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.
	858	-5	7	0	9249.65	-450.35	51,000		7,191	-67	6,809	39.70	9.00	0.65
	515	0	1	63.32	9044.00	-100.00	51,500		2,327	-619	2,584	38.96	11.90	2.65
	4,118	-33	38	0	8250.00	-524.70	52,000		7,056	-236	4,789	37.09	12.50	2.40
	2	0	0	0	0.00	0.00	52,500		1,045	-312	1,066	35.93	15.30	2.70
	477	5	30	0	7225.15	-665.55	53,000		3,729	-407	2,808	33.95	15.85	2.10
	0	0	0	0	0.00	0.00	53,400		349	29	125	32.69	17.50	2.70
	29	0	0	0	0.00	0.00	53,500		1,996	-322	1,645	31.85	16.00	0.80
	1	0	0	0	0.00	0.00	53,600		55	-6	13	31.13	14.95	-1.10
	1	0	0	0	0.00	0.00	53,700		178	-14	182	30.57	14.50	-2.10
	2	0	0	0	0.00	0.00	53,800		285	-33	407	30.83	17.00	0.35
	2	0	0	0	0.00	0.00	53,900		241	-5	33	31.35	21.00	3.35
	487	-151	159	0	6206.70	-584.95	54,000		8,703	-221	6,400	30.75	20.30	3.60
	2	0	0	0	0.00	0.00	54,100		125	-3	243	30.43	20.85	3.95
	2	0	0	0	0.00	0.00	54,200		149	-18	92	28.79	15.75	-4.05
	1	0	0	0	0.00	0.00	54,300		200	-24	108	29.77	21.90	3.90
	2	0	0	0	0.00	0.00	54,400		197	-204	528	29.84	24.50	5.45
	431	0	0	0	0.00	0.00	54,500		3,733	-825	5,538	29.17	23.35	3.80
	2	0	0	0	0.00	0.00	54,600		153	-20	290	28.70	23.20	3.55
	3	0	0	0	0.00	0.00	54,700		243	-37	277	28.79	26.15	5.15
	2	0	0	0	0.00	0.00	54,800		272	-483	1,128	28.55	27.40	6.55
	2	0	0	0	0.00	0.00	54,900		182	-8	147	27.95	26.50	4.50
	3,416	-1	98	0	5253.50	-517.90	55,000		9,993	-2,799	18,782	27.37	25.80	4.20
	1	0	0	0	0.00	0.00	55,100		159	-48	216	27.28	27.95	4.90
	2	0	0	0	0.00	0.00	55,200		277	-76	637	26.96	28.80	5.90
	2	0	0	0	0.00	0.00	55,300		264	-120	318	26.49	28.75	4.60
	2	0	0	0	0.00	0.00	55,400		342	-119	394	25.73	26.80	1.80
	247	0	0	0	0.00	0.00	55,500		5,418	-466	6,725	26.00	31.70	6.65
	5	0	0	0	0.00	0.00	55,600		695	-94	419	25.72	33.05	6.70
	2	0	0	0	0.00	0.00	55,700		942	-105	479	25.34	33.65	6.35
	7	0	0	0	0.00	0.00	55,800		710	-80	580	25.04	34.95	8.15
	2	0	0	0	0.00	0.00	55,900		928	-80	288	24.26	32.60	4.20
	1,243	-106	129	0	4284.95	-523.25	56,000		15,300	-789	16,616	24.26	36.30	8.15
	1	0	0	0	0.00	0.00	56,100		552	-19	207	23.64	35.15	4.90
	2	0	0	0	0.00	0.00	56,200		787	-97	458	23.70	39.70	9.20
	11	0	0	0	0.00	0.00	56,300		667	3	602	23.25	40.00	8.55
	7	0	0	0	0.00	0.00	56,400		841	-185	907	23.02	42.40	10.50
	554	-1	3	33.33	4068.20	-191.80	56,500		9,482	945	18,226	22.80	45.00	12.30
	60	0	0	0	0.00	0.00	56,600		765	-208	762	22.40	45.90	11.35
	5	0	0	0	0.00	0.00	56,700		819	-299	1,383	22.03	47.20	12.25
	79	0	1	31.05	3760.90	172.20	56,800		1,360	-19	847	21.79	50.00	14.15
	35	0	0	0	0.00	0.00	56,900		762	62	724	21.50	52.45	16.45
	2,903	-60	283	0	3300.00	-509.95	57,000		16,320	-5,515	29,869	21.31	56.25	19.00
	89	0	0	0	0.00	0.00	57,100		722	43	1,230	20.80	56.30	16.95
	102	0	0	0	0.00	0.00	57,200		675	-74	811	20.46	58.55	17.95
	80	0	0	0	0.00	0.00	57,300		2,267	230	2,743	20.31	63.50	21.65
	99	0	0	0	0.00	0.00	57,400		942	-40	1,155	19.80	63.75	21.60
	945	0	123	0	2812.10	-537.90	57,500		8,116	-1,935	14,523	19.64	69.00	25.75
	62	-3	6	16.89	2800.00	342.65	57,600		1,145	16	1,527	19.11	69.25	24.15
	181	15	34	0	2630.00	-370.00	57,700		1,409	367	2,704	18.77	72.20	25.75
	192	-2	5	17.46	2621.20	-408.80	57,800		1,963	-198	7,069	18.60	78.35	29.85
	362	-1	5	12.7	2475.50	-514.50	57,900		1,675	137	4,380	18.13	79.85	30.75
	5,403	113	823	0	2323.90	-509.30	58,000		28,535	-1,079	39,476	17.81	84.10	33.00
	572	-15	23	0	2258.40	-371.60	58,100		2,828	242	3,236	17.39	86.70	34.05
	416	-10	14	11.81	2179.75	-441.00	58,200		2,197	-316	4,957	17.15	93.00	38.10
	530	-41	52	0	2050.85	-520.55	58,300		2,152	147	3,460	16.75	96.60	39.30
	651	-16	55	14.07	2020.55	-385.80	58,400		2,322	37	3,298	16.44	102.55	42.65
	5,011	-1,111	1,588	9.49	1873.25	-457.25	58,500		19,959	829	38,074	16.05	107.05	45.45
	1,195	-11	114	0	1762.00	-469.50	58,600		3,328	-456	4,344	15.78	114.75	49.35
	1,318	-19	378	10.77	1695.85	-446.20	58,700		4,100	-332	6,031	15.41	120.60	52.75
	954	-34	82	10.12	1594.25	-428.65	58,800		3,274	-272	8,477	15.13	129.40	57.70
	774	-26	83	7.52	1472.75	-475.00	58,900		2,515	-164	8,096	14.85	139.05	64.10
	6,860	-863	5,334	9.99	1409.00	-457.25	59,000		28,085	-482	71,530	14.59	150.00	70.05
	1,489	-21	84	9.82	1316.40	-383.60	59,100		2,478	-269	10,773	14.26	160.00	74.90
	1,271	-12	271	9.17	1215.15	-459.85	59,200		3,646	-853	13,407	14.05	174.50	83.45
	875	-24	254	9.88	1144.00	-440.95	59,300		3,353	-679	14,157	13.77	188.05	89.90
	1,736	29	372	9.93	1061.80	-421.95	59,400		2,882	-260	13,135	13.54	204.55	99.05
	5,457	-311	5,134	10.07	984.90	-420.45	59,500		14,580	-2,066	63,640	13.37	224.80	110.45
	1,669	-177	987	10.05	906.60	-402.20	59,600		3,850	-931	17,422	13.18	246.40	121.00
	1,842	-80	1,683	9.94	828.00	-386.05	59,700		5,234	-669	17,195	12.90	266.25	128.80
	1,894	-81	2,890	9.95	756.50	-382.10	59,800		4,705	-429	28,745	12.80	295.00	143.40
	2,382	156	3,497	9.74	680.00	-369.10	59,900		5,005	-1,348	29,805	12.61	322.90	157.05
	52,038	2,526	60,700	9.93	621.90	-350.10	60,000		70,791	-4,325	208,013	12.38	351.70	167.95
	3,640	98	12,012	9.81	555.50	-338.10	60,100		6,169	-1,858	43,506	12.45	395.20	190.20
	5,689	839	33,493	9.91	501.85	-316.65	60,200		5,254	-2,761	92,277	12.36	435.05	206.35
	10,348	4,161	80,618	9.84	445.00	-297.55	60,300		6,274	-1,717	141,641	12.45	485.40	232.10
	9,819	4,596	86,174	9.96	399.70	-273.95	60,400		4,801	-1,697	131,212	12.35	531.05	247.65
	32,743	10,354	185,188	9.97	353.75	-254.75	60,500		20,502	-7,118	227,194	12.30	581.60	262.65
	11,811	3,880	75,693	10.07	315.00	-231.15	60,600		5,677	-5,332	89,247	12.48	645.00	290.15
	17,676	-364	67,919	10.1	277.30	-212.25	60,700		10,962	-8,026	63,642	12.62	709.05	313.80
	18,033	-88	59,769	10.23	246.70	-188.25	60,800		7,554	-4,451	42,486	12.74	775.70	336.30
	8,017	-230	28,073	10.31	217.30	-166.25	60,900		4,275	-2,971	19,993	13.05	851.90	365.65
	28,791	1,131	98,078	10.44	192.80	-144.90	61,000		8,987	-3,788	47,192	13.23	925.20	381.50
	4,586	412	19,088	10.62	172.45	-121.85	61,100		1,113	-319	3,383	12.73	976.00	377.05
	5,461	891	20,987	10.77	153.25	-102.95	61,200		925	-189	2,655	13.72	1082.95	417.85
	12,889	-2,068	27,804	10.9	135.60	-85.30	61,300		1,094	-671	2,053	14.23	1173.55	443.00
	3,159	358	14,914	11.1	122.00	-71.70	61,400		433	-136	1,136	13.90	1237.15	434.65
	16,186	592	52,414	11.33	110.45	-57.90	61,500		1,985	-331	7,857	14.70	1339.65	475.75
	3,126	75	12,478	11.56	100.35	-45.75	61,600		330	0	281	15.27	1435.00	480.55
	4,164	599	12,493	11.75	90.40	-36.15	61,700		309	-39	133	15.65	1525.20	499.00
	3,522	94	13,336	11.99	82.65	-27.80	61,800		234	-25	235	16.18	1620.85	503.15
	2,730	-384	9,023	12.25	76.05	-20.15	61,900		171	63	127	10.96	1577.95	361.95
	24,270	1,273	56,688	12.48	69.45	-13.55	62,000		2,075	-522	2,476	16.85	1802.25	517.65
	2,650	568	9,435	12.82	65.70	-7.85	62,100		65	16	52	9.44	1743.70	295.35
	3,051	904	9,308	13.09	61.25	-3.15	62,200		65	0	9	0.00	1801.70	272.10
	3,428	-817	9,532	13.36	57.00	0.40	62,300		14	-4	8	8.20	1930.00	352.90
	2,669	-623	9,743	13.49	51.05	0.25	62,400		2	0	68	15.39	2110.25	-218.30
	28,160	6,266	44,304	14.12	53.15	7.40	62,500		344	-14	77	0.00	2125.20	373.20
	1,988	188	6,552	14.33	49.00	8.20	62,600		7	0	0	0.00	0.00	0.00
	1,496	56	3,810	14.28	41.75	4.95	62,700		4	0	0	0.00	0.00	0.00
	1,514	4	3,157	14.68	40.90	7.75	62,800		1	0	0	17.75	0.00	0.00
	946	-118	2,160	15.45	44.95	15.25	62,900		2	0	0	0.00	0.00	0.00
	21,921	-869	40,032	15.18	36.00	7.85	63,000		2,973	212	584	21.31	2764.05	539.85
	699	3	1,708	15.72	37.10	11.60	63,100		2	0	0	18.89	0.00	0.00
	1,917	1,107	3,207	15.96	34.80	11.20	63,200		2	0	0	10.96	0.00	0.00
	1,320	389	2,777	16.41	35.00	13.10	63,300		10	-1	3	0.00	2883.30	208.30
	590	43	858	16.74	33.90	13.75	63,400		1	0	0	0.00	0.00	0.00
	10,468	1,026	19,134	16.74	29.75	10.40	63,500		7	0	0	0.00	0.00	0.00
	786	262	1,293	17.01	28.35	10.60	63,600		19	0	0	0.00	0.00	0.00
	721	-76	1,328	17.41	28.20	11.30	63,700		6	0	0	0.00	0.00	0.00
	668	28	833	17.41	24.75	9.45	63,800		1	0	0	0.00	0.00	0.00
	694	-1,694	4,298	17.9	25.50	10.65	63,900		1	0	0	0.00	0.00	0.00
	21,105	991	26,682	17.92	22.60	8.70	64,000		1,101	4	41	26.64	3761.80	559.80
	730	-101	485	18.28	22.30	8.95	64,100		5	0	0	0.00	0.00	0.00
	378	-28	438	18.47	20.90	8.30	64,200		15	0	4	0.00	3650.00	145.20
	482	-189	706	18.81	20.60	8.35	64,300		3	0	0	0.00	0.00	0.00
	536	5	467	18.78	18.00	6.15	64,400		12	0	0	0.00	0.00	0.00
	5,553	710	10,504	19.05	17.40	6.35	64,500		22	0	1	0.00	4024.80	223.15
	269	-10	412	18.87	14.40	2.85	64,600		3	0	0	0.00	0.00	0.00
	625	-33	399	19.14	13.95	3.85	64,700		1	0	0	0.00	0.00	0.00
	367	-25	322	20.23	17.75	7.50	64,800		1	0	0	0.00	0.00	0.00
	298	-63	199	19.94	14.30	4.75	64,900		2	0	0	0.00	0.00	0.00
	18,872	2,340	17,853	20.25	14.10	4.90	65,000		2,765	-7	109	29.69	4727.20	529.65
	244	-62	241	19.97	11.30	2.30	65,100		2	0	0	0.00	0.00	0.00
	251	4	304	20.49	12.00	3.35	65,200		2	0	0	0.00	0.00	0.00
	0	0	20	19.99	8.85	-344.55	65,300		0	0	0	0.00	0.00	0.00
	27	27	87	21.41	12.95	-327.90	65,400		0	0	0	0.00	0.00	0.00
	2,602	-371	3,941	21.4	11.50	3.60	65,500		2	0	0	0.00	0.00	0.00
	17	17	147	21.33	10.00	-306.95	65,600		0	0	0	0.00	0.00	0.00
	0	0	0	0	0.00	0.00	65,700		0	0	0	0.00	0.00	0.00
	4,506	-24	8,223	21.68	7.05	0.35	66,000		120	0	0	50.24	0.00	0.00
	3,659	27	2,532	22.61	5.55	0.45	66,500		22	-9	29	0.00	6100.00	245.00
	6,329	241	15,968	23.66	4.65	0.15	67,000		1,093	-1	3	31.71	6651.00	506.70
	8,807	9	5,908	24.81	4.10	0.00	67,500		173	0	0	0.00	0.00	0.00
	1,684	313	1,926	26.15	3.95	0.05	68,000		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.