SBI Life Insurance Company Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 1,440 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 1,480 | ₹— | —% | — | 0 | 12K |
| 16K | 0 | — | —% | ₹— | 1,520 | ₹— | —% | — | -750 | 3K |
| 0 | 0 | — | —% | ₹— | 1,540 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 1,560 | ₹— | —% | — | 0 | 3K |
| 1K | 0 | — | —% | ₹— | 1,580 | ₹— | —% | — | 0 | 0 |
| 375 | 0 | — | —% | ₹— | 1,600 | ₹— | —% | — | +3K | 15K |
| 0 | 0 | — | —% | ₹— | 1,620 | ₹— | —% | — | +3K | 77K |
| 750 | 0 | — | —% | ₹— | 1,640 | ₹— | —% | — | +12K | 3.5 L |
| 2K | 0 | — | —% | ₹— | 1,660 | ₹— | —% | — | -3K | 1.8 L |
| 9K | +750 | — | —% | ₹— | 1,680 | ₹— | —% | — | +17K | 84K |
| 14K | -11K | — | —% | ₹— | 1,700 | ₹— | —% | — | +79K | 2.4 L |
| 54K | -31K | — | —% | ₹— | 1,720 | ₹— | —% | — | +31K | 93K |
| 1.3 L | -32K | — | —% | ₹— | 1,740 | ₹— | —% | — | +36K | 1.5 L |
| 2.4 L | +35K | — | —% | ₹— | 1,760 | ₹— | —% | — | +74K | 2.3 L |
| 4.3 L | +21K | — | —% | ₹— | 1,780 | ₹— | —% | — | +33K | 84K |
| 6.2 L | -750 | — | —% | ₹— | 1,800ATM | ₹— | —% | — | -13K | 1.9 L |
| 3.6 L | -88K | — | —% | ₹— | 1,820 | ₹— | —% | — | +375 | 15K |
| 4.3 L | +24K | — | —% | ₹— | 1,840 | ₹— | —% | — | 0 | 9K |
| 1.6 L | +46K | — | —% | ₹— | 1,860 | ₹— | —% | — | 0 | 8K |
| 82K | +27K | — | —% | ₹— | 1,880 | ₹— | —% | — | 0 | 8K |
| 2.6 L | +14K | — | —% | ₹— | 1,900 | ₹— | —% | — | 0 | 7K |
| 32K | +8K | — | —% | ₹— | 1,920 | ₹— | —% | — | +2K | 4K |
| 4.8 L | -8K | — | —% | ₹— | 1,940 | ₹— | —% | — | 0 | 10K |
| 5K | 0 | — | —% | ₹— | 1,960 | ₹— | —% | — | 0 | 375 |
| 3K | 0 | — | —% | ₹— | 1,980 | ₹— | —% | — | — | — |
| 22K | +3K | — | —% | ₹— | 2,000 | ₹— | —% | — | 0 | 1K |
| 0 | 0 | — | —% | ₹— | 2,040 | ₹— | —% | — | 0 | 2K |
| — | — | — | —% | ₹— | 2,080 | ₹— | —% | — | 0 | 375 |
| 23K | +1K | — | —% | ₹— | 2,100 | ₹— | —% | — | — | — |
| 7K | -750 | — | —% | ₹— | 2,120 | ₹— | —% | — | 0 | 2K |
| 6K | +2K | — | —% | ₹— | 2,160 | ₹— | —% | — | — | — |
| 96K | -375 | — | —% | ₹— | 2,200 | ₹— | —% | — | — | — |
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 landscape clusters tightly around the 1760 and 1860 call strikes, while put open interest forms a pronounced peak near 1700 and a secondary hump at 1740, together mapping a well‑defined market‑implied corridor. These concentrations suggest that traders collectively price the September‑29 expiry to settle somewhere between roughly ₹1 700 and ₹1 860, a band that captures both recent buying pressure and defensive positioning. With the underlying trading at ₹1 775, the spot sits almost exactly in the middle of the implied range, indicating that neither the call‑side resistance nor the put‑side support has yet been decisively breached.
OI Buildup Activity
During the most recent reporting window, fresh call open interest added 43,125 contracts at the 1860 strike, 35,625 at 1760 and 27,000 at 1880, reflecting a surge of new writer positions and speculative interest concentrated at higher strikes. On the put side, open interest grew by 79,500 contracts at 1700, 73,875 at 1760 and 35,250 at 1740, underscoring a substantial buildup of protective hedges and downside bias among market participants. The net inflows reinforce the previously identified resistance around 1860 and the support near 1700, while the symmetrical accumulation at 1760 on both sides points to a potential pivot point for subsequent price action.
Volatility Read
The at‑the‑money implied volatility stands at 16.11 %, indicating a moderate expectation of price movement through the September expiry and a relatively stable pricing environment. The volatility skew is bearish, with out‑of‑the‑money calls priced higher than comparable puts, which signals that market makers are charging a premium for upside exposure.
Key OI Levels
The highest call open interest resides at the 1860 strike, while the highest put open interest concentrates at the 1700 strike.