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DRREDDY at a glance
| Stock | Spot | Day change | PCR | Put / call wall | Max pain | Verdict |
|---|---|---|---|---|---|---|
| DRREDDY | 1334.80 | n/a | 1.06 | 1300 / 1400 | 1300 | Direction 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 553.44Cr, above the Rs 150.00Cr floor; Traded volume in that window is Rs 1083.94Cr, 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 10.1% of total Open Interest, within the 40% ceiling; Both at-the-money legs have a premium, so the straddle is priced; 85 strikes are listed.
DRREDDY — Direction not established
Not enough matched session positioning for a direction
- The dayDRREDDY at 1334.8 · PCR 1.06 full expiry, 0.80 on screen
- The positionsPut wall 1300 (5.37L, +1.27L today) · Call wall 1400 (5.03L, +23.8K today) · 1.66 puts added per call today
- The tradingBusiest 1320 (22.07L traded) · no leg changed both premium and Open Interest over today, against the previous session
Where DRREDDY sits against its walls
- Above the call wallSustained trade above 1400 (+65.2 from spot). Next call Open Interest above: 1420 (1.94L).
- Between the walls · spot is hereSpot between 1300 and 1400, now 35% of the way up. Max pain 1300 (−34.8 from spot).
- Below the put wallSustained trade below 1300 (−34.8 from spot). Next put Open Interest below: 1200 (4.73L).
Levels
| Level | Price | From spot | Open Interest |
|---|---|---|---|
| Call wall | 1400 | +65 (+4.88%) | 5.03L |
| Move range high | 1394 | +60 (+4.46%) | — |
| Next call wall | 1350 | +15 (+1.14%) | 3.32L |
| Spot | 1335 | — | — |
| Gamma flip | 1303 | −32 (−2.39%) | — |
| Put wall | 1300 | −35 (−2.61%) | 5.37L |
| Max pain | 1300 | −35 (−2.61%) | — |
| Next put wall | 1280 | −55 (−4.11%) | 4.38L |
| Move range low | 1275 | −60 (−4.46%) | — |
The move being priced
The ATM straddle prices a move of about ±60 to expiry, a range of 1275 to 1394, at an ATM implied volatility of 24.8%. 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%) · 21 Call, 17 Put
- Positioning leanNot measured
- DRREDDY 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, 1230 to 1430 · Full expiry, 85 strikes, 640 to 1860
DRREDDY on the live tools
This article is the read. These pages are the terminal, each opening on DRREDDY.