SBIN option chain

IV vs HV, IV percentile & PCR history →

End of day 02 Nov 2026 · expiry 23 Nov 2026 (21 days) · lot 750

Spot

987.00

Future

990.20

Forward

989.71

23 Nov 2026 29 Dec 2026 25 Jan 2027

PCR (OI)

1.05

Puts 3.35 Cr / Calls 3.18 Cr

PCR (volume)

0.60

Puts 63,284 / Calls 1.05 L

Max pain

990

strike with least total payout to holders

Highest OI

1,000 CE · 1,100 PE

ΔOI calls +33.01 L · puts +12.88 L

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
Long buildup	36,000	+2,250	3	—	—	—	+16.00	182.00	800	0.35	-0.05	-0.06	-0.01	39.36	230	−15,000	3.52 L	Long unwinding
Short buildup	3,750	+3,750	5	—	—	—	-80.25	161.65	820	0.40	-0.20	-0.07	-0.01	35.97	76	+750	2.01 L	Neutral
Neutral	—	—	—	34.10	0.98	-0.07	0.00	223.10	840	0.60	-0.30	-0.09	-0.02	33.91	574	+36,000	4.91 L	Short buildup
Long buildup	9,750	+1,500	7	29.76	0.98	-0.04	+19.60	139.60	850	0.75	-0.50	-0.11	-0.03	32.97	879	−56,250	4.16 L	Long unwinding
Short covering	2,250	−750	1	—	—	—	+8.00	118.00	860	0.90	-0.75	-0.12	-0.03	31.80	601	−76,500	3.67 L	Long unwinding
Neutral	1,500	—	—	28.77	0.97	-0.09	0.00	105.65	870	1.15	-1.10	-0.14	-0.04	30.97	483	−36,000	6.41 L	Long unwinding
Neutral	12,000	—	—	27.40	0.96	-0.10	0.00	82.00	880	1.50	-1.60	-0.17	-0.05	30.26	1,585	−13,500	8.03 L	Long unwinding
Neutral	1,500	+750	3	23.73	0.97	-0.07	0.00	100.00	890	2.05	-2.10	-0.21	-0.06	29.89	943	−3,000	4.80 L	Neutral
Long buildup	3.17 L	+10,500	248	30.68	0.91	-0.27	+22.90	92.60	900	2.75	-2.65	-0.26	-0.08	29.47	2,891	+30,750	16.32 L	Short buildup
Short covering	96,000	−13,500	157	27.29	0.90	-0.24	+20.50	82.35	910	3.65	-3.45	-0.30	-0.11	29.03	2,631	−14,250	4.51 L	Long unwinding
Short covering	1.44 L	−31,500	148	29.63	0.85	-0.37	+21.00	74.80	920	4.85	-4.45	-0.35	-0.14	28.71	4,590	+2.32 L	18.79 L	Short buildup
Neutral	2.46 L	−750	254	29.18	0.82	-0.42	+19.85	66.35	930	6.30	-5.60	-0.40	-0.17	28.27	4,680	+95,250	9.38 L	Short buildup
Long buildup	3.96 L	+10,500	409	27.34	0.79	-0.43	+17.80	57.30	940	8.15	-6.90	-0.45	-0.21	27.91	5,874	−47,250	14.74 L	Long unwinding
Short covering	20.56 L	−1.05 L	2,352	27.16	0.74	-0.48	+16.45	49.70	950	10.50	-8.25	-0.50	-0.26	27.65	6,849	+1.82 L	30.79 L	Short buildup
Short covering	26.09 L	−2.10 L	4,794	26.79	0.69	-0.52	+14.80	42.45	960	13.30	-9.80	-0.54	-0.31	27.34	6,559	+84,000	32.80 L	Short buildup
Short covering	20.96 L	−4.94 L	8,075	26.83	0.63	-0.56	+13.50	36.10	970	16.50	-11.55	-0.57	-0.36	26.88	7,693	−1.22 L	22.29 L	Long unwinding
Long buildup	26.24 L	+1.30 L	16,155	26.43	0.57	-0.58	+11.75	29.95	980	20.35	-13.25	-0.58	-0.42	26.51	8,751	+3.31 L	21.64 L	Short buildup
Short covering	14.99 L	−18,750	10,057	26.33	0.51	-0.59	+10.20	24.70	990	24.85	-14.50	-0.58	-0.49	26.18	2,877	+3.64 L	10.16 L	Short buildup
Long buildup	47.20 L	+7.96 L	20,166	26.14	0.45	-0.58	+8.65	20.00	1,000	30.25	-16.05	-0.58	-0.55	26.14	3,112	+2.65 L	20.32 L	Short buildup
Long buildup	21.17 L	+7.47 L	7,903	25.92	0.38	-0.55	+7.10	15.90	1,010	35.90	-10.60	-0.55	-0.62	25.68	546	+14,250	5.12 L	Short buildup
Long buildup	13.39 L	+2.96 L	8,840	25.68	0.32	-0.52	+5.65	12.40	1,020	42.60	-19.15	-0.51	-0.67	25.71	181	+20,250	3.56 L	Short buildup
Long buildup	8.53 L	+2.54 L	5,468	25.66	0.27	-0.47	+4.55	9.65	1,030	49.55	-12.15	-0.46	-0.73	25.35	73	+9,000	1.42 L	Short buildup
Long buildup	9.77 L	+2.39 L	4,862	25.65	0.22	-0.43	+3.60	7.40	1,040	57.15	-18.45	-0.40	-0.78	25.13	49	+10,500	92,250	Short buildup
Long buildup	15.39 L	+3.25 L	4,336	25.73	0.18	-0.38	+2.85	5.65	1,050	65.05	-23.95	-0.33	-0.83	24.61	167	+17,250	15.22 L	Short buildup
Long buildup	8.36 L	+1.20 L	2,149	25.88	0.14	-0.33	+2.20	4.30	1,060	73.35	-23.35	-0.26	-0.88	23.92	72	+12,750	2.00 L	Short buildup
Long buildup	4.80 L	+1.45 L	972	25.93	0.11	-0.28	+1.65	3.20	1,070	106.00	0.00	-0.15	-0.93	21.80	—	—	17,250	Neutral
Long buildup	8.58 L	+1.35 L	1,130	26.25	0.09	-0.24	+1.30	2.45	1,080	91.80	-26.45	-0.18	-0.92	24.51	7	−4,500	48,000	Long unwinding
Long buildup	36.99 L	+9.22 L	5,005	26.99	0.06	-0.17	+0.70	1.45	1,100	110.30	-23.70	-0.04	-0.98	21.57	277	−26,250	41.28 L	Neutral
Short covering	12.45 L	−28,500	1,320	27.69	0.03	-0.12	+0.35	0.85	1,120	131.65	-21.75	-0.19	-0.94	32.03	11	+750	21.68 L	Neutral
Short covering	2.62 L	−13,500	211	30.34	0.02	-0.07	+0.20	0.40	1,160	·	·	·	·	·	·	·	·	·
Long buildup	7.13 L	+78,000	442	35.15	0.01	-0.06	+0.15	0.35	1,200	207.40	-22.15	—	—	—	23	−1,500	3.64 L	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 6.23% (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.