State Bank of India Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 840 | ₹— | —% | — | 0 | 2K |
| 0 | 0 | — | —% | ₹— | 860 | ₹— | —% | — | 0 | 44K |
| 750 | 0 | — | —% | ₹— | 880 | ₹— | —% | — | -2K | 38K |
| 74K | 0 | — | —% | ₹— | 900 | ₹— | —% | — | +18K | 4.7 L |
| 11K | 0 | — | —% | ₹— | 910 | ₹— | —% | — | +14K | 1.0 L |
| 3K | 0 | — | —% | ₹— | 920 | ₹— | —% | — | +7K | 2.5 L |
| 750 | 0 | — | —% | ₹— | 930 | ₹— | —% | — | -7K | 63K |
| 3K | 0 | — | —% | ₹— | 940 | ₹— | —% | — | +29K | 1.7 L |
| 1.8 L | +14K | — | —% | ₹— | 950 | ₹— | —% | — | +1.2 L | 10.4 L |
| 86K | +5K | — | —% | ₹— | 960 | ₹— | —% | — | +26K | 12.2 L |
| 41K | +3K | — | —% | ₹— | 970 | ₹— | —% | — | +92K | 10.7 L |
| 92K | +7K | — | —% | ₹— | 980 | ₹— | —% | — | +87K | 19.7 L |
| 1.6 L | +17K | — | —% | ₹— | 990 | ₹— | —% | — | +29K | 7.7 L |
| 11.6 L | +1.6 L | — | —% | ₹— | 1,000 | ₹— | —% | — | +2.3 L | 41.6 L |
| 4.1 L | +96K | — | —% | ₹— | 1,010 | ₹— | —% | — | +1.0 L | 8.2 L |
| 21.0 L | +7.0 L | — | —% | ₹— | 1,020 | ₹— | —% | — | +1.2 L | 27.8 L |
| 38.5 L | +4.3 L | — | —% | ₹— | 1,030 | ₹— | —% | — | +3.1 L | 30.4 L |
| 46.9 L | +4.0 L | — | —% | ₹— | 1,040 | ₹— | —% | — | +53K | 26.9 L |
| 67.7 L | +98K | — | —% | ₹— | 1,050 | ₹— | —% | — | +53K | 39.0 L |
| 49.5 L | +4.1 L | — | —% | ₹— | 1,060 | ₹— | —% | — | -35K | 18.4 L |
| 29.4 L | +1.7 L | — | —% | ₹— | 1,070 | ₹— | —% | — | -9K | 7.2 L |
| 38.1 L | +1.1 L | — | —% | ₹— | 1,080 | ₹— | —% | — | -2K | 9.7 L |
| 10.0 L | +20K | — | —% | ₹— | 1,090 | ₹— | —% | — | -2K | 1.7 L |
| 1.01 Cr | +5.0 L | — | —% | ₹— | 1,100ATM | ₹— | —% | — | +4K | 26.1 L |
| 12.7 L | +1.1 L | — | —% | ₹— | 1,110 | ₹— | —% | — | 0 | 84K |
| 27.2 L | +750 | — | —% | ₹— | 1,120 | ₹— | —% | — | 0 | 2.3 L |
| 13.3 L | +7K | — | —% | ₹— | 1,130 | ₹— | —% | — | 0 | 40K |
| 7.2 L | +28K | — | —% | ₹— | 1,140 | ₹— | —% | — | 0 | 26K |
| 22.0 L | +85K | — | —% | ₹— | 1,150 | ₹— | —% | — | 0 | 19.9 L |
| 9.7 L | +18K | — | —% | ₹— | 1,160 | ₹— | —% | — | 0 | 46K |
| 7.6 L | +59K | — | —% | ₹— | 1,170 | ₹— | —% | — | 0 | 6K |
| 3.9 L | -2K | — | —% | ₹— | 1,180 | ₹— | —% | — | +2K | 14K |
| 1.3 L | +2K | — | —% | ₹— | 1,190 | ₹— | —% | — | — | — |
| 20.1 L | -55K | — | —% | ₹— | 1,200 | ₹— | —% | — | +25K | 3.5 L |
| 1.9 L | +4K | — | —% | ₹— | 1,220 | ₹— | —% | — | +2K | 11K |
| 2.8 L | -4K | — | —% | ₹— | 1,240 | ₹— | —% | — | 0 | 65K |
| 65K | +750 | — | —% | ₹— | 1,260 | ₹— | —% | — | +750 | 5K |
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 (OI) profile shows a pronounced concentration of call contracts at the ₹1,100 strike, where 1,00,56,750 contracts sit, forming a clear resistance zone. On the put side, the ₹1,000 strike absorbs the largest put OI of 41,61,750 contracts, acting as a strong support level. Together these two clusters delineate an implied price corridor roughly between ₹1,000 and ₹1,100 for the September‑29 expiry.
OI Buildup Activity
During the latest trading session, fresh call OI accumulates at the ₹1,020 strike (+7,02,750), followed by the ₹1,100 (+4,92,750) and ₹1,030 (+4,29,000) levels, indicating that option writers are reinforcing positions near the upper‑range boundary. On the put side, new OI is added at the ₹1,030 strike (+3,23,250), then at ₹1,000 (+2,25,000) and ₹1,020 (+1,20,000), suggesting writers are bolstering protection around the lower‑range boundary. The pattern of incremental OI at adjacent strikes reflects a balanced hedging activity as market participants position for potential range‑bound movement.
Volatility Read
Implied volatility (IV) for the at‑the‑money (ATM) contract stands at 18.98%, indicating moderate pricing of forward‑looking risk. The volatility skew is bearish, with out‑of‑the‑money puts priced higher relative to calls, consistent with downside‑biased sentiment.
Key OI Levels
The highest call OI resides at the ₹1,100 strike, while the highest put OI is concentrated at the ₹1,000 strike.