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.
	1	0	1	0	15000.00	1200.00	42,000		4,867	-904 -1	11,388 268	170.61	0.30	-0.25
	1	0	0	0	0.00	0.00	42,500		1,128	-13	6,338 22	164.44	0.30	-0.40
	32	-47	51	0	13870.00	240.00	43,000		1,167	357	11,203 17	161.56	0.40	-0.20
	0	0	0	0	0.00	0.00	43,500		2,730	2,032	17,501	153.94	0.35	-0.35
	3	0	0	0	0.00	0.00	45,700		43	3	7	130.14	0.45	-0.10
	4	0	0	0	0.00	0.00	45,800		209	-38	129	123.64	0.25	-0.65
	4	0	0	0	0.00	0.00	45,900		44	0	14	125.45	0.35	-0.25
	101	-10	52	0	10987.65	350.45	46,000		1,681	-1,887 20	9,761 30	125.50	0.45	-0.30
	4	0	0	0	0.00	0.00	46,100		77	6	58	126.40	0.50	-0.50
	4	0	0	0	0.00	0.00	46,200		58	0	0	0.00	0.00	0.00
	10	0	0	0	0.00	0.00	46,300		59	7	58	125.78	0.60	-1.30
	3	0	0	0	0.00	0.00	46,400		74	7	82	120.83	0.40	-0.60
	8	-1	5	0	10070.00	970.00	46,500		1,787	-37	4,448 33	118.51	0.30	-0.35
	0	0	0	0	0.00	0.00	46,600		45	0	0	0.00	0.00	0.00
	0	0	0	0	0.00	0.00	46,700		30	-2	9	123.15	0.75	-0.05
	0	0	0	0	0.00	0.00	46,800		53	4	78	113.79	0.30	-0.75
	2	0	0	0	0.00	0.00	46,900		50	0	5	115.04	0.40	-0.75
	134	-20	32	0	10176.25	520.70	47,000		11,086	-3,350 -115	25,773 673	112.78	0.40	-0.40
	2	0	0	0	0.00	0.00	47,600		341	23	1,208	103.43	0.25	-0.40
	2	0	0	0	0.00	0.00	47,700		130	-14 -6	54 2	102.32	0.25	-0.60
	2	0	0	0	0.00	0.00	47,800		253	0	0	0.00	0.00	0.00
	2	0	0	0	0.00	0.00	47,900		40	13	59	106.88	0.60	-0.35
	277	-42	100	0	9071.05	426.85	48,000		6,049	543	20,159 10	103.38	0.60	-0.35
	2	0	0	0	0.00	0.00	48,400		90	-4	173	98.82	0.45	-0.65
	15	-13	22 1	0	8725.00	574.75	48,500		3,802	-2,480 -10	63,666 204	97.69	0.60	-0.05
	4	0	0	0	0.00	0.00	48,600		183	38	172	98.75	0.60	-0.50
	219	-141	321	152.59	8241.55	599.45	49,000		5,104	-3,412 -15	61,771 65	92.79	0.50	-0.30
	1	0	0	0	0.00	0.00	49,100		47	-16	123	90.09	0.40	-0.45
	23	0	0	0	0.00	0.00	49,200		135	-16 1	371	88.97	0.40	-0.60
	2	0	0	0	0.00	0.00	49,600		100	16	142	86.00	0.50	-0.60
	1,279	-920 -1	1,481	141.98	7254.70	627.40	50,000		17,332	2,247 -18	35,661 52	83.25	0.75	-0.60
	6	0	1	80.07	7100.00	1385.25	50,100		289	-22 -3	342	78.99	0.40	-0.85
	20	0	0	0	0.00	0.00	50,200		307	-14	681	82.39	0.80	-0.60
	49	0	0	0	0.00	0.00	50,600		404	-1 -8	472 12	76.42	0.65	-0.95
	14	-2	11	0	5960.00	-69.45	50,700		425	-104 -13	1,012 37	70.80	0.65	-1.05
	1,973	-59 -4	726 8	112.08	6200.00	556.35	51,000		15,233	493 -209	32,731 209	71.89	0.75	-1.05
	19	0	0	0	0.00	0.00	51,300		836	83 3	1,671 31	64.37	0.45	-1.10
	20	0	0	0	0.00	0.00	51,400		610	71	1,203	64.06	0.35	-1.50
	26	0	0	0	0.00	0.00	51,700		1,350	393	10,179 115	63.56	0.85	-1.10
	58	0	1	0	4859.00	29.00	51,800		1,053	-186 -232	16,962 129	61.98	0.75	-1.25
	9	0	0	0	0.00	0.00	52,100		1,132	87 -68	12,989 211	59.50	1.00	-1.10
	72	0	4	0	4800.00	356.00	52,200		3,066	2,245 -11	13,864 228	58.38	0.90	-1.50
	1,837	-9	392 1	92.35	4690.00	528.10	52,500		5,093	-3,238 20	45,412 671	55.01	0.90	-1.70
	70	-4	70	0	4050.00	994.00	52,800		1,317	512 -37	10,063 156	52.00	0.90	-2.00
	11	0	5	0	3940.00	1038.15	52,900		1,008	-469 -68	11,794 200	50.54	0.75	-2.20
	22	8	13	0	3450.00	25.60	53,200		2,790	846 -8	34,282 869	47.50	0.85	-2.45
	55	-3	23	0	3745.00	366.95	53,300		2,253	-151 -86	31,742 506	46.07	0.80	-2.45
	55	-11	21	0	3356.55	444.15	53,600		5,382	3,485 -196	50,655 1,149	42.71	0.75	-2.90
	78	-1	4	0	2943.80	-96.65	53,700		6,052	2,289 -222	49,010 828	41.88	0.90	-2.95
	47	0	7	0	3100.00	251.00	53,800		5,495	3,104 119	43,076 297	41.01	0.90	-3.05
	64	0	5	0	3142.10	542.75	53,900		2,842	582	35,027 1,182	39.88	0.90	-3.45
	82	-2	27	0	2525.10	315.05	54,300		2,824	460 -233	67,963 1,709	35.78	0.90	-4.25
	94	-21	172	0	2634.95	564.70	54,400		4,192	1,039 118	78,841 1,994	34.63	1.00	-4.60
	234	-24	67	0	2336.80	416.80	54,700		5,352	2,418 -327	142,529 1,934	31.19	1.15	-5.85
	243	-32	97	0	2125.00	291.05	54,800		4,721	-254 -109	165,227 1,743	30.21	1.15	-6.40
	240	-41	181	0	1908.95	369.35	55,100		5,847	-1,484 -416	261,937 2,221	27.42	1.30	-8.45
	603	-61	229 1	0	2000.40	573.70	55,200		9,927	-3,710 53	265,370 5,357	26.23	1.25	-9.25
	6,672	-1,621 -6	7,585 51	31.86	1694.50	554.35	55,500		45,198	10,125 -1528	772,695 13,434	23.24	1.55	-14.05
	8,350	-509 3	6,606 87	26.18	1400.00	554.00	55,800		21,665	1,438 190	603,735 7,891	20.19	1.85	-21.95
	5,706	-620 4	7,679 22	25.15	1292.70	544.05	55,900		13,349	-2,151 -517	688,175 7,091	19.32	2.10	-26.55
	33,659	-5,895 -179	81,124 312	27.41	1197.15	537.10	56,000		83,466	12,889 458	1,765,829 34,259	18.27	2.45	-31.85
	2,486	-3,435 -28	101,032 249	21.66	901.65	517.15	56,300		19,437	4,398 -667	1,415,609 10,758	15.03	3.45	-60.40
	5,442	-5,550 -17	189,247 238	20.48	798.35	491.75	56,400		27,270	9,607 -865	1,682,304 15,395	13.94	4.10	-78.90
	22,338	-17,656 -684	694,095 1,507	17.58	699.35	463.95	56,500		76,280	29,736 -1683	2,973,747 32,891	13.03	5.15	-106.35
	12,521	-17,562 -325	1,151,194 2,474	16.93	604.75	430.40	56,600		61,399	36,766 -2437	2,507,960 23,128	12.03	6.50	-145.00
	19,286	-2,815 -748	1,782,104 4,070	13.3	407.75	316.35	56,800		52,905	45,374 -2722	1,578,484 39,090	10.06	11.60	-254.90
	26,985	11,538 -525	1,758,205 5,788	12.15	312.40	245.85	56,900		47,961	43,652 1239	1,185,559 34,230	8.98	16.15	-325.50
	30,894	17,814 -5,701	2,014,828 41,707	9.12	139.30	104.10	57,100		44,581	43,323 6986	470,236 46,071	7.35	42.75	-468.35
	45,372	31,561 558	2,371,099 101,295	8.28	74.60	48.70	57,200		29,243	28,233 10857	276,941 51,293	6.69	79.35	-524.10
	33,969	24,137 3,313	1,727,431 75,462	8.13	18.90	4.55	57,400		4,082	3,622 1364	34,840 3,773	5.25	225.95	-565.85
	65,292	19,045 107	2,639,654 88,549	8.49	10.80	-0.45	57,500		5,416	3,555 987	55,994 3,705	5.29	315.45	-575.10
	11,390	-3,000 -359	670,592 10,888	10.53	2.75	-2.60	57,800		363	248 28	1,808 162	0.00	612.40	-565.25
	8,433	770 -41	313,966 8,691	12.97	1.50	-2.30	58,100		38	5	192 4	0.00	900.00	-1710.00
	9,581	3,542 -313	300,223 6,251	14.08	1.35	-2.15	58,200		60	-11	92 1	0.00	993.65	-610.60
	9,000	5,263 448	167,061 2,519	18.32	1.10	-1.45	58,600		6	0	0	0.00	0.00	0.00
	6,872	1,674 -4	151,000 1,553	19.36	1.00	-1.55	58,700		12	2	31	47.33	1608.05	-2295.35
	2,448	333 -78	48,587 1,201	24.35	0.95	-1.15	59,200		14	-7	90	68.50	2186.15	-380.40
	2,209	762 -12	41,204 820	25.42	1.00	-1.00	59,300		3	0	0	0.00	0.00	0.00
	3,183	909 13	40,671 626	28.22	0.90	-0.95	59,600		3	0	0	0.00	0.00	0.00
	1,872	-1,171 1	22,988 219	29.45	0.85	-0.90	59,700		4	0	0	0.00	0.00	0.00
	1,401	-1,145 -20	25,390 302	30.49	0.85	-0.80	59,800		4	0	0	0.00	0.00	0.00
	1,586	706 -1	22,019 295	31.31	0.85	-0.95	59,900		1	0	0	0.00	0.00	0.00
	2,652	-119 10	15,447 173	34.59	0.85	-0.65	60,200		2	0	0	0.00	0.00	0.00
	1,750	138 34	20,203 296	35.82	0.90	-0.85	60,300		4	0	0	0.00	0.00	0.00
	1,735	601 12	17,794 89	36.37	0.85	-0.90	60,400		3	0	0	0.00	0.00	0.00
	7,951	461 -34	146,589 1,528	37.84	1.00	-0.60	60,500		0	0	0	0.00	0.00	0.00
	542	162 -8	8,464 121	40.6	0.75	-0.90	60,800		0	0	0	0.00	0.00	0.00
	426	43 -8	4,626 364	41.33	0.65	-1.00	60,900		0	0	0	0.00	0.00	0.00
	289	59 22	1,946 45	44.8	0.70	-0.85	61,200		0	0	0	0.00	0.00	0.00
	197	67 -37	2,010 26	45.78	0.80	-0.55	61,300		0	0	0	0.00	0.00	0.00
	426	16	2,623 24	48.96	0.95	-0.40	61,600		0	0	0	0.00	0.00	0.00
	8,124	-673 -27	87,700 1,294	52.53	0.80	-0.65	62,000		30	-6	26	115.49	4950.00	-410.45
	5,142	110 77	78,574 683	57.26	0.85	-0.60	62,500		1	0	1	133.40	5500.00	-971.00
	6,638	-407 -20	52,127 622	69.81	0.65	-0.60	64,000		0	-1	5	152.27	6969.85	-230.15
	36,223	5,182 -203	181,099 1,173	75.1	0.70	-0.55	64,500		0	0	0	0.00	0.00	0.00
	5	0	0	0	0.00	0.00	40,500		9,020	-2,079 64	54,085 1,856	184.48	0.30	-0.20
	11	0	0	0	0.00	0.00	44,000		1,072	-189	21,160	146.31	0.30	-0.25
	3	0	0	0	0.00	0.00	44,500		659	343 -10	2,229 33	143.28	0.30	-0.45
	2	0	0	0	0.00	0.00	44,900		673	149 -2	814	137.17	0.35	-0.35
	268	-198	316	0	11959.90	310.20	45,000		6,756	-1,166 28	19,736 160	132.82	0.30	-0.45
	2	0	0	0	0.00	0.00	45,100		87	-75 -1	288	129.69	0.20	-0.70
	2	0	0	0	0.00	0.00	45,200		57	-8	216	134.92	0.40	-0.45
	3	0	0	0	0.00	0.00	45,300		73	2	64	139.49	0.70	-0.20
	3	0	0	0	0.00	0.00	45,400		111	0	270	129.85	0.30	-0.85
	1	0	0	0	0.00	0.00	45,500		490	-812 -9	4,671 8	130.11	0.40	-0.25
	4	0	0	0	0.00	0.00	45,600		111	26	747	130.19	0.40	-0.10
	5	0	0	0	0.00	0.00	47,100		176	0	66	117.00	0.65	-0.15
	0	0	0	0	0.00	0.00	47,200		50	2	32	109.27	0.30	-0.65
	5	0	0	0	0.00	0.00	47,300		61	0	6	108.15	0.30	-0.55
	2	0	0	0	0.00	0.00	47,400		66	-46	146	108.23	0.35	-0.80
	2	0	2	0	9409.20	309.20	47,500		1,848	671 21	20,102 5	108.15	0.35	-0.45
	2	0	0	0	0.00	0.00	48,100		34	0	0	0.00	0.00	0.00
	2	0	0	0	0.00	0.00	48,200		157	51	351	96.82	0.25	-1.00
	2	0	0	0	0.00	0.00	48,300		60	3	6	96.98	0.30	-0.70
	4	0	0	0	0.00	0.00	48,700		59	4	22	92.56	0.30	-0.65
	5	0	1	182.49	8500.00	1651.90	48,800		161	55 2	203 1	93.44	0.60	-0.35
	1	0	0	0	0.00	0.00	48,900		80	13	119	90.36	0.30	-0.75
	24	0	0	0	0.00	0.00	49,300		120	19	154	86.97	0.35	-0.65
	1	0	0	0	0.00	0.00	49,400		62	4	165	86.74	0.40	-0.70
	387	0	131 4	0	7700.00	535.00	49,500		5,408.5	-73 14	10,922 13	86.41	0.60	-0.70
	1	0	0	0	0.00	0.00	49,700		222	-41	417 1	85.52	0.40	-0.95
	4	0	0	0	0.00	0.00	49,800		285	-182	1,054	81.47	0.35	-0.95
	1	0	0	0	0.00	0.00	49,900		233	3	414	82.63	0.50	-0.95
	13	0	0	0	0.00	0.00	50,300		145	-5 4	678	75.11	0.30	-1.30
	23	0	3	0	6600.00	400.00	50,400		197	8 -4	169 6	78.69	0.55	-1.30
	75	-29	64	0	6515.00	369.80	50,500		4,338	-949 -7	9,560 22	74.58	0.45	-1.05
	13	0	9	0	6200.00	400.00	50,800		578	122	1,796 12	74.61	0.50	-0.75
	14	-5	9	0	6140.00	420.00	50,900		654	-11	943 48	74.71	0.20	-1.30
	31	0	0	0	0.00	0.00	51,100		546	81 4	1,386 116	63.23	0.30	-1.50
	29	0	0	0	0.00	0.00	51,200		512	40 -4	2,186 54	63.50	0.65	-0.95
	243	-104	193	0	5660.00	525.50	51,500		6,986	1,086 -179	64,371 330	64.81	0.75	-1.20
	27	0	0	0	0.00	0.00	51,600		1,042	-72	8,362 167	63.16	0.60	-1.20
	41	0	1	0	5234.50	1193.85	51,900		1,472	117 5	13,846 121	60.39	0.75	-1.30
	1,309	-357	811	0	5072.25	435.95	52,000		9,971	-4,253 -324	77,658 508	60.21	0.75	-1.55
	17	0	2	0	4309.35	-50.65	52,300		809	-70 -26	7,211 448	57.25	1.05	-1.30
	2	0	0	0	0.00	0.00	52,400		784	-332 23	8,328 626	55.75	0.95	-1.65
	11	0	0	0	0.00	0.00	52,600		1,121	314 -95	12,940 223	53.89	0.90	-1.90
	4	0	0	0	0.00	0.00	52,700		1,395	112 -88	15,360 159	53.45	0.95	-1.70
	2,506	-171	923 20	77.77	4200.00	566.60	53,000		22,222	-133 489	244,754 1,678	49.75	0.90	-2.10
	91	-1	13	0	3837.00	353.50	53,100		2,397	851 -4	25,663 484	48.30	0.80	-2.30
	31	1	3	0	3260.00	35.40	53,400		3,592	2,460 -40	41,213 549	44.63	0.80	-2.70
	859	-41 1	265 3	76.73	3744.60	618.35	53,500		27,154	8,728 -448	368,234 2,901	43.83	0.80	-2.70
	4,370.5	41 -3	1,813 4	58.32	3204.10	570.95	54,000		33,156	-7,073 -15	341,676 4,168	39.21	0.95	-3.50
	121	-4	30	0	2890.55	325.55	54,100		3,676	590 -187	55,740 1,935	37.62	0.90	-3.70
	59	-7	12	0	2766.90	346.90	54,200		3,648	483 -116	64,032 1,228	36.71	0.95	-3.80
	1,506	-102 -1	544 1	54.45	2687.65	548.50	54,500		23,578	-2,655 -105	380,006 6,736	33.67	1.00	-5.15
	468	-13	21	0	2337.00	297.90	54,600		6,632	1,052 -38	132,273 1,611	32.52	1.05	-5.45
	231	-24	117	0	2089.00	360.35	54,900		5,244	-1,899 63	148,927 1,550	29.05	1.15	-7.20
	9,791	-948	4,137 27	42.98	2196.40	559.20	55,000		42,055	-9,801 97	767,434 8,834	28.48	1.25	-7.80
	945	-32	192 9	0	1929.85	600.65	55,300		14,898	6,813 27	324,903 5,466	25.04	1.25	-10.70
	1,666	-55 -2	511 1	39.06	1830.00	600.25	55,400		14,398	7,260 -55	333,791 6,731	24.06	1.45	-12.00
	3,065	-244 1	2,728 10	28.37	1596.75	556.10	55,600		16,041	5,071 -428	401,499 7,914	22.35	1.65	-16.10
	3,865	-359	3,051 70	29.28	1484.95	549.65	55,700		17,200	795 -284	538,224 8,955	21.32	1.75	-18.45
	6,263	-1,376 -2	22,668 46	23.06	1110.35	548.85	56,100		18,404	2,651 -31	833,774 8,967	17.16	2.60	-38.15
	6,826	-749 -30	46,662 100	22.48	995.55	524.10	56,200		25,105	6,723 86	1,158,024 13,460	16.04	2.90	-47.40
	20,871	-2,366 -547	1,696,956 2,012	14.96	502.35	375.50	56,700		57,376	44,889 549	2,221,864 46,828	11.02	8.55	-193.95
	51,694.5	-8,608 -3,638.5	3,327,065 24,285	10.31	221.35	172.50	57,000		77,175	68,142 1197	1,343,141 56,704	8.01	25.10	-401.05
	38,673	27,363 -3,859	1,988,342 95,950	8.1	37.45	18.40	57,300		9,727	9,297 3839	94,342 12,239	6.12	143.35	-554.65
	22,312	12,618 510	1,366,379 62,943	9.08	6.30	-2.20	57,600		719	504 79	8,415 345	0.00	413.65	-575.35
	18,310	3,158 111	864,704 23,475	9.8	4.10	-2.50	57,700		361	260 78	2,798 240	0.00	508.80	-578.60
	12,334	4,899 -28	395,282 7,670	11.19	2.10	-2.60	57,900		151	85 -10	597 49	0.00	695.20	-586.40
	48,616	1,473 1,077	1,110,646 23,892	12.02	1.70	-2.70	58,000		1,642	-132 34	3,831 79	0.00	812.70	-564.10
	12,842	3,968 -709	294,661 5,811	15.22	1.35	-1.85	58,300		25	8	35	60.74	1408.60	-523.25
	11,462	5,182 -272	251,156 3,998	16.1	1.20	-1.80	58,400		6	0	0	0.00	0.00	0.00
	41,114.5	13,087 -47	637,268 8,783	16.98	1.05	-1.70	58,500		303	0	188 5	19.89	1300.00	-578.90
	5,989	2,721 -122	98,701 1,470	20.13	1.00	-1.45	58,800		6	0	0	0.00	0.00	0.00
	3,564	1,107 -54	91,726 906	21.23	0.95	-1.45	58,900		18	7	22	63.05	1895.10	-255.90
	32,727	-4,159 -669	412,695 3,979	21.89	0.80	-1.45	59,000		249	-56	286 1	50.28	1820.00	-548.60
	3,567	1,077 -181	57,395 816	23.42	1.00	-1.20	59,100		14	-4	34	66.51	2087.50	-409.25
	1,954	-239 -107	40,876 528	26.65	0.95	-1.00	59,400		3	0	0	0.00	0.00	0.00
	15,015	-1,899 -54	223,132 2,796	27.18	0.90	-0.85	59,500		27	-3	37	79.00	2517.55	-393.80
	25,712	1,275 -114	267,893 2,776	32.55	0.95	-0.80	60,000		553	-124	316 2	0.00	2790.00	-594.45
	1,058	276 13	12,714 253	33.57	0.95	-0.75	60,100		6	0	0	0.00	0.00	0.00
	1,184	199 74	11,095 126	38.11	0.85	-0.60	60,600		4	0	0	0.00	0.00	0.00
	1,598	973 105	15,549 207	39.09	0.80	-1.00	60,700		0	0	0	0.00	0.00	0.00
	12,027	-2,920 -57	59,263 337	42.58	0.75	-0.55	61,000		95	-9	49	105.99	3997.25	-381.15
	187	-11 1	2,226 163	43	0.70	-1.00	61,100		0	0	0	0.00	0.00	0.00
	332	174 -16	3,298 222	47.5	1.00	-0.65	61,400		0	0	0	0.00	0.00	0.00
	5,678	977 39	33,017 511	47.15	0.90	-0.50	61,500		14	0	0	0.00	0.00	0.00
	370	196 -4	2,621 47	49.07	0.80	-0.65	61,700		0	0	0	0.00	0.00	0.00
	253	91 -10	2,071 60	48.98	0.90	-0.55	61,800		0	0	0	0.00	0.00	0.00
	22,513	-1,110 -87	113,312 1,735	62.57	0.80	-0.55	63,000		178	-186	437	141.01	5995.05	-367.25
	8,019	814 33	47,940 403	66.52	0.80	-0.40	63,500		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.