Bandhan Bank Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 130 | ₹— | —% | — | 0 | 0 |
| 22K | +11K | — | —% | ₹— | 140 | ₹— | —% | — | 0 | 3.1 L |
| 0 | 0 | — | —% | ₹— | 145 | ₹— | —% | — | 0 | 0 |
| 1.9 L | +4K | — | —% | ₹— | 150 | ₹— | —% | — | -1.3 L | 11.9 L |
| 1.4 L | +22K | — | —% | ₹— | 155 | ₹— | —% | — | -43K | 10.0 L |
| 11.1 L | -40K | — | —% | ₹— | 160 | ₹— | —% | — | +50K | 28.2 L |
| 27.2 L | +1.3 L | — | —% | ₹— | 165 | ₹— | —% | — | +83K | 29.4 L |
| 40.6 L | +90K | — | —% | ₹— | 170 | ₹— | —% | — | +32K | 35.9 L |
| 37.5 L | +90K | — | —% | ₹— | 175 | ₹— | —% | — | -25K | 17.4 L |
| 80.6 L | +72K | — | —% | ₹— | 180ATM | ₹— | —% | — | -22K | 24.9 L |
| 16.0 L | -43K | — | —% | ₹— | 185 | ₹— | —% | — | 0 | 6.8 L |
| 34.7 L | 0 | — | —% | ₹— | 190 | ₹— | —% | — | +4K | 12.2 L |
| 5.0 L | 0 | — | —% | ₹— | 195 | ₹— | —% | — | 0 | 79K |
| 21.9 L | +7K | — | —% | ₹— | 200 | ₹— | —% | — | +4K | 8.3 L |
| 3.9 L | -4K | — | —% | ₹— | 210 | ₹— | —% | — | 0 | 5.9 L |
| 61K | 0 | — | —% | ₹— | 220 | ₹— | —% | — | — | — |
| 4K | 0 | — | —% | ₹— | 230 | ₹— | —% | — | — | — |
| 7K | 0 | — | —% | ₹— | 240 | ₹— | —% | — | — | — |
| 47K | 0 | — | —% | ₹— | 260 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
Live Greeks Panel
Key Strike Levels
The open‑interest (OI) profile shows a tight band around the ₹165‑₹175 region, indicating that market participants view this range as the most probable settlement zone for the September expiry. The highest call OI sits at the ₹165 strike, while put OI peaks at ₹165 as well, forming a classic “double‑dip” support‑resistance structure. Consequently, the implied price corridor for the contract is centred near the current spot of ₹164.95, with the upper boundary anchored by the strong ₹175 call OI and the lower boundary supported by the ₹160 put OI.
OI Buildup Activity
During the last monitoring window, fresh call OI accumulates most aggressively at ₹165 (+1 29,600 contracts), followed by ₹175 (+93,600) and ₹170 (+90,000). On the put side, the most significant additions appear at ₹165 (+86,400), then ₹160 (+50,400) and ₹170 (+32,400). The symmetric inflow at the ₹165 strike suggests that market makers are reinforcing both the resistance and support clusters, likely to hedge their directional exposure. Overall, the OI buildup reflects a balanced positioning between bullish and bearish participants, with a slight tilt toward the upper‑strike calls.
Volatility Read
The at‑the‑money implied volatility stands at 25.03%, indicating moderate pricing of forward uncertainty for the September series. The observed volatility skew is bearish, meaning out‑of‑the‑money puts are priced higher relative to calls, which often signals market concern over downside risk.
Key OI Levels
The strikes with the highest OI concentrations are ₹165 for both calls (100 contracts) and puts (100 contracts), serving as the primary resistance and support pillars.