Bank of India Open Interest & PCR Analysis

OI Buildup Pattern

The open‑interest for the combined expiry remains flat at 1,51,37,200 contracts while the underlying price is unchanged at ₹132.9, indicating a market that is neither expanding nor contracting in size across institutional and retail participants. With price stability and no net change in OI, the market exhibits a neutral buildup, indicating that neither long nor short participants are adding fresh directional exposure and that no bullish or bearish bias is gaining traction. This pattern suggests that existing traders are holding their current exposure rather than initiating new speculative bets, consequently keeping volatility expectations subdued as participants adopt a wait‑and‑see approach.

Put‑Call Ratio

The put‑call ratio stands at 0.889, marginally above yesterday’s 0.836, reflecting a slight increase in put demand relative to call demand that may be driven by cautious hedging activity. The modest rise keeps the ratio below one, implying that option writers maintain a call‑biased sentiment despite the small shift and that optimism about near‑term upside potential remains prevailing.

Futures OI

Futures open‑interest registers zero change for the day, confirming that futures participants are not altering their net positions and are essentially flat, a profile that typically signals that outstanding positions are being carried forward without new inflows or exits. The unchanged futures OI reinforces the overall neutral stance observed in the options market and underscores the lack of new speculative thrust, mirroring the same neutral disposition.

Data Summary

Total call OI of 1,34,57,600 contracts dominates the overall open‑interest, highlighting a call‑heavy composition for this expiry and underscoring the market’s inclination toward bullish positioning despite the overall neutral OI dynamics.