Hindustan Aeronautics Ltd (HAL) posted strong Q2 results today, with a 22% rise in net profit to ₹1,510 crore, pushing shares up over 2% on the NSE to ₹4,148.85. With this momentum, options traders are keeping a close eye on HAL. But how do you leverage Upstox Pro’s Option Chain to act on this?
The Option Chain feature on Upstox Pro lets you dive into detailed insights. For HAL, the strike price at 4,100 shows a PCR of 1.0, with the call options’ open interest at 4.59 lakhs and the put side at 4.6 lakhs. The 4,200 strike price highlights strong put-side activity with an OI of 3.79 lakhs, suggesting a key level to watch (see picture below for reference).
Here’s how you can make most of Upstox Pro’s ‘Option Chain’ feature:
- Log In: Access your Upstox account and select HAL from the list.
- Click on the ‘Option Chain’ tab: Check strike prices, open interest (OI), and implied volatility across call and put options.
- Customise it: Customise your Option Chain by clicking on the ‘Setting’ icon, reorder and rearrange the Option Chain key data points as you wish and click on ‘Save’.
- Place Orders Efficiently: Tap a strike price to open buy/sell options or use GTT orders for automated trades.
Whether you’re targeting quick trades or considering longer-term holds, Upstox Pro’s Option Chain offers a streamlined approach to capitalise on Earnings-driven market moves.
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Have more questions regarding this feature? Check out our FAQ post on Option Chain.