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.
	5,313	-6	18	41.47	9674.95	172.00	50,000		4,190	77	8,751	34.21	5.50	0.45
	11	0	0	0	0.00	0.00	50,500		395	1	776	32.55	5.80	0.40
	714	-43	51	35.96	8670.80	210.75	51,000		1,080	-137	3,134	30.71	5.90	0.60
	18	0	0	0	0.00	0.00	51,500		99	-28	686	29.17	6.45	0.65
	761	-6	13	34.14	7637.75	105.95	52,000		3,785	-26	4,498	27.45	6.30	0.30
	36	0	3	0	6500.00	-650.00	52,500		381	0	738	26.07	7.70	0.40
	0	0	0	0	0.00	0.00	52,600		133	-132	275	26.20	6.20	-2.10
	0	0	0	0	0.00	0.00	52,700		23	2	97	25.30	7.55	0.30
	0	0	0	0	0.00	0.00	52,800		53	2	338	25.47	8.85	1.15
	0	0	0	0	0.00	0.00	52,900		289	8	755	25.15	9.75	2.60
	1,034	-1	10	0	6600.00	132.15	53,000		3,491	-248	4,228	25.05	9.20	0.00
	0	0	0	0	0.00	0.00	53,100		79	23	160	24.54	8.50	-2.70
	0	0	0	0	0.00	0.00	53,200		37	11	153	24.27	9.90	0.70
	0	0	0	0	0.00	0.00	53,300		21	9	249	24.14	10.65	-0.35
	0	0	0	0	0.00	0.00	53,400		48	-16	315	23.89	10.70	1.25
	23	0	1	26.95	6136.45	356.45	53,500		986	45	1,815	23.65	10.30	0.10
	1	0	0	0	0.00	0.00	53,600		20	-21	271	23.16	10.10	0.70
	17	0	0	0	0.00	0.00	53,700		34	10	104	22.84	11.10	0.85
	3	0	0	0	0.00	0.00	53,800		39	2	45	22.21	11.55	0.00
	0	0	0	0	0.00	0.00	53,900		35	16	261	22.50	11.80	1.90
	1,568	-19	33	32.23	5711.85	214.35	54,000		4,230	509	8,017	22.34	12.35	0.45
	1	0	0	0	0.00	0.00	54,100		290	214	847	21.90	12.65	1.25
	0	0	0	0	0.00	0.00	54,200		153	-11	81	21.61	12.45	0.65
	0	0	0	0	0.00	0.00	54,300		142	0	65	21.30	14.60	2.25
	142	0	0	0	0.00	0.00	54,400		467	-83	717	20.74	13.00	1.15
	303	-4	23	27.54	5185.00	-240.00	54,500		2,534	153	7,709	20.98	14.90	2.00
	1	0	0	0	0.00	0.00	54,600		286	-101	384	20.67	12.35	-0.90
	1	0	0	0	0.00	0.00	54,700		156	-185	734	20.42	14.10	0.10
	0	0	0	0	0.00	0.00	54,800		153	-97	353	20.06	16.20	2.80
	1	0	0	0	0.00	0.00	54,900		513	141	576	19.71	16.10	1.85
	1,807	-30	176	16.28	4716.75	187.45	55,000		10,495	187	15,397	19.65	17.30	1.95
	2	0	0	0	0.00	0.00	55,100		484	289	782	18.97	18.00	2.85
	3	0	1	0	4062.55	-483.95	55,200		677	169	484	18.98	18.20	2.15
	1	0	0	0	0.00	0.00	55,300		680	141	679	18.83	17.90	1.25
	11	0	0	0	0.00	0.00	55,400		462	109	853	18.54	17.40	-0.85
	600	-26	72	23.42	4249.30	199.30	55,500		5,798	-481	11,741	18.24	19.90	2.10
	10	0	1	0	3830.70	0.70	55,600		374	31	531	17.98	20.85	2.35
	0	0	0	0	0.00	0.00	55,700		404	40	620	17.74	20.55	0.60
	16	0	0	0	0.00	0.00	55,800		693	91	883	17.49	22.40	1.00
	2	0	0	0	0.00	0.00	55,900		506	148	820	17.21	24.50	1.60
	3,233	-147	790	21.42	3754.45	188.05	56,000		13,317	112	27,868	16.92	23.80	0.10
	0	0	0	0	0.00	0.00	56,100		367	-25	1,386	16.63	24.50	0.15
	9	0	0	0	0.00	0.00	56,200		711	169	2,730	16.36	25.40	-1.40
	4	0	0	0	0.00	0.00	56,300		370	-387	3,472	16.18	27.35	-0.70
	7	0	0	0	0.00	0.00	56,400		702	-194	3,217	15.91	29.45	-0.30
	758	-6	49	21.18	3261.95	204.35	56,500		8,524	652	28,321	15.63	31.15	-0.30
	2	0	0	0	0.00	0.00	56,600		1,497	457	3,743	15.40	33.75	0.10
	1	0	0	0	0.00	0.00	56,700		869	106	3,363	15.17	34.20	-1.50
	1	0	0	0	0.00	0.00	56,800		731	147	3,241	14.90	36.05	-2.55
	16	0	0	21.64	0.00	0.00	56,900		1,003	183	4,035	14.66	39.55	-2.80
	1,962	-121	285	10.22	2778.35	179.20	57,000		19,342	3,165	49,965	14.50	41.50	-4.60
	5	0	0	0	0.00	0.00	57,100		1,032	249	3,886	14.26	43.80	-5.70
	10	0	0	0	0.00	0.00	57,200		1,754	477	9,839	14.02	47.10	-7.20
	35	-1	2	15.8	2420.00	130.00	57,300		1,359	554	5,589	13.84	51.05	-8.40
	10	0	0	0	0.00	0.00	57,400		1,568	173	6,726	13.70	55.05	-9.90
	918	-83	173	13.82	2309.65	179.20	57,500		15,109	1,093	40,033	13.46	59.00	-14.00
	150	0	9	0	1906.75	-93.30	57,600		1,176	-15	7,184	13.29	64.25	-14.10
	20	5	9	0	1565.00	-349.50	57,700		2,683	703	12,094	13.12	70.15	-17.20
	20	7	28	13.99	1940.55	162.15	57,800		2,304	77	11,207	12.98	76.95	-20.00
	42	3	15	15.53	1900.00	185.15	57,900		2,253	222	12,665	12.81	84.80	-22.15
	2,928	372	3,738	14.1	1840.00	192.30	58,000		25,747	-729	83,435	12.68	93.40	-25.10
	129	2	14	13.25	1741.10	142.90	58,100		4,600	244	17,030	12.52	102.05	-28.15
	144	5	56	15.94	1675.75	166.65	58,200		3,072	-58	17,035	12.40	114.25	-31.05
	120	21	98	10.67	1560.30	159.05	58,300		2,549	280	16,149	12.27	125.15	-35.70
	279	20	264	13.05	1489.85	152.05	58,400		2,899	407	17,529	12.16	140.15	-38.35
	2,421	240	7,867	12.81	1401.40	159.40	58,500		19,503	-302	69,947	12.03	153.10	-45.00
	641	102	1,001	12.53	1318.60	153.45	58,600		2,851	233	22,208	11.94	171.90	-47.15
	679	257	2,983	12.68	1243.95	154.60	58,700		4,897	1,617	39,581	11.82	189.00	-54.85
	1,073	470	8,383	12.45	1162.00	149.70	58,800		5,900	1,381	48,605	11.75	209.30	-60.50
	1,480	665	17,287	12.33	1085.15	137.10	58,900		6,645	2,065	58,424	11.62	233.25	-61.65
	11,330	716	98,930	12.26	1008.75	134.45	59,000		34,280	3,407	226,172	11.51	257.85	-70.70
	1,728	-54	50,730	12.11	936.55	131.00	59,100		6,921	2,154	93,806	11.41	284.60	-74.85
	3,207	-50	55,385	12.04	870.55	121.80	59,200		7,110	621	91,426	11.35	314.25	-81.45
	4,593	1,019	58,779	11.88	802.50	114.10	59,300		9,956	2,980	78,796	11.27	345.85	-89.30
	5,151	1,178	72,119	11.79	734.00	104.50	59,400		8,115	1,032	81,039	11.16	380.75	-96.20
	54,951	1,670	175,275	11.66	668.30	97.65	59,500		62,622	784	140,947	11.04	414.00	-106.50
	7,379	1,171	52,041	11.63	613.55	91.60	59,600		5,935	311	32,593	11.01	457.05	-113.75
	8,963	753	60,559	11.57	557.85	85.15	59,700		7,195	1,169	32,450	10.92	499.55	-120.10
	7,920	-1,314	49,900	11.48	507.00	79.10	59,800		5,414	-383	22,762	10.88	546.70	-128.65
	7,245	-539	30,684	11.44	456.95	70.60	59,900		3,099	-763	9,880	10.82	598.50	-129.70
	52,488	-2,383	167,811	11.4	412.45	64.25	60,000		27,302	-1,865	47,936	10.77	652.65	-138.75
	7,358	-690	29,156	11.36	370.65	61.05	60,100		1,830	-559	3,310	10.70	712.00	-151.40
	9,865	-624	30,318	11.33	331.40	52.10	60,200		2,503	-317	3,627	10.76	770.95	-156.10
	9,470	260	29,824	11.28	293.05	50.35	60,300		1,681	-298	1,669	10.48	841.50	-145.65
	5,089	-840	25,766	11.27	261.30	41.80	60,400		1,565	-87	450	10.37	901.70	-155.35
	19,726	-215	69,654	11.25	232.85	37.45	60,500		5,432	-493	5,228	10.76	975.45	-160.70
	3,812	198	18,485	11.25	204.40	31.90	60,600		1,842	-46	1,319	10.67	1042.65	-174.60
	4,744	382	20,149	11.25	180.60	28.15	60,700		1,044	-47	320	10.95	1118.00	-168.70
	4,996	689	26,872	11.26	159.90	25.60	60,800		684	12	139	10.91	1200.00	-169.65
	3,280	385	16,728	11.29	140.85	20.15	60,900		1,138	-108	1,238	10.89	1284.80	-177.55
	26,047	-100	88,858	11.3	122.55	18.20	61,000		4,271	-109	1,848	10.05	1356.80	-193.10
	2,335	-298	16,108	11.35	108.20	15.70	61,100		214	-6	24	11.07	1555.40	-115.80
	3,030	-406	18,320	11.41	95.00	12.45	61,200		203	0	23	11.38	1562.25	-188.50
	3,364	-60	16,374	11.47	83.25	11.00	61,300		208	-7	21	10.87	1620.15	-204.65
	2,842	180	9,700	11.5	74.05	9.95	61,400		73	0	7	0.00	1744.30	-217.90
	16,392	-985	47,153	11.61	64.45	6.90	61,500		742	0	212	10.66	1800.90	-203.80
	2,062	-529	8,009	11.7	57.65	6.05	61,600		50	0	0	7.67	0.00	0.00
	2,392	337	7,970	11.81	50.70	4.05	61,700		30	0	0	0.00	0.00	0.00
	2,387	-1,394	9,678	11.9	44.80	2.45	61,800		56	0	1	0.00	2096.75	382.00
	1,614	-507	6,270	12.01	40.50	2.35	61,900		48	0	1	0.00	2200.00	565.90
	23,220	781	45,312	12.21	36.95	1.80	62,000		3,012	27	293	11.20	2282.00	-206.60
	1,549	-179	4,406	12.33	33.30	1.05	62,100		0	0	0	0.00	0.00	0.00
	1,047	-543	4,475	12.5	30.00	0.30	62,200		2	0	0	0.00	0.00	0.00
	1,087	191	4,694	12.67	26.90	-0.40	62,300		1	1	3	26.86	3049.70	-924.55
	1,304	-263	2,638	12.84	25.70	0.10	62,400		0	0	0	0.00	0.00	0.00
	14,616	1,892	27,517	12.98	22.05	-1.50	62,500		301	1	44	0.00	2750.00	-198.45
	642	-116	1,536	13.23	21.95	-0.55	62,600		0	0	0	0.00	0.00	0.00
	732	38	6,423	13.43	19.40	-2.10	62,700		2	0	0	0.00	0.00	0.00
	653	-190	1,511	13.61	19.40	-1.00	62,800		0	0	0	0.00	0.00	0.00
	500	3	1,332	13.87	17.40	-1.90	62,900		0	0	0	0.00	0.00	0.00
	24,522	-3,363	28,630	14.14	16.90	-1.90	63,000		1,737	3	143	14.71	3259.00	-173.90
	769	-95	914	14.29	18.00	0.55	63,100		15	0	0	0.00	0.00	0.00
	696	-367	2,159	14.5	15.20	-1.65	63,200		0	0	0	0.00	0.00	0.00
	213	-32	590	14.84	16.00	0.00	63,300		0	0	0	0.00	0.00	0.00
	407	1	961	15.04	13.00	-2.60	63,400		0	0	0	0.00	0.00	0.00
	10,978	-1,498	14,062	15.33	13.75	-1.65	63,500		62	0	0	0.00	0.00	0.00
	415	-52	480	15.45	13.40	-0.90	63,600		0	0	0	0.00	0.00	0.00
	287	-25	328	15.76	13.45	-1.00	63,700		0	0	0	0.00	0.00	0.00
	469	10	364	15.95	11.65	-2.35	63,800		0	0	0	0.00	0.00	0.00
	278	-59	457	16.01	11.40	-2.15	63,900		0	0	0	0.00	0.00	0.00
	6,763	-581	10,149	16.43	11.45	-1.65	64,000		403	0	119	0.00	4236.30	-234.50
	447	190	889	16.62	10.80	-1.85	64,100		0	0	0	0.00	0.00	0.00
	216	-62	388	16.81	10.50	-1.35	64,200		1	0	0	0.00	0.00	0.00
	176	-15	145	17.16	10.45	-1.15	64,300		0	0	0	0.00	0.00	0.00
	167	-33	329	17.15	9.55	-1.90	64,400		0	0	0	0.00	0.00	0.00
	2,604	123	4,794	17.54	9.15	-2.20	64,500		19	0	0	0.00	0.00	0.00
	90	5	36	17.71	11.00	0.35	64,600		1	0	0	0.00	0.00	0.00
	222	36	415	17.94	9.95	0.55	64,700		0	0	0	0.00	0.00	0.00
	107	-1	123	18.24	9.65	-0.75	64,800		0	0	0	0.00	0.00	0.00
	56	12	63	18.38	8.30	-1.60	64,900		0	0	0	0.00	0.00	0.00
	14,478	2,794	12,728	18.49	7.25	-2.20	65,000		2,180	2	131	0.00	5210.55	-185.00
	0	0	0	0	0.00	0.00	65,100		0	0	0	0.00	0.00	0.00
	0	0	0	0	0.00	0.00	65,200		0	0	0	0.00	0.00	0.00
	2,153	-36	1,479	19.4	6.10	-1.55	65,500		47	0	0	0.00	0.00	0.00
	5,069	307	4,197	20.26	5.05	-1.25	66,000		50	-5	7	0.00	6324.95	600.10
	1,862	78	2,197	21.3	4.25	-1.00	66,500		0	0	0	0.00	0.00	0.00
	2,491	167	2,791	22.28	4.25	-0.65	67,000		528	2	33	0.00	7216.70	-229.35
	6,812	303	11,366	23.44	4.20	-0.60	67,500		102	-1	2	0.00	7700.00	-308.55

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.