Indian Bank Option Chain Analysis
2026-04-282026-05-26
Total CE OI
72.3 L
Total PE OI
34.4 L
PCR
0.48
Bearish
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 440 | ₹— | 16.5% | — | — | — |
| — | — | — | —% | ₹— | 460 | ₹— | 15.5% | — | — | — |
| — | — | — | —% | ₹— | 480 | ₹— | 14.6% | — | — | — |
| — | — | — | —% | ₹— | 500 | ₹— | 13.7% | — | — | — |
| — | — | — | —% | ₹— | 520 | ₹— | 12.8% | — | — | — |
| — | — | — | —% | ₹— | 540 | ₹— | 12.0% | — | — | — |
| — | — | — | —% | ₹— | 560 | ₹— | 11.2% | — | — | — |
| — | — | — | —% | ₹— | 580 | ₹— | 10.4% | — | — | — |
| — | — | — | —% | ₹— | 600 | ₹— | 9.7% | — | — | — |
| — | — | — | —% | ₹— | 610 | ₹— | 9.3% | — | — | — |
| — | — | — | —% | ₹— | 620 | ₹— | 8.9% | — | — | — |
| — | — | — | —% | ₹— | 630 | ₹— | 8.6% | — | — | — |
| — | — | — | —% | ₹— | 640 | ₹— | 8.2% | — | — | — |
| — | — | — | —% | ₹— | 650 | ₹— | 7.9% | — | — | — |
| — | — | — | —% | ₹— | 660 | ₹— | 7.6% | — | — | — |
| — | — | — | —% | ₹— | 670 | ₹— | 7.2% | — | — | — |
| — | — | — | —% | ₹— | 680 | ₹— | 6.9% | — | — | — |
| — | — | — | —% | ₹— | 690 | ₹— | 6.6% | — | — | — |
| 1K | +1K | — | —% | ₹256.00 | 700 | ₹0.55 | —% | — | 0 | 19K |
| — | — | — | —% | ₹237.55 | 710 | ₹1.35 | —% | — | — | — |
| 3K | 0 | — | —% | ₹217.00 | 720 | ₹0.25 | 74.9% | — | 0 | 31K |
| — | — | — | —% | ₹218.60 | 730 | ₹2.15 | 99.5% | — | — | — |
| 2K | 0 | — | —% | ₹251.95 | 740 | ₹11.00 | —% | — | 0 | 1K |
| — | — | — | —% | ₹246.70 | 750 | ₹0.40 | 68.3% | — | 0 | 52K |
| — | — | — | —% | ₹145.55 | 760 | ₹1.20 | 76.7% | — | 0 | 15K |
| — | — | — | —% | ₹228.05 | 770 | ₹3.40 | 89.6% | — | — | — |
| — | — | — | —% | ₹130.80 | 780 | ₹0.50 | 59.2% | — | 0 | 43K |
| 1K | 0 | — | 124.0% | ₹154.65 | 790 | ₹0.55 | 56.9% | 5K | -2K | 13K |
| 6K | -5K | 6K | 76.7% | ₹135.50 | 800 | ₹0.80 | 55.9% | 15K | -9K | 2.9 L |
| 4K | 0 | — | —% | ₹90.85 | 810 | ₹2.00 | 62.1% | — | 0 | 20K |
| 6K | 0 | — | 91.1% | ₹120.10 | 820 | ₹1.85 | 56.7% | — | 0 | 20K |
| 8K | 0 | — | 100.2% | ₹115.30 | 830 | ₹1.55 | 50.1% | 63K | +26K | 80K |
| 33K | 0 | — | 125.8% | ₹118.35 | 840 | ₹2.20 | 48.6% | 2K | 0 | 1.1 L |
| 1.8 L | 0 | — | 104.3% | ₹102.30 | 850 | ₹2.80 | 47.7% | 28K | -3K | 1.9 L |
| 42K | 0 | — | 62.6% | ₹78.50 | 860 | ₹3.60 | 46.1% | 35K | -5K | 1.3 L |
| 1.7 L | 0 | — | 55.6% | ₹68.10 | 870 | ₹4.65 | 44.7% | 44K | -4K | 92K |
| 1.2 L | 0 | — | 55.1% | ₹60.25 | 880 | ₹6.35 | 43.5% | 66K | -8K | 1.4 L |
| 91K | 0 | 2K | 44.4% | ₹46.50 | 890 | ₹8.15 | 42.5% | 64K | 0 | 1.3 L |
| 3.3 L | +16K | 1.1 L | 44.4% | ₹38.00 | 900 | ₹10.65 | 41.6% | 4.7 L | -3K | 4.9 L |
| 63K | 0 | — | 44.7% | ₹34.95 | 910 | ₹14.05 | 41.1% | 1.7 L | +23K | 1.2 L |
| 1.0 L | +15K | 1.2 L | 42.3% | ₹25.00 | 920 | ₹17.75 | 39.5% | 2.5 L | +38K | 2.0 L |
| 1.5 L | +49K | 4.0 L | 42.1% | ₹20.10 | 930 | ₹22.30 | 38.9% | 4.8 L | +12K | 2.3 L |
| 4.0 L | +40K | 8.2 L | 41.4% | ₹15.50 | 940 | ₹27.45 | 37.6% | 3.3 L | +50K | 2.5 L |
| 5.4 L | +72K | 7.3 L | 41.3% | ₹11.95 | 950 | ₹34.20 | 37.7% | 1.8 L | -42K | 2.9 L |
| 6.1 L | +9K | 6.7 L | 40.2% | ₹8.50 | 960 | ₹42.60 | 39.4% | 14K | -7K | 79K |
| 3.4 L | +82K | 2.8 L | 40.8% | ₹6.70 | 970 | ₹45.25 | 37.9% | 28K | +7K | 76K |
| 4.4 L | -24K | 3.6 L | 41.3% | ₹4.85 | 980 | ₹57.40 | 46.1% | — | 0 | 90K |
| 2.8 L | +5K | 1.0 L | 41.9% | ₹3.70 | 990 | ₹61.15 | 35.5% | 1K | 0 | 63K |
| 14.6 L | -39K | 6.0 L | 42.6% | ₹2.75 | 1,000ATM | ₹71.75 | 38.0% | 1K | 0 | 96K |
| 1.3 L | -11K | 86K | 43.0% | ₹2.10 | 1,010 | ₹77.25 | 41.8% | 4K | 0 | 46K |
| 1.4 L | -26K | 93K | 42.2% | ₹1.70 | 1,020 | ₹88.55 | —% | 3K | +1K | 32K |
| 1.2 L | +2K | 34K | 44.3% | ₹1.35 | 1,030 | ₹82.50 | —% | — | — | — |
| 8.2 L | +11K | 1.3 L | 46.3% | ₹1.00 | 1,040 | ₹168.05 | 186.0% | — | — | — |
| 2.8 L | +35K | 1.7 L | 46.0% | ₹0.65 | 1,050 | ₹102.00 | —% | — | 0 | 2K |
| 65K | +7K | 31K | 46.7% | ₹0.65 | 1,060 | ₹193.20 | 207.3% | — | +3K | 3K |
| 26K | 0 | 1K | 51.7% | ₹0.75 | 1,070 | ₹201.70 | 209.8% | — | +2K | 2K |
| 1.7 L | -8K | 22K | 46.4% | ₹0.25 | 1,080 | ₹151.90 | 40.8% | 1K | 0 | 3K |
| — | — | — | 3.5% | ₹— | 1,090 | ₹— | —% | — | — | — |
| 1.2 L | 0 | 3K | 47.3% | ₹0.20 | 1,100 | ₹148.00 | —% | — | 0 | 4K |
| — | — | — | 3.9% | ₹— | 1,110 | ₹— | —% | — | — | — |
| — | — | — | 112.3% | ₹10.10 | 1,120 | ₹236.25 | —% | — | — | — |
| — | — | — | 4.3% | ₹— | 1,130 | ₹— | —% | — | — | — |
| — | — | — | 4.5% | ₹— | 1,140 | ₹— | —% | — | — | — |
| — | — | — | 4.7% | ₹— | 1,150 | ₹— | —% | — | — | — |
| — | — | — | 4.9% | ₹— | 1,160 | ₹— | —% | — | — | — |
| — | — | — | 5.1% | ₹— | 1,170 | ₹— | —% | — | — | — |
| — | — | — | 5.2% | ₹— | 1,180 | ₹— | —% | — | — | — |
| — | — | — | 5.4% | ₹— | 1,190 | ₹— | —% | — | — | — |
| — | — | — | 5.6% | ₹— | 1,200 | ₹— | —% | — | — | — |
| — | — | — | 5.8% | ₹— | 1,210 | ₹— | —% | — | — | — |
| — | — | — | 6.0% | ₹— | 1,220 | ₹— | —% | — | — | — |
| — | — | — | 6.2% | ₹— | 1,230 | ₹— | —% | — | — | — |
| — | — | — | 6.3% | ₹— | 1,240 | ₹— | —% | — | — | — |
| — | — | — | 6.7% | ₹— | 1,260 | ₹— | —% | — | — | — |
| — | — | — | 7.0% | ₹— | 1,280 | ₹— | —% | — | — | — |
| — | — | — | 7.4% | ₹— | 1,300 | ₹— | —% | — | — | — |
| — | — | — | 7.7% | ₹— | 1,320 | ₹— | —% | — | — | — |
| — | — | — | 8.0% | ₹— | 1,340 | ₹— | —% | — | — | — |
| — | — | — | 8.4% | ₹— | 1,360 | ₹— | —% | — | — | — |
| — | — | — | 8.7% | ₹— | 1,380 | ₹— | —% | — | — | — |
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 resistance at ₹1,000 is reinforced by peak call OI, acting as a major supply zone. Immediate support clusters around ₹920–₹940, anchored by rising put OI and the ₹1,000 put base. The implied range centers on ₹930–₹970, framed by the highest OI additions and spot proximity.
OI Buildup Activity
Fresh long calls at ₹970, ₹950, and ₹930 signal aggressive call writing near-term, with writers targeting a capped upside. Concurrently, long put accumulation at ₹940 and ₹920 reflects defensive positioning, likely hedging or speculative downside bets. The ₹830 put sees minor buildup, suggesting tail-risk protection from longer-term bears.
Volatility Read
ATM IV at 42.54% indicates elevated premium levels, favoring sellers if volatility contracts. The bearish skew confirms put demand dominance, underpinning negative sentiment despite spot strength.
Strategy Implication
Bias leans bearish above ₹970 with sellers in control, favoring premium collection in short-dated CE structures.
Related Analysis
Frequently Asked Questions
What is the highest call OI strike for Indian Bank today?▾
The strike with highest call (CE) open interest for Indian Bank is ₹1,000 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 Indian Bank today?▾
The strike with highest put (PE) open interest for Indian Bank is ₹900 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 Indian Bank options mean?▾
Open Interest (OI) buildup in Indian Bank 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 Indian Bank options expire?▾
Indian Bank 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 Indian Bank option chain?▾
The Indian Bank 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.