BANKNIFTY option chain

IV vs HV, IV percentile & PCR history →

End of day 02 Nov 2026 · expiry 25 Jan 2027 (84 days) · lot 30

Spot

55,002.20

Future

55,811.20

Forward

55,764.60

23 Nov 2026 29 Dec 2026 25 Jan 2027 30 Mar 2027 29 Jun 2027 28 Sept 2027

PCR (OI)

0.90

Puts 18,150 / Calls 20,250

PCR (volume)

1.03

Puts 472 / Calls 457

Max pain

55,000

strike with least total payout to holders

Highest OI

55,000 CE · 54,000 PE

ΔOI calls +4,410 · puts +4,920

Open interest by strike

CallsPuts│ ATM┊ Max pain

Calls										Puts
Buildup	OI	ΔOI	Volume	IV %	Delta	Theta	Chg	LTP	Strike	LTP	Chg	Theta	Delta	IV %	Volume	ΔOI	OI	Buildup
Neutral	—	—	—	14.01	0.98	1.48	0.00	8,277.00	46,500	61.00	-6.00	-2.08	-0.03	20.42	4	+120	960	Short buildup
Neutral	—	—	—	14.63	0.98	1.16	0.00	7,811.20	47,000	52.00	+1.85	-1.81	-0.03	18.88	1	+30	60	Long buildup
Neutral	—	—	—	14.99	0.97	0.79	0.00	7,351.90	47,500	143.65	0.00	-1.08	-0.02	16.12	—	—	—	Neutral
Neutral	—	—	—	15.22	0.97	0.34	0.00	6,900.20	48,000	184.25	0.00	-1.42	-0.02	16.12	—	—	—	Neutral
Neutral	—	—	—	15.39	0.96	-0.17	0.00	6,457.15	48,500	233.50	0.00	-1.84	-0.03	16.13	—	—	—	Neutral
Neutral	—	—	—	15.51	0.95	-0.77	0.00	6,024.05	49,000	292.70	0.00	-2.32	-0.04	16.13	—	—	—	Neutral
Neutral	—	—	—	15.53	0.95	-0.89	0.00	5,938.75	49,100	305.80	0.00	-2.43	-0.05	16.13	—	—	—	Neutral
Neutral	—	—	—	15.55	0.94	-1.03	0.00	5,853.85	49,200	319.40	0.00	-2.54	-0.05	16.13	—	—	—	Neutral
Neutral	—	—	—	15.57	0.94	-1.16	0.00	5,769.45	49,300	333.45	0.00	-2.65	-0.05	16.13	—	—	—	Neutral
Neutral	—	—	—	15.59	0.94	-1.29	0.00	5,685.55	49,400	347.95	0.00	-2.77	-0.05	16.13	—	—	—	Neutral
Neutral	—	—	—	15.60	0.93	-1.43	0.00	5,602.05	49,500	362.95	0.00	-2.88	-0.06	16.13	—	—	—	Neutral
Neutral	—	—	—	15.62	0.93	-1.58	0.00	5,519.10	49,600	378.45	0.00	-3.00	-0.06	16.13	—	—	—	Neutral
Neutral	—	—	—	15.64	0.93	-1.72	0.00	5,436.65	49,700	394.45	0.00	-3.13	-0.06	16.14	—	—	—	Neutral
Neutral	—	—	—	15.65	0.92	-1.87	0.00	5,354.70	49,800	410.95	0.00	-3.25	-0.07	16.14	—	—	—	Neutral
Neutral	—	—	—	15.66	0.92	-2.02	0.00	5,273.25	49,900	428.00	0.00	-3.38	-0.07	16.14	—	—	—	Neutral
Neutral	60	—	—	15.68	0.92	-2.17	0.00	5,320.00	50,000	445.55	0.00	-3.51	-0.07	16.14	—	—	—	Neutral
Neutral	—	—	—	15.69	0.91	-2.32	0.00	5,112.00	50,100	463.65	0.00	-3.64	-0.08	16.14	—	—	—	Neutral
Neutral	—	—	—	15.70	0.91	-2.48	0.00	5,032.20	50,200	482.30	0.00	-3.78	-0.08	16.14	—	—	—	Neutral
Neutral	—	—	—	15.71	0.91	-2.64	0.00	4,952.95	50,300	501.50	0.00	-3.91	-0.08	16.14	—	—	—	Neutral
Neutral	—	—	—	15.72	0.90	-2.80	0.00	4,874.25	50,400	521.25	0.00	-4.05	-0.09	16.14	—	—	—	Neutral
Neutral	—	—	—	15.73	0.90	-2.96	0.00	4,796.15	50,500	541.60	0.00	-4.19	-0.09	16.14	—	—	—	Neutral
Neutral	—	—	—	15.74	0.89	-3.12	0.00	4,718.60	50,600	562.50	0.00	-4.34	-0.10	16.14	—	—	—	Neutral
Neutral	—	—	—	15.75	0.89	-3.29	0.00	4,641.65	50,700	584.05	0.00	-4.48	-0.10	16.14	—	—	—	Neutral
Neutral	—	—	—	15.76	0.88	-3.46	0.00	4,565.30	50,800	606.15	0.00	-4.62	-0.11	16.15	—	—	—	Neutral
Neutral	—	—	—	15.77	0.88	-3.63	0.00	4,489.60	50,900	628.85	0.00	-4.77	-0.11	16.15	—	—	—	Neutral
Long buildup	90	+90	3	15.30	0.88	-3.46	+485.55	4,900.00	51,000	266.95	-57.55	-5.14	-0.12	16.45	90	+1,680	2,280	Short buildup
Neutral	—	—	—	15.79	0.87	-3.96	0.00	4,339.95	51,100	676.15	0.00	-5.07	-0.12	16.15	—	—	—	Neutral
Neutral	—	—	—	15.80	0.86	-4.14	0.00	4,266.10	51,200	700.75	0.00	-5.22	-0.13	16.15	—	—	—	Neutral
Neutral	—	—	—	15.80	0.86	-4.31	0.00	4,194.80	51,300	727.90	0.00	-5.37	-0.13	16.15	—	—	—	Neutral
Neutral	—	—	—	15.81	0.85	-4.48	0.00	4,122.10	51,400	753.65	0.00	-5.52	-0.14	16.15	—	—	—	Neutral
Neutral	—	—	—	15.82	0.85	-4.65	0.00	4,050.00	51,500	325.00	-54.05	-5.69	-0.14	16.18	17	+300	540	Short buildup
Neutral	—	—	—	15.82	0.84	-4.82	0.00	3,978.60	51,600	807.10	0.00	-5.82	-0.15	16.15	—	—	—	Neutral
Neutral	—	—	—	15.83	0.84	-5.00	0.00	3,905.70	51,700	832.65	0.00	-5.97	-0.15	16.16	—	—	—	Neutral
Neutral	—	—	—	15.84	0.83	-5.17	0.00	3,835.85	51,800	861.20	0.00	-6.12	-0.16	16.16	—	—	—	Neutral
Neutral	—	—	—	15.84	0.82	-5.34	0.00	3,766.60	51,900	890.45	0.00	-6.27	-0.17	16.16	—	—	—	Neutral
Neutral	—	—	—	15.85	0.82	-5.51	0.00	3,698.10	52,000	427.00	-31.10	-6.58	-0.17	16.39	35	+210	960	Short buildup
Neutral	—	—	—	15.85	0.81	-5.68	0.00	3,630.25	52,100	951.00	0.00	-6.57	-0.18	16.16	—	—	—	Neutral
Neutral	—	—	—	15.86	0.81	-5.85	0.00	3,563.15	52,200	982.35	0.00	-6.72	-0.18	16.16	—	—	—	Neutral
Neutral	—	—	—	15.86	0.80	-6.02	0.00	3,496.70	52,300	1,014.40	0.00	-6.86	-0.19	16.16	—	—	—	Neutral
Neutral	—	—	—	15.87	0.79	-6.18	0.00	3,431.00	52,400	1,047.15	0.00	-7.01	-0.20	16.17	—	—	—	Neutral
Neutral	—	—	—	15.87	0.79	-6.35	0.00	3,366.00	52,500	476.65	-85.35	-6.78	-0.20	15.64	43	−90	1,110	Long unwinding
Neutral	—	—	—	15.88	0.78	-6.51	0.00	3,301.75	52,600	1,114.75	0.00	-7.29	-0.21	16.17	—	—	—	Neutral
Neutral	—	—	—	15.88	0.77	-6.67	0.00	3,238.15	52,700	1,149.65	0.00	-7.43	-0.22	16.17	—	—	—	Neutral
Neutral	—	—	—	15.88	0.76	-6.83	0.00	3,175.35	52,800	1,185.30	0.00	-7.57	-0.23	16.17	—	—	—	Neutral
Neutral	—	—	—	15.89	0.76	-6.98	0.00	3,113.25	52,900	1,221.65	0.00	-7.70	-0.23	16.17	—	—	—	Neutral
Neutral	—	—	—	15.89	0.75	-7.14	0.00	3,051.90	53,000	560.00	-100.00	-7.16	-0.23	15.20	16	+270	870	Short buildup
Neutral	90	—	—	15.90	0.74	-7.29	0.00	3,230.00	53,100	1,296.60	0.00	-7.96	-0.25	16.18	—	—	—	Neutral
Neutral	—	—	—	15.90	0.73	-7.43	0.00	2,931.40	53,200	1,335.15	0.00	-8.09	-0.26	16.18	—	—	—	Neutral
Neutral	—	—	—	15.90	0.73	-7.58	0.00	2,872.25	53,300	1,374.45	0.00	-8.21	-0.26	16.18	—	—	—	Neutral
Neutral	—	—	—	15.91	0.72	-7.72	0.00	2,813.85	53,400	1,414.50	0.00	-8.33	-0.27	16.18	—	—	—	Neutral
Long buildup	450	+90	3	14.15	0.73	-6.67	+125.00	2,835.00	53,500	700.70	-76.30	-7.83	-0.27	15.26	8	+180	420	Short buildup
Neutral	—	—	—	15.91	0.70	-7.99	0.00	2,699.30	53,600	1,496.90	0.00	-8.56	-0.29	16.19	—	—	—	Neutral
Neutral	30	—	—	15.92	0.69	-8.11	0.00	2,400.00	53,700	1,050.35	0.00	-8.67	-0.30	16.19	—	—	30	Neutral
Neutral	—	—	—	15.92	0.68	-8.24	0.00	2,587.75	53,800	1,080.05	0.00	-8.77	-0.30	16.19	—	—	30	Neutral
Neutral	—	—	—	15.92	0.68	-8.36	0.00	2,533.10	53,900	1,113.85	0.00	-8.87	-0.31	16.19	—	—	30	Neutral
Long buildup	480	+30	3	13.44	0.69	-6.86	+108.00	2,428.00	54,000	785.70	-115.75	-7.86	-0.31	14.48	117	+1,380	4,260	Short buildup
Neutral	—	—	—	15.93	0.66	-8.59	0.00	2,426.05	54,100	922.65	0.00	-9.06	-0.33	16.20	—	—	30	Neutral
Neutral	—	—	—	15.93	0.65	-8.69	0.00	2,373.70	54,200	990.00	0.00	-9.15	-0.34	16.20	—	—	60	Neutral
Neutral	—	—	—	15.93	0.64	-8.79	0.00	2,322.05	54,300	1,048.35	0.00	-9.23	-0.35	16.20	—	—	30	Neutral
Neutral	—	—	—	15.94	0.63	-8.89	0.00	2,271.15	54,400	924.00	-932.40	-8.21	-0.34	14.47	1	+30	30	Short buildup
Long buildup	570	+120	11	13.83	0.64	-7.65	+69.95	2,143.75	54,500	936.45	-132.10	-8.13	-0.35	14.21	10	+30	180	Short buildup
Neutral	—	—	—	15.94	0.61	-9.07	0.00	2,171.45	54,600	1,008.15	-945.45	-8.41	-0.36	14.55	1	+30	30	Short buildup
Neutral	—	—	—	15.94	0.61	-9.15	0.00	1,883.95	54,700	1,005.05	-3.25	-8.21	-0.37	14.13	1	−30	—	Long unwinding
Neutral	30	—	—	15.94	0.60	-9.22	0.00	2,063.00	54,800	1,038.15	-126.95	-8.23	-0.38	14.06	1	+30	30	Short buildup
Neutral	—	—	—	15.95	0.59	-9.29	0.00	2,027.85	54,900	1,108.90	-996.45	-8.47	-0.39	14.35	1	+30	30	Short buildup
Neutral	4,620	+30	72	13.79	0.59	-8.04	+125.30	1,846.85	55,000	1,094.00	-166.00	-8.18	-0.40	13.79	47	—	3,600	Neutral
Neutral	—	—	—	15.95	0.57	-9.42	0.00	1,749.25	55,100	1,157.10	-1,053.15	-8.34	-0.41	13.99	1	+30	30	Short buildup
Neutral	—	—	—	15.95	0.56	-9.47	0.00	1,687.90	55,200	1,375.60	0.00	-9.74	-0.43	16.22	—	—	30	Neutral
Neutral	—	—	—	15.96	0.55	-9.52	0.00	1,653.35	55,300	1,423.10	0.00	-9.77	-0.44	16.23	—	—	30	Neutral
Neutral	—	—	—	15.96	0.54	-9.56	0.00	1,803.30	55,400	1,294.25	-140.50	-8.45	-0.44	14.01	1	+30	60	Short buildup
Long buildup	630	+240	18	13.80	0.53	-8.29	+136.90	1,580.00	55,500	1,343.05	0.00	-9.81	-0.45	16.23	—	—	90	Neutral
Neutral	—	—	—	15.96	0.52	-9.63	0.00	1,718.60	55,600	1,384.60	0.00	-9.83	-0.46	16.24	—	—	—	Neutral
Long buildup	60	+30	1	12.67	0.51	-7.67	+9.20	1,362.90	55,700	1,484.25	0.00	-9.83	-0.47	16.24	—	—	30	Neutral
Neutral	—	—	—	15.96	0.50	-9.67	0.00	1,636.80	55,800	2,600.45	0.00	-9.84	-0.48	16.24	—	—	—	Neutral
Neutral	30	—	—	15.97	0.50	-9.69	0.00	1,253.30	55,900	1,521.00	+14.40	-8.36	-0.49	13.82	3	−30	—	Short covering
Long buildup	4,560	+1,350	131	13.77	0.48	-8.36	+148.40	1,336.35	56,000	1,469.00	-240.95	-7.74	-0.51	12.82	52	+540	1,770	Short buildup
Neutral	30	—	—	15.97	0.48	-9.70	0.00	1,298.50	56,100	2,778.45	0.00	-9.81	-0.51	16.26	—	—	—	Neutral
Neutral	30	—	—	15.97	0.47	-9.70	0.00	1,113.70	56,200	2,839.20	0.00	-9.79	-0.52	16.26	—	—	—	Neutral
Short covering	—	−30	1	12.48	0.44	-7.55	+58.30	1,071.10	56,300	2,900.65	0.00	-9.77	-0.53	16.26	—	—	—	Neutral
Neutral	—	—	—	15.97	0.45	-9.67	0.00	1,408.40	56,400	2,962.80	0.00	-9.74	-0.53	16.27	—	—	—	Neutral
Long buildup	2,850	+30	6	12.91	0.42	-7.75	+61.70	1,033.70	56,500	3,025.60	0.00	-9.71	-0.54	16.27	—	—	—	Neutral
Short covering	30	−30	1	13.33	0.41	-7.98	+40.90	1,037.90	56,600	3,089.10	0.00	-9.67	-0.55	16.28	—	—	—	Neutral
Neutral	30	—	—	15.98	0.42	-9.60	0.00	1,018.10	56,700	3,153.25	0.00	-9.62	-0.56	16.28	—	—	—	Neutral
Neutral	—	—	—	15.98	0.41	-9.57	0.00	1,269.90	56,800	3,218.10	0.00	-9.57	-0.57	16.29	—	—	—	Neutral
Neutral	—	—	—	15.98	0.41	-9.53	0.00	1,236.95	56,900	3,283.60	0.00	-9.52	-0.58	16.29	—	—	—	Neutral
Long buildup	3,540	+690	79	12.95	0.37	-7.54	+89.65	852.55	57,000	2,009.00	-291.00	-6.92	-0.62	12.35	22	+150	510	Short buildup
Neutral	—	—	—	15.98	0.39	-9.43	0.00	1,173.00	57,100	3,416.55	0.00	-9.39	-0.60	16.30	—	—	—	Neutral
Neutral	—	—	—	15.98	0.38	-9.38	0.00	1,141.95	57,200	3,484.00	0.00	-9.32	-0.60	16.31	—	—	—	Neutral
Neutral	—	—	—	15.98	0.37	-9.32	0.00	1,111.60	57,300	3,552.05	0.00	-9.25	-0.61	16.31	—	—	—	Neutral
Neutral	—	—	—	15.99	0.36	-9.25	0.00	1,081.80	57,400	3,620.75	0.00	-9.17	-0.62	16.32	—	—	—	Neutral
Short buildup	210	+210	9	12.93	0.32	-7.14	-362.70	690.00	57,500	3,690.10	0.00	-9.09	-0.63	16.32	—	—	—	Neutral
Neutral	—	—	—	15.99	0.35	-9.11	0.00	1,024.15	57,600	3,760.00	0.00	-9.01	-0.64	16.33	—	—	—	Neutral
Neutral	—	—	—	15.99	0.34	-9.04	0.00	996.25	57,700	3,830.55	0.00	-8.92	-0.64	16.34	—	—	—	Neutral
Neutral	—	—	—	15.99	0.33	-8.96	0.00	968.95	57,800	3,901.70	0.00	-8.83	-0.65	16.34	—	—	—	Neutral
Neutral	—	—	—	15.99	0.32	-8.87	0.00	942.20	57,900	3,973.45	0.00	-8.73	-0.66	16.35	—	—	—	Neutral
Neutral	—	—	—	15.99	0.31	-8.79	0.00	916.10	58,000	4,045.75	0.00	-8.63	-0.67	16.36	—	—	—	Neutral
Neutral	—	—	—	15.99	0.31	-8.70	0.00	890.55	58,100	4,118.65	0.00	-8.53	-0.68	16.36	—	—	—	Neutral
Neutral	—	—	—	15.99	0.30	-8.60	0.00	867.95	58,200	4,194.55	0.00	-8.42	-0.68	16.37	—	—	—	Neutral
Neutral	—	—	—	15.99	0.29	-8.50	0.00	843.70	58,300	4,268.70	0.00	-8.31	-0.69	16.38	—	—	—	Neutral
Neutral	—	—	—	16.00	0.28	-8.40	0.00	819.95	58,400	4,343.45	0.00	-8.20	-0.70	16.39	—	—	—	Neutral
Long buildup	1,800	+1,530	118	12.34	0.21	-5.62	+41.15	393.60	58,500	4,418.75	0.00	-8.09	-0.71	16.39	—	—	—	Neutral
Neutral	—	—	—	16.00	0.27	-8.19	0.00	774.15	58,600	4,494.55	0.00	-7.97	-0.71	16.40	—	—	—	Neutral
Neutral	—	—	—	16.00	0.26	-8.08	0.00	749.85	58,700	4,568.70	0.00	-7.85	-0.72	16.41	—	—	—	Neutral
Neutral	—	—	—	16.00	0.25	-7.97	0.00	728.10	58,800	4,645.45	0.00	-7.73	-0.73	16.42	—	—	—	Neutral
Neutral	—	—	—	16.00	0.25	-7.86	0.00	706.90	58,900	4,722.70	0.00	-7.61	-0.73	16.43	—	—	—	Neutral
Short buildup	30	+30	1	14.67	0.22	-6.75	-209.80	476.40	59,000	4,800.45	0.00	-7.48	-0.74	16.44	—	—	—	Neutral
Neutral	—	—	—	16.00	0.23	-7.63	0.00	666.00	59,100	4,878.70	0.00	-7.36	-0.75	16.45	—	—	—	Neutral
Neutral	—	—	—	16.00	0.23	-7.51	0.00	646.30	59,200	4,957.45	0.00	-7.23	-0.75	16.46	—	—	—	Neutral
Neutral	—	—	—	16.00	0.22	-7.39	0.00	627.05	59,300	5,036.65	0.00	-7.10	-0.76	16.47	—	—	—	Neutral
Neutral	—	—	—	16.00	0.21	-7.27	0.00	608.30	59,400	5,116.35	0.00	-6.97	-0.76	16.48	—	—	—	Neutral
Neutral	—	—	—	16.00	0.21	-7.14	0.00	590.00	59,500	5,196.50	0.00	-6.84	-0.77	16.49	—	—	—	Neutral
Neutral	—	—	—	16.00	0.20	-7.02	0.00	572.15	59,600	5,277.10	0.00	-6.71	-0.78	16.51	—	—	—	Neutral
Neutral	—	—	—	16.01	0.20	-6.89	0.00	554.75	59,700	5,358.20	0.00	-6.57	-0.78	16.52	—	—	—	Neutral
Neutral	—	—	—	16.01	0.19	-6.77	0.00	537.80	59,800	5,439.70	0.00	-6.44	-0.79	16.53	—	—	—	Neutral
Neutral	—	—	—	16.01	0.18	-6.64	0.00	521.30	59,900	5,521.60	0.00	-6.31	-0.79	16.55	—	—	—	Neutral
Neutral	—	—	—	16.01	0.18	-6.52	0.00	505.20	60,000	4,400.00	0.00	-6.17	-0.80	16.56	—	—	30	Neutral
Neutral	—	—	—	16.01	0.15	-5.88	0.00	430.80	60,500	6,021.90	0.00	-5.50	-0.82	16.64	—	—	—	Neutral
Neutral	—	—	—	16.01	0.13	-5.24	0.00	365.90	61,000	6,449.25	0.00	-4.85	-0.85	16.73	—	—	—	Neutral
Neutral	—	—	—	16.02	0.11	-4.63	0.00	309.50	61,500	6,885.15	0.00	-4.22	-0.87	16.84	—	—	—	Neutral
Neutral	—	—	—	16.02	0.09	-4.05	0.00	260.80	62,000	7,328.70	0.00	-3.62	-0.88	16.98	—	—	—	Neutral
Neutral	—	—	—	16.02	0.07	-3.50	0.00	218.85	62,500	7,779.05	0.00	-3.08	-0.90	17.14	—	—	—	Neutral

Source: NSE F&O bhavcopy (EOD, official). Black-76 on the forward; IV from close (settle if untraded). Forward: put-call parity, median of 5 near-ATM strikes. Discounting at 6.73% (carry implied by 23 Nov → 29 Dec futures). Buildup labels describe price and open-interest changes only and are not advice. Spot: NSE F&O bhavcopy underlying price.