Kotak Mahindra Bank Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 330 | ₹— | —% | — | 0 | 12K |
| — | — | — | —% | ₹— | 340 | ₹— | —% | — | 0 | 42K |
| 4K | 0 | — | —% | ₹— | 350 | ₹— | —% | — | 0 | 44K |
| 8K | 0 | — | —% | ₹— | 355 | ₹— | —% | — | -8K | 1.3 L |
| 58K | 0 | — | —% | ₹— | 360 | ₹— | —% | — | 0 | 2.1 L |
| 4K | 0 | — | —% | ₹— | 365 | ₹— | —% | — | 0 | 12K |
| 66K | 0 | — | —% | ₹— | 370 | ₹— | —% | — | -4K | 3.3 L |
| 92K | 0 | — | —% | ₹— | 375 | ₹— | —% | — | 0 | 4.3 L |
| 1.2 L | 0 | — | —% | ₹— | 380 | ₹— | —% | — | -6K | 35.2 L |
| 1.2 L | 0 | — | —% | ₹— | 385 | ₹— | —% | — | -14K | 12.8 L |
| 3.4 L | -10K | — | —% | ₹— | 390 | ₹— | —% | — | -12K | 26.9 L |
| 6.8 L | -4K | — | —% | ₹— | 395 | ₹— | —% | — | +8K | 8.1 L |
| 25.4 L | -4K | — | —% | ₹— | 400 | ₹— | —% | — | +2.9 L | 77.1 L |
| 7.8 L | -12K | — | —% | ₹— | 405 | ₹— | —% | — | +20K | 16.1 L |
| 24.3 L | -14K | — | —% | ₹— | 410 | ₹— | —% | — | +3.6 L | 47.0 L |
| 45.6 L | +92K | — | —% | ₹— | 415 | ₹— | —% | — | +2.5 L | 30.3 L |
| 1.02 Cr | -60K | — | —% | ₹— | 420ATM | ₹— | —% | — | +1.5 L | 61.2 L |
| 97.5 L | -78K | — | —% | ₹— | 425 | ₹— | —% | — | +4.2 L | 52.3 L |
| 81.6 L | -1.5 L | — | —% | ₹— | 430 | ₹— | —% | — | +44K | 33.7 L |
| 26.0 L | +32K | — | —% | ₹— | 435 | ₹— | —% | — | +14K | 5.3 L |
| 39.4 L | -96K | — | —% | ₹— | 440 | ₹— | —% | — | +30K | 9.9 L |
| 12.8 L | +14K | — | —% | ₹— | 445 | ₹— | —% | — | 0 | 0 |
| 34.5 L | +64K | — | —% | ₹— | 450 | ₹— | —% | — | 0 | 2.1 L |
| 3.7 L | +2K | — | —% | ₹— | 455 | ₹— | —% | — | 0 | 0 |
| 21.3 L | -18K | — | —% | ₹— | 460 | ₹— | —% | — | 0 | 3.2 L |
| 66K | 0 | — | —% | ₹— | 465 | ₹— | —% | — | 0 | 0 |
| 2.8 L | +16K | — | —% | ₹— | 470 | ₹— | —% | — | 0 | 0 |
| 2.4 L | -16K | — | —% | ₹— | 480 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 490 | ₹— | —% | — | 0 | 0 |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
Live Greeks Panel
Key Strike Levels
The open‑interest (OI) profile shows a pronounced cluster at the ₹240 strike for both calls and puts, signalling a strong resistance‑support corridor around that level. The call OI peak at ₹240 (0) and the put OI peak at the same strike suggest market participants view ₹240 as a pivotal price zone for the expiry on 29‑Sep‑2026. Consequently, the implied price range for the underlying appears to be anchored near the ₹240‑₹250 band, with the spot trading at ₹424.5 well above this zone.
OI Buildup Activity
During the latest session, fresh call OI accumulates at ₹415 (+92,000), ₹450 (+66,000) and ₹435 (+32,000), indicating that option writers are adding exposure in the higher‑strike region. On the put side, OI additions emerge at ₹425 (+4,22,000), ₹410 (+3,64,000) and ₹400 (+2,86,000), reflecting a build‑up of downside protection nearer the current spot. The concentration of new OI at these strikes points to market makers positioning for potential moves while maintaining a balanced risk profile across the strike spectrum.
Volatility Read
The at‑the‑money implied volatility stands at 14.67 %, marking a modest volatility environment for the upcoming expiry. The volatility skew is bearish, indicating that out‑of‑the‑money puts are priced higher relative to calls, which typically signals market bias toward downside risk.
Key OI Levels
The highest call OI resides at the ₹240 strike (0) and the highest put OI also sits at the ₹240 strike (0).