Yes Bank Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 9 | ₹— | 17.5% | — | — | — |
| — | — | — | —% | ₹— | 10 | ₹— | 15.2% | — | — | — |
| — | — | — | —% | ₹— | 11 | ₹— | 13.1% | — | — | — |
| — | — | — | —% | ₹— | 12 | ₹— | 11.1% | — | — | — |
| — | — | — | —% | ₹— | 13 | ₹— | 9.4% | — | — | — |
| 9.0 L | 0 | — | —% | ₹5.91 | 14 | ₹0.01 | —% | 2.5 L | 0 | 3.64 Cr |
| 7.5 L | 0 | 62K | —% | ₹4.83 | 15 | ₹0.01 | —% | 16.8 L | -16.5 L | 71.8 L |
| 54.4 L | 0 | — | 91.3% | ₹3.92 | 16 | ₹0.01 | 71.0% | 5.6 L | +31K | 1.69 Cr |
| 64.1 L | 0 | 31K | —% | ₹2.75 | 17 | ₹0.02 | 58.9% | 49.8 L | -3.7 L | 3.44 Cr |
| 2.52 Cr | +1.2 L | 21.1 L | —% | ₹1.77 | 18 | ₹0.03 | 43.5% | 1.94 Cr | +5.6 L | 5.13 Cr |
| 2.32 Cr | -30.5 L | 3.40 Cr | 24.9% | ₹0.83 | 19 | ₹0.11 | 34.9% | 2.86 Cr | -7.2 L | 3.05 Cr |
| 9.97 Cr | +58.2 L | 11.27 Cr | 29.9% | ₹0.24 | 20 | ₹0.50 | 35.0% | 3.67 Cr | +4.7 L | 6.36 Cr |
| 13.71 Cr | +33.0 L | 11.31 Cr | 37.3% | ₹0.07 | 21ATM | ₹1.33 | 44.9% | 37.6 L | +31K | 3.44 Cr |
| 10.33 Cr | -23.9 L | 11.93 Cr | 46.1% | ₹0.03 | 22 | ₹2.30 | 62.2% | 8.1 L | -62K | 1.28 Cr |
| 9.50 Cr | -18.0 L | 2.43 Cr | 56.2% | ₹0.02 | 23 | ₹3.26 | 71.4% | 3.7 L | +62K | 32.0 L |
| 2.60 Cr | -47.9 L | 1.37 Cr | 62.5% | ₹0.01 | 24 | ₹4.27 | 81.3% | 62K | 0 | 45.7 L |
| — | — | — | 5.0% | ₹— | 25 | ₹— | —% | — | — | — |
| 1.21 Cr | -4.4 L | 10.6 L | —% | ₹0.01 | 26 | ₹6.05 | —% | — | 0 | 10.3 L |
| — | — | — | 6.8% | ₹— | 27 | ₹— | —% | — | — | — |
| 24.3 L | 0 | — | —% | ₹0.01 | 28 | ₹6.75 | —% | — | 0 | 31K |
| — | — | — | 8.3% | ₹— | 29 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
Key Strike Levels
Immediate resistance forms at ₹23, where call writers have anchored the highest fresh open interest. Strong support appears at ₹20, reinforced by significant put buying, with secondary cushion at ₹14 due to notable OI buildup. The implied range centers around ₹21–₹23, reflecting near-term directional bias.
OI Buildup Activity
Fresh long calls at ₹23, ₹22, and ₹21 signal aggressive call writing as writers test upside sustainability. The surge in put OI at ₹20 and ₹21 indicates defensive positioning, with traders building downside hedges. Notably, the ₹14 put’s OI increase suggests tail-risk protection, implying longs anticipate potential breakdowns.
Volatility Read
ATM IV holds at elevated 53.73%, pricing in heightened uncertainty ahead of long-term event risks. The bearish skew—steeper put skew and call writing at higher strikes—reveals traders prefer downside protection over upside conviction.
Strategy Implication
Bias leans bearish with capped upside, favoring premium sellers above ₹23 and hedged longs below ₹20.