SBI Cards and Payment Services Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 420 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 440 | ₹— | —% | — | +60K | 1.2 L |
| 0 | 0 | — | —% | ₹— | 460 | ₹— | —% | — | +39K | 1.4 L |
| 0 | 0 | — | —% | ₹— | 470 | ₹— | —% | — | +71K | 1.4 L |
| 800 | 0 | — | —% | ₹— | 480 | ₹— | —% | — | +46K | 2.5 L |
| 0 | 0 | — | —% | ₹— | 490 | ₹— | —% | — | +81K | 1.5 L |
| 1.2 L | +59K | — | —% | ₹— | 500 | ₹— | —% | — | +14K | 4.1 L |
| 32K | +12K | — | —% | ₹— | 510 | ₹— | —% | — | +2.0 L | 2.9 L |
| 2.3 L | +1.1 L | — | —% | ₹— | 520 | ₹— | —% | — | +3.2 L | 5.2 L |
| 7.0 L | +3.1 L | — | —% | ₹— | 530 | ₹— | —% | — | +2.9 L | 5.7 L |
| 6.2 L | +1.9 L | — | —% | ₹— | 540 | ₹— | —% | — | +47K | 4.8 L |
| 5.7 L | +1.0 L | — | —% | ₹— | 550 | ₹— | —% | — | +13K | 3.9 L |
| 4.5 L | -27K | — | —% | ₹— | 560 | ₹— | —% | — | -7K | 2.4 L |
| 3.7 L | +63K | — | —% | ₹— | 570 | ₹— | —% | — | -2K | 1.8 L |
| 5.9 L | +81K | — | —% | ₹— | 580 | ₹— | —% | — | -2K | 95K |
| 2.3 L | +30K | — | —% | ₹— | 590 | ₹— | —% | — | 0 | 30K |
| 10.4 L | -1.5 L | — | —% | ₹— | 600ATM | ₹— | —% | — | +26K | 2.8 L |
| 99K | +34K | — | —% | ₹— | 610 | ₹— | —% | — | 0 | 11K |
| 1.0 L | +9K | — | —% | ₹— | 620 | ₹— | —% | — | 0 | 33K |
| 27K | -3K | — | —% | ₹— | 630 | ₹— | —% | — | +800 | 18K |
| 2.0 L | +15K | — | —% | ₹— | 640 | ₹— | —% | — | -800 | 88K |
| 1.9 L | +6K | — | —% | ₹— | 660 | ₹— | —% | — | +10K | 34K |
| 51K | -800 | — | —% | ₹— | 680 | ₹— | —% | — | -800 | 2.6 L |
| 2.2 L | +11K | — | —% | ₹— | 700 | ₹— | —% | — | — | — |
| 800 | 0 | — | —% | ₹— | 740 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
Live Greeks Panel
Key Strike Levels
Open interest clusters around the 520, 530 and 540 levels, positioning the market’s most defended range between ₹515 and ₹545.
The highest call OI of 220 contracts sits at the 530 strike, acting as a resistance ceiling, while the equal‑sized put OI at 530 provides a symmetric support floor.
Given the ATM implied volatility of 28.79%, the pricing of options suggests a modest premium across the 1‑month horizon for traders.
OI Buildup Activity
Fresh open interest adds show a net increase of 3.15 k contracts at the 530 call, 1.89 k at the 540 call, and 1.05 k at the 520 call, indicating active positioning by option writers.
On the put side, the 520 strike absorbs 3.27 k contracts, the 530 strike receives 2.88 k, and the 510 strike adds 2.04 k, reflecting a balanced accumulation of downside protection.
The symmetrical inflow into both calls and puts at adjacent strikes suggests market participants are hedging around the current spot today rather than taking directional bets.
Volatility Read
Implied volatility sits at 28.79%, which is in line with the historical 30‑day average for the underlying, indicating no acute stress in pricing.
The skew remains neutral, showing that call and put premiums are priced similarly across strikes and there is no pronounced bias toward upside or downside moves.
Key OI Levels
The concentration peaks at 530 for both calls (220 contracts) and puts (220 contracts), marking it as the focal point of open interest this week.