State Bank of India Option Chain, Max Pain & OI
Live SBIN option chain, max pain, open interest and PCR for India's largest public-sector bank.
State Bank of India (SBIN) is India's largest public-sector bank and a heavyweight in BankNifty, making its options a popular way to trade PSU-bank sentiment. Liquidity is strong and OI shifts can be sharp around results and policy news.
This page covers reading the SBIN option chain, max pain, open interest and PCR — all streamed live and lot-adjusted on Quintal Mind. NSE revises lot sizes periodically, so confirm the current contract specs on your broker terminal.
Reading the SBIN Option Chain
The SBIN option chain lists every available call and put strike for the current expiry on NSE, with last price, volume, open interest, change in OI, implied volatility and bid–ask for each. SBIN options trade with a strike gap of 10 and a lot size of 750.
Quintal Mind streams the SBIN chain live over a compressed WebSocket, so LTP, OI and IV update in real time during market hours instead of the 3-minute delay on the exchange site. The ATM strike is highlighted and the chain is centred on spot so the relevant strikes are always in view.
SBIN Max Pain & Open Interest
Max pain is the candidate settlement price that minimises the combined intrinsic payout of outstanding SBIN calls and puts for one expiry, weighted by open interest. It can change as OI changes and does not predict where the underlying will settle. Call and put OI concentrations show positioning, not guaranteed resistance or support.
Watching OI change (not just absolute OI) tells you whether positions at a strike are being built or unwound — the difference between fresh conviction and a fading move.
SBIN PCR & Sentiment
The SBIN Put-Call Ratio (PCR), computed from total put OI ÷ total call OI, is a quick sentiment gauge: a high PCR leans bullish (heavy put writing), a low PCR leans bearish (heavy call writing). Quintal Mind shows live PCR alongside the chain so you have context before every trade.
Frequently Asked Questions
When does SBIN options expiry happen?
SBIN single-stock options follow a monthly expiry on the last Thursday of the month, shifting earlier when that day is an NSE holiday.
What is the SBIN lot size?
SBIN F&O trades in a lot of roughly 750 shares with strikes about 10 points apart. NSE revises lot sizes periodically, so verify the current contract on your broker terminal.
Other Option Chains
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See the Live SBIN Chain
The full real-time SBIN option chain — every strike with LTP, OI, change in OI, IV and bid–ask — is available after a free sign-up.
Open SBIN Live →