State Bank of India Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 27K | +3K | — | —% | ₹— | 800 | ₹— | —% | — | +1.1 L | 3.2 L |
| 0 | 0 | — | —% | ₹— | 820 | ₹— | —% | — | +56K | 1.5 L |
| 0 | 0 | — | —% | ₹— | 840 | ₹— | —% | — | +2.4 L | 4.2 L |
| 2K | 0 | — | —% | ₹— | 850 | ₹— | —% | — | +89K | 4.3 L |
| 3K | 0 | — | —% | ₹— | 860 | ₹— | —% | — | +67K | 2.9 L |
| 0 | 0 | — | —% | ₹— | 870 | ₹— | —% | — | +1.9 L | 5.0 L |
| 12K | 0 | — | —% | ₹— | 880 | ₹— | —% | — | +1.4 L | 8.7 L |
| 750 | 0 | — | —% | ₹— | 890 | ₹— | —% | — | +82K | 4.7 L |
| 2.9 L | +14K | — | —% | ₹— | 900 | ₹— | —% | — | +1.8 L | 15.1 L |
| 71K | +750 | — | —% | ₹— | 910 | ₹— | —% | — | +98K | 4.6 L |
| 1.9 L | +7K | — | —% | ₹— | 920 | ₹— | —% | — | +98K | 14.9 L |
| 2.9 L | +23K | — | —% | ₹— | 930 | ₹— | —% | — | +1.4 L | 9.1 L |
| 4.3 L | +26K | — | —% | ₹— | 940 | ₹— | —% | — | +3.5 L | 16.0 L |
| 23.2 L | +40K | — | —% | ₹— | 950 | ₹— | —% | — | +6.4 L | 29.6 L |
| 32.3 L | +3.7 L | — | —% | ₹— | 960 | ₹— | —% | — | +2.8 L | 28.3 L |
| 22.8 L | +92K | — | —% | ₹— | 970 | ₹— | —% | — | +77K | 20.2 L |
| 22.1 L | +2.5 L | — | —% | ₹— | 980 | ₹— | —% | — | +39K | 17.2 L |
| 8.5 L | +1.1 L | — | —% | ₹— | 990 | ₹— | —% | — | +53K | 3.8 L |
| 35.9 L | +2.2 L | — | —% | ₹— | 1,000 | ₹— | —% | — | +38K | 17.1 L |
| 13.2 L | +2.6 L | — | —% | ₹— | 1,010 | ₹— | —% | — | 0 | 5.0 L |
| 8.4 L | +1.0 L | — | —% | ₹— | 1,020 | ₹— | —% | — | +6K | 3.4 L |
| 6.0 L | +1.6 L | — | —% | ₹— | 1,030 | ₹— | —% | — | 0 | 1.3 L |
| 7.2 L | +1.5 L | — | —% | ₹— | 1,040 | ₹— | —% | — | +3K | 83K |
| 13.4 L | +1.2 L | — | —% | ₹— | 1,050 | ₹— | —% | — | +5K | 15.0 L |
| 6.8 L | +1.2 L | — | —% | ₹— | 1,060 | ₹— | —% | — | 0 | 1.9 L |
| 2.3 L | +74K | — | —% | ₹— | 1,070 | ₹— | —% | — | 0 | 17K |
| 4.8 L | +2.0 L | — | —% | ₹— | 1,080 | ₹— | —% | — | -750 | 53K |
| 27.2 L | +1.4 L | — | —% | ₹— | 1,100ATM | ₹— | —% | — | -750 | 41.6 L |
| 12.5 L | +77K | — | —% | ₹— | 1,120 | ₹— | —% | — | +2K | 21.7 L |
| 2.8 L | +37K | — | —% | ₹— | 1,160 | ₹— | —% | — | — | — |
| 6.3 L | +48K | — | —% | ₹— | 1,200 | ₹— | —% | — | 0 | 3.6 L |
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 clusters around the 960, 980 and 1010 call strikes, together holding roughly 8.5 million contracts, which defines a strong resistance corridor near ₹970‑₹1,010, and the concentration of these contracts signals that traders are positioning for potential upside moves while monitoring the proximity of the strike to the current spot price today. On the put side, OI concentrates at 940, 950 and 960, amassing about 11.5 million contracts and establishing a support band from ₹940 to ₹960. The implied range derived from the ATM IV of 24.45 % spans roughly ₹900‑₹1,030, comfortably encompassing both the identified resistance and support zones.
OI Buildup Activity
Fresh call OI inflows add 3.77 million at the 960 strike, 2.65 million at 1010 and 2.52 million at 980, indicating that option writers are reinforcing the upper boundary. Put side additions consist of 6.43 million contracts at 950, 3.41 million at 940 and 2.76 million at 960, showing accumulation of protection near the lower band. The highest open interest remains at 1,100 contracts for the 950 put (41,65,500) and 1,000 contracts for the 960 call (35,93,250), suggesting that market participants have locked in key barrier levels.
Volatility Read
The at‑the‑money implied volatility sits at 24.45 %, reflecting moderate pricing of variance for the upcoming November expiry. Implied skew is neutral, indicating no pronounced bias toward either call or put premiums across the observed strikes.
Key OI Levels
The strikes with the largest open interest are the 960 call (1,000 contracts) and the 950 put (1,100 contracts).