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		3,593	-5	851 10	54.52	1.75	-0.50
	0	0	0	0	0.00	0.00	43,500		454	0	8	53.62	2.20	-0.50
	130	0	0	0	0.00	0.00	44,000		763	-30	151	52.51	2.60	-0.35
	4	0	0	0	0.00	0.00	44,500		266	-49	135 2	50.70	2.75	-0.15
	735	0	0	0	0.00	0.00	45,000		5,554	-78	237	49.35	3.15	-0.05
	0	0	0	0	0.00	0.00	45,300		149	0	0	47.68	0.00	0.00
	0	0	0	0	0.00	0.00	45,400		114	0	0	48.32	0.00	0.00
	1	0	0	0	0.00	0.00	45,500		428	0	0	47.16	0.00	0.00
	0	0	0	0	0.00	0.00	45,600		215	0	0	46.63	0.00	0.00
	0	0	0	0	0.00	0.00	45,700		162	18	91	47.18	3.60	-0.75
	0	0	0	0	0.00	0.00	45,800		128	30	105	46.46	3.35	-4.20
	0	0	0	0	0.00	0.00	45,900		223	0	0	45.03	0.00	0.00
	1	0	0	0	0.00	0.00	46,000		3,744	-11	108	45.67	3.50	-0.10
	0	0	0	0	0.00	0.00	46,100		71	-7	20	46.13	4.05	0.70
	0	0	0	0	0.00	0.00	46,200		93	0	0	45.85	0.00	0.00
	0	0	0	0	0.00	0.00	46,300		86	0	0	43.38	0.00	0.00
	0	0	0	0	0.00	0.00	46,400		64	0	0	44.37	0.00	0.00
	0	0	0	0	0.00	0.00	46,500		802	-6	15	45.12	4.60	0.25
	0	0	0	0	0.00	0.00	46,600		59	0	0	44.67	0.00	0.00
	0	0	0	0	0.00	0.00	46,700		46	0	0	42.41	0.00	0.00
	0	0	0	0	0.00	0.00	46,800		112	31	32	45.04	5.85	-0.05
	0	0	0	0	0.00	0.00	46,900		19	0	0	42.81	0.00	0.00
	44	0	0	0	0.00	0.00	47,000		2,824	-11	315 12	42.73	4.30	0.15
	0	0	0	0	0.00	0.00	47,100		33	0	0	42.65	0.00	0.00
	0	0	0	0	0.00	0.00	47,200		217	0	0	42.03	0.00	0.00
	1	0	0	0	0.00	0.00	47,300		129	0	1	41.89	4.55	0.00
	0	0	0	0	0.00	0.00	47,400		158	0	0	41.14	0.00	0.00
	0	0	0	0	0.00	0.00	47,500		957	6 -1	398 2	41.84	5.35	0.00
	0	0	0	0	0.00	0.00	47,600		65	6	13	41.80	5.85	0.85
	0	0	0	0	0.00	0.00	47,700		39	0	0	38.42	0.00	0.00
	0	0	0	0	0.00	0.00	47,800		114	-9 -1	101 1	40.40	5.35	0.50
	0	0	0	0	0.00	0.00	47,900		151	0	23	40.00	5.10	0.15
	415	0	1	0	9763.30	213.30	48,000		7,062	19	1,665 1	40.31	5.85	0.10
	0	0	0	0	0.00	0.00	48,100		218	0	29	39.25	5.15	0.20
	0	0	0	0	0.00	0.00	48,200		147	0	71	39.36	5.80	0.15
	0	0	0	0	0.00	0.00	48,300		91	4	6	38.81	5.60	0.00
	0	0	0	0	0.00	0.00	48,400		118	5	42	38.63	5.90	0.25
	0	0	0	0	0.00	0.00	48,500		2,228	-4	312	38.90	6.90	0.60
	0	0	0	0	0.00	0.00	48,600		235	0	45	37.12	4.95	-1.05
	0	0	0	0	0.00	0.00	48,700		164	-2	34	37.15	5.50	-0.05
	0	0	0	0	0.00	0.00	48,800		262	0	0	35.94	0.00	0.00
	0	0	0	0	0.00	0.00	48,900		227	7	80	36.88	6.25	0.45
	687	-30	32	0	8780.00	468.20	49,000		8,357	-332 14	1,580 23	36.95	7.00	0.20
	0	0	0	0	0.00	0.00	49,100		139	-22	77	36.30	6.60	0.15
	0	0	0	0	0.00	0.00	49,200		227	0	70	35.46	5.90	-0.45
	0	0	0	0	0.00	0.00	49,300		196	0	43	36.14	7.70	1.05
	0	0	0	0	0.00	0.00	49,400		320	-10	32	35.14	6.65	-0.25
	98	0	1	48.8	8500.00	3439.25	49,500		4,508	-186	809 5	35.11	7.50	0.05
	0	0	0	0	0.00	0.00	49,600		303	-4	220 8	34.37	7.55	0.40
	0	0	0	0	0.00	0.00	49,700		261	2	218	34.17	7.40	0.50
	0	0	0	0	0.00	0.00	49,800		617	-13	358	33.72	7.10	0.20
	0	0	0	0	0.00	0.00	49,900		279	-18	228	33.18	6.70	-0.80
	2,104	-4	7	0	7781.00	184.45	50,000		18,044	-1,970 -81	7,002 56	33.45	8.45	0.00
	1	0	0	0	0.00	0.00	50,100		720	11	196	32.99	7.85	-0.05
	7	0	0	34.26	0.00	0.00	50,200		241	7	175 1	32.66	8.30	0.00
	0	0	0	0	0.00	0.00	50,300		316	-3	263	32.04	7.55	-2.15
	8	0	0	0	0.00	0.00	50,400		344	18 18	286 28	31.74	8.25	-0.10
	24	0	0	0	0.00	0.00	50,500		6,149	-138 4	1,336 11	31.87	9.15	-0.60
	3	0	0	23.61	0.00	0.00	50,600		142	20	138	31.22	8.35	-1.75
	0	0	0	0	0.00	0.00	50,700		330	-41	87 22	30.95	9.30	-0.60
	1	0	0	19.34	0.00	0.00	50,800		357	-14	38	30.65	8.90	-0.70
	6	0	0	7.46	0.00	0.00	50,900		296	-6	107	30.47	9.45	-1.00
	836	42	80	0	6845.10	246.30	51,000		14,232	-1,293 -2	6,880 72	29.99	9.60	-0.90
	2	0	0	20.78	0.00	0.00	51,100		403	-10	44	29.72	9.60	-2.20
	9	0	0	0	0.00	0.00	51,200		596	-5 -2	93 2	29.14	9.40	-1.55
	27	0	1	0	6507.00	207.00	51,300		454	-15	379	28.83	9.65	-2.55
	19	0	0	0	0.00	0.00	51,400		312	-13	163	28.46	9.50	-2.35
	222	0	0	0	0.00	0.00	51,500		6,336	373 -23	4,235 111	28.33	10.50	-2.00
	42	0	0	0	0.00	0.00	51,600		237	3 -1	85 8	27.83	10.10	-3.35
	49	0	0	0	0.00	0.00	51,700		630	10 -6	1,455 5	27.51	10.45	-2.40
	29	0	0	23.03	0.00	0.00	51,800		367	-110	578	27.27	10.75	-3.30
	12	0	0	0	0.00	0.00	51,900		629	-94	334	27.17	11.70	-3.00
	1,634	-8	32	0	5682.45	87.00	52,000		20,030	-3,057 -370	13,874 695	26.53	11.25	-3.80
	22	0	0	0	0.00	0.00	52,100		726	178 -13	12,112 59	26.32	12.05	-3.95
	44	0	0	27.1	0.00	0.00	52,200		551	-174 4	899 19	26.03	12.25	-3.90
	52	0	0	0	0.00	0.00	52,300		788	-113 -17	783 1	25.76	14.40	-3.05
	34	0	0	16.28	0.00	0.00	52,400		705	90 -9	266 13	25.24	13.35	-4.65
	568	0	1	0	5220.00	126.60	52,500		13,966	-1,281 -2	10,938 46	25.06	13.30	-5.35
	62	0	0	0	0.00	0.00	52,600		809	-84	895 13	24.80	13.90	-6.00
	89	0	0	0	0.00	0.00	52,700		659	-11	286 2	24.53	14.75	-6.30
	99	0	0	0	0.00	0.00	52,800		957	12	526 3	24.30	15.05	-6.65
	175	0	0	0	0.00	0.00	52,900		941	-24 -4	1,155 16	23.97	15.75	-7.15
	3,796	-21	51	0	4784.00	183.40	53,000		23,514	-939 -40	14,632 219	23.58	16.20	-7.65
	344	0	0	0	0.00	0.00	53,100		1,329	-10 -2	751 2	23.44	17.10	-8.25
	431	-2	6	0	4673.95	322.50	53,200		2,015	-87	871 8	23.26	18.20	-8.95
	613	0	3	0	4487.15	247.15	53,300		1,548	42	459 15	22.84	18.50	-9.50
	485	0	3 2	0	4352.55	184.15	53,400		1,781	3	668 3	22.64	19.50	-10.05
	10,690	-44	94 1	0	4198.70	97.55	53,500		20,700	-3,135 37	15,712 386	22.27	20.15	-10.85
	1,551	-2	7	0	4239.00	254.90	53,600		2,460	5 -1	343 17	21.99	21.60	-11.05
	521	0	8	0	4150.00	299.00	53,700		1,960	-340 -26	912 37	21.60	22.45	-11.95
	831	-7	15 1	0	3894.45	77.30	53,800		2,867	-19 11	1,932 43	21.41	23.70	-12.70
	858	-3	5	0	3915.00	241.90	53,900		2,094	277 14	1,472 52	21.18	24.80	-13.70
	29,768	-140	271 5	0	3706.55	101.45	54,000		47,379	-119 3	21,902 382	20.92	26.00	-14.95
	1,412	-4	14	0	3740.00	217.00	54,100		2,660	85 -2	1,325 32	20.62	27.40	-15.90
	1,885	-7	27	0	3651.75	238.50	54,200		4,312	351 -26	5,723 51	20.40	29.40	-16.40
	2,135	-74	92	0	3478.35	142.30	54,300		3,618	-127 -3	1,567 25	20.19	31.05	-17.70
	3,798	-67 -19	83 1	0	3330.75	94.75	54,400		3,172	-44 -6	1,075 20	19.86	34.00	-17.90
	12,967	-188	388 2	0	3218.65	85.60	54,500		19,901	969 -66	15,239 230	19.68	35.15	-19.80
	2,659	-239	387 90	0	3120.00	68.35	54,600		3,143	-113 -15	1,935 52	19.50	38.35	-20.25
	1,483	-48	97	0	3000.00	61.35	54,700		3,324	44 6	1,588 29	19.32	40.70	-22.05
	1,522	-73	82	0	3000.00	143.30	54,800		4,534	117 -10	2,886 41	19.08	44.05	-23.95
	1,379	-19	22	0	2950.00	180.00	54,900		3,176	233 1	2,009 46	18.89	46.95	-25.30
	18,931	-285 -7	1,805 10	0	2716.60	61.05	55,000		32,708	1,091 -292	26,791 1,416	18.66	50.35	-27.35
	1,448	-23	52	0	2625.80	61.10	55,100		2,819	-232 -28	1,598 59	18.46	55.25	-28.00
	2,299	-107	124	0	2540.00	59.95	55,200		3,333	-552 -18	2,011 43	18.24	59.90	-29.35
	4,327	-11	250 4	0	2455.50	67.55	55,300		4,652	-82 -25	2,147 131	18.13	66.45	-30.10
	1,618	-6 -2	10 1	0	2354.35	56.60	55,400		2,552	-222 -6	1,416 51	17.77	71.70	-32.75
	17,918	-563 -24	821 74	0	2256.55	68.15	55,500		21,740	167 28	13,167 430	17.79	76.55	-35.90
	1,334	4	14	0	2181.10	75.85	55,600		2,170	227 -14	2,050 84	17.68	83.65	-39.10
	1,204	-9 -1	46 4	0	2100.10	78.55	55,700		1,974	196 -18	2,590 37	17.52	92.30	-39.70
	1,647	-218 -73	445 101	0	1975.00	40.30	55,800		2,851	236 -27	2,576 101	17.42	101.25	-42.25
	1,683	-7	45	0	2012.85	172.15	55,900		3,831	626 -17	3,306 176	17.29	111.55	-44.35
	21,488	-2,239 -300	5,167 418	0	1813.65	58.70	56,000		28,869	1,502 -100	25,359 774	17.17	121.60	-46.90
	1,348	-8	109	0	1718.60	53.80	56,100		1,768	-33 -19	2,065 55	17.06	133.95	-49.20
	1,735	-37 -11	162 20	0	1630.00	34.10	56,200		2,448	5 -8	2,991 73	16.98	145.60	-54.45
	1,231	-24	163	8.3	1660.70	157.70	56,300		2,079	199 -5	2,965 100	16.88	160.80	-57.80
	1,737	1 -6	90 10	0	1478.20	53.00	56,400		2,511	-1 -23	2,486 111	16.78	178.00	-58.90
	7,457	-125 -2	1,259 56	0	1375.15	32.65	56,500		14,697	-1,749 11	19,062 380	16.75	195.10	-62.10
	1,120	-20 -1	143 7	0	1312.45	49.85	56,600		2,115	46 -10	1,909 63	16.58	215.15	-65.40
	3,626	-32 2	180 5	0	1243.25	48.10	56,700		4,373	-114 -28	4,790 67	16.62	238.55	-66.95
	2,325	-76	351 14	6.94	1159.00	40.25	56,800		4,483	235 15	4,119 114	16.57	260.35	-70.35
	1,568	-46	482 4	7.77	1092.20	43.85	56,900		3,756	367 -33	4,026 146	16.55	285.95	-74.10
	20,507	-1,687 -12	14,203 341	8.33	1013.50	33.95	57,000		28,250	3,172 -51	31,558 798	16.52	312.30	-79.10
	2,032	-200 -2	1,296 32	9.06	935.00	22.20	57,100		3,499	778 -68	6,317 176	16.53	342.25	-81.80
	4,034	-910 5	5,939 109	9.44	876.20	28.40	57,200		5,782	-235 -65	8,625 227	16.50	376.05	-83.05
	6,041	-1,496 -6	6,701 235	9.77	809.45	21.40	57,300		6,111	-244 19	8,268 302	16.58	410.80	-87.60
	6,054	-1,340 -6	6,465 104	10.02	749.10	18.30	57,400		5,979	184 -29	8,401 234	16.54	446.55	-93.35
	24,095	-739 100	45,319 1,110	10.24	689.95	15.45	57,500		21,871	2,485 117	35,161 1,395	16.64	490.10	-93.05
	12,074	44 8	22,686 646	10.46	635.00	11.90	57,600		8,850	1,184 -66	16,992 576	16.66	531.75	-96.60
	8,706	3,993 98	32,716 1,311	10.65	582.40	11.45	57,700		5,639	3,516 -89	24,151 1,026	16.72	578.05	-101.60
	10,703	5,696 54	38,492 1,266	10.75	530.05	6.05	57,800		6,284	4,701 -326	30,902 1,351	16.85	627.80	-102.35
	5,692	3,264 18	18,134 502	10.85	483.35	5.55	57,900		2,919	1,868 -177	14,569 457	16.94	679.25	-106.15
	35,354	5,310 137	64,246 2,191	11.01	438.95	2.00	58,000		13,698	2,404 -107	22,121 853	16.99	735.00	-109.75
	3,382	999 1	6,351 239	11.13	396.65	0.30	58,100		870	240 -19	1,740 77	17.10	792.70	-110.75
	4,438	1,223 20	6,048 204	11.14	356.90	-4.00	58,200		623	363 -5	1,667 37	17.08	866.55	-94.00
	3,744	780 29	5,123 158	11.24	321.10	-4.45	58,300		578	71 -6	681 27	16.93	918.20	-103.25
	2,696	656 20	5,459 161	11.33	281.90	-12.20	58,400		173	83 2	498 98	17.16	990.15	-107.15
	14,011	978 38	21,531 550	11.38	256.90	-8.35	58,500		3,762	921 -2	3,206 108	17.78	1053.45	-115.75
	1,695	299 21	3,615 237	11.48	228.30	-9.90	58,600		27	3 -1	20 5	16.47	1127.55	-119.90
	1,840	388 -4	3,557 238	11.54	199.00	-12.55	58,700		41	8 1	21 1	16.69	1210.00	-116.15
	2,090	444 -15	3,345 98	11.59	179.05	-11.55	58,800		25	19 -2	36 6	17.47	1284.95	-142.55
	1,478	115 -19	3,382 195	11.66	157.00	-13.65	58,900		18	3	4	17.52	1300.85	-2393.30
	26,606	1,546 -95	25,013 905	11.68	138.85	-12.45	59,000		5,264	-87 -23	1,652 70	18.99	1440.20	-120.30
	1,784	99 -4	2,532 157	11.75	122.95	-12.10	59,100		0	0	0	0.00	0.00	0.00
	1,871	301 -14	2,868 140	11.78	107.30	-12.55	59,200		0	0	0	0.00	0.00	0.00
	2,039	312 -28	3,220 111	11.87	93.45	-12.85	59,300		16	-2	5	17.70	1600.00	-2390.00
	2,381	453 -78	3,111 224	12.02	83.20	-11.45	59,400		0	0	0	0.00	0.00	0.00
	13,493	59 7	12,015 374	12.03	72.55	-10.70	59,500		331	22	192	20.01	1869.00	-120.15
	1,296	50 25	1,090 79	12.12	62.55	-12.15	59,600		0	0	0	0.00	0.00	0.00
	3,298	1,303 -16	2,697 114	12.23	55.50	-10.45	59,700		0	0	0	0.00	0.00	0.00
	2,882	595 10	3,089 67	12.35	49.10	-9.55	59,800		31	0	0	0.00	0.00	0.00
	1,156	196 22	1,173 147	12.48	43.35	-9.00	59,900		0	0	0	0.00	0.00	0.00
	59,244	291 -195	26,071 559	12.61	38.15	-8.95	60,000		23,643	69	1,000 7	21.19	2340.00	-122.05
	788	146 -10	953 214	12.66	33.40	-8.20	60,100		0	0	0	0.00	0.00	0.00
	941	6 4	912 20	12.97	30.05	-7.30	60,200		3	1	2 1	0.00	2620.45	-2119.55
	915	258 2	1,038 42	12.95	26.35	-6.75	60,300		5	0	0	26.31	0.00	0.00
	755	-2 -4	412 6	13.08	23.50	-6.50	60,400		0	0	0	0.00	0.00	0.00
	8,655	-545 -7	8,084 116	13.19	20.70	-5.55	60,500		120	0	0	26.89	0.00	0.00
	603	89 -5	498 11	13.43	18.90	-5.10	60,600		0	0	0	0.00	0.00	0.00
	1,010	386 10	1,693 48	13.53	17.05	-4.90	60,700		0	0	0	0.00	0.00	0.00
	425	-97 9	1,178 62	13.77	15.70	-3.95	60,800		0	0	0	0.00	0.00	0.00
	373	-95 -19	987 36	13.91	14.30	-3.65	60,900		0	0	0	0.00	0.00	0.00
	14,885	2,587 -36	9,526 287	14.19	13.50	-3.10	61,000		1,552	15	30	22.30	3150.05	-260.75
	918	9 3	324 57	14.33	12.00	-2.85	61,100		0	0	0	0.00	0.00	0.00
	1,796	619 5	1,360 65	14.45	10.85	-2.80	61,200		0	0	0	0.00	0.00	0.00
	335	-25 21	221 42	14.7	10.40	-2.45	61,300		0	0	0	0.00	0.00	0.00
	279	83	307	15	9.85	-2.45	61,400		0	0	0	0.00	0.00	0.00
	5,626	92 -37	6,270 119	15.14	9.15	-2.30	61,500		171	0	1	29.70	3750.10	-143.80
	483	210	604	15.35	8.35	-1.85	61,600		0	0	0	0.00	0.00	0.00
	218	2	99	15.74	8.50	-1.10	61,700		0	0	0	0.00	0.00	0.00
	201	46	276 1	15.85	7.60	-1.00	61,800		0	0	0	0.00	0.00	0.00
	352	29	65	16.12	7.35	-0.80	61,900		0	0	0	0.00	0.00	0.00
	14,558	538 -47	3,700 155	16.28	6.90	-1.00	62,000		2,003	-25	34	28.69	4172.00	-223.40
	141	30 1	67 2	16.6	6.50	-0.50	62,100		0	0	0	0.00	0.00	0.00
	114	-3	34	16.85	6.45	-0.05	62,200		0	0	0	0.00	0.00	0.00
	357	-5	14	17.16	6.40	-0.15	62,300		0	0	0	0.00	0.00	0.00
	342	159 1	391	17.35	6.00	0.15	62,400		0	0	0	0.00	0.00	0.00
	2,102	-75 -3	711 89	17.58	5.80	-0.05	62,500		48	0	0	29.95	0.00	0.00
	191	72 3	185	17.89	5.70	1.00	62,600		0	0	0	0.00	0.00	0.00
	147	33	121 4	18.29	5.80	0.65	62,700		0	0	0	0.00	0.00	0.00
	146	-1	34	18.29	5.10	0.10	62,800		0	0	0	0.00	0.00	0.00
	151	28	94	18.85	4.80	0.25	62,900		0	0	0	0.00	0.00	0.00
	13,097	600 2	4,062 52	18.76	4.60	0.35	63,000		1,696	-1	3	32.56	5152.80	-239.50
	15	10 -5	43 6	19.05	4.60	0.10	63,100		0	0	0	0.00	0.00	0.00
	8	-5	6	18.95	3.90	0.90	63,200		0	0	0	0.00	0.00	0.00
	402	-2	88	19.47	3.55	-0.25	63,300		0	0	0	0.00	0.00	0.00
	1,649	10	816	19.59	3.45	0.20	63,500		4	0	0	0.00	0.00	0.00
	4,537	-68	1,068 29	20.77	2.95	0.40	64,000		1,090	-2	3	39.04	6180.00	-304.15
	851	-65 4	303 15	22.32	2.55	0.15	64,500		0	0	0	0.00	0.00	0.00
	3,828	-14	401	23.2	2.40	0.20	65,000		1,675	0	0	52.35	0.00	0.00
	2,033	94	146	26.04	2.60	0.20	66,000		676	0	1	46.15	8150.00	-300.00
	1,213	-6	194	30.04	2.60	0.50	67,500		159	0	0	52.71	0.00	0.00
	2,234	31	441 2	33.84	2.60	0.50	69,000		87	0	0	67.97	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.