Bank of Maharashtra

NSE: MAHABANKFinancial ServicesLot size: 6500

Bank of Maharashtra Option Chain Analysis

2026-09-292026-10-272026-11-23
Total CE OI
2.34 Cr
Total PE OI
1.01 Cr
PCR
0.43Bearish
CE OIChgVolIVLTPStrikeLTPIVVolChgPE OI
00%70%00
00%72%00
00%74%07K
00%75%-13K6.6 L
00%76%065K
00%77%00
00%78%-7K2.1 L
00%79%00
4.9 L0%80%-39K17.1 L
26K0%81%-7K26K
72K+33K%82%+7K4.0 L
3.7 L+13K%83%+78K7.1 L
4.5 L-26K%84%-33K7.5 L
27.0 L-3.3 L%85%-1.1 L24.7 L
12.8 L-98K%86%-91K18.8 L
25.8 L+5.3 L%87%+2.9 L7.0 L
10.9 L-39K%88%-78K3.4 L
2.6 L+13K%89%00
83.2 L+1.2 L%90ATM%+20K1.2 L
1.3 L-7K%91%00
15.9 L0%92%00
7.2 L-91K%93%00
3.6 L+98K%94%00
24.6 L-3.8 L%95%00
65K0%96%00
00%97%00
4.3 L-33K%98%+78K78K

Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.

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Key Strike Levels

The open‑interest (OI) profile clusters around the ₹85‑90 band, with the largest CE stack at ₹85 and the largest PE stack also at ₹85, indicating a tight resistance‑support corridor. The ATM strike (₹86) sits just below the ceiling of the call‑heavy zone, while the put‑heavy zone centres around ₹83‑85, suggesting the market’s implied range is roughly ₹80‑90. The concentration of OI at these levels reinforces the notion that traders expect price action to stay within this interval through expiry.

OI Buildup Activity

During the latest session, fresh call OI adds appear at ₹87 (+5 contracts, 33 k), ₹90 (+1 contract, 117 k) and ₹94 (+0.97 k), reflecting new bullish positioning near the upper edge of the range. On the put side, significant accumulation occurs at ₹87 (+2.92 k) and a modest build at ₹83 (+52 k), indicating defensive bets just below the current spot. The pattern of additions shows writers and takers concentrating around the same strike bands, with no single strike dominating the new flow beyond the established peaks.

Volatility Read

The at‑the‑money implied volatility stands at 29.71 %, a level that is moderately elevated for this instrument. The volatility skew is bearish, meaning out‑of‑the‑money puts are priced higher relative to calls, hinting that market participants price a greater downside risk.

Key OI Levels

The highest call OI concentrates at ₹85 (100 k) and the highest put OI at ₹85 (100 k), marking the primary resistance and support pillars for the underlying.

Frequently Asked Questions

What is the highest call OI strike for Bank of Maharashtra today?
The strike with highest call (CE) open interest for Bank of Maharashtra is ₹90 for the 2026-09-29 expiry. This acts as a key resistance level since call writers will defend this strike aggressively near expiry.
What is the highest put OI strike for Bank of Maharashtra today?
The strike with highest put (PE) open interest for Bank of Maharashtra is ₹85 for the 2026-09-29 expiry. This acts as a key support level — put writers will tend to defend this level near expiry.
What does OI buildup in Bank of Maharashtra options mean?
Open Interest (OI) buildup in Bank of Maharashtra options shows how many net new contracts are being created at each strike. Rising OI at a strike means fresh positions (writers or buyers). Rising OI with rising price = long buildup (bullish); rising OI with falling price = short buildup (bearish).
When does Bank of Maharashtra options expire?
Bank of Maharashtra options have their nearest expiry on 2026-09-29. NSE F&O stocks have monthly expiry contracts — typically the last Tuesday of each month. MarketNetra shows data for the nearest two expiries.
How to read Bank of Maharashtra option chain?
The Bank of Maharashtra option chain shows calls (CE) on the left and puts (PE) on the right for each strike price. Key columns: OI (total open contracts), OI Change (new positions today), Volume (today's trades), IV (implied volatility — higher = more uncertainty), and LTP (last traded price). The ATM (at-the-money) strike is highlighted in blue.