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State Bank of India

NSE: SBINFinancial ServicesLot size: 750

State Bank of India Open Interest & PCR Analysis

₹1016.10Updated 4 Sept 2026, 03:30 pm IST
PCR
0.61Bearish signal
Max Pain
₹1050Spot below by ₹34
Total CE OI
55.42MCall writers
Total PE OI
33.79MPut writers
OI Buildup Signal
Neutral
Price movement < 0.3% threshold
Put-Call Ratio Gauge
0 — Bearish1.0 — Neutral2.0+ — Bullish
AI AnalysisGenerated daily after market close · AI-powered

OI Buildup Pattern

The expiry shows a neutral buildup, meaning that neither long‑building nor short‑building dynamics dominate. Price remains flat at ₹1,016.1 while open interest is unchanged, indicating that participants are maintaining existing positions rather than adding to either side. This equilibrium suggests a balance between bullish and bearish bets as traders await further directional cues.

Put‑Call Ratio

The put‑call ratio sits at 0.61, comfortably below the 1.0 neutral threshold, reflecting a modest bias toward call‑option usage. Compared with the prior day’s 0.624, the ratio has slipped slightly, signaling a marginal increase in call‑option demand relative to puts.

Futures OI

Futures open interest for this expiry is unchanged at zero, showing no net addition of new contracts. The flat futures OI implies that market participants are not altering their exposure through futures, reinforcing the overall neutrality observed in the options market.

Data Summary

Total open interest stands at 5,54,24,250 contracts, with call OI at 3,37,85,250, while price and OI both exhibit zero change for the current expiry.

Data as of 2026-09-04

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Frequently Asked Questions

What is State Bank of India PCR (Put-Call Ratio) today?
State Bank of India's current PCR is 0.61. A PCR above 1.2 is considered bullish (more put writing = floor support); below 0.8 is bearish; 0.8–1.2 is neutral. State Bank of India's PCR of 0.61 indicates bearish sentiment.
What is State Bank of India OI buildup type today?
State Bank of India is currently showing neutral positioning with no significant directional bias. This is determined by comparing today's price change direction with the direction of total OI change — using the standard F&O buildup classification framework.
What is total CE and PE open interest for State Bank of India?
State Bank of India has total CE (call) OI of 55424250 contracts and total PE (put) OI of 33785250 contracts for the nearest expiry. The PCR is 0.61.
How is open interest analysis useful for State Bank of India trading?
OI analysis for State Bank of India helps identify institutional positioning. High CE OI at a strike = call writers defending that level (resistance). High PE OI = put writers defending that level (support). The buildup type tells you whether smart money is building fresh positions (bullish/bearish) or exiting existing ones.
What is the max pain for State Bank of India?
State Bank of India's max pain is ₹1,050 — the strike price where option writers (sellers) collectively suffer the least financial loss at expiry. The current spot price vs max pain deviation guides near-term directional bias into expiry.