VBL option chain
IV vs HV, IV percentile & PCR history →End of day 02 Nov 2026 · expiry 23 Nov 2026 (21 days) · lot 1275
Spot
397.14
Future
396.65
Forward
396.41
PCR (OI)
0.53
Puts 1.02 Cr / Calls 1.95 Cr
PCR (volume)
0.49
Puts 14,804 / Calls 30,328
Max pain
400
strike with least total payout to holders
Highest OI
400 CE · 400 PE
ΔOI calls −19.32 L · puts −6.88 L
Open interest by strike
CallsPuts│ ATM┊ Max pain
| Calls | Puts | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buildup | OI | ΔOI | IV % | Chg | LTP | Strike | LTP | Chg | IV % | ΔOI | OI | Buildup | ||||||
| — | — | 57.54 | — | 103.50 | 330 | 0.55 | — | 30.38 | — | — | ||||||||
| Neutral | — | — | 54.19 | 0.00 | 98.70 | 335 | 0.35 | -0.40 | 36.84 | +17,850 | 17,850 | Short buildup | ||||||
| Short buildup | 3,825 | +3,825 | — | -49.45 | 55.95 | 340 | 0.45 | -0.20 | 35.62 | −3,825 | 98,175 | Long unwinding | ||||||
| Neutral | — | — | 48.08 | 0.00 | 89.30 | 345 | 0.45 | -0.35 | 32.79 | +3,825 | 6,375 | Short buildup | ||||||
| Neutral | 2,550 | — | 51.56 | +10.00 | 50.00 | 350 | 0.60 | -0.65 | 31.70 | −58,650 | 2.24 L | Long unwinding | ||||||
| Neutral | — | — | 43.03 | 0.00 | 80.10 | 355 | 0.80 | -0.70 | 30.62 | −17,850 | 16,575 | Long unwinding | ||||||
| Long buildup | 21,675 | +10,200 | 24.66 | +2.70 | 36.75 | 360 | 1.25 | -0.90 | 30.77 | +1.76 L | 5.72 L | Short buildup | ||||||
| Neutral | 11,475 | — | 39.36 | 0.00 | 30.25 | 365 | 1.60 | -1.15 | 29.45 | −7,650 | 1.89 L | Long unwinding | ||||||
| Long buildup | 53,550 | +6,375 | 20.20 | +2.20 | 26.95 | 370 | 2.25 | -1.65 | 29.01 | −5.87 L | 13.22 L | Long unwinding | ||||||
| Long buildup | 2.49 L | +2,550 | 29.20 | +3.95 | 24.60 | 375 | 3.15 | -2.15 | 28.73 | +93,075 | 2.44 L | Short buildup | ||||||
| Long buildup | 70,125 | +25,500 | 27.78 | +3.90 | 20.45 | 380 | 4.15 | -2.65 | 27.92 | −1.21 L | 4.36 L | Long unwinding | ||||||
| Long buildup | 52,275 | +21,675 | 28.22 | +3.15 | 17.15 | 385 | 6.00 | -2.90 | 28.84 | +59,925 | 3.06 L | Short buildup | ||||||
| Long buildup | 3.63 L | +5,100 | 27.89 | +2.35 | 13.95 | 390 | 7.60 | -3.30 | 27.97 | −24,225 | 6.63 L | Long unwinding | ||||||
| Short covering | 3.85 L | −58,650 | 27.93 | +1.85 | 11.25 | 395 | 9.85 | -3.80 | 27.93 | +58,650 | 3.62 L | Short buildup | ||||||
| Short covering | 34.55 L | −93,075 | 28.18 | +1.55 | 9.00 | 400 | 12.50 | -4.25 | 27.97 | — | 20.02 L | Neutral | ||||||
| Short covering | 5.69 L | −1.26 L | 28.68 | +1.15 | 7.20 | 405 | 15.70 | -3.70 | 28.51 | −68,850 | 2.78 L | Long unwinding | ||||||
| Short covering | 18.88 L | −5.43 L | 28.98 | +0.95 | 5.65 | 410 | 19.75 | -3.60 | 30.60 | −1.34 L | 7.14 L | Long unwinding | ||||||
| Short covering | 7.92 L | −95,625 | 29.48 | +0.65 | 4.45 | 415 | 22.85 | -4.30 | 29.08 | −68,850 | 4.64 L | Long unwinding | ||||||
| Short covering | 30.45 L | −3.84 L | 30.20 | +0.60 | 3.55 | 420 | 27.65 | -3.75 | 32.26 | −21,675 | 8.27 L | Long unwinding | ||||||
| Long buildup | 4.67 L | +14,025 | 30.99 | +0.45 | 2.85 | 425 | 32.10 | -5.85 | 33.91 | −3,825 | 2.92 L | Long unwinding | ||||||
| Short covering | 16.87 L | −1.96 L | 31.58 | +0.35 | 2.25 | 430 | 35.20 | -6.55 | 29.13 | +8,925 | 4.41 L | Short buildup | ||||||
| Short covering | 2.35 L | −66,300 | 32.30 | +0.30 | 1.80 | 435 | 47.10 | 0.00 | — | — | 26,775 | Neutral | ||||||
| Short covering | 10.89 L | −1.24 L | 33.05 | +0.15 | 1.45 | 440 | 46.00 | -5.30 | 38.92 | −3,825 | 1.33 L | Long unwinding | ||||||
| Long buildup | 2.33 L | +12,750 | 33.64 | +0.15 | 1.15 | 445 | 30.45 | 0.00 | — | — | — | Neutral | ||||||
| Short covering | 16.12 L | −1.48 L | 34.53 | +0.10 | 0.95 | 450 | 53.00 | -9.40 | — | +1,275 | 1.25 L | Short buildup | ||||||
| Short covering | 1.11 L | −51,000 | 35.03 | +0.05 | 0.75 | 455 | 49.30 | 0.00 | — | — | 3,825 | Neutral | ||||||
| Neutral | 2.37 L | −49,725 | 35.05 | 0.00 | 0.55 | 460 | 66.00 | -6.10 | 50.10 | +10,200 | 1.25 L | Short buildup | ||||||
| Neutral | 1.05 L | −24,225 | 35.78 | 0.00 | 0.45 | 465 | 70.00 | 0.00 | — | — | 15,300 | Neutral | ||||||
| Neutral | 9.50 L | −35,700 | 35.30 | 0.00 | 0.30 | 470 | 80.30 | 0.00 | — | — | 80,325 | Neutral | ||||||
| Long unwinding | 45,900 | −7,650 | 37.12 | -0.05 | 0.30 | 475 | 65.00 | 0.00 | — | — | 2,550 | Neutral | ||||||
| Neutral | 8.38 L | −15,300 | 37.86 | 0.00 | 0.25 | 480 | 79.00 | -3.00 | — | +2,550 | 61,200 | Short buildup | ||||||
| Neutral | 19,125 | −19,125 | 39.57 | 0.00 | 0.25 | 485 | · | · | · | · | · | · | · | · | · | |||
| Long unwinding | 1.78 L | −7,650 | 38.49 | -0.10 | 0.15 | 490 | 83.80 | 0.00 | — | — | 3,825 | Neutral | ||||||
| Short buildup | 6.83 L | +11,475 | 41.61 | -0.10 | 0.15 | 500 | 98.00 | 0.00 | — | — | 1.71 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 6.62% (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.