Punjab National Bank Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 16K | 0 | — | —% | ₹— | 98 | ₹— | —% | — | 0 | 0 |
| 2.5 L | 0 | — | —% | ₹— | 100 | ₹— | —% | — | -8K | 14.7 L |
| — | — | — | —% | ₹— | 101 | ₹— | —% | — | 0 | 32K |
| 8K | 0 | — | —% | ₹— | 102 | ₹— | —% | — | 0 | 32K |
| 96K | 0 | — | —% | ₹— | 103 | ₹— | —% | — | 0 | 0 |
| 24K | 0 | — | —% | ₹— | 104 | ₹— | —% | — | 0 | 4.7 L |
| 2.5 L | -8K | — | —% | ₹— | 105 | ₹— | —% | — | -8K | 23.4 L |
| 80K | 0 | — | —% | ₹— | 106 | ₹— | —% | — | -40K | 1.5 L |
| 24K | 0 | — | —% | ₹— | 107 | ₹— | —% | — | -96K | 5.4 L |
| 16K | 0 | — | —% | ₹— | 108 | ₹— | —% | — | +16K | 35.4 L |
| 56K | 0 | — | —% | ₹— | 109 | ₹— | —% | — | +8K | 6.6 L |
| 11.0 L | +1.7 L | — | —% | ₹— | 110 | ₹— | —% | — | -1.6 L | 58.6 L |
| 40K | +8K | — | —% | ₹— | 111 | ₹— | —% | — | +96K | 9.7 L |
| 5.6 L | 0 | — | —% | ₹— | 112 | ₹— | —% | — | -64K | 18.8 L |
| 8.7 L | 0 | — | —% | ₹— | 113 | ₹— | —% | — | +80K | 18.2 L |
| 9.0 L | +8K | — | —% | ₹— | 114 | ₹— | —% | — | -32K | 19.6 L |
| 44.2 L | -1.4 L | — | —% | ₹— | 115 | ₹— | —% | — | -4.7 L | 67.6 L |
| 32.9 L | +32K | — | —% | ₹— | 116 | ₹— | —% | — | 0 | 26.6 L |
| 50.3 L | +72K | — | —% | ₹— | 117 | ₹— | —% | — | +2.9 L | 32.5 L |
| 51.6 L | -2.4 L | — | —% | ₹— | 118 | ₹— | —% | — | +2.2 L | 27.5 L |
| 25.8 L | +2.6 L | — | —% | ₹— | 119 | ₹— | —% | — | +8K | 6.4 L |
| 1.43 Cr | +7.4 L | — | —% | ₹— | 120ATM | ₹— | —% | — | -1.4 L | 38.8 L |
| 10.6 L | -1.2 L | — | —% | ₹— | 121 | ₹— | —% | — | 0 | 10.6 L |
| 15.8 L | +24K | — | —% | ₹— | 122 | ₹— | —% | — | 0 | 1.8 L |
| 11.8 L | 0 | — | —% | ₹— | 123 | ₹— | —% | — | 0 | 1.6 L |
| 10.4 L | 0 | — | —% | ₹— | 124 | ₹— | —% | — | 0 | 2.4 L |
| 62.8 L | -1.2 L | — | —% | ₹— | 125 | ₹— | —% | — | -8K | 5.8 L |
| 4.6 L | +32K | — | —% | ₹— | 126 | ₹— | —% | — | 0 | 3.7 L |
| 17.0 L | +32K | — | —% | ₹— | 127 | ₹— | —% | — | 0 | 24K |
| 8.2 L | -40K | — | —% | ₹— | 128 | ₹— | —% | — | 0 | 72K |
| 2.4 L | -16K | — | —% | ₹— | 129 | ₹— | —% | — | — | — |
| 47.2 L | +1.6 L | — | —% | ₹— | 130 | ₹— | —% | — | 0 | 4.0 L |
| 2.7 L | 0 | — | —% | ₹— | 132 | ₹— | —% | — | 0 | 1.0 L |
| 12.4 L | +24K | — | —% | ₹— | 134 | ₹— | —% | — | 0 | 24K |
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) snapshot shows a clear concentration band between ₹110 and ₹120 on the call side, with the greatest resistance at ₹100 (2,48,000 contracts). On the put side, OI clusters around ₹115 (67,68,000 contracts), establishing a strong support zone near that level. This distribution implies an implied price corridor roughly spanning ₹110 to ₹120, with the market expecting the spot to oscillate within these bounds as expiry approaches on 29‑Sep‑2026.
OI Buildup Activity
During the latest trading session, fresh call OI adds materialise at ₹120 (+7,12,000 contracts) and ₹119 (+2,56,000 contracts), indicating that writers are adding exposure near the upper edge of the implied range. A modest increase at ₹110 (+1,60,000 contracts) suggests additional positioning at the lower call strike. On the put side, the most notable additions occur at ₹117 (+2,96,000 contracts) and ₹118 (+2,32,000 contracts), reflecting writers reinforcing the support region, while a smaller uptick at ₹111 (+96,000 contracts) adds depth to the downside hedge.
Volatility Read
The at‑the‑money implied volatility stands at 18.52 percent, signalling moderate forward‑looking uncertainty. The volatility skew is bearish, with out‑of‑the‑money puts priced higher than calls, reinforcing the market’s bias toward downside protection.
Key OI Levels
The highest call OI resides at ₹100 (2,48,000 contracts), and the highest put OI concentrates at ₹115 (67,68,000 contracts).