Kotak Mahindra Bank Limited Option Chain Analysis
2026-04-282026-05-26
Total CE OI
2.72 Cr
Total PE OI
2.65 Cr
PCR
0.97
Neutral
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 190 | ₹— | 15.3% | — | — | — |
| — | — | — | —% | ₹— | 195 | ₹— | 14.7% | — | — | — |
| — | — | — | —% | ₹— | 200 | ₹— | 14.2% | — | — | — |
| — | — | — | —% | ₹— | 205 | ₹— | 13.6% | — | — | — |
| — | — | — | —% | ₹— | 210 | ₹— | 13.1% | — | — | — |
| — | — | — | —% | ₹— | 215 | ₹— | 12.6% | — | — | — |
| — | — | — | —% | ₹— | 220 | ₹— | 12.1% | — | — | — |
| — | — | — | —% | ₹— | 225 | ₹— | 11.6% | — | — | — |
| — | — | — | —% | ₹— | 230 | ₹— | 11.1% | — | — | — |
| — | — | — | —% | ₹— | 235 | ₹— | 10.6% | — | — | — |
| — | — | — | —% | ₹— | 240 | ₹— | 10.1% | — | — | — |
| — | — | — | —% | ₹— | 245 | ₹— | 9.7% | — | — | — |
| — | — | — | —% | ₹— | 250 | ₹— | 9.2% | — | — | — |
| — | — | — | —% | ₹— | 255 | ₹— | 8.8% | — | — | — |
| — | — | — | —% | ₹— | 260 | ₹— | 8.4% | — | — | — |
| — | — | — | —% | ₹— | 265 | ₹— | 8.0% | — | — | — |
| — | — | — | —% | ₹— | 267.5 | ₹— | 7.7% | — | — | — |
| — | — | — | —% | ₹— | 270 | ₹— | 7.5% | — | — | — |
| — | — | — | —% | ₹— | 272.5 | ₹— | 7.3% | — | — | — |
| — | — | — | —% | ₹— | 275 | ₹— | 7.1% | — | — | — |
| — | — | — | —% | ₹— | 277.5 | ₹— | 6.9% | — | — | — |
| — | — | — | —% | ₹— | 280 | ₹— | 6.7% | — | — | — |
| — | — | — | —% | ₹— | 282.5 | ₹— | 6.5% | — | — | — |
| — | — | — | —% | ₹— | 285 | ₹— | 6.3% | — | — | — |
| — | — | — | —% | ₹— | 287.5 | ₹— | 6.2% | — | — | — |
| — | — | — | —% | ₹— | 290 | ₹— | 6.0% | — | — | — |
| — | — | — | —% | ₹— | 292.5 | ₹— | 5.8% | — | — | — |
| — | — | — | —% | ₹136.10 | 295 | ₹0.05 | 70.6% | 2.9 L | +8K | 4.5 L |
| — | — | — | —% | ₹— | 297.5 | ₹— | 5.4% | — | — | — |
| 12K | 0 | — | —% | ₹62.00 | 300 | ₹0.10 | 71.5% | 18K | -8K | 7.3 L |
| — | — | — | —% | ₹— | 302.5 | ₹— | 5.0% | — | — | — |
| — | — | — | —% | ₹126.20 | 305 | ₹0.05 | 61.4% | 6K | -2K | 5.0 L |
| — | — | — | —% | ₹— | 307.5 | ₹— | 4.7% | — | — | — |
| — | — | — | —% | ₹103.65 | 310 | ₹0.05 | 58.1% | 8K | -2K | 2.9 L |
| — | — | — | —% | ₹— | 312.5 | ₹— | 4.3% | — | — | — |
| 10K | 0 | — | —% | ₹62.40 | 315 | ₹0.05 | 53.4% | 14K | +2K | 5.3 L |
| — | — | — | —% | ₹— | 317.5 | ₹— | 4.0% | — | — | — |
| 5.2 L | 0 | — | —% | ₹34.80 | 320 | ₹0.05 | 50.1% | 3.0 L | -14K | 15.6 L |
| — | — | — | —% | ₹94.00 | 322.5 | ₹0.05 | 46.2% | — | — | — |
| 2.0 L | 0 | — | —% | ₹50.25 | 325 | ₹0.15 | 51.0% | — | 0 | 2.4 L |
| 86K | 0 | — | —% | ₹31.95 | 327.5 | ₹0.70 | 63.7% | — | 0 | 8K |
| 10K | 0 | — | —% | ₹36.15 | 330 | ₹0.15 | 48.8% | 10K | -4K | 3.3 L |
| — | — | — | 296.3% | ₹86.40 | 332.5 | ₹0.40 | 52.3% | — | 0 | 64K |
| 2K | 0 | — | —% | ₹22.10 | 335 | ₹0.25 | 45.9% | — | 0 | 32.2 L |
| — | — | — | 350.6% | ₹94.20 | 337.5 | ₹0.40 | 47.4% | — | 0 | 2.3 L |
| 3.0 L | 0 | — | 48.8% | ₹40.50 | 340 | ₹0.20 | 41.2% | 14K | -2K | 6.8 L |
| 12K | 0 | — | —% | ₹25.40 | 342.5 | ₹0.60 | 46.2% | — | 0 | 3.0 L |
| 1.4 L | 0 | — | —% | ₹29.65 | 345 | ₹0.30 | 39.6% | 6K | -2K | 4.3 L |
| 1.2 L | 0 | — | —% | ₹24.00 | 347.5 | ₹0.60 | 41.0% | — | 0 | 2.1 L |
| 6.9 L | +32K | 58K | 29.4% | ₹32.00 | 350 | ₹0.30 | 35.5% | 1.6 L | -32K | 11.2 L |
| 2.0 L | 0 | — | 57.6% | ₹30.40 | 352.5 | ₹0.40 | 34.8% | 6K | -2K | 2.9 L |
| 3.4 L | 0 | — | 63.1% | ₹29.25 | 355 | ₹0.40 | 32.3% | 1.8 L | -26K | 5.1 L |
| 2.6 L | 0 | — | 34.6% | ₹23.40 | 357.5 | ₹0.45 | 31.0% | 10K | -2K | 2.4 L |
| 10.0 L | -6K | 18K | 30.1% | ₹22.75 | 360 | ₹0.55 | 29.6% | 4.4 L | -62K | 15.8 L |
| 3.6 L | -8K | 16K | 29.1% | ₹20.40 | 362.5 | ₹0.70 | 29.0% | 44K | 0 | 3.9 L |
| 6.1 L | +6K | 64K | 24.0% | ₹17.60 | 365 | ₹0.90 | 27.9% | 1.2 L | +8K | 7.4 L |
| 4.8 L | -16K | 28K | 26.8% | ₹15.80 | 367.5 | ₹1.15 | 26.7% | 2.7 L | -22K | 3.7 L |
| 37.3 L | -58K | 2.4 L | 25.1% | ₹13.20 | 370ATM | ₹1.40 | 25.3% | 9.0 L | +2.1 L | 24.9 L |
| 3.3 L | -10K | 1.2 L | 24.3% | ₹11.20 | 372.5 | ₹1.90 | 25.2% | 7.9 L | +1.7 L | 5.2 L |
| 6.1 L | -1.0 L | 5.7 L | 23.3% | ₹9.20 | 375 | ₹2.60 | 25.2% | 15.1 L | +1.5 L | 9.9 L |
| 6.8 L | -6K | 5.3 L | 23.7% | ₹7.60 | 377.5 | ₹3.35 | 24.7% | 8.5 L | +1.9 L | 9.4 L |
| 19.4 L | -78K | 35.1 L | 23.3% | ₹6.05 | 380 | ₹4.40 | 25.0% | 28.6 L | +4.5 L | 18.0 L |
| 9.2 L | +1.5 L | 18.3 L | 23.4% | ₹4.80 | 382.5 | ₹5.60 | 24.7% | 8.7 L | +1.4 L | 7.8 L |
| 14.1 L | +2.0 L | 22.8 L | 23.0% | ₹3.60 | 385 | ₹7.05 | 25.3% | 8.4 L | +1.2 L | 7.7 L |
| 7.3 L | +1.3 L | 6.1 L | 23.4% | ₹2.80 | 387.5 | ₹8.55 | 24.6% | 1.1 L | +8K | 2.9 L |
| 31.1 L | -1.1 L | 28.5 L | 23.8% | ₹2.10 | 390 | ₹13.45 | 33.7% | — | 0 | 2.9 L |
| 4.0 L | +48K | 1.7 L | 23.4% | ₹1.55 | 392.5 | ₹11.90 | 25.1% | 30K | +16K | 1.2 L |
| 5.7 L | -20K | 7.3 L | 24.3% | ₹1.15 | 395 | ₹14.70 | 28.3% | 8K | -4K | 42K |
| 2.3 L | -16K | 30K | 24.7% | ₹0.90 | 397.5 | ₹5.15 | —% | — | — | — |
| 30.0 L | -1.8 L | 9.5 L | 25.4% | ₹0.65 | 400 | ₹19.00 | 27.4% | 76K | +8K | 5.7 L |
| 1.3 L | -12K | 44K | 25.7% | ₹0.50 | 402.5 | ₹6.40 | —% | — | — | — |
| 5.3 L | -26K | 88K | 26.8% | ₹0.40 | 405 | ₹29.00 | 57.3% | — | 0 | 12K |
| 26K | 0 | — | 32.0% | ₹0.50 | 407.5 | ₹23.50 | —% | — | 0 | 2K |
| 6.1 L | -16K | 70K | 28.4% | ₹0.25 | 410 | ₹28.90 | 39.2% | 36K | -4K | 3.3 L |
| 84K | 0 | — | 37.0% | ₹0.55 | 412.5 | ₹9.35 | —% | — | — | — |
| 1.9 L | -2K | 8K | 27.1% | ₹0.10 | 415 | ₹34.00 | —% | — | 0 | 92K |
| 6K | 0 | — | 40.3% | ₹0.50 | 417.5 | ₹35.20 | —% | — | 0 | 2K |
| 11.4 L | +14K | 40K | 30.9% | ₹0.10 | 420 | ₹38.15 | 41.4% | 1.1 L | -10K | 9.9 L |
| — | — | — | 179.7% | ₹23.25 | 422.5 | ₹13.20 | —% | — | — | — |
| 2.0 L | 0 | 20K | 31.4% | ₹0.05 | 425 | ₹41.00 | —% | — | 0 | 26K |
| 16K | 0 | — | 39.3% | ₹0.15 | 427.5 | ₹14.05 | —% | — | 0 | 2K |
| 7.2 L | -14K | 38K | 34.3% | ₹0.05 | 430 | ₹48.30 | 47.1% | 16K | -10K | 1.5 L |
| 16K | 0 | — | 46.0% | ₹0.25 | 432.5 | ₹51.50 | 55.4% | 2K | 0 | 4K |
| 14K | 0 | — | 41.7% | ₹0.10 | 435 | ₹63.90 | 122.4% | — | 0 | 6K |
| — | — | — | 162.4% | ₹15.80 | 437.5 | ₹20.60 | —% | — | — | — |
| 1.4 L | 0 | — | 44.7% | ₹0.10 | 440 | ₹58.50 | 55.0% | 4K | -2K | 2.0 L |
| 2K | 0 | — | 50.9% | ₹0.20 | 442.5 | ₹56.90 | —% | — | 0 | 2K |
| — | — | — | 138.2% | ₹9.80 | 445 | ₹39.30 | —% | — | — | — |
| — | — | — | 3.6% | ₹— | 447.5 | ₹— | —% | — | — | — |
| 82K | 0 | — | 46.6% | ₹0.05 | 450 | ₹68.00 | —% | — | 0 | 68K |
| — | — | — | 3.9% | ₹— | 452.5 | ₹— | —% | — | — | — |
| 8K | 0 | — | 62.3% | ₹0.30 | 455 | ₹46.75 | —% | — | — | — |
| — | — | — | 4.1% | ₹— | 457.5 | ₹— | —% | — | — | — |
| 10K | 0 | — | 51.9% | ₹0.05 | 460 | ₹77.50 | 53.4% | 2K | 0 | 48K |
| — | — | — | 4.3% | ₹— | 462.5 | ₹— | —% | — | — | — |
| 52K | 0 | — | 59.0% | ₹0.10 | 465 | ₹54.75 | —% | — | — | — |
| — | — | — | 4.6% | ₹— | 467.5 | ₹— | —% | — | — | — |
| 32K | 0 | — | 57.0% | ₹0.05 | 470 | ₹58.85 | —% | — | — | — |
| — | — | — | 4.8% | ₹— | 472.5 | ₹— | —% | — | — | — |
| — | — | — | —% | ₹4.10 | 475 | ₹118.50 | —% | — | 0 | 14K |
| 78K | 0 | 2K | 61.3% | ₹0.05 | 480 | ₹123.50 | —% | — | 0 | 10K |
| 96K | 0 | 2K | 63.4% | ₹0.05 | 485 | ₹129.00 | —% | — | 0 | 12K |
| 8K | 0 | 2K | 66.8% | ₹0.05 | 490 | ₹76.30 | —% | — | — | — |
| — | — | — | 5.8% | ₹— | 495 | ₹— | —% | — | — | — |
| — | — | — | 6.0% | ₹— | 500 | ₹— | —% | — | — | — |
| — | — | — | 6.3% | ₹— | 505 | ₹— | —% | — | — | — |
| — | — | — | 6.5% | ₹— | 510 | ₹— | —% | — | — | — |
| — | — | — | 6.7% | ₹— | 515 | ₹— | —% | — | — | — |
| — | — | — | 6.9% | ₹— | 520 | ₹— | —% | — | — | — |
| — | — | — | 7.1% | ₹— | 525 | ₹— | —% | — | — | — |
| — | — | — | 7.3% | ₹— | 530 | ₹— | —% | — | — | — |
| — | — | — | 7.5% | ₹— | 535 | ₹— | —% | — | — | — |
| — | — | — | 7.8% | ₹— | 540 | ₹— | —% | — | — | — |
| — | — | — | 8.0% | ₹— | 545 | ₹— | —% | — | — | — |
| — | — | — | 8.2% | ₹— | 550 | ₹— | —% | — | — | — |
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
Immediate support lies at ₹380, reinforced by massive PE OI buildup, while ₹190 acts as a deep technical support. On the upside, ₹190 also serves as a psychological resistance, with additional call stacking beyond ₹385. The implied trading range centers around ₹370–₹387.5, with short-term bias hinging on the ₹380–₹385 corridor.
OI Buildup Activity
Fresh long calls are emerging at ₹385, ₹382.5, and ₹387.5, signaling aggressive call writing near-term caps. Put writers are heavily accumulating at ₹380, absorbing downside momentum, while fresh long puts at ₹370 and ₹377.5 suggest hedging below the spot. The surge in PE OI at ₹380 points to strong floor construction, likely for covered positioning or protective downside bets.
Volatility Read
ATM IV at 22.86% reflects neutral near-term volatility pricing, with no elevated fear or complacency. Skew remains flat, indicating balanced risk appetite across calls and puts—no directional bias priced in by options market.
Strategy Implication
Slight preference for range-bound strategies with a marginal edge on put-side positioning below ₹380.
Related Analysis
Frequently Asked Questions
What is the highest call OI strike for Kotak Mahindra Bank Limited today?▾
The strike with highest call (CE) open interest for Kotak Mahindra Bank Limited is ₹370 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 Kotak Mahindra Bank Limited today?▾
The strike with highest put (PE) open interest for Kotak Mahindra Bank Limited is ₹335 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 Kotak Mahindra Bank Limited options mean?▾
Open Interest (OI) buildup in Kotak Mahindra 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 Kotak Mahindra Bank Limited options expire?▾
Kotak Mahindra 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 Kotak Mahindra Bank Limited option chain?▾
The Kotak Mahindra 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.