State Bank of India Option Chain Analysis
2026-04-282026-05-26
Total CE OI
3.97 Cr
Total PE OI
3.46 Cr
PCR
0.87
Neutral
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 540 | ₹— | 15.9% | — | — | — |
| — | — | — | —% | ₹— | 560 | ₹— | 15.1% | — | — | — |
| — | — | — | —% | ₹— | 580 | ₹— | 14.3% | — | — | — |
| — | — | — | —% | ₹— | 600 | ₹— | 13.6% | — | — | — |
| — | — | — | —% | ₹— | 620 | ₹— | 12.8% | — | — | — |
| — | — | — | —% | ₹— | 640 | ₹— | 12.1% | — | — | — |
| — | — | — | —% | ₹— | 660 | ₹— | 11.5% | — | — | — |
| — | — | — | —% | ₹— | 680 | ₹— | 10.8% | — | — | — |
| — | — | — | —% | ₹— | 690 | ₹— | 10.5% | — | — | — |
| — | — | — | —% | ₹— | 700 | ₹— | 10.2% | — | — | — |
| — | — | — | —% | ₹— | 710 | ₹— | 9.8% | — | — | — |
| — | — | — | —% | ₹— | 720 | ₹— | 9.6% | — | — | — |
| — | — | — | —% | ₹— | 730 | ₹— | 9.3% | — | — | — |
| — | — | — | —% | ₹— | 740 | ₹— | 8.9% | — | — | — |
| — | — | — | —% | ₹— | 750 | ₹— | 8.6% | — | — | — |
| — | — | — | —% | ₹— | 760 | ₹— | 8.3% | — | — | — |
| — | — | — | —% | ₹— | 770 | ₹— | 8.1% | — | — | — |
| — | — | — | —% | ₹— | 780 | ₹— | 7.8% | — | — | — |
| — | — | — | —% | ₹— | 790 | ₹— | 7.5% | — | — | — |
| — | — | — | —% | ₹— | 800 | ₹— | 7.2% | — | — | — |
| — | — | — | —% | ₹— | 810 | ₹— | 7.0% | — | — | — |
| — | — | — | —% | ₹362.85 | 820 | ₹0.10 | —% | 17K | -17K | 3.5 L |
| — | — | — | —% | ₹— | 830 | ₹— | 6.4% | — | — | — |
| — | — | — | —% | ₹227.00 | 840 | ₹0.15 | 74.7% | — | 0 | 1.1 L |
| — | — | — | —% | ₹— | 850 | ₹— | 5.9% | — | — | — |
| — | — | — | —% | ₹208.00 | 860 | ₹0.10 | 67.2% | 11K | -5K | 3.0 L |
| — | — | — | —% | ₹165.20 | 870 | ₹0.15 | 67.8% | 10K | -9K | 1.8 L |
| — | — | — | —% | ₹189.30 | 880 | ₹0.20 | 66.2% | 5K | -4K | 2.0 L |
| — | — | — | —% | ₹180.10 | 890 | ₹0.20 | 64.2% | 4K | 0 | 1.3 L |
| 5.1 L | 0 | — | —% | ₹205.00 | 900 | ₹0.25 | 62.9% | 1.2 L | -47K | 11.9 L |
| 91K | 0 | — | 86.2% | ₹202.55 | 910 | ₹0.25 | 59.3% | 24K | 0 | 2.6 L |
| 43K | 0 | — | —% | ₹162.95 | 920 | ₹0.25 | 57.0% | 47K | -21K | 10.4 L |
| 59K | 0 | — | —% | ₹146.90 | 930 | ₹0.35 | 56.8% | 38K | -9K | 2.5 L |
| 47K | 0 | — | —% | ₹104.25 | 940 | ₹0.35 | 53.5% | 49K | -14K | 3.0 L |
| 2.4 L | 0 | 3K | —% | ₹161.05 | 950 | ₹0.40 | 51.4% | 1.1 L | -33K | 8.8 L |
| 1.0 L | 0 | — | 55.8% | ₹150.95 | 960 | ₹0.45 | 49.4% | 2.1 L | -67K | 2.8 L |
| — | — | — | —% | ₹— | 965 | ₹0.45 | 47.2% | 2K | 0 | 83K |
| 1.4 L | 0 | — | 72.2% | ₹144.70 | 970 | ₹0.50 | 47.0% | 1.4 L | -18K | 4.4 L |
| 98K | 0 | — | —% | ₹97.30 | 975 | ₹0.55 | 45.8% | 12K | +2K | 1.1 L |
| 2.2 L | -750 | 34K | —% | ₹132.70 | 980 | ₹0.60 | 45.4% | 3.2 L | -48K | 9.6 L |
| 1.9 L | 0 | — | —% | ₹122.25 | 985 | ₹0.60 | 43.9% | 45K | +11K | 2.5 L |
| 2.6 L | 0 | 3K | —% | ₹119.35 | 990 | ₹0.65 | 42.9% | 3.5 L | -68K | 7.3 L |
| 1.8 L | 0 | — | —% | ₹109.50 | 995 | ₹0.80 | 42.8% | 31K | +2K | 3.5 L |
| 20.8 L | -26K | 56K | —% | ₹113.00 | 1,000 | ₹0.80 | 41.2% | 14.6 L | +24K | 38.5 L |
| 2.3 L | 0 | 750 | —% | ₹104.00 | 1,005 | ₹0.85 | 40.0% | 50K | +7K | 2.9 L |
| 2.5 L | 0 | 750 | —% | ₹99.60 | 1,010 | ₹0.95 | 39.3% | 4.5 L | -39K | 9.3 L |
| 1.1 L | 0 | 750 | —% | ₹95.00 | 1,015 | ₹1.05 | 38.3% | 50K | -15K | 1.1 L |
| 9.2 L | -2K | 10K | —% | ₹91.05 | 1,020 | ₹1.15 | 37.2% | 6.1 L | -49K | 8.0 L |
| 3.7 L | 0 | — | —% | ₹80.55 | 1,025 | ₹1.30 | 36.5% | 32K | +3K | 2.5 L |
| 4.0 L | -3K | 23K | —% | ₹82.50 | 1,030 | ₹1.40 | 35.4% | 3.6 L | -50K | 8.5 L |
| 2.4 L | 0 | 750 | 27.1% | ₹77.35 | 1,035 | ₹1.55 | 34.6% | 1.0 L | +2K | 2.4 L |
| 6.4 L | -13K | 23K | —% | ₹72.00 | 1,040 | ₹1.75 | 33.8% | 8.2 L | -95K | 9.3 L |
| 4.4 L | 0 | 6K | —% | ₹67.05 | 1,045 | ₹2.00 | 32.8% | 1.9 L | +26K | 4.4 L |
| 9.0 L | -62K | 1.8 L | —% | ₹62.25 | 1,050 | ₹2.30 | 31.9% | 12.7 L | +61K | 26.1 L |
| 4.4 L | +5K | 31K | —% | ₹53.30 | 1,055 | ₹2.65 | 31.5% | 1.9 L | -9K | 2.6 L |
| 6.0 L | -10K | 72K | —% | ₹53.20 | 1,060 | ₹3.00 | 30.7% | 8.5 L | -35K | 8.9 L |
| 4.2 L | -18K | 25K | 20.0% | ₹50.10 | 1,065 | ₹3.50 | 29.8% | 3.2 L | +14K | 3.9 L |
| 11.2 L | -20K | 1.6 L | 15.7% | ₹43.50 | 1,070 | ₹4.10 | 29.3% | 23.1 L | +4.2 L | 17.4 L |
| 4.5 L | +8K | 51K | 18.3% | ₹39.95 | 1,075 | ₹5.00 | 29.0% | 4.4 L | +27K | 4.9 L |
| 15.5 L | -16K | 4.1 L | 19.7% | ₹35.30 | 1,080 | ₹5.80 | 28.2% | 24.1 L | +76K | 15.2 L |
| 5.9 L | -11K | 95K | 21.4% | ₹31.70 | 1,085 | ₹7.15 | 28.5% | 9.1 L | +53K | 4.9 L |
| 10.2 L | +13K | 4.3 L | 22.1% | ₹28.20 | 1,090 | ₹8.45 | 28.4% | 19.2 L | +1.2 L | 8.3 L |
| 4.1 L | -15K | 3.0 L | 22.6% | ₹24.65 | 1,095 | ₹10.15 | 28.3% | 8.8 L | +62K | 4.4 L |
| 27.5 L | -59K | 39.8 L | 22.8% | ₹21.65 | 1,100ATM | ₹11.70 | 28.0% | 48.5 L | +2.6 L | 32.8 L |
| 6.3 L | -1.1 L | 20.3 L | 22.9% | ₹18.50 | 1,105 | ₹13.95 | 28.3% | 14.2 L | +92K | 5.9 L |
| 16.9 L | +7.3 L | 62.3 L | 23.4% | ₹16.20 | 1,110 | ₹16.30 | 28.4% | 30.6 L | +2.7 L | 8.5 L |
| 10.2 L | +4.8 L | 33.2 L | 23.3% | ₹13.50 | 1,115 | ₹19.20 | 28.8% | 9.1 L | +44K | 4.3 L |
| 25.3 L | +4.5 L | 71.0 L | 23.6% | ₹11.50 | 1,120 | ₹21.80 | 28.8% | 7.6 L | +77K | 7.5 L |
| 5.1 L | +59K | 13.2 L | 23.6% | ₹9.70 | 1,125 | ₹24.70 | 29.2% | 1.5 L | +5K | 1.9 L |
| 15.3 L | +98K | 32.7 L | 23.6% | ₹7.95 | 1,130 | ₹28.00 | 28.4% | 1.7 L | -2K | 2.0 L |
| 2.7 L | +16K | 11.1 L | 24.1% | ₹6.75 | 1,135 | ₹31.80 | 29.8% | 41K | +12K | 70K |
| 9.0 L | -18K | 25.4 L | 24.1% | ₹5.45 | 1,140 | ₹35.85 | 30.9% | 95K | -3K | 2.5 L |
| 1.5 L | +41K | 3.4 L | 24.3% | ₹4.40 | 1,145 | ₹43.50 | 33.9% | — | 0 | 12K |
| 19.7 L | -1.1 L | 35.4 L | 24.7% | ₹3.75 | 1,150 | ₹43.80 | 31.7% | 6.5 L | -2.5 L | 3.4 L |
| 2.0 L | +52K | 3.4 L | 25.0% | ₹3.05 | 1,155 | ₹47.50 | 33.0% | 13K | +10K | 16K |
| 7.9 L | -15K | 11.3 L | 25.1% | ₹2.45 | 1,160 | ₹50.70 | 33.6% | 22K | +2K | 1.7 L |
| 1.9 L | -4K | 1.3 L | 25.0% | ₹1.90 | 1,165 | ₹170.45 | 218.6% | — | 0 | 15K |
| 4.2 L | -93K | 8.5 L | 25.7% | ₹1.65 | 1,170 | ₹61.45 | 26.7% | — | 0 | 4K |
| 1.6 L | -41K | 1.6 L | 26.3% | ₹1.40 | 1,175 | ₹190.95 | 241.1% | — | 0 | 2K |
| 7.7 L | +61K | 9.3 L | 26.9% | ₹1.20 | 1,180 | ₹72.40 | 41.0% | 750 | 0 | 1.0 L |
| 65K | -2K | 23K | 27.8% | ₹1.10 | 1,185 | ₹182.85 | 218.2% | — | 0 | 65K |
| 5.2 L | -10K | 4.5 L | 28.3% | ₹0.90 | 1,190 | ₹120.00 | 111.9% | — | 0 | 5K |
| 59K | +750 | 16K | 27.6% | ₹0.70 | 1,195 | ₹— | —% | — | — | — |
| 33.4 L | +2.0 L | 20.0 L | 29.6% | ₹0.70 | 1,200 | ₹90.50 | 43.6% | 77K | -37K | 4.3 L |
| 35K | +2K | 5K | 29.8% | ₹0.60 | 1,205 | ₹— | —% | — | — | — |
| 2.1 L | -5K | 2.8 L | 30.2% | ₹0.50 | 1,210 | ₹140.00 | 121.8% | — | +750 | 750 |
| 43K | -2K | 6K | 30.4% | ₹0.45 | 1,215 | ₹217.20 | 241.5% | — | 0 | 2K |
| 4.2 L | -11K | 2.0 L | 31.8% | ₹0.40 | 1,220 | ₹108.70 | 46.1% | 2K | -2K | 5K |
| 14K | 0 | — | 33.9% | ₹0.45 | 1,225 | ₹178.00 | 167.7% | — | 0 | 750 |
| 2.5 L | +28K | 69K | 31.3% | ₹0.25 | 1,230 | ₹125.00 | 58.9% | — | 0 | 16K |
| 11K | 0 | — | 34.2% | ₹0.30 | 1,235 | ₹— | —% | — | — | — |
| 2.3 L | -13K | 36K | 33.5% | ₹0.25 | 1,240 | ₹175.30 | 145.0% | — | — | — |
| 23K | 0 | 2K | 36.7% | ₹0.35 | 1,245 | ₹— | —% | — | — | — |
| 6.4 L | +750 | 38K | 35.2% | ₹0.20 | 1,250 | ₹141.05 | 54.2% | 5K | -750 | 42K |
| 20K | -5K | 24K | 36.3% | ₹0.20 | 1,255 | ₹— | —% | — | — | — |
| 74K | -17K | 34K | 37.2% | ₹0.20 | 1,260 | ₹193.20 | 150.2% | — | — | — |
| 8K | 0 | — | 38.6% | ₹0.20 | 1,265 | ₹— | —% | — | — | — |
| 13K | +2K | 8K | 39.3% | ₹0.20 | 1,270 | ₹127.90 | —% | — | — | — |
| 14K | -2K | 4K | 39.9% | ₹0.15 | 1,280 | ₹289.95 | —% | — | 0 | 2K |
| 9K | 0 | — | 43.5% | ₹0.20 | 1,290 | ₹278.00 | 255.3% | — | 0 | 750 |
| 9.0 L | -15K | 71K | 43.6% | ₹0.15 | 1,300 | ₹230.00 | 161.0% | — | 0 | 23K |
| 750 | 0 | — | 50.8% | ₹0.35 | 1,310 | ₹159.95 | —% | — | — | — |
| 6K | 0 | 4K | 45.6% | ₹0.10 | 1,320 | ₹249.05 | —% | — | — | — |
| 38K | 0 | 43K | 47.3% | ₹0.10 | 1,330 | ₹278.30 | 205.9% | — | 0 | 27K |
| 9.1 L | -7K | 47K | 48.8% | ₹0.10 | 1,340 | ₹268.10 | 172.7% | — | — | — |
| — | — | — | 4.3% | ₹— | 1,350 | ₹— | —% | — | — | — |
| — | — | — | 4.5% | ₹— | 1,360 | ₹— | —% | — | — | — |
| — | — | — | 4.6% | ₹— | 1,370 | ₹— | —% | — | — | — |
| — | — | — | 4.8% | ₹— | 1,380 | ₹— | —% | — | — | — |
| — | — | — | 5.0% | ₹— | 1,390 | ₹— | —% | — | — | — |
| — | — | — | 5.1% | ₹— | 1,400 | ₹— | —% | — | — | — |
| — | — | — | 5.3% | ₹— | 1,410 | ₹— | —% | — | — | — |
| — | — | — | 5.4% | ₹— | 1,420 | ₹— | —% | — | — | — |
| — | — | — | 5.6% | ₹— | 1,430 | ₹— | —% | — | — | — |
| — | — | — | 5.7% | ₹— | 1,440 | ₹— | —% | — | — | — |
| — | — | — | 6.0% | ₹— | 1,460 | ₹— | —% | — | — | — |
| — | — | — | 6.3% | ₹— | 1,480 | ₹— | —% | — | — | — |
| — | — | — | 6.6% | ₹— | 1,500 | ₹— | —% | — | — | — |
| — | — | — | 6.9% | ₹— | 1,520 | ₹— | —% | — | — | — |
| — | — | — | 7.2% | ₹— | 1,540 | ₹— | —% | — | — | — |
| — | — | — | 7.5% | ₹— | 1,560 | ₹— | —% | — | — | — |
| — | — | — | 7.8% | ₹— | 1,580 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
AI AnalysisGenerated daily after market close · AI-powered
Key Strike Levels
Immediate resistance rests at 1100 CE, housing the highest call OI, acting as a strong supply zone. Major support lies at 1000 PE, where put OI peaks, signaling strong defensive positioning. The implied range, based on OI concentrations, sits between 1000 and 1100, with 1080–1085 emerging as near-term pivot zones.
OI Buildup Activity
Fresh longs are building in 1150 and 1170 CE, suggesting aggressive call writing or speculative bullish positioning ahead of resistance. On the put side, 1000 PE sees significant OI addition, indicating writers are anchoring downside protection. Concurrent buildup at 1080 PE and 1085 CE reflects two-way action near current spot, likely from hedging and spread activity.
Volatility Read
ATM IV at 25.03% sits moderately elevated, supporting premium-rich conditions favorable for writers. The bearish skew—higher put skew and call buying at strikes above spot—reflects hedging bias and caution into mid-term expiry.
Strategy Implication
Bias leans cautiously defensive with asymmetric long call structures suggesting potential for upside volatility bursts, but writers control key levels.
Related Analysis
Frequently Asked Questions
What is the highest call OI strike for State Bank of India today?▾
The strike with highest call (CE) open interest for State Bank of India is ₹1,200 for the 2026-04-28 expiry. This acts as a key resistance level since call writers will defend this strike aggressively near expiry.
What is the highest put OI strike for State Bank of India today?▾
The strike with highest put (PE) open interest for State Bank of India is ₹1,000 for the 2026-04-28 expiry. This acts as a key support level — put writers will tend to defend this level near expiry.
What does OI buildup in State Bank of India options mean?▾
Open Interest (OI) buildup in State Bank of India options shows how many net new contracts are being created at each strike. Rising OI at a strike means fresh positions (writers or buyers). Rising OI with rising price = long buildup (bullish); rising OI with falling price = short buildup (bearish).
When does State Bank of India options expire?▾
State Bank of India options have their nearest expiry on 2026-04-28. NSE F&O stocks have monthly expiry contracts — typically the last Tuesday of each month. MarketNetra shows data for the nearest two expiries.
How to read State Bank of India option chain?▾
The State Bank of India option chain shows calls (CE) on the left and puts (PE) on the right for each strike price. Key columns: OI (total open contracts), OI Change (new positions today), Volume (today's trades), IV (implied volatility — higher = more uncertainty), and LTP (last traded price). The ATM (at-the-money) strike is highlighted in blue.