ONGC Analysis · Active

ONGC Options — Where Positioning Sits Today

ONGC, read from the same option-chain engine as the live chain — data as of 3:22 pm IST. Every figure is measured from the saved chain; where a reading cannot be formed, the page says so instead of guessing.

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Update 3:15 pm · data as of 3:22 pm IST · Analysis only · Sahi does not provide investment advice

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ONGC at a glance

StockSpotDay changePCRPut / call wallMax painVerdict
ONGC223.88n/a0.74220 / 230230Direction not established

Comparison window: session. PCR is full-expiry Open Interest, puts ÷ calls. The walls are the largest put Open Interest at or below spot and the largest call Open Interest at or above it.

Why this stock has the detailed view: Decided from the latest snapshot alone (no ledger of at least 3 sessions yet); Open interest within 5 strikes of the money is Rs 519.70Cr, above the Rs 150.00Cr floor; Traded volume in that window is Rs 414.77Cr, above the Rs 100.00Cr floor; 11 of 11 near-the-money strikes carry real Open Interest and traded volume, at least 7 needed; The top strike holds 22.2% of total Open Interest, within the 40% ceiling; Both at-the-money legs have a premium, so the straddle is priced; 54 strikes are listed.

ONGC — Direction not established

Not enough matched session positioning for a direction

  • The dayONGC at 223.88 · PCR 0.74 full expiry, 0.77 on screen
  • The positionsPut wall 220 (43.36L, +60.8K today) · Call wall 230 (47.34L, +5.76L today) · 0.31 puts added per call today
  • The tradingBusiest 225 (57.56L traded) · no leg changed both premium and Open Interest over today, against the previous session

Where ONGC sits against its walls

  • Above the call wallSustained trade above 230 (+6.12 from spot). Next call Open Interest above: 240 (41.00L).
  • Between the walls · spot is hereSpot between 220 and 230, now 39% of the way up. Max pain 230 (+6.12 from spot).
  • Below the put wallSustained trade below 220 (−3.88 from spot). Next put Open Interest below: 210 (7.25L).

Levels

LevelPriceFrom spotOpen Interest
Next call wall240+16 (+7.20%)41.00L
Move range high233+10 (+4.27%)—
Call wall230+6 (+2.73%)47.34L
Max pain230+6 (+2.73%)—
Spot224——
Put wall220−4 (−1.73%)43.36L
Gamma flip220−4 (−1.83%)—
Move range low214−10 (−4.27%)—
Next put wall210−14 (−6.20%)7.25L

The move being priced

The ATM straddle prices a move of about ±10 to expiry, a range of 214 to 233, at an ATM implied volatility of 23.7%. This is a pricing convention, not a forecast.

How this verdict was reached

  • Comparison windowSession, previous close to 3:22 pm
  • Legs matched38 of 42 (90%) · 17 Call, 21 Put
  • Positioning leanNot measured
  • ONGC vs previous closeNo previous close
  • ResultDirection not established

What is uncertain

  • 4 of 42 displayed legs have no matched session reading.
  • The previous close for the immediately preceding session is not available, so the day change is left unknown rather than measured against an older date.

Expiry 2026-11-23 · 21 displayed strikes, 200 to 250 · Full expiry, 54 strikes, 115 to 335

ONGC on the live tools

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