Advanced Option Chain Analysis (BANKNIFTY)

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Green means highest oi / volume, Yellow means second highest oi / volume and Blue means third highest oi / volume.

CALLS								PUTS
#	OI	OI Change	Volume	IV	LTP	Price Chn.	Strike	#	OI	OI Change	Volume	IV	LTP	Price Chn.
	0	0	0	0	0.00	0.00	43,500		554.2857142857143	25	260	61.34	2.90	0.10
	0	0	0	0	0.00	0.00	46,500		610	5	121	50.12	3.65	-0.35
	0	0	0	0	0.00	0.00	47,000		391	-23	189	47.90	3.50	-0.35
	0	0	0	0	0.00	0.00	47,500		773	-6	181	46.27	3.80	-0.55
	2,176	-4	9	0	11120.00	20.55	48,000		1,068	-31	578	44.15	3.70	-0.20
	3	0	0	0	0.00	0.00	48,500		292	-10	59	41.87	3.45	-0.85
	474	0	5	66.91	10350.00	325.00	49,000		419	-6	143	40.61	4.10	0.00
	12	0	0	0	0.00	0.00	49,500		171	15	150	38.34	3.80	-0.80
	0	0	0	0	0.00	0.00	49,600		63	4	55	37.64	3.50	-1.15
	1	0	0	0	0.00	0.00	49,700		168	-1	39	37.81	4.05	-0.70
	1	0	0	0	0.00	0.00	49,800		73	7	78	37.37	4.00	-0.75
	1	0	0	0	0.00	0.00	49,900		61	1	69	36.68	3.70	-1.10
	1,715	-27	78	0	9200.00	134.15	50,000		5,858	-12	1,421	36.72	4.15	-0.55
	1	0	0	0	0.00	0.00	50,100		57	-6	39	35.80	3.60	-1.00
	1	0	0	0	0.00	0.00	50,200		13	0	50	35.80	4.00	-0.60
	1	0	0	0	0.00	0.00	50,300		26	0	20	35.46	4.05	-0.60
	1	0	0	0	0.00	0.00	50,400		10	2	52	34.55	3.50	-1.30
	14	0	0	0	0.00	0.00	50,500		413	-3	293	34.77	4.15	-0.45
	1	0	0	0	0.00	0.00	50,600		10	2	42	34.07	3.80	-0.75
	1	0	0	0	0.00	0.00	50,700		12	0	34	33.91	4.05	-0.80
	1	0	0	0	0.00	0.00	50,800		14	1	24	33.48	4.00	-1.55
	1	0	0	0	0.00	0.00	50,900		40	3	7	33.13	4.05	-2.40
	543.4285714285714	-1	3	0	8220.00	150.00	51,000		2,070.714285714286	-36	167	32.70	4.00	-1.00
	1	0	0	0	0.00	0.00	51,100		16	0	3	32.05	3.70	-0.80
	1	0	0	0	0.00	0.00	51,200		23	-2	20	31.80	3.85	-0.65
	1	0	0	0	0.00	0.00	51,300		26	0	12	31.50	3.95	-0.90
	1	0	0	0	0.00	0.00	51,400		169	9	17	31.56	4.50	-1.50
	21	0	0	0	0.00	0.00	51,500		550	22	84	31.28	4.65	-0.90
	1	0	0	0	0.00	0.00	51,600		18	0	0	0.00	0.00	0.00
	1	0	0	0	0.00	0.00	51,700		13	0	0	0.00	0.00	0.00
	3	0	0	0	0.00	0.00	51,800		21	0	0	28.83	0.00	0.00
	4	0	0	0	0.00	0.00	51,900		16	1	8	29.62	4.50	-2.15
	770	0	1	0	7180.00	150.90	52,000		1,673	-11	1,542	29.09	4.30	-0.75
	1	0	0	0	0.00	0.00	52,100		45	4	53	28.91	4.60	1.25
	1	0	0	0	0.00	0.00	52,200		14	1	9	28.49	4.55	-0.90
	1	0	0	0	0.00	0.00	52,300		125	36	37	28.04	4.45	-0.90
	1	0	0	0	0.00	0.00	52,400		123	26	54	27.65	4.45	-1.05
	22	0	1	0	6650.00	-100.00	52,500		1,139.5714285714287	15	521	27.56	4.90	-0.85
	3	0	0	0	0.00	0.00	52,600		88	24	108	27.24	5.00	-0.50
	1	0	0	0	0.00	0.00	52,700		79	36	77	26.66	4.70	-0.70
	2	0	0	0	0.00	0.00	52,800		79	24	64	26.15	4.50	-1.20
	2	0	0	0	0.00	0.00	52,900		51	3	44	26.01	4.90	-0.55
	735	-15	21	0	6201.00	140.55	53,000		3,387	-11	2,386	26.21	5.95	0.05
	3	0	0	0	0.00	0.00	53,100		49	-1	27	25.71	5.75	-0.15
	2	0	0	0	0.00	0.00	53,200		54	-32	61	25.07	5.30	-0.65
	2	0	0	0	0.00	0.00	53,300		31	-15	219	24.60	5.15	-1.25
	2	0	0	0	0.00	0.00	53,400		29	-32	44	24.40	5.50	-1.45
	91	0	0	0	0.00	0.00	53,500		1,347	-57	1,228	23.52	4.60	-1.80
	30	0	0	0	0.00	0.00	53,600		47	-27	73	23.72	5.70	-1.10
	3	0	0	0	0.00	0.00	53,700		76	-25	118	22.69	4.50	-2.55
	4	0	0	0	0.00	0.00	53,800		111	12	98	22.89	5.60	-1.15
	4	0	0	0	0.00	0.00	53,900		196	-31	41	23.08	6.90	0.15
	1,608.2857142857142	-10	22	0	5220.00	115.00	54,000		6,987	278	8,070	22.68	6.90	-0.85
	4	0	0	0	0.00	0.00	54,100		183	-1	226	22.01	6.25	-1.20
	50	0	0	0	0.00	0.00	54,200		285	-10	74	21.68	6.40	-1.50
	4	0	0	0	0.00	0.00	54,300		142	11	129	21.36	6.60	-1.10
	135	0	0	0	0.00	0.00	54,400		258	-5	156	20.86	6.35	-1.40
	236	-1	3	0	4722.00	-87.60	54,500		2,366	-137	4,919	20.45	6.30	-2.65
	7	0	0	0	0.00	0.00	54,600		288	-2	253	20.23	6.75	-1.75
	53	0	0	0	0.00	0.00	54,700		236	-5	83	19.98	7.15	-2.20
	30	0	0	0	0.00	0.00	54,800		303	4	384	19.65	7.35	-1.10
	72	0	0	0	0.00	0.00	54,900		293	-10	316	19.36	7.70	-3.20
	1,424	-26	52	0	4218.00	131.45	55,000		12,730	-190	20,469	19.18	8.40	-2.45
	24	0	0	0	0.00	0.00	55,100		160	-44	422	18.49	7.50	-3.50
	4	0	0	28.82	0.00	0.00	55,200		409	-122	782	18.51	8.90	-3.30
	21	0	0	0	0.00	0.00	55,300		205	-230	809	18.00	8.55	-3.60
	113	0	0	0	0.00	0.00	55,400		490	-93	659	17.55	8.40	-4.10
	2,317	-15	28	0	3716.45	116.45	55,500		10,596.857142857143	149.71428571428572	24,116	17.30	9.00	-3.60
	8	0	0	0	0.00	0.00	55,600		516	-139	1,469	17.46	11.35	-2.70
	6	0	0	0	0.00	0.00	55,700		540	-121	1,176	16.65	9.70	-4.90
	16	0	0	0	0.00	0.00	55,800		898	-243	2,531	15.83	8.10	-7.45
	22	0	4	20.5	3381.15	184.00	55,900		591	-87	1,972	16.06	10.75	-5.35
	2,071	-293	335	0	3231.00	143.95	56,000		18,313	2,623	35,702	15.82	11.60	-5.50
	9	0	0	0	0.00	0.00	56,100		746	-59	1,997	15.46	11.95	-5.95
	8	0	0	0	0.00	0.00	56,200		943	214	3,445	15.01	11.85	-6.90
	7	0	0	0	0.00	0.00	56,300		1,181	88	7,285	15.01	14.25	-6.05
	26	0	0	0	0.00	0.00	56,400		821	210	1,526	14.64	14.65	-6.20
	850	-2	5	14.64	2756.80	176.15	56,500		10,592	859	23,527	14.25	15.00	-7.70
	9	0	0	0	0.00	0.00	56,600		1,284	467	3,538	13.81	15.00	-9.05
	17	0	1	22.55	2688.15	334.80	56,700		596	-462	3,074	13.36	15.00	-10.95
	34	0	0	0	0.00	0.00	56,800		1,900	309	5,192	13.40	18.60	-9.10
	12	0	0	0	0.00	0.00	56,900		1,114	25	4,864	13.06	19.55	-10.60
	3,071	99	452	0	2238.50	125.70	57,000		20,751	-814	41,345	12.75	20.90	-12.45
	13	0	0	0	0.00	0.00	57,100		2,904	38	6,875	12.37	21.70	-14.75
	55	-25	30	10.66	2053.15	110.65	57,200		2,545	-1	8,126	12.17	24.45	-16.00
	86	0	0	0	0.00	0.00	57,300		2,990	566	9,717	11.86	26.30	-18.65
	144	2	3	0	1830.50	92.10	57,400		2,370	517	7,162	11.66	29.70	-20.00
	1,586	-26	312	8.75	1750.35	115.55	57,500		17,067	-81	39,675	11.44	33.35	-21.15
	162	0	7	10.29	1668.00	-135.20	57,600		2,166	-1	10,478	11.20	37.15	-25.40
	275	7	26	9.32	1563.00	111.25	57,700		4,379	513	16,157	11.06	43.05	-26.35
	315	-6	82	9.05	1465.80	111.00	57,800		4,770	677	15,837	10.85	48.65	-31.20
	222	-5	38	0	1324.40	53.50	57,900		2,161	54	13,093	10.73	56.70	-33.45
	5,058	37	6,226	9.99	1297.45	114.70	58,000		27,791	-1,021	69,754	10.59	65.70	-36.65
	307	-177	445	9.67	1203.15	104.55	58,100		2,162	-225	12,648	10.44	75.90	-41.15
	380	-55	734	9.27	1107.95	93.10	58,200		4,072	726	16,413	10.29	87.40	-45.55
	363	-17	658	9.56	1030.25	92.65	58,300		5,541	1,381	23,394	10.20	102.15	-50.40
	428	-84	906	9.36	943.00	90.20	58,400		3,446	433	18,729	10.04	117.25	-57.45
	18,969	-163	13,430	9.13	856.80	75.60	58,500		30,004	1,553	75,727	9.92	135.50	-61.70
	834	14	5,129	9.18	781.75	75.05	58,600		9,351	327	28,855	9.82	157.05	-67.60
	3,788	-39	10,468	9.14	707.00	67.30	58,700		6,256	-91	45,714	9.77	182.90	-73.15
	3,708	-490	27,786	9.16	638.00	63.40	58,800		9,523	1,891	62,071	9.64	209.55	-81.30
	3,881	-989	71,366	9	566.00	52.55	58,900		8,035	506	82,837	9.59	242.00	-86.40
	32,222	-1,747	249,152	8.91	500.40	44.40	59,000		40,008	3,336	281,677	9.56	279.10	-92.10
	11,448	238	133,955	8.87	440.75	36.35	59,100		8,198	1,156	138,150	9.50	319.10	-99.90
	15,803	1,879	122,713	8.94	389.60	33.00	59,200		8,920	1,933	107,296	9.47	364.10	-106.80
	14,872	2,155	105,528	8.87	337.35	23.90	59,300		6,565	566	53,698	9.49	415.00	-111.90
	10,387	-313	51,442	8.85	291.50	17.15	59,400		4,802	237	23,416	9.58	473.10	-117.05
	53,076	709	131,864	8.88	252.05	12.90	59,500		35,522	-458	71,942	9.56	530.75	-123.45
	16,240	108	43,613	8.86	214.45	6.65	59,600		3,255	-317	9,561	9.52	591.10	-135.60
	10,413	-1,258	32,208	8.95	185.25	4.00	59,700		5,100	-551	6,194	9.32	650.00	-148.80
	12,045	181	32,444	8.99	157.60	0.05	59,800		4,159	-194	3,421	9.63	730.75	-143.50
	8,768	22	25,318	9.07	134.65	-2.20	59,900		1,680	-506	2,355	9.74	807.30	-143.85
	51,038	-131	93,669	9.18	115.50	-2.60	60,000		15,284	864	16,876	9.97	890.00	-143.40
	8,888	-275	16,785	9.23	97.20	-5.55	60,100		1,544	-127	592	10.05	970.50	-145.65
	12,665	-1,209	21,461	9.38	83.90	-6.20	60,200		1,107	15	189	10.05	1051.25	-148.55
	5,526	-186	21,099	9.48	71.35	-6.40	60,300		916	-39	142	10.58	1147.85	-143.75
	5,716	238	14,993	9.61	61.15	-6.85	60,400		413	-5	115	10.76	1236.55	-145.40
	23,552	682	60,704	9.69	51.45	-7.95	60,500		2,354	22	707	10.78	1322.80	-148.90
	3,578	-549	17,114	9.88	45.10	-7.15	60,600		559	-11	19	10.64	1407.60	-149.00
	3,767	-889	12,836	10.03	39.00	-7.65	60,700		352	-4	18	11.69	1517.10	-91.55
	4,504	-250	13,921	10.22	34.20	-7.00	60,800		281	-4	6	11.04	1594.80	-114.80
	3,173	-146	8,813	10.35	29.40	-6.70	60,900		631	-1	33	10.56	1679.65	-161.55
	25,231	-2,302	41,724	10.51	25.50	-7.15	61,000		3,077	-75	361	12.04	1793.65	-149.50
	2,391	-477	8,408	10.71	22.65	-7.45	61,100		334	0	8	12.12	1887.15	-203.15
	3,432	181	7,397	10.94	20.50	-6.70	61,200		138	0	0	12.06	0.00	0.00
	4,020	122	7,448	11.11	18.05	-7.35	61,300		83	0	0	0.00	0.00	0.00
	2,362	-758	4,325	11.33	16.30	-6.65	61,400		95	0	0	0.00	0.00	0.00
	14,349	-1,446	29,530	11.65	15.50	-5.50	61,500		502	-4	17	13.14	2275.00	-144.25
	1,647	-232	2,661	11.93	14.55	-5.80	61,600		124	0	0	0.00	0.00	0.00
	1,511	-337	4,509	12.29	14.20	-4.35	61,700		97	0	0	0.00	0.00	0.00
	5,484	-84	4,917	12.43	12.45	-5.55	61,800		125	0	0	0.00	0.00	0.00
	855	-299	1,279	12.71	11.80	-5.00	61,900		10	0	0	0.00	0.00	0.00
	29,418	913	42,161	12.96	11.00	-4.10	62,000		2,043	-121	330	16.52	2786.05	-144.45
	955	2	989	13.21	10.25	-4.40	62,100		6	0	0	0.00	0.00	0.00
	1,160	-230	3,168	13.54	10.00	-4.20	62,200		3	0	0	0.00	0.00	0.00
	1,893	-1	960	13.92	10.05	-3.60	62,300		4	0	0	0.00	0.00	0.00
	757	-119	1,269	14.22	9.70	-3.55	62,400		4	0	0	0.00	0.00	0.00
	17,913	911	21,533	14.33	8.55	-3.55	62,500		15	0	0	0.00	0.00	0.00
	658	-426	1,282	14.76	8.80	-3.70	62,600		6	0	0	0.00	0.00	0.00
	553	-49	587	15.01	8.35	-3.85	62,700		5	0	0	0.00	0.00	0.00
	688	4	424	15.04	7.10	-4.20	62,800		2	0	0	0.00	0.00	0.00
	537	-53	395	15.6	7.85	-2.70	62,900		2	0	0	0.00	0.00	0.00
	24,270	279	21,345	15.86	7.50	-3.05	63,000		1,182	0	1	16.20	3750.00	-150.00
	720	27	462	16.19	7.45	-2.70	63,100		2	0	0	0.00	0.00	0.00
	352	-23	389	16.5	7.30	-2.90	63,200		7	0	0	0.00	0.00	0.00
	395	-31	282	16.79	7.10	-3.50	63,300		1	0	0	0.00	0.00	0.00
	280	53	160	17.29	7.60	-1.95	63,400		0	0	0	0.00	0.00	0.00
	4,699	-88	8,471	17.33	6.65	-2.95	63,500		2	0	0	0.00	0.00	0.00
	529	-34	295	17.63	6.55	-3.10	63,600		0	0	0	0.00	0.00	0.00
	446	-27	103	17.92	6.40	-1.70	63,700		0	0	0	0.00	0.00	0.00
	507	-6	143	18.24	6.35	-2.30	63,800		0	0	0	0.00	0.00	0.00
	267	42	135	18.66	6.60	-1.90	63,900		0	0	0	0.00	0.00	0.00
	13,425	-2,646	9,859	18.83	6.15	-2.50	64,000		472	-1	4	28.94	4821.40	-87.90
	136	-5	144	19.24	6.35	-2.25	64,100		1	0	0	0.00	0.00	0.00
	115	0	51	19.61	6.45	-1.70	64,200		2	0	0	0.00	0.00	0.00
	248	-1	56	19.74	5.95	-2.05	64,300		1	0	0	0.00	0.00	0.00
	108	-8	72	20.11	6.05	-1.90	64,400		0	0	0	0.00	0.00	0.00
	2,956	-516	2,342	20.14	5.35	-2.10	64,500		30	0	0	33.40	0.00	0.00
	48	2	120	20.55	5.55	-2.30	64,600		0	0	0	0.00	0.00	0.00
	171	3	38	20.8	5.40	-1.90	64,700		0	0	0	0.00	0.00	0.00
	175	27	77	21.12	5.40	-2.15	64,800		0	0	0	0.00	0.00	0.00
	12,222	-529	10,886	21.68	5.25	-2.85	65,000		740	2	24	25.23	5752.00	-149.10
	484	-27	264	23.12	5.00	-1.95	65,500		1	0	0	0.00	0.00	0.00
	2,848	-503	1,517	24.25	4.30	-2.30	66,000		251	-1	10	39.47	6837.45	37.45
	3,614	9	3,260	25.54	4.00	-1.50	66,500		0	0	0	0.00	0.00	0.00
	14,020	-64	19,904	26.89	3.85	-1.05	67,000		250	0	0	0.00	0.00	0.00
	3,020	308	2,181	28.22	3.70	-1.20	67,500		0	0	0	0.00	0.00	0.00

What is Option Chain?

An option chain is a listing of all the available options contracts for a particular underlying asset, such as a stock, commodity, or currency. It typically includes the expiration date, strike price, and the bid and ask price for each option contract.

An option chain can be used to find the right options contract to trade. For example, a trader can use an option chain to find options contracts with expiration dates and strike prices that align with their investment goals and risk tolerance. They can also use the bid and ask prices to determine the price at which they can buy or sell an options contract.

What is Future & Options?

In futures trading, a buyer and seller agree to trade an underlying asset at a certain price on a future date. The buyer is obligated to purchase the asset, while the seller is obligated to sell it. This can be used to hedge against price changes in the underlying asset, or to speculate on future price movements. Options trading is similar, but it gives the buyer the right, but not the obligation, to buy or sell an underlying asset at a certain price on or before a certain date. The buyer of an option pays a premium for this right. There are two main types of options: calls, which give the buyer the right to buy an underlying asset, and puts, which give the buyer the right to sell an underlying asset. Options can be used for hedging or speculation, as well as for creating more complex trading strategies.

Options trading is similar, but it gives the buyer the right, but not the obligation, to buy or sell an underlying asset at a certain price on or before a certain date. The buyer of an option pays a premium for this right. There are two main types of options: calls, which give the buyer the right to buy an underlying asset, and puts, which give the buyer the right to sell an underlying asset. Options can be used for hedging or speculation, as well as for creating more complex trading strategies.

What is Open Interest?

Open interest is a measure of the number of outstanding option or futures contracts that have not been settled or closed. It represents the number of contracts that have been initiated, but not yet liquidated by an offsetting transaction or fulfilled by delivery.

Open Interest is a commonly used metric in options and futures trading, it can be found on most trading platforms, and it can provide valuable information for traders to analyze the market sentiment and liquidity of the underlying assets.

What is Change in Open Interest (OI)?

Change in OI means how many new contracts added or removed to current trading session as compared to last day trading session closing.

What are Options Greek?

Options Greeks are a set of metrics that are used to measure the sensitivity of an option's price to different factors, such as changes in the price of the underlying asset, changes in volatility, and changes in the time remaining until the option's expiration date. The main options Greeks are:

Delta: Measures the change in the option's price in relation to a change in the price of the underlying asset. A delta of 0.5, for example, means that if the underlying asset's price increases by $1, the option's price will increase by $0.50.

Gamma: Measures the change in delta in relation to a change in the price of the underlying asset. A high gamma means that delta is changing rapidly as the underlying asset's price changes, which can indicate a high level of risk.

Theta: Measures the change in the option's price in relation to the time remaining until the option's expiration date. A theta of -0.05, for example, means that if the option has one year until expiration, its value will decrease by $0.05.

Vega: Measures the change in the option's price in relation to a change in volatility. A vega of 0.10, for example, means that if volatility increases by 1%, the option's price will increase by $0.10.

Rho: Measures the change in the option's price in relation to the change in the interest rate. A high Rho means that the option's price is more sensitive to interest rate changes.

Options Greeks are important tools that traders can use to assess the risk and potential rewards of different options trades, and to make more informed decisions about how to manage their positions. It is important to note that these metrics are based on mathematical models and assumptions, which can be affected by market conditions and other factors.

What is Implied Volatility(IV)?

Implied volatility (IV) is a metric that is used to estimate the level of volatility that is implied by the current price of an option. It is derived mathematically from the option's price, strike price, expiration date, and other factors, using a model such as the Black-Scholes model.

Implied volatility is useful because it provides a measure of the market's expectation of how much the price of the underlying asset will fluctuate in the future. A high implied volatility suggests that the market expects the underlying asset's price to be more volatile, while a low implied volatility suggests that the market expects the underlying asset's price to be less volatile.