SBI options flow jumps to ₹109 cr, strikes in focus

What traders are tracking in SBIN options

Social media chatter this week focused on SBIN options flow, not on any company announcement or earnings. Posters repeatedly cited a rapid rise in reported options premium value across four sessions. The shared figures moved from ₹2.7 crore to ₹8.5 crore to ₹75 crore to ₹109 crore. Many traders treated this progression as a shorthand for how quickly participation increased. The discussion also emphasised how positioning looked different each day, rather than a single one-off spike. Another point that kept coming up was the concentration around specific call strikes, especially 1080 and 1090. Some posts framed Wednesday as more consistent with selling, while Thursday was described as buying. The same threads also noted that put buying appeared near the close, adding a hedging angle to the interpretation.

The four-session flow numbers doing the rounds

The most shared claim was that SBIN options premium value rose sharply over four sessions. Monday was described as relatively calm with ₹2.7 crore, mainly in the 1040 CE. Tuesday was posted at ₹8.5 crore, with attention around the 1060 CE. Wednesday was the session that stood out, with ₹75 crore cited, but the tone was described as leaning toward selling rather than aggressive buying. Thursday then printed the highest number at ₹109 crore and was described as a clear buying trend. On Thursday, posts said calls were stacked across a wide band, from 1020 to 1120. Traders used this as evidence of broad participation rather than a narrow bet. Across posts, the most repeated strike zone remained the 1080 to 1090 area.

Summary table of what posts claimed

The following table reflects only what was shared in the threads and screenshots, without adding new data. It is presented as a quick snapshot of the narrative traders built around the flow numbers. The strikes listed are the ones repeatedly highlighted in the posts. The “tone” is the posters’ description of the flow, not a confirmed classification of buys versus sells. The aim is to separate the sequence of claims from any directional conclusion. This is also why the table focuses on what was cited, not on price targets or outcomes. Several posts argued the pace of change mattered more than the absolute number. Others argued strike concentration was the more important signal than total premium.

Why 1080 and 1090 became the centre of attention

A key repeating detail was the focus on the 1080 and 1090 call strikes. Posters claimed Wednesday’s action around this zone looked like selling, with “call writers keeping a lid” near 1080 and 1090. That framing matters because it changes how traders read the same rise in headline premium. In other words, a large number can still reflect writing or spreads, not only fresh directional longs. On Thursday, the same strike area stayed in focus, but the tone flipped in the posts toward buying. One thread cited the largest single transaction as ₹7.15 crore in the 1080 CE at 2:01 PM. The same discussion also pointed to 6,247 lots of fresh open interest added in the 1120 CE at 2:56 PM. Another widely shared claim was that the 1090 CE sold around ₹15 on Wednesday closed above ₹30 on Thursday.

Thursday’s “laddered calls” claim and what it implies

A standout detail from Thursday was the claim that someone “laddered calls across 9 strikes.” In simple terms, the posts interpreted this as call activity spread across multiple strikes, not a single strike punt. The range repeatedly mentioned was 1020 to 1120, which is a wide band for one session’s narrative. Some traders read this as broad-based participation because it involves multiple points on the chain. Others said laddering can reflect structured trades and not necessarily outright bullish conviction. The threads also framed Thursday as a “clear buying trend,” contrasting it with Wednesday’s selling tone. That distinction is central to why the flow spike gained traction on social media. Importantly, none of the posts claimed this was linked to a specific SBI news trigger. The conversation was primarily about positioning, strike selection, and the speed of premium growth.

Late put buying: the detail that complicated the bullish read

Several posts said that after call activity, puts were bought near the close. One thread specifically mentioned around ₹10 crore of put buying surfacing in the last hour at the 1100 and 1120 strikes, along with new open interest. This detail mattered because it introduced an interpretation beyond a simple bullish chase. Traders on social platforms often view late put buying as hedging when call exposure is already built. Others interpret it as a shift in view into the close, especially if it coincides with rising open interest. The posts did not provide a single agreed explanation, but the late timing was repeatedly highlighted. The combination of call laddering and late put buying was used to argue that the day’s positioning was more complex. The discussion also reinforced a common warning that “not all flow is directional.” Overall, the close-time put prints became a key counterpoint to the Thursday-buying narrative.

A useful primer: why “flow” is not always directional

Some shared explainers in the same chatter noted that unusual options activity can include large premium trades and volume greater than open interest. They also referenced patterns like rapid multi-exchange fills, often described as sweeps. Crucially, those explainers stressed that not all flow is directional because many trades are hedges or part of spreads. That context is important when interpreting the Wednesday versus Thursday “selling” and “buying” labels used in posts. Another concept mentioned was Vol/OI, defined as volume divided by open interest. Traders use higher Vol/OI as a flag for unusual activity relative to existing positions. Even then, Vol/OI does not tell you whether the trade was buyer-initiated or seller-initiated without additional detail. The same principle applies to premium value totals, which can rise due to large hedges. As a result, the social narrative is best read as a map of attention, not a confirmed view of intent.

What this chatter says about sentiment, not fundamentals

The core takeaway from the posts is the speed and scale of the reported flow change from Monday to Thursday. Traders framed the move from ₹2.7 crore to ₹109 crore as a sign that more participants engaged with SBIN’s options that week. The strike focus around 1080 and 1090 suggests a crowd anchor where many eyes were positioned. The laddered calls across 1020 to 1120 were used as evidence of broad activity across the chain. At the same time, the late put buying at 1100 and 1120 was used to argue that hedging or two-way positioning may have increased. Importantly, this was not presented as an earnings-driven or news-driven options reaction. It was mainly about how posters read the microstructure of daily positioning. For readers, the most factual parts of the chatter are the reported figures, strikes, and timestamps shared. Any directional conclusion should be treated as a social-media interpretation rather than a confirmed signal.