Bankex Option Chain Live — IV, Greeks, Strike Price & PCR

About the BSE Bankex Option Chain

The Bankex Option Chain displays live options data for the BSE Bankex — Bombay Stock Exchange’s banking sector index tracking 10 leading banking stocks. Track strike-wise open interest, implied volatility, change in OI, max pain, and Greeks across all active expiries. 

What is BSE Bankex?

Bankex is the BSE’s banking index, comprising 10 banking stocks selected on the basis of market capitalization and trading volume. It serves as the BSE counterpart to NSE’s Bank Nifty index. 

Major constituents (verify current composition via the BSE Sensex Contributors page): 

• HDFC Bank 
• ICICI Bank 
• State Bank of India 
• Kotak Mahindra Bank 
• Axis Bank 
• IndusInd Bank 

(Plus 4 other banking stocks based on current composition) 

Unlike Bank Nifty which tracks 12 banks, Bankex tracks 10 — making its movement slightly more concentrated in the top names. 

Bankex Options vs Bank Nifty Options

For traders running banking-sector strategies, watching both Bankex and Bank Nifty gives a cross-check on broader banking sentiment.

How to Use the Bankex Option Chain

Identify Key Strike Levels

Highest Put OI = support level. Highest Call OI = resistance level. The PCR at the top tells you overall sentiment.

Watch the PCR

PCR above 1.0 suggests bullish positioning; PCR below 0.7 suggests bearish positioning on Bankex. 

Use Max Pain Before Expiry

Max Pain is the Bankex strike where option sellers profit most at expiry. Like Bank Nifty, Bankex tends to gravitate toward Max Pain near monthly expiry. 

Compare with Bank Nifty for Confirmation

When Bankex and Bank Nifty option chains both signal the same direction, the conviction is stronger. Divergences between the two can highlight stock-specific issues affecting one index but not the other.