing.

The curve is defined around it: the nearest strike either side costs writers 4.0% more than 940. A trough that distinct is a stronger reference than a flat basin, though it still describes positioning rather than predicting settlement.

There are 21 sessions to expiry. This far out the figure moves as positions roll, and it is least informative early in a series — worth watching for direction of travel rather than as a target.

New to this? Read the Max Pain guide — how to read it, with worked examples.

What changed in KFINTECH today

KFINTECH is not carrying enough open interest this session for a meaningful intraday flow read. The table above is the full picture the exchange feed gives for this underlying — on a thin book, a single trade can move a strike to the top of the list, so no level is called out here.

New to this? Read the OI Change guide — how to read it, with worked examples.

The move priced into KFINTECH

The at-the-money straddle on KFINTECH costs 55.75 — 32.50 for the call and 23.25 for the put at the 920 strike. That sum is what the market charges to be covered in either direction, which makes it the move being priced in: about 6.05% of spot, or roughly 864 to 976 by expiry on a breakeven basis.

The straddle has moved 0.0% since the open. That is close to flat, so today's decay and any volatility move have roughly offset.

Implied volatility at the money is 31.6% on the call and 31.0% on the put. The call carries 0.6 points more, which is the less common direction and points to upside being bid.

New to this? Read the ATM Premium guide — how to read it, with worked examples.