SBI Cards and Payment Services Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 800 | 0 | — | —% | ₹— | 520 | ₹— | —% | — | -6K | 43K |
| 800 | 0 | — | —% | ₹— | 540 | ₹— | —% | — | 0 | 92K |
| 28K | 0 | — | —% | ₹— | 560 | ₹— | —% | — | +3K | 1.8 L |
| 1.2 L | 0 | — | —% | ₹— | 570 | ₹— | —% | — | -22K | 2.1 L |
| 80K | 0 | — | —% | ₹— | 580 | ₹— | —% | — | +52K | 4.2 L |
| 10K | 0 | — | —% | ₹— | 590 | ₹— | —% | — | +17K | 2.3 L |
| 71K | -5K | — | —% | ₹— | 600 | ₹— | —% | — | +1.9 L | 7.8 L |
| 1.2 L | -2K | — | —% | ₹— | 610 | ₹— | —% | — | -12K | 3.2 L |
| 3.0 L | -2K | — | —% | ₹— | 620 | ₹— | —% | — | -800 | 5.2 L |
| 1.6 L | -2K | — | —% | ₹— | 630 | ₹— | —% | — | -80K | 3.1 L |
| 3.5 L | -38K | — | —% | ₹— | 640 | ₹— | —% | — | +2K | 6.8 L |
| 9.5 L | -1.0 L | — | —% | ₹— | 650 | ₹— | —% | — | +7K | 8.4 L |
| 7.5 L | +6K | — | —% | ₹— | 660 | ₹— | —% | — | +1.8 L | 5.5 L |
| 7.2 L | -46K | — | —% | ₹— | 670 | ₹— | —% | — | +1.0 L | 3.2 L |
| 5.2 L | +32K | — | —% | ₹— | 680 | ₹— | —% | — | +14K | 1.3 L |
| 3.2 L | +13K | — | —% | ₹— | 690 | ₹— | —% | — | +28K | 50K |
| 15.5 L | -63K | — | —% | ₹— | 700ATM | ₹— | —% | — | +11K | 3.2 L |
| 2.9 L | -6K | — | —% | ₹— | 710 | ₹— | —% | — | +2K | 10K |
| 5.3 L | -14K | — | —% | ₹— | 720 | ₹— | —% | — | -8K | 90K |
| 3.6 L | -15K | — | —% | ₹— | 730 | ₹— | —% | — | +800 | 6K |
| 6.5 L | +1.7 L | — | —% | ₹— | 740 | ₹— | —% | — | -800 | 3K |
| 0 | 0 | — | —% | ₹— | 750 | ₹— | —% | — | +800 | 800 |
| 7.4 L | +65K | — | —% | ₹— | 760 | ₹— | —% | — | +800 | 98K |
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 highest open‑interest (OI) for calls sits at the 340 ₹ strike with 340 contracts, acting as a near‑term resistance. The same 340 ₹ strike also carries the largest put OI, establishing a strong support point. Combined, these concentrations suggest an implied trading range roughly between 340 ₹ and 340 ₹, tightly framing the underlying at 658.25 ₹.
OI Buildup Activity
Fresh OI adds are evident at the 740 ₹ call (740 contracts, +1,67,200 ₹) and 760 ₹ call (64,800 ₹), indicating new bullish speculation above the spot. On the put side, the 600 ₹ strike has amassed 1,92,000 ₹ of OI, followed by 660 ₹ (1,79,200 ₹) and 670 ₹ (1,08,800 ₹), reflecting increased downside hedging. The pattern of OI accumulation points to writers positioning around these strikes to collect premium while managing risk.
Volatility Read
The at‑the‑money implied volatility (IV) stands at 23.1 %, indicating moderate price expectations for the September expiry. The volatility skew is bearish, meaning out‑of‑the‑money puts are priced relatively higher than calls.
Key OI Levels
The strikes with the highest open interest are 340 ₹ for both calls and puts.