SBILIFE options
SBI Life Insurance option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹33.00 | ±2.01% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹1,607.00 – ₹1,673.00 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹1,700 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹1,680 | 1,60,125 contracts — the largest put position on the chain |
| Heaviest call strike | ₹1,800 | 2,70,750 contracts — the largest call position on the chain |
| Put-call ratio | 0.64 | Total put open interest divided by total call open interest across the chain |
| Implied volatility (ATM) | 23.50% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹33.00
- Implied range
- ₹1,607 – ₹1,673
- Max pain
- ₹1,700
- Implied volatility
- 23.50%
±2.01% over 4 days, from the ₹1,640 straddle
What option prices imply, not a forecast of where the stock will trade
₹60 above the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹1,680Heaviest call ₹1,800ATM ₹1,640 · PCR 0.64
At the close on Friday, 23 October 2026, SBI Life Insurance options were pricing a move of ±₹33.00 by the Tuesday, 27 October 2026 expiry — a range of ₹1,607.00 to ₹1,673.00 against a closing price of ₹1,640.00. The figure is the at-the-money straddle at the ₹1,640 strike, which is what the options market itself is charging for the move to expiry. It describes the price of that expectation, not a forecast MarketCue makes.
Max pain sits at ₹1,700, ₹60.00 above the closing price — the strike at which the largest value of written options would expire worthless. The heaviest put position on the chain is at ₹1,680 with 1,60,125 contracts, and the heaviest call position at ₹1,800 with 2,70,750 contracts. Open interest describes where positions have been built; it is not a commitment by anyone to defend a price.
At-the-money implied volatility was 23.50% for the Tuesday, 27 October 2026 expiry. Realised volatility for SBI Life Insurance is not yet available for comparison.
This page is a record of where SBI Life Insurance's chain finished on Friday, 23 October 2026, not a live feed — the next reading follows tomorrow's close. Figures are derived from the NSE option chain via Upstox; max pain, the implied move, put-call ratio and the volatility comparison are MarketCue's own calculations from that data. MarketCue is not a registered investment adviser, research analyst or broker under SEBI regulations, and nothing here is a recommendation to buy or sell any security.
Read the full MarketCue scoring methodology
Source: NSE option chain via Upstox. .
Frequently asked questions
- What move are SBI Life Insurance options pricing this expiry?
- ±₹33.00, or 2.01%, giving a range of ₹1,607.00 to ₹1,673.00 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹1,640 strike.
- What is SBI Life Insurance's max pain?
- ₹1,700 at the last close, against a closing price of ₹1,640.00. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the SBI Life Insurance option chain?
- The largest put position sits at ₹1,680 with 1,60,125 contracts, and the largest call position at ₹1,800 with 2,70,750 contracts. Traders commonly read heavy open interest at a strike as a level, though open interest describes positioning rather than any commitment to defend a price.
- What is the lot size for SBI Life Insurance options?
- 375 shares per lot, with strikes in steps of ₹20. At the implied move of ±₹33.00, one lot corresponds to ±₹12,375 of notional movement.