ICICI Bank Limited Option Chain Analysis
2026-04-282026-05-26
Total CE OI
2.64 Cr
Total PE OI
2.19 Cr
PCR
0.83
Neutral
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 680 | ₹— | 15.3% | — | — | — |
| — | — | — | —% | ₹— | 700 | ₹— | 14.6% | — | — | — |
| — | — | — | —% | ₹— | 720 | ₹— | 14.0% | — | — | — |
| — | — | — | —% | ₹— | 740 | ₹— | 13.4% | — | — | — |
| — | — | — | —% | ₹— | 760 | ₹— | 12.8% | — | — | — |
| — | — | — | —% | ₹— | 780 | ₹— | 12.2% | — | — | — |
| — | — | — | —% | ₹— | 800 | ₹— | 11.7% | — | — | — |
| — | — | — | —% | ₹— | 820 | ₹— | 11.1% | — | — | — |
| — | — | — | —% | ₹— | 840 | ₹— | 10.6% | — | — | — |
| — | — | — | —% | ₹— | 850 | ₹— | 10.3% | — | — | — |
| — | — | — | —% | ₹— | 860 | ₹— | 10.1% | — | — | — |
| — | — | — | —% | ₹— | 870 | ₹— | 9.8% | — | — | — |
| — | — | — | —% | ₹— | 880 | ₹— | 9.6% | — | — | — |
| — | — | — | —% | ₹— | 890 | ₹— | 9.3% | — | — | — |
| — | — | — | —% | ₹— | 900 | ₹— | 9.1% | — | — | — |
| — | — | — | —% | ₹— | 910 | ₹— | 8.8% | — | — | — |
| — | — | — | —% | ₹— | 920 | ₹— | 8.6% | — | — | — |
| — | — | — | —% | ₹— | 930 | ₹— | 8.4% | — | — | — |
| — | — | — | —% | ₹— | 940 | ₹— | 8.1% | — | — | — |
| — | — | — | —% | ₹— | 950 | ₹— | 7.9% | — | — | — |
| — | — | — | —% | ₹— | 960 | ₹— | 7.7% | — | — | — |
| — | — | — | —% | ₹— | 970 | ₹— | 7.4% | — | — | — |
| — | — | — | —% | ₹— | 980 | ₹— | 7.2% | — | — | — |
| — | — | — | —% | ₹— | 990 | ₹— | 7.0% | — | — | — |
| — | — | — | —% | ₹— | 1,000 | ₹— | 6.8% | — | — | — |
| — | — | — | —% | ₹— | 1,010 | ₹— | 6.5% | — | — | — |
| — | — | — | —% | ₹357.10 | 1,020 | ₹0.10 | 77.9% | 65K | -4K | 2.5 L |
| — | — | — | —% | ₹— | 1,030 | ₹— | 6.1% | — | — | — |
| 700 | 0 | 700 | —% | ₹341.00 | 1,040 | ₹0.15 | 75.2% | 6K | -5K | 1.1 L |
| — | — | — | —% | ₹— | 1,050 | ₹— | 5.7% | — | — | — |
| — | — | — | —% | ₹317.85 | 1,060 | ₹0.10 | 69.0% | 8K | -6K | 1.0 L |
| — | — | — | —% | ₹— | 1,070 | ₹— | 5.3% | — | — | — |
| 700 | +700 | — | 111.3% | ₹284.90 | 1,080 | ₹0.05 | 58.8% | 2K | 0 | 3.8 L |
| — | — | — | —% | ₹307.35 | 1,090 | ₹0.80 | 72.9% | — | 0 | 31K |
| 4.0 L | 0 | — | —% | ₹245.00 | 1,100 | ₹0.05 | 56.1% | 35K | -4K | 6.0 L |
| — | — | — | —% | ₹287.65 | 1,110 | ₹0.10 | 54.5% | 6K | 0 | 77K |
| — | — | — | —% | ₹259.60 | 1,120 | ₹0.10 | 54.5% | 3K | 0 | 36K |
| 700 | +700 | — | —% | ₹180.00 | 1,130 | ₹0.20 | 53.2% | — | 0 | 87K |
| 43K | 0 | — | —% | ₹168.15 | 1,140 | ₹0.15 | 54.3% | 19K | -12K | 66K |
| 2.3 L | -700 | 2K | —% | ₹230.50 | 1,150 | ₹0.15 | 52.2% | 27K | -15K | 2.5 L |
| 700 | 0 | — | —% | ₹151.70 | 1,160 | ₹0.15 | 48.6% | 69K | -37K | 2.7 L |
| 4K | 0 | — | —% | ₹68.55 | 1,170 | ₹0.25 | 50.5% | 81K | -27K | 2.0 L |
| 1.7 L | 0 | — | —% | ₹176.00 | 1,180 | ₹0.20 | 47.5% | 88K | -32K | 1.4 L |
| 88K | 0 | — | —% | ₹165.60 | 1,190 | ₹0.25 | 45.1% | 32K | -9K | 1.8 L |
| 3.7 L | -1K | 18K | —% | ₹187.60 | 1,200 | ₹0.25 | 44.2% | 2.0 L | -69K | 6.7 L |
| 2.4 L | -700 | 1K | —% | ₹172.90 | 1,210 | ₹0.30 | 42.6% | 20K | +4K | 2.9 L |
| 9.3 L | -700 | 4K | —% | ₹161.00 | 1,220 | ₹0.40 | 41.9% | 1.5 L | -14K | 7.4 L |
| 4.8 L | -8K | 13K | —% | ₹156.05 | 1,230 | ₹0.35 | 39.2% | 69K | -20K | 2.2 L |
| 5.3 L | 0 | 4K | —% | ₹145.00 | 1,240 | ₹0.40 | 36.7% | 1.5 L | +5K | 5.0 L |
| 3.9 L | -29K | 74K | —% | ₹135.90 | 1,250 | ₹0.50 | 36.2% | 6.0 L | -1.8 L | 5.8 L |
| 5.1 L | -55K | 1.3 L | —% | ₹127.00 | 1,260 | ₹0.60 | 34.5% | 3.3 L | -43K | 3.9 L |
| 4.4 L | +24K | 43K | —% | ₹117.75 | 1,270 | ₹0.65 | 33.3% | 1.5 L | +6K | 3.5 L |
| 3.3 L | -20K | 44K | —% | ₹107.50 | 1,280 | ₹0.85 | 32.3% | 4.5 L | -2.0 L | 7.9 L |
| 1.6 L | 0 | 700 | —% | ₹94.35 | 1,290 | ₹0.95 | 30.4% | 3.8 L | +77K | 4.9 L |
| 14.9 L | -84K | 2.5 L | —% | ₹87.40 | 1,300 | ₹1.05 | 28.4% | 19.0 L | -36K | 23.3 L |
| 2.5 L | -15K | 43K | —% | ₹73.90 | 1,310 | ₹1.40 | 27.4% | 11.3 L | -2.3 L | 6.8 L |
| 5.6 L | -58K | 1.5 L | —% | ₹68.40 | 1,320 | ₹1.70 | 25.7% | 28.5 L | -98K | 6.3 L |
| 3.5 L | -1.4 L | 3.6 L | —% | ₹57.75 | 1,330 | ₹2.40 | 25.0% | 29.0 L | -1.5 L | 8.0 L |
| 5.5 L | -4.0 L | 14.9 L | —% | ₹50.05 | 1,340 | ₹3.25 | 23.9% | 30.5 L | +27K | 15.1 L |
| 13.3 L | -10.7 L | 38.2 L | 13.9% | ₹41.00 | 1,350 | ₹4.50 | 23.1% | 52.6 L | +1.4 L | 16.3 L |
| 20.6 L | -8.6 L | 61.7 L | 16.3% | ₹33.00 | 1,360 | ₹6.20 | 22.2% | 51.8 L | +3.4 L | 13.9 L |
| 11.6 L | -19.9 L | 87.3 L | 16.5% | ₹25.40 | 1,370 | ₹8.85 | 22.0% | 56.8 L | +5.9 L | 13.2 L |
| 19.3 L | -4.8 L | 1.19 Cr | 17.2% | ₹19.10 | 1,380 | ₹12.40 | 21.8% | 53.0 L | +7.3 L | 15.4 L |
| 14.3 L | +1.1 L | 52.4 L | 17.2% | ₹13.60 | 1,390 | ₹17.00 | 21.9% | 19.9 L | +4.0 L | 7.4 L |
| 40.0 L | -7.2 L | 1.15 Cr | 17.5% | ₹9.30 | 1,400ATM | ₹22.70 | 22.1% | 12.3 L | +2.2 L | 12.0 L |
| 6.6 L | +12K | 24.7 L | 17.8% | ₹6.35 | 1,410 | ₹29.45 | 22.5% | 3.4 L | +32K | 1.1 L |
| 7.1 L | -34K | 28.9 L | 18.7% | ₹4.40 | 1,420 | ₹37.35 | 23.9% | 1.2 L | -4K | 46K |
| 4.7 L | -77K | 18.7 L | 19.4% | ₹3.05 | 1,430 | ₹64.40 | —% | — | — | — |
| 7.3 L | +27K | 7.8 L | 20.5% | ₹2.25 | 1,440 | ₹58.65 | 28.3% | 11K | +4K | 10K |
| 11.3 L | -2.6 L | 12.0 L | 21.4% | ₹1.60 | 1,450 | ₹66.60 | 30.4% | 18K | -700 | 53K |
| 6.3 L | -44K | 4.1 L | 22.0% | ₹1.10 | 1,460 | ₹75.60 | 31.3% | 1K | 0 | 3K |
| 3.9 L | +24K | 2.8 L | 23.7% | ₹0.85 | 1,470 | ₹111.00 | 24.5% | — | 0 | 4K |
| 2.1 L | -81K | 3.1 L | 24.6% | ₹0.65 | 1,480 | ₹118.55 | —% | — | — | — |
| 66K | -1K | 22K | 26.1% | ₹0.55 | 1,490 | ₹105.75 | —% | — | — | — |
| 7.1 L | -66K | 2.7 L | 26.3% | ₹0.40 | 1,500 | ₹125.00 | 37.0% | 5K | 0 | 1.1 L |
| 32K | 0 | 5K | 27.8% | ₹0.20 | 1,510 | ₹121.45 | —% | — | — | — |
| 49K | +2K | 22K | 29.1% | ₹0.30 | 1,520 | ₹149.95 | —% | — | — | — |
| — | — | — | 2.6% | ₹— | 1,530 | ₹— | —% | — | — | — |
| 36K | 0 | — | 38.9% | ₹0.35 | 1,540 | ₹166.60 | —% | — | — | — |
| — | — | — | 2.9% | ₹— | 1,550 | ₹— | —% | — | — | — |
| — | — | — | 79.6% | ₹9.15 | 1,560 | ₹183.85 | —% | — | — | — |
| — | — | — | 3.2% | ₹— | 1,570 | ₹— | —% | — | — | — |
| — | — | — | 79.2% | ₹7.15 | 1,580 | ₹201.55 | —% | — | — | — |
| — | — | — | 3.5% | ₹— | 1,590 | ₹— | —% | — | — | — |
| 92K | -4K | 16K | 37.8% | ₹0.10 | 1,600 | ₹340.00 | 234.6% | — | 0 | 2K |
| — | — | — | 3.7% | ₹— | 1,610 | ₹— | —% | — | — | — |
| — | — | — | 3.9% | ₹— | 1,620 | ₹— | —% | — | — | — |
| — | — | — | 4.0% | ₹— | 1,630 | ₹— | —% | — | — | — |
| — | — | — | 78.3% | ₹3.25 | 1,640 | ₹256.75 | —% | — | — | — |
| — | — | — | 4.3% | ₹— | 1,650 | ₹— | —% | — | — | — |
| — | — | — | 4.4% | ₹— | 1,660 | ₹— | —% | — | — | — |
| — | — | — | 4.5% | ₹— | 1,670 | ₹— | —% | — | — | — |
| — | — | — | 4.7% | ₹— | 1,680 | ₹— | —% | — | — | — |
| — | — | — | 4.8% | ₹— | 1,690 | ₹— | —% | — | — | — |
| — | — | — | 4.9% | ₹— | 1,700 | ₹— | —% | — | — | — |
| — | — | — | 5.1% | ₹— | 1,710 | ₹— | —% | — | — | — |
| — | — | — | 5.2% | ₹— | 1,720 | ₹— | —% | — | — | — |
| — | — | — | 5.5% | ₹— | 1,740 | ₹— | —% | — | — | — |
| — | — | — | 5.7% | ₹— | 1,760 | ₹— | —% | — | — | — |
| — | — | — | 6.0% | ₹— | 1,780 | ₹— | —% | — | — | — |
| — | — | — | 6.2% | ₹— | 1,800 | ₹— | —% | — | — | — |
| — | — | — | 6.4% | ₹— | 1,820 | ₹— | —% | — | — | — |
| — | — | — | 6.7% | ₹— | 1,840 | ₹— | —% | — | — | — |
| — | — | — | 6.9% | ₹— | 1,860 | ₹— | —% | — | — | — |
| — | — | — | 7.2% | ₹— | 1,880 | ₹— | —% | — | — | — |
| — | — | — | 7.4% | ₹— | 1,900 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
AI AnalysisGenerated daily after market close · AI-powered
Key Strike Levels
Strong put and call OI concentrations at 1000 create psychological support and resistance, though price action remains distant from these extremes. Immediate resistance forms at 1390, backed by a surge in CE OI, while 1370–1380 acts as near-term demand zone. The implied range centers around 1370–1390, with spot trading near midpoint at ₹1385.8.
OI Buildup Activity
Fresh longs dominate both sides, signaling indecision: calls added at 1390 (+1,09,200) suggest writers are testing upside, while massive put buildup at 1380 (+7,19,600) reflects strong downside hedging. Notable longs at 1270 CE indicate deep-out-of-money speculation on sustained bullish momentum. Concurrent longs at 1390 PE suggest some traders are protecting short call positions or expecting failed breakout attempts.
Volatility Read
ATM IV holds at 17.57% with neutral skew, indicating balanced risk pricing and no panic in options pricing. Absence of skew suggests writers aren't charging premiums for tail risk, reinforcing range-bound expectations.
Strategy Implication
Bias favors range-bound action with sharp reactivity at 1370–1390, favoring short strangles or long butterflies near boundaries.
Related Analysis
Frequently Asked Questions
What is the highest call OI strike for ICICI Bank Limited today?▾
The strike with highest call (CE) open interest for ICICI Bank Limited is ₹1,400 for the 2026-04-28 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 ICICI Bank Limited today?▾
The strike with highest put (PE) open interest for ICICI Bank Limited is ₹1,300 for the 2026-04-28 expiry. This acts as a key support level — put writers will tend to defend this level near expiry.
What does OI buildup in ICICI Bank Limited options mean?▾
Open Interest (OI) buildup in ICICI Bank Limited 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 ICICI Bank Limited options expire?▾
ICICI Bank Limited options have their nearest expiry on 2026-04-28. 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 ICICI Bank Limited option chain?▾
The ICICI Bank Limited 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.