SBI Life Insurance Company Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 920 | ₹— | 17.0% | — | — | — |
| — | — | — | —% | ₹— | 960 | ₹— | 16.0% | — | — | — |
| — | — | — | —% | ₹— | 1,000 | ₹— | 15.1% | — | — | — |
| — | — | — | —% | ₹— | 1,040 | ₹— | 14.3% | — | — | — |
| — | — | — | —% | ₹— | 1,080 | ₹— | 13.4% | — | — | — |
| — | — | — | —% | ₹— | 1,120 | ₹— | 12.6% | — | — | — |
| — | — | — | —% | ₹— | 1,160 | ₹— | 11.9% | — | — | — |
| — | — | — | —% | ₹— | 1,180 | ₹— | 11.5% | — | — | — |
| — | — | — | —% | ₹— | 1,200 | ₹— | 11.1% | — | — | — |
| — | — | — | —% | ₹— | 1,220 | ₹— | 10.8% | — | — | — |
| — | — | — | —% | ₹— | 1,240 | ₹— | 10.4% | — | — | — |
| — | — | — | —% | ₹— | 1,260 | ₹— | 10.0% | — | — | — |
| — | — | — | —% | ₹— | 1,280 | ₹— | 9.7% | — | — | — |
| — | — | — | —% | ₹— | 1,300 | ₹— | 9.3% | — | — | — |
| — | — | — | —% | ₹— | 1,320 | ₹— | 9.0% | — | — | — |
| — | — | — | —% | ₹— | 1,340 | ₹— | 8.7% | — | — | — |
| — | — | — | —% | ₹— | 1,360 | ₹— | 8.3% | — | — | — |
| — | — | — | —% | ₹— | 1,380 | ₹— | 8.0% | — | — | — |
| — | — | — | —% | ₹— | 1,400 | ₹— | 7.7% | — | — | — |
| — | — | — | —% | ₹— | 1,420 | ₹— | 7.4% | — | — | — |
| — | — | — | —% | ₹— | 1,440 | ₹— | 7.1% | — | — | — |
| — | — | — | —% | ₹— | 1,460 | ₹— | 6.8% | — | — | — |
| 2K | 0 | — | —% | ₹464.10 | 1,480 | ₹0.05 | 59.1% | 18K | -375 | 76K |
| — | — | — | —% | ₹— | 1,500 | ₹— | 6.2% | — | — | — |
| 1K | 0 | — | —% | ₹382.80 | 1,520 | ₹0.25 | 71.5% | — | 0 | 26K |
| — | — | — | —% | ₹— | 1,540 | ₹— | 5.6% | — | — | — |
| 750 | 0 | — | —% | ₹343.85 | 1,560 | ₹0.60 | 72.2% | — | — | — |
| 375 | 0 | — | —% | ₹358.70 | 1,580 | ₹0.50 | 67.2% | — | 0 | 39K |
| — | — | — | —% | ₹463.85 | 1,600 | ₹0.40 | 53.0% | 27K | 0 | 3.1 L |
| 375 | 0 | — | —% | ₹319.85 | 1,620 | ₹0.20 | 54.5% | — | — | — |
| 375 | 0 | — | —% | ₹300.00 | 1,640 | ₹0.70 | 49.5% | 10K | +5K | 1.1 L |
| — | — | — | —% | ₹442.35 | 1,660 | ₹1.05 | 49.1% | 15K | +5K | 19K |
| 375 | 0 | — | —% | ₹224.15 | 1,680 | ₹1.50 | 47.5% | 375 | 0 | 8K |
| 12K | 0 | 4K | —% | ₹204.80 | 1,700 | ₹1.50 | 45.2% | 1.6 L | +11K | 57K |
| — | — | — | 178.3% | ₹350.10 | 1,720 | ₹1.90 | 43.1% | 35K | +5K | 30K |
| 16K | 0 | — | —% | ₹183.30 | 1,740 | ₹2.45 | 41.4% | 64K | +6K | 42K |
| 26K | 0 | 750 | 34.8% | ₹140.05 | 1,760 | ₹3.15 | 40.0% | 60K | -3K | 29K |
| 34K | +5K | 8K | 38.4% | ₹135.70 | 1,780 | ₹4.20 | 37.9% | 1.3 L | +63K | 94K |
| 53K | -750 | 34K | 37.7% | ₹116.95 | 1,800 | ₹5.75 | 36.3% | 7.3 L | +26K | 1.7 L |
| 23K | -2K | 23K | 34.8% | ₹99.05 | 1,820 | ₹8.00 | 35.3% | 2.0 L | +21K | 69K |
| 45K | +5K | 57K | 35.2% | ₹82.55 | 1,840 | ₹10.95 | 33.7% | 4.5 L | +23K | 80K |
| 64K | +18K | 64K | 32.5% | ₹64.95 | 1,860 | ₹15.10 | 32.9% | 5.9 L | +44K | 1.1 L |
| 52K | +17K | 2.8 L | 31.5% | ₹52.50 | 1,880 | ₹22.00 | 32.7% | 8.2 L | +73K | 1.1 L |
| 3.8 L | +2.9 L | 20.4 L | 31.6% | ₹38.65 | 1,900 | ₹29.85 | 31.9% | 29.9 L | +2.2 L | 3.9 L |
| 8.4 L | +7.6 L | 37.9 L | 30.7% | ₹27.90 | 1,920 | ₹38.80 | 30.6% | 15.9 L | +33K | 1.3 L |
| 4.4 L | +1.4 L | 16.0 L | 30.2% | ₹19.65 | 1,940 | ₹49.20 | 30.7% | 4.3 L | -61K | 92K |
| 8.4 L | +1.4 L | 18.6 L | 29.7% | ₹13.15 | 1,960 | ₹62.20 | 30.1% | 6.1 L | -1.5 L | 2.9 L |
| 4.0 L | +1.2 L | 11.0 L | 29.9% | ₹8.85 | 1,980 | ₹76.85 | 28.2% | 2.6 L | -48K | 1.4 L |
| 13.4 L | +1.1 L | 23.3 L | 30.3% | ₹6.00 | 2,000ATM | ₹94.30 | 28.6% | 2.0 L | -2K | 1.2 L |
| 1.3 L | +47K | 5.4 L | 31.3% | ₹4.20 | 2,020 | ₹43.90 | 20.6% | — | — | — |
| 99K | +6K | 2.7 L | 32.3% | ₹3.00 | 2,040 | ₹129.90 | 87.9% | — | 0 | 3K |
| 82K | +11K | 1.7 L | 33.6% | ₹2.30 | 2,060 | ₹59.30 | —% | — | — | — |
| 1.3 L | +25K | 1.9 L | 34.4% | ₹1.60 | 2,080 | ₹157.10 | 49.5% | 3K | 0 | 1K |
| 2.1 L | +17K | 2.3 L | 36.0% | ₹1.30 | 2,100 | ₹171.00 | 89.9% | — | 0 | 2K |
| 30K | -4K | 37K | 37.3% | ₹0.95 | 2,120 | ₹123.95 | —% | — | — | — |
| 375 | +375 | 750 | 42.4% | ₹1.10 | 2,140 | ₹331.00 | 210.5% | — | 0 | 3K |
| 30K | -11K | 37K | 42.0% | ₹0.70 | 2,160 | ₹148.90 | —% | — | — | — |
| — | — | — | 105.4% | ₹51.60 | 2,180 | ₹123.80 | —% | — | — | — |
| 52K | -9K | 35K | 44.0% | ₹0.45 | 2,200 | ₹176.10 | —% | — | — | — |
| 375 | 0 | — | 67.9% | ₹12.90 | 2,220 | ₹150.95 | —% | — | — | — |
| 6K | 0 | — | 68.0% | ₹10.80 | 2,240 | ₹446.25 | 252.9% | — | 0 | 375 |
| 6K | 0 | 750 | 48.6% | ₹0.30 | 2,260 | ₹180.65 | —% | — | — | — |
| 5K | 0 | — | 68.3% | ₹7.50 | 2,280 | ₹236.40 | —% | — | — | — |
| — | — | — | 3.2% | ₹— | 2,300 | ₹— | —% | — | — | — |
| 1K | -1K | 14K | 57.3% | ₹0.40 | 2,320 | ₹269.05 | —% | — | — | — |
| — | — | — | 3.6% | ₹— | 2,340 | ₹— | —% | — | — | — |
| — | — | — | 100.1% | ₹17.40 | 2,360 | ₹303.05 | —% | — | — | — |
| — | — | — | 4.0% | ₹— | 2,380 | ₹— | —% | — | — | — |
| — | — | — | 99.0% | ₹13.15 | 2,400 | ₹338.20 | —% | — | — | — |
| — | — | — | 4.3% | ₹— | 2,420 | ₹— | —% | — | — | — |
| — | — | — | 4.5% | ₹— | 2,440 | ₹— | —% | — | — | — |
| — | — | — | 4.7% | ₹— | 2,460 | ₹— | —% | — | — | — |
| — | — | — | 4.9% | ₹— | 2,480 | ₹— | —% | — | — | — |
| — | — | — | 5.1% | ₹— | 2,500 | ₹— | —% | — | — | — |
| — | — | — | 5.2% | ₹— | 2,520 | ₹— | —% | — | — | — |
| — | — | — | 5.4% | ₹— | 2,540 | ₹— | —% | — | — | — |
| — | — | — | 5.6% | ₹— | 2,560 | ₹— | —% | — | — | — |
| — | — | — | 5.8% | ₹— | 2,580 | ₹— | —% | — | — | — |
| — | — | — | 5.9% | ₹— | 2,600 | ₹— | —% | — | — | — |
| — | — | — | 6.3% | ₹— | 2,640 | ₹— | —% | — | — | — |
| — | — | — | 6.6% | ₹— | 2,680 | ₹— | —% | — | — | — |
| — | — | — | 6.9% | ₹— | 2,720 | ₹— | —% | — | — | — |
| — | — | — | 7.3% | ₹— | 2,760 | ₹— | —% | — | — | — |
| — | — | — | 7.6% | ₹— | 2,800 | ₹— | —% | — | — | — |
| — | — | — | 7.9% | ₹— | 2,840 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
Key Strike Levels
Immediate resistance sits at ₹2000, backed by peak call OI, while strong support emerges at ₹1960-1980, anchored by highest put OI at ₹1000 and significant buildup below spot. The implied range centers on ₹1960–₹2000, defined by clustering open interest and concentrated writer activity. Spot hovers near the upper edge of this range, with ₹2080 looming as outer resistance.
OI Buildup Activity
Fresh long calls dominate at ₹2000, with a massive +5.97 lakh OI addition, signaling aggressive bullish bets and potential call writing capping gains. Additional long buildup at ₹1980 and ₹2080 shows momentum players targeting upside, though writers likely accumulate at ₹2000 to cap rallies. On the put side, longs add at ₹1960 (+67,875), ₹1980, and ₹2000, suggesting hedging below spot and a bearish bias.
Volatility Read
ATM IV at 19.51% reflects subdued but stabilizing premiums, while a bearish skew indicates higher demand for downside protection. Put skew and rising lower-strike OI affirm defensive positioning despite spot strength.
Strategy Implication
Bias tilts range-bound with bearish undertones, as writers defend ₹2000 and fresh longs build both above and below in anticipation of a breakout.