CIPLA CIPLA LTD
CIPLA LTD — on this desk since 2 Jan 2006.
Results meeting in 11 days Tue 27 Oct 2026, as the company announced it to NSE
Option chain
| Calls | Strike | Puts | ||||||
|---|---|---|---|---|---|---|---|---|
| What happened | Price | Change in OI | Open interest | Open interest | Change in OI | Price | What happened | |
| — | 110.50 | 0 | 425 | 1,22011 strikes away | wall5,44,850 | 0 | 0.55 | — |
| — | 100.67 | 0 | 1,700 | 1,230 | 41,650 | 0 | 0.34 | — |
| — | 90.95 | 0 | 1,700 | 1,240 | 1,86,150 | −4,250 | 1.35 | long unwinding |
| — | 81.39 | 0 | 2,550 | 1,250 | 1,22,825 | −2,550 | 1.02 | long unwinding |
| — | 72.06 | 0 | 850 | 1,260 | 1,03,700 | −28,475 | 2.90 | long unwinding |
| — | 63.03 | 0 | 2,550 | 1,270 | 1,33,025 | −10,625 | 4.20 | long unwinding |
| — | 54.39 | 0 | 5,950 | 1,280 | 93,500 | +13,600 | 6.10 | short build-up |
| — | 46.26 | 0 | 33,575 | 1,290 | 61,200 | +14,025 | 8.15 | short build-up |
| short covering | 36.00 | −16,150 | 1,44,075 | 1,300 | 4,50,075 | +14,025 | 10.85 | short build-up |
| short covering | 29.90 | −6,375 | 1,08,800 | 1,310 | 1,89,550 | −4,250 | 14.40 | long unwinding |
| short covering | 24.10 | −28,050 | 2,18,875 | 1,320 | 1,76,800 | +38,675 | 18.50 | short build-up |
| short covering | 18.85 | −33,150 | 1,52,150 | 1,330at the money | 88,825 | −10,625 | 23.55 | long unwinding |
| short covering | 14.70 | −19,975 | 3,32,775 | 1,340 | 3,68,900 | −3,400 | 29.25 | long unwinding |
| short covering | 11.30 | −14,450 | 4,05,875 | 1,350 | 2,46,500 | +5,100 | 34.20 | short build-up |
| short covering | 8.40 | −67,575 | 2,04,850 | 1,360 | 69,275 | −7,225 | 44.55 | long unwinding |
| long build-up | 6.35 | +8,500 | 1,73,400 | 1,370 | 47,600 | −425 | 45.88 | long unwinding |
| long build-up | 4.75 | +7,650 | 2,34,600 | 1,380 | 93,500 | −850 | 53.98 | long unwinding |
| long build-up | 3.50 | +5,950 | 1,91,250 | 1,390 | 74,800 | −850 | 62.55 | long unwinding |
| long build-up | 2.70 | +2,125 | 6,88,925 | 1,400 | 1,83,600 | 0 | 78.65 | — |
| long unwinding | 1.43 | −850 | 1,29,625 | 1,410 | 39,525 | 0 | 80.75 | — |
| short covering | 1.50 | −3,400 | 5,18,925 | 1,420 | 59,925 | 0 | 90.23 | — |
| — | 1.20 | −3,400 | 79,900 | 1,430 | 32,300 | 0 | 99.87 | — |
| long unwinding | 0.21 | −425 | 8,01,550wall | 1,45012 strikes away | 15,300 | 0 | 119.46 | — |
The options were priced for a move of about 3.2% by 27 Oct.
Open interest
Short cover: price rose and open interest fell.
For this stock, 370 of 656 times the close 5 sessions later was higher.
Across every F&O stock, 50,957 of 98,536 times the close 5 sessions later was higher.
Basis, rollover and the ban
The future traded 0.09% below the share.
Not in the F&O ban this session; open interest stood at 35% of its market-wide limit.
Implied volatility
The options were priced for a move of about 3.2% by 27 Oct; over the sessions the desk holds it ranged 1.3–6.5%.
Option prices were dearer than 60 of the past 252 sessions.
Puts were priced dearer than calls the same distance out.
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Implied and realised around results
- 23 Jul 2026: options priced about 4.0%; the share moved 0.3% by 24 Jul.
The futures, session by session
| session | futures | implied move | basis | ban |
|---|---|---|---|---|
| Thu 15 Oct | short cover | 3.2% | -0.09% | |
| Wed 14 Oct | short build | 3.4% | -0.11% | |
| Tue 13 Oct | long build | 3.6% | 0.14% | |
| Mon 12 Oct | long build | 4.1% | 0.47% | |
| Fri 9 Oct | long build | 4.2% | 0.61% | |
| Thu 8 Oct | short build | 4.5% | -0.11% | |
| Wed 7 Oct | short build | 4.4% | 0.77% | |
| Tue 6 Oct | long build | 4.4% | 0.72% | |
| Mon 5 Oct | long unwind | 4.7% | -0.09% | |
| Thu 1 Oct | long unwind | 4.9% | 0.60% | |
| Wed 30 Sep | long unwind | 5.0% | 0.83% | |
| Tue 29 Sep | short build | 4.6% | 0.69% | |
| Mon 28 Sep | short build | 4.6% | 0.72% | |
| Fri 25 Sep | short build | 1.3% | 0.17% | |
| Thu 24 Sep | long build | 1.7% | 0.26% | |
| Wed 23 Sep | long build | 1.6% | 0.06% | |
| Tue 22 Sep | short build | 1.9% | -0.18% | |
| Mon 21 Sep | long unwind | 2.0% | -0.13% | |
| Fri 18 Sep | short cover | 2.3% | -0.64% | |
| Thu 17 Sep | short cover | 2.5% | 0.30% |
After a name entered or left the ban
- Every F&O stock, on entering the ban: 755 of 1,496 times the close 5 sessions later was higher.
- Every F&O stock, on leaving it: 747 of 1,496 times the close 5 sessions later was higher.
Before comparing across time
Open interest is in shares. Traded volume is in contracts before July 2024 and in shares after, so volumes are not compared across that change.
The lot size changed from 375 to 425 on 29 Apr 2026; contracts either side are compared in shares, not lots.