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.
	23	0	0	0	0.00	0.00	43,000		3,859	-284	1,409	45.19	3.45	-0.70
	0	0	0	0	0.00	0.00	43,500		461	-300	733	44.63	4.50	-1.35
	154	0	0	61.83	0.00	0.00	44,000		1,046	48	1,138	43.59	5.25	-1.55
	4	0	0	0	0.00	0.00	44,500		314	12	248	43.15	7.00	-0.75
	743	0	3	0	11750.00	1410.00	45,000		7,815	717	3,974	41.73	7.55	-1.10
	0	0	0	0	0.00	0.00	45,300		218	-60	281	40.80	7.75	-1.80
	0	0	0	0	0.00	0.00	45,400		112	33	227	40.33	7.55	-2.30
	1	0	0	0	0.00	0.00	45,500		532	-74	216	40.18	7.90	-1.30
	0	0	0	0	0.00	0.00	45,600		216	5	29	40.27	8.70	-0.65
	0	0	0	0	0.00	0.00	45,700		142	1	22	39.28	7.55	-2.80
	0	0	0	0	0.00	0.00	45,800		93	-2	63	39.19	8.00	-2.95
	0	0	0	0	0.00	0.00	45,900		218	0	22	38.56	7.50	-1.75
	1	0	0	0	0.00	0.00	46,000		4,023	12	2,791	39.21	9.40	-1.50
	0	0	0	0	0.00	0.00	46,100		136	0	34	38.43	8.55	-2.55
	0	0	0	0	0.00	0.00	46,200		87	0	12	37.80	8.00	-3.00
	0	0	0	0	0.00	0.00	46,300		116	-7	14	37.55	8.20	-3.55
	0	0	0	0	0.00	0.00	46,400		55	-4	17	38.07	10.00	-3.75
	0	0	0	0	0.00	0.00	46,500		980	-246	1,095	37.49	9.50	-2.85
	0	0	0	0	0.00	0.00	46,600		86	1	150	37.30	9.85	-5.15
	0	0	0	0	0.00	0.00	46,700		62	0	8	36.09	8.05	-3.70
	0	0	0	0	0.00	0.00	46,800		93	7	69	36.83	10.40	-4.05
	0	0	0	0	0.00	0.00	46,900		41	-3	12	35.60	8.45	-4.45
	48	0	0	0	0.00	0.00	47,000		3,793	252	5,101	36.35	10.95	-2.65
	0	0	0	0	0.00	0.00	47,100		56	0	2	35.47	9.70	-3.70
	0	0	0	0	0.00	0.00	47,200		170	35	148	36.29	12.70	-2.00
	1	0	0	0	0.00	0.00	47,300		173	-5	68	35.31	11.00	-3.40
	0	0	0	0	0.00	0.00	47,400		189	0	55	34.95	11.00	-3.95
	0	0	0	0	0.00	0.00	47,500		1,710	309	4,780	36.84	18.00	2.30
	0	0	0	0	0.00	0.00	47,600		111	5	123	34.62	12.00	-4.40
	0	0	0	0	0.00	0.00	47,700		114	-2	103	34.19	11.80	-4.50
	0	0	0	0	0.00	0.00	47,800		186	11	229	34.06	12.45	-6.30
	0	0	0	0	0.00	0.00	47,900		189	5	176	33.62	12.20	-5.85
	430	-3	10	0	8400.00	1146.95	48,000		8,999	824	12,877	33.95	14.30	-5.90
	0	0	0	0	0.00	0.00	48,100		249	7	239	33.17	12.95	-7.05
	0	0	0	0	0.00	0.00	48,200		177	3	165	32.76	12.80	-8.05
	0	0	0	0	0.00	0.00	48,300		151	18	432	32.47	13.00	-8.95
	0	0	0	0	0.00	0.00	48,400		165	-6	415	32.47	14.15	-11.65
	0	0	0	0	0.00	0.00	48,500		4,926	-1,551	9,924	32.14	14.25	-10.45
	0	0	0	0	0.00	0.00	48,600		254	-7	233	32.37	16.35	-8.70
	0	0	0	0	0.00	0.00	48,700		221	38	461	31.71	15.25	-11.00
	0	0	0	0	0.00	0.00	48,800		313	56	373	31.38	15.35	-12.50
	0	0	0	0	0.00	0.00	48,900		264	96	491	31.33	16.55	-12.45
	723	1	4	0	7324.00	1088.75	49,000		13,687	60	31,068	30.93	16.40	-13.50
	0	0	0	0	0.00	0.00	49,100		189	-85	563	30.60	16.50	-14.45
	0	0	0	0	0.00	0.00	49,200		234	-3	435	30.05	15.75	-16.85
	0	0	0	0	0.00	0.00	49,300		195	-136	598	30.27	18.15	-16.55
	0	0	0	0	0.00	0.00	49,400		399	61	486	30.08	18.90	-16.70
	98	0	0	0	0.00	0.00	49,500		11,402	-1,283	22,523	29.77	19.15	-18.30
	0	0	0	0	0.00	0.00	49,600		351	-46	279	29.42	19.25	-19.45
	0	0	0	0	0.00	0.00	49,700		312	-146	807	29.20	19.90	-20.90
	0	0	0	0	0.00	0.00	49,800		769	-8	1,379	29.16	21.55	-22.55
	0	0	0	0	0.00	0.00	49,900		510	-242	1,239	28.92	22.20	-22.90
	2,391	-83	243	0	6872.60	1581.90	50,000		25,360	-2,009	52,204	28.34	21.10	-26.10
	1	0	0	0	0.00	0.00	50,100		879	-226	973	29.04	27.10	-22.15
	7	0	0	34.26	0.00	0.00	50,200		434	-287	1,688	27.95	23.00	-29.15
	0	0	0	0	0.00	0.00	50,300		373	-422	1,301	28.14	26.25	-30.20
	9	0	0	26.29	0.00	0.00	50,400		396	-187	1,644	28.04	28.00	-31.20
	24	0	1	0	5281.40	329.95	50,500		9,223	-303	33,732	27.63	27.80	-34.20
	3	0	0	23.61	0.00	0.00	50,600		275	-254	974	27.94	32.45	-32.45
	0	0	0	0	0.00	0.00	50,700		591	-219	1,467	27.17	29.75	-38.75
	1	0	0	19.34	0.00	0.00	50,800		584	-419	1,486	27.22	32.85	-40.75
	6	0	0	7.46	0.00	0.00	50,900		1,374	457	2,316	26.80	32.60	-43.55
	895	-92	318	0	5859.50	1542.45	51,000		15,852	-840	51,337	26.62	34.15	-47.85
	2	0	0	20.78	0.00	0.00	51,100		802	-13	3,248	26.50	36.30	-49.45
	16	0	0	28.56	0.00	0.00	51,200		1,220	-587	2,728	26.19	37.00	-54.40
	25	7	8	0	5540.80	1535.80	51,300		852	-754	4,188	26.00	38.70	-56.90
	19	0	0	0	0.00	0.00	51,400		783	-153	2,948	25.87	41.00	-60.30
	244	1	19	0	5361.40	1311.40	51,500		11,442	780	33,212	25.34	39.85	-68.10
	42	0	0	0	0.00	0.00	51,600		398	-344	2,811	25.49	45.00	-68.75
	48	0	3	0	4740.10	811.15	51,700		875	-301	4,097	25.24	46.45	-75.85
	29	0	0	23.03	0.00	0.00	51,800		687	-192	2,513	25.12	49.45	-80.15
	12	0	0	0	0.00	0.00	51,900		934	-99	2,720	24.90	51.45	-86.25
	2,029	-74	353	0	4910.00	1541.20	52,000		22,293	1,008	68,671	24.72	54.00	-93.05
	22	-2	3	0	3904.70	362.40	52,100		773	-152	3,270	24.34	54.40	-98.75
	44	0	0	27.1	0.00	0.00	52,200		1,142	-183	3,345	24.19	57.55	-105.25
	52	0	1	0	3716.50	463.50	52,300		1,418	122	5,163	24.06	61.10	-112.30
	37	0	0	0	0.00	0.00	52,400		754	-423	3,318	23.76	62.70	-120.40
	612	-85	226	0	4400.25	1440.90	52,500		10,498	729	38,474	23.62	66.40	-129.95
	63	0	5	0	3407.45	333.40	52,600		851	-137	3,280	23.73	73.90	-133.10
	89	0	5	0	3339.50	377.05	52,700		990	-453	4,220	23.55	77.70	-141.90
	99	-3	14	0	4100.00	1126.45	52,800		1,290	-235	4,497	23.30	80.60	-154.60
	176	-5	12	0	3649.90	883.50	52,900		1,116	-129	2,304	23.07	84.00	-163.30
	4,461	-405	2,085	0	3960.00	1464.40	53,000		24,032	1,377	69,465	22.75	86.10	-178.60
	351	-23	122	0	3854.00	1419.70	53,100		1,151	-266	3,697	22.79	94.35	-186.10
	480	-51	66	0	3755.00	1396.30	53,200		2,163	-123	4,771	22.65	100.00	-198.10
	630	-55	70	0	3660.00	1368.75	53,300		2,705	898	5,729	22.49	105.55	-210.80
	502	-55	64	0	3586.65	1404.65	53,400		1,966	-190	4,442	22.43	113.45	-221.05
	11,029	-228	681	0	3484.20	1361.30	53,500		21,926	66	36,115	21.99	114.20	-243.15
	1,576	-278	435	0	3380.00	1345.95	53,600		2,625	16	5,439	21.93	122.75	-253.40
	603	-259	426	0	3330.00	1362.80	53,700		2,331	-12	4,784	21.88	132.15	-268.60
	1,013	-184	320	0	3200.00	1342.60	53,800		2,698	239	5,881	21.66	138.15	-281.95
	906	-70	266	0	3100.20	1280.90	53,900		1,868	30	4,131	21.62	148.80	-298.45
	31,424	-1,516	8,521	0	3025.00	1306.15	54,000		46,869	752	77,225	21.45	156.80	-321.00
	1,494	-109	224	0	2936.45	1293.80	54,100		2,363	13	4,671	21.38	168.05	-333.35
	2,036	-128	355	0	2871.35	1294.60	54,200		3,783	294	7,952	21.24	177.90	-352.55
	2,692	-997	2,072	10.17	2787.65	1262.25	54,300		4,614	507	8,103	21.13	189.15	-370.00
	3,976	-138	610	10.77	2693.00	1238.30	54,400		2,737	-248	6,190	20.97	199.80	-389.75
	13,887	-1,600	5,243	11.15	2598.95	1220.45	54,500		18,815	1,571	44,419	20.78	210.00	-418.15
	3,333	-242	688	10.97	2501.05	1196.25	54,600		3,708	-405	8,728	20.71	224.45	-433.65
	1,817	-297	912	12.31	2422.00	1173.85	54,700		3,472	-23	9,647	20.61	238.95	-458.30
	1,844	-566	1,643	11.84	2321.60	1136.15	54,800		5,146	637	12,541	20.50	253.70	-482.00
	1,811	-391	2,473	12.63	2242.35	1115.45	54,900		4,550	1,200	11,326	20.39	269.45	-506.10
	24,471	-5,033	36,333	13.26	2165.00	1094.95	55,000		30,703	2,180	95,263	20.26	285.30	-532.10
	2,144	-1,768	5,156	13.4	2079.85	1066.85	55,100		2,940	-749	12,258	20.07	299.90	-564.85
	3,653	-2,740	10,025	13.93	2006.90	1044.65	55,200		3,489	-675	16,633	19.95	317.90	-590.45
	5,207	-3,478	10,900	13.91	1921.40	1012.50	55,300		5,170	-807	14,749	19.89	338.85	-611.95
	2,058	-1,893	6,414	14.13	1845.00	989.10	55,400		2,739	129	14,255	19.85	362.05	-638.70
	21,086	-6,030	43,169	14.19	1765.10	954.85	55,500		21,130	2,451	69,950	19.84	387.55	-662.40
	2,483	-1,572	10,831	14.22	1686.45	923.00	55,600		2,048	265	17,240	19.72	410.00	-686.65
	1,635	-442	16,881	14.91	1633.45	915.25	55,700		2,022	1,056	20,720	19.57	432.00	-718.00
	2,660	145	45,495	14.57	1544.70	873.05	55,800		2,756	1,646	43,477	19.32	451.15	-745.60
	2,418	594	69,500	14.55	1469.65	838.05	55,900		4,302	3,643	68,856	19.50	490.00	-780.45
	34,792	2,988	199,442	14.95	1414.00	822.30	56,000		28,694	17,035	146,355	19.23	510.60	-818.40
	1,707	-21	20,875	14.59	1328.10	770.60	56,100		1,660	1,208	19,773	19.35	550.00	-816.85
	2,530	292	27,897	15.06	1280.10	763.05	56,200		1,758	1,456	17,882	19.40	587.55	-852.40
	2,156	612	32,045	14.98	1210.20	726.30	56,300		1,773	1,454	17,590	19.20	615.00	-889.30
	3,313	1,806	27,160	15.07	1150.00	701.00	56,400		2,246	2,113	17,664	18.97	642.95	-942.35
	12,942	-1,951	92,858	15.21	1094.45	680.20	56,500		9,947	5,621	37,058	18.97	682.75	-949.35
	2,246	1,181	23,618	15.17	1032.00	643.70	56,600		1,937	1,848	12,951	18.77	714.50	-980.30
	3,772	2,564	31,079	15.3	980.40	620.15	56,700		2,949	2,853	13,411	18.81	759.70	-1014.90
	4,715	2,705	35,575	15.3	924.30	592.35	56,800		4,012	3,958	20,408	19.06	816.70	-1194.40
	2,792	1,805	18,602	15.24	867.00	559.95	56,900		2,465	2,420	8,673	18.92	856.35	-1122.50
	25,430	-1,202	152,098	15.16	811.00	528.45	57,000		13,564	5,172	25,649	18.99	907.90	-1088.00
	1,942	522	11,848	15.25	765.40	503.40	57,100		569	526	1,314	18.93	955.05	-1167.05
	2,255	312	11,383	15.18	714.00	471.85	57,200		385	354	1,227	19.12	1016.00	-1031.45
	1,656	458	12,081	15.16	666.90	441.40	57,300		253	225	542	18.85	1055.55	-1114.70
	1,323	92	10,223	15.22	626.40	420.60	57,400		112	88	148	18.88	1111.75	-1063.65
	13,423	799	56,641	15.23	584.95	395.95	57,500		4,559	461	3,026	18.82	1165.50	-1231.50
	1,700	815	8,932	15.03	535.00	360.65	57,600		81	60	107	18.96	1230.00	-1272.00
	1,364	22	14,993	15.09	500.00	339.30	57,700		72	63	81	19.17	1300.00	-1137.25
	1,797	28	10,248	15.21	470.00	323.00	57,800		70	62	92	18.94	1349.85	-1491.90
	1,070	162	6,409	15.25	437.85	302.35	57,900		60	44	71	19.48	1438.45	-1860.40
	24,426	-379	96,424	15.15	401.00	277.40	58,000		7,249	540	5,133	19.18	1488.45	-1385.70
	1,956	817	6,224	15.23	374.25	259.20	58,100		18	4	6	19.28	1558.70	-2131.45
	1,319	-140	6,890	15.27	347.25	243.20	58,200		31	18	21	19.91	1654.80	-301.30
	1,283	-253	4,820	15.17	316.00	219.45	58,300		8	2	8	19.45	1701.95	-2385.45
	1,150	31	5,000	15.4	299.95	210.85	58,400		13	0	0	0.00	0.00	0.00
	13,261	1,919	48,665	15.25	270.00	188.70	58,500		2,315	-352	1,352	20.21	1875.80	-1449.70
	1,321	204	5,679	15.34	251.40	177.25	58,600		4	0	0	24.97	0.00	0.00
	1,363	-115	6,613	15.17	224.30	155.05	58,700		33	-50	86	20.64	2038.35	-1186.50
	1,335	-247	5,758	15.34	210.65	148.25	58,800		6	0	0	0.00	0.00	0.00
	1,411	302	4,373	15.32	192.00	132.85	58,900		15	0	0	0.00	0.00	0.00
	19,394	-1,758	92,194	15.37	176.70	122.70	59,000		3,964	-665	1,984	21.04	2279.00	-1526.60
	1,509	114	4,764	15.29	158.40	108.60	59,100		0	0	0	0.00	0.00	0.00
	1,320	-278	5,533	15.23	142.40	96.10	59,200		0	0	0	0.00	0.00	0.00
	1,295	-940	6,668	15.51	136.80	94.15	59,300		18	0	0	0.00	0.00	0.00
	916	-109	4,282	15.32	119.20	79.30	59,400		0	0	0	0.00	0.00	0.00
	9,895	-140	43,341	15.58	114.45	77.70	59,500		411	37	675	22.08	2710.20	-1589.80
	676	271	2,460	15.64	105.00	70.95	59,600		0	0	0	0.00	0.00	0.00
	623	202	2,422	15.69	96.00	64.60	59,700		0	0	0	0.00	0.00	0.00
	766	59	3,294	15.73	87.70	58.40	59,800		31	0	0	0.00	0.00	0.00
	936	485	3,296	15.86	81.75	53.65	59,900		0	0	0	0.00	0.00	0.00
	60,750	-2,053	211,552	15.81	72.90	47.10	60,000		26,999	-1,130	11,278	23.72	3175.00	-1570.05
	793	377	1,487	15.98	68.55	44.70	60,100		0	0	0	0.00	0.00	0.00
	628	204	1,581	15.99	62.00	39.60	60,200		2	0	0	21.02	0.00	0.00
	353	173	1,529	16.01	56.00	34.90	60,300		7	7	24	26.04	3501.00	-5552.45
	324	104	1,301	16.15	52.35	32.80	60,400		0	0	0	0.00	0.00	0.00
	7,273	2,190	33,026	16.14	46.95	28.35	60,500		120	2	7	24.26	3614.60	-2085.40
	288	-25	1,181	16.14	42.05	24.80	60,600		0	0	0	0.00	0.00	0.00
	257	50	1,411	16.41	41.00	24.15	60,700		0	0	0	0.00	0.00	0.00
	385	192	1,204	16.62	39.25	23.60	60,800		0	0	0	0.00	0.00	0.00
	156	6	708	16.56	34.50	19.80	60,900		0	0	0	0.00	0.00	0.00
	10,568	-3,082	52,820	16.69	32.25	18.50	61,000		1,644	39	296	28.20	4160.00	-1600.00
	150	-106	1,773	16.7	29.00	15.85	61,100		0	0	0	0.00	0.00	0.00
	289	18	601	17.1	29.70	17.60	61,200		0	0	0	0.00	0.00	0.00
	107	-7	412	16.95	25.30	13.85	61,300		0	0	0	0.00	0.00	0.00
	121	-4	332	16.83	21.65	10.75	61,400		0	0	0	0.00	0.00	0.00
	4,333	1,719	38,806	17.24	22.45	12.00	61,500		163	-3	5	28.40	4600.60	-2852.80
	180	68	712	17.16	19.50	9.50	61,600		0	0	0	0.00	0.00	0.00
	158	-135	446	17.16	17.40	8.60	61,700		0	0	0	0.00	0.00	0.00
	207	35	241	17.54	17.90	9.30	61,800		0	0	0	0.00	0.00	0.00
	216	44	526	17.7	17.00	8.55	61,900		0	0	0	0.00	0.00	0.00
	9,336	-411	23,411	17.74	15.45	7.80	62,000		1,985	-67	93	30.86	5106.60	-1561.60
	133	8	238	17.96	15.00	7.00	62,100		0	0	0	0.00	0.00	0.00
	68	21	239	17.29	10.20	2.80	62,200		0	0	0	0.00	0.00	0.00
	106	10	214	17.64	10.50	3.50	62,300		0	0	0	0.00	0.00	0.00
	143	57	264	17.46	8.65	2.15	62,400		0	0	0	0.00	0.00	0.00
	1,609	826	7,072	18.37	11.30	4.75	62,500		47	-1	1	59.30	6520.00	1140.40
	115	5	214	18.59	11.05	5.25	62,600		0	0	0	0.00	0.00	0.00
	140	23	318	18.09	8.00	2.25	62,700		0	0	0	0.00	0.00	0.00
	166	-68	974	18.55	8.70	1.80	62,800		0	0	0	0.00	0.00	0.00
	113	22	503	18.79	8.60	3.50	62,900		0	0	0	0.00	0.00	0.00
	13,908	3,603	16,817	18.74	7.50	2.10	63,000		1,886	36	95	36.94	6150.00	-1503.15
	3,417	3,003	11,828	19.57	6.15	1.85	63,500		4	0	0	0.00	0.00	0.00
	5,369	58	20,433	20.13	4.55	1.40	64,000		1,003	-10	78	38.15	7079.70	-1581.05
	650	177	4,229	20.89	3.75	0.75	64,500		0	0	0	0.00	0.00	0.00
	4,185	616	5,713	21.71	3.20	0.65	65,000		1,728	-16	31	39.38	8027.00	-1373.00
	1,962	181	2,270	23.66	2.80	0.65	66,000		710	-47	48	49.32	9150.00	-1500.00
	878	-52	1,259	26.42	2.30	0.50	67,500		194	4	5	53.67	10620.00	-1330.00
	1,373	-336	10,790	28.94	1.85	0.05	69,000		87	0	0	95.61	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.