PUNJAB NATIONAL BANK Option Chain (NSE) — Live OI, PCR & Greeks

Reading PNB's chain today

The table above shows all active PNB strikes for the 28 Jul 2026 monthly expiry. Right now the heaviest Call OI sits at 110 (1,78,08,000 OI) and the heaviest Put OI at 100 (95,12,000), placing the option writers' range at 100–110 against a spot of 105.77. PNB's PCR of 0.75 reads bearish (call-heavy), and max pain for the series is 106.

Stock options vs index options

Unlike index contracts, PNB options are deliverable — positions held into expiry can result in physical settlement, so most traders square off before the final sessions. Liquidity concentrates in the near-month at-the-money strikes; quotes far out-of-the-money can carry wide spreads, so check LTP against the bid-ask before sizing. Results announcements, sector news and F&O ban-list entry are the three events that reshape this chain fastest — PNB's ban status is shown above and on the F&O ban list.

Using the levels

Treat 100 and 110 as the defended zone for this series, and confirm any breakout against fresh buildup rather than standing OI. For multi-leg positions on these strikes, the strategy builder imports this chain's live prices.

FAQs

What is the lot size for PNB options?

The current lot size is 8,000 — specifications have been revised recently, so we display the live value rather than a fixed number.

When do PNB options expire?

Stock options trade monthly series; the current series expires on 28 Jul 2026. Positions held into expiry are physically settled, so most traders square off in advance.

What does physical settlement mean for PNB?

In-the-money stock options held to expiry settle by delivery of shares, requiring full value or holdings. This is the main reason stock-option OI unwinds faster into expiry than index OI.

Where can I see PNB's futures build-up?

On the PNB futures page, which shows price, OI and basis for current and next series alongside this chain.