ICICI Bank Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 1,200 | ₹— | —% | — | 0 | 14K |
| 0 | 0 | — | —% | ₹— | 1,220 | ₹— | —% | — | 0 | 21K |
| 0 | 0 | — | —% | ₹— | 1,240 | ₹— | —% | — | 0 | 22K |
| 22K | +2K | — | —% | ₹— | 1,260 | ₹— | —% | — | 0 | 18K |
| 6K | 0 | — | —% | ₹— | 1,280 | ₹— | —% | — | 0 | 33K |
| 700 | 0 | — | —% | ₹— | 1,290 | ₹— | —% | — | — | — |
| 46K | -700 | — | —% | ₹— | 1,300 | ₹— | —% | — | +4K | 3.1 L |
| 14K | -6K | — | —% | ₹— | 1,310 | ₹— | —% | — | +6K | 64K |
| 15K | 0 | — | —% | ₹— | 1,320 | ₹— | —% | — | 0 | 1.0 L |
| 5K | 0 | — | —% | ₹— | 1,330 | ₹— | —% | — | +6K | 2.5 L |
| 1.9 L | 0 | — | —% | ₹— | 1,340 | ₹— | —% | — | +10K | 9.6 L |
| 1.5 L | -4K | — | —% | ₹— | 1,350 | ₹— | —% | — | +10K | 5.7 L |
| 63K | -700 | — | —% | ₹— | 1,360 | ₹— | —% | — | +2K | 8.5 L |
| 43K | -700 | — | —% | ₹— | 1,370 | ₹— | —% | — | -62K | 13.3 L |
| 85K | -2K | — | —% | ₹— | 1,380 | ₹— | —% | — | -700 | 5.8 L |
| 99K | +11K | — | —% | ₹— | 1,390 | ₹— | —% | — | +11K | 3.0 L |
| 10.3 L | +17K | — | —% | ₹— | 1,400 | ₹— | —% | — | +1.5 L | 16.4 L |
| 4.1 L | +18K | — | —% | ₹— | 1,410 | ₹— | —% | — | +48K | 8.9 L |
| 10.5 L | -3K | — | —% | ₹— | 1,420 | ₹— | —% | — | +45K | 12.7 L |
| 10.3 L | +1.7 L | — | —% | ₹— | 1,430 | ₹— | —% | — | +1.5 L | 11.2 L |
| 31.2 L | +1.9 L | — | —% | ₹— | 1,440ATM | ₹— | —% | — | +1.1 L | 14.0 L |
| 32.6 L | -1.5 L | — | —% | ₹— | 1,450 | ₹— | —% | — | -7K | 11.5 L |
| 15.5 L | +25K | — | —% | ₹— | 1,460 | ₹— | —% | — | -53K | 4.5 L |
| 21.1 L | -12K | — | —% | ₹— | 1,470 | ₹— | —% | — | +41K | 2.7 L |
| 16.3 L | +87K | — | —% | ₹— | 1,480 | ₹— | —% | — | +22K | 4.3 L |
| 6.0 L | +35K | — | —% | ₹— | 1,490 | ₹— | —% | — | +700 | 3.2 L |
| 22.6 L | +1.2 L | — | —% | ₹— | 1,500 | ₹— | —% | — | -11K | 7.3 L |
| 4.1 L | -74K | — | —% | ₹— | 1,510 | ₹— | —% | — | 0 | 8K |
| 3.5 L | -10K | — | —% | ₹— | 1,520 | ₹— | —% | — | 0 | 1K |
| 1.9 L | -5K | — | —% | ₹— | 1,530 | ₹— | —% | — | 0 | 6K |
| 6.5 L | +3K | — | —% | ₹— | 1,540 | ₹— | —% | — | 0 | 32K |
| 9.8 L | -3K | — | —% | ₹— | 1,550 | ₹— | —% | — | 0 | 0 |
| 1.3 L | -12K | — | —% | ₹— | 1,560 | ₹— | —% | — | 0 | 10K |
| 41K | +1K | — | —% | ₹— | 1,570 | ₹— | —% | — | 0 | 0 |
| 1.2 L | -1K | — | —% | ₹— | 1,580 | ₹— | —% | — | 0 | 0 |
| 4.9 L | -12K | — | —% | ₹— | 1,600 | ₹— | —% | — | 0 | 15K |
| 6K | +700 | — | —% | ₹— | 1,620 | ₹— | —% | — | 0 | 4K |
| 22K | 0 | — | —% | ₹— | 1,640 | ₹— | —% | — | 0 | 0 |
| 20K | 0 | — | —% | ₹— | 1,660 | ₹— | —% | — | +13K | 29K |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
Live Greeks Panel
Key Strike Levels
Open interest clusters at 1,430 and 1,440 for calls and at 1,430 and 1,400 for puts, suggesting the market expects price action to oscillate between roughly ₹1,400 – ₹1,440 over the next 25 days. The highest call OI sits at the 1,440 strike, acting as a resistance ceiling, while the highest put OI sits at the 1,430 strike, forming a support floor. Together these levels bracket the spot price of ₹1,423.2, defining the current implied range.
OI Buildup Activity
Fresh open‑interest inflows dominate the 1,440 call (+1,89,700 contracts), the 1,430 call (+1,69,400 contracts), and the 1,500 call (+1,13,400 contracts), indicating aggressive positioning by option writers near the upper edge of the range. On the put side, the 1,430 strike gains (+1,53,300 contracts), followed by 1,400 (+1,47,000 contracts) and 1,440 (+1,03,600 contracts), reflecting defensive accumulation beneath the spot. These additions point to a balanced buildup of both hedgers and speculators across the identified support‑resistance band.
Volatility Read
The at‑the‑money implied volatility stands at 15.19 %, slightly above the historical average for this series. The volatility skew is bearish, meaning out‑of‑the‑money puts exhibit relatively higher IV than comparable calls.
Key OI Levels
The largest open‑interest concentrations are observed at the 1,440 call (resistance) and the 1,430 put (support).