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.
	845	0	0	0	0.00	0.00	51,000		6,168	317	3,778 60	31.53	12.70	1.10
	537	0	0	0	0.00	0.00	51,500		1,916	-3	967 1	30.14	13.30	-0.35
	4,235	-2	7	0	8240.45	-159.55	52,000		5,239	23	1,586 1	28.86	14.90	-0.50
	2	0	0	0	0.00	0.00	52,500		1,485	131	888	27.76	16.90	-0.55
	512	-3	9	0	7240.00	-189.00	53,000		3,906	113	1,456	26.44	19.00	-0.80
	0	0	0	0	0.00	0.00	53,400		274	125	517 2	25.47	20.05	-0.25
	30	0	0	0	0.00	0.00	53,500		2,216	282 1	1,250 1	25.17	20.80	-0.85
	1	0	0	0	0.00	0.00	53,600		16	1	20	24.79	20.85	-1.60
	1	0	0	0	0.00	0.00	53,700		199	6	133	24.53	21.65	-1.75
	2	0	0	0	0.00	0.00	53,800		227	83	202	24.40	22.10	-1.75
	2	0	0	0	0.00	0.00	53,900		181	1	150	24.11	22.50	-0.95
	762	0	1	0	5093.15	-1246.35	54,000		10,846	-78	2,433 64	23.91	23.00	-1.75
	2	0	0	0	0.00	0.00	54,100		171	-5	88	23.65	24.30	-1.65
	2	0	0	0	0.00	0.00	54,200		277	-6 2	113 1	23.43	24.15	-1.50
	1	0	0	0	0.00	0.00	54,300		367	22	272	23.17	25.65	-1.05
	2	0	0	0	0.00	0.00	54,400		177	-5 -9	121 3	22.78	25.50	-2.95
	431	0	0	0	0.00	0.00	54,500		4,018	191 -3	1,217 1	22.59	26.45	-2.30
	2	0	0	0	0.00	0.00	54,600		304	-3	124	22.31	26.60	-2.20
	3	0	0	0	0.00	0.00	54,700		268	1	62	22.11	28.05	-2.05
	2	0	0	0	0.00	0.00	54,800		698	-182	382	21.76	28.05	-3.80
	2	0	0	0	0.00	0.00	54,900		334	39	71	21.66	30.05	-2.35
	3,520	2	13	0	5182.55	-202.95	55,000		12,330	101 -13	5,440 12	21.46	30.70	-3.15
	1	0	0	0	0.00	0.00	55,100		248	-71	264	21.13	31.35	-3.35
	2	0	0	0	0.00	0.00	55,200		472	-31 1	255 1	20.88	32.80	-3.50
	2	0	0	0	0.00	0.00	55,300		506	-262	606 5	20.68	34.05	-2.85
	2	0	0	0	0.00	0.00	55,400		532	-75 -71	487 2	20.42	34.95	-4.30
	255	0	1	0	4735.00	-157.45	55,500		5,407	-92 -1	2,451 18	20.20	35.75	-3.45
	5	0	0	0	0.00	0.00	55,600		464	-29 1	139 11	19.98	36.95	-4.95
	2	0	0	0	0.00	0.00	55,700		1,026	-7	91	19.82	38.00	-4.20
	8	0	0	0	0.00	0.00	55,800		701	-112 -4	747 21	19.47	38.60	-5.35
	2	0	0	0	0.00	0.00	55,900		937	-129	302	19.32	41.05	-4.05
	1,568	-7	143	0	4242.00	-161.35	56,000		11,937	495 3	5,063 27	19.06	42.45	-4.30
	2	0	0	0	0.00	0.00	56,100		552	12	186 5	18.79	44.30	-4.90
	2	0	0	0	0.00	0.00	56,200		780	-465	856	18.52	45.60	-5.20
	11	0	0	0	0.00	0.00	56,300		506	-17	192	18.24	48.20	-4.60
	7	0	0	0	0.00	0.00	56,400		715	-25 -1	205 3	18.12	50.15	-4.20
	571	0	16	0	3726.55	-194.45	56,500		7,006	-336 -2	4,842 23	17.91	51.95	-4.25
	60	0	0	0	0.00	0.00	56,600		608	6 1	374 8	17.73	54.10	-3.30
	5	0	0	0	0.00	0.00	56,700		1,114	2	489 3	17.54	56.20	-5.35
	79	0	0	0	0.00	0.00	56,800		940	124	454 5	17.24	60.20	-5.60
	35	0	0	0	0.00	0.00	56,900		740	48	311	17.06	64.00	-4.20
	3,066	-13	116	0	3280.35	-177.40	57,000		17,122	427 -6	8,836 12	16.94	66.90	-3.50
	89	0	0	0	0.00	0.00	57,100		833	-16	490	16.71	70.20	-3.00
	103	0	0	0	0.00	0.00	57,200		969	22	732 4	16.59	74.60	-3.65
	84	0	4	0	3033.80	1187.50	57,300		2,176	-22 -3	978 5	16.37	80.30	-2.90
	98	0	4	10.09	2916.35	-240.90	57,400		1,347	-302	1,201 17	16.20	83.40	-6.35
	1,021	-4	39	0	2818.00	-141.00	57,500		10,955	384 -7	6,956 6	16.04	88.25	-5.00
	64	0	0	9.72	0.00	0.00	57,600		996	33	1,265 15	15.89	94.75	-4.10
	181	-5	6	11.69	2667.15	11.75	57,700		1,329	74	1,430	15.69	101.15	-3.75
	219	0	22	0	2494.10	-276.15	57,800		1,918	39 1	1,057 6	15.54	107.95	-2.50
	376	0	4	0	2431.95	-168.05	57,900		1,796	105	1,312 10	15.40	114.75	-1.50
	6,977	-167 -1	657 1	0	2350.00	-157.90	58,000		27,041	123 7	17,938 59	15.23	122.95	-1.40
	593	1	9	9.85	2264.20	-173.30	58,100		2,196	429 2	1,475 4	15.09	133.00	0.30
	463	-1	12	10.42	2159.00	-174.45	58,200		2,701	-42 1	1,478 17	14.95	140.35	-2.45
	598	-74	118	7.62	2070.95	-149.90	58,300		2,418	-3 -2	2,432 1	14.80	153.35	1.90
	753	-78	105	8.21	1958.70	-195.00	58,400		2,182	160 2	1,865 5	14.72	163.90	1.85
	6,989	8	288	9.76	1902.25	-168.55	58,500		19,470	-567	13,755 95	14.57	174.55	1.55
	1,319	-100	168	11.09	1824.70	-160.25	58,600		3,849	-88	3,442 8	14.47	188.70	1.95
	1,481	23	172	10.7	1741.15	-149.40	58,700		3,757	88	2,699 46	14.36	202.85	3.50
	1,056	-9	111	10.01	1642.05	-166.50	58,800		3,094	48 -4	3,400 15	14.23	220.45	5.60
	1,185	-36 2	179 4	9.97	1577.00	-141.05	58,900		2,006	-39	2,667 5	14.11	236.85	7.80
	11,882	279 -10	2,317 19	9.91	1500.00	-144.00	59,000		26,004	-115	29,222 155	14.04	254.85	5.75
	1,569	0	48	10.16	1409.80	-157.05	59,100		1,809	25 -9	3,566 8	13.92	276.40	8.60
	1,728	-7	96	10.75	1321.00	-165.25	59,200		2,555	-30 6	5,021 22	13.78	297.45	11.25
	995	16 1	143 1	10.6	1262.00	-143.55	59,300		2,091	279	4,528 71	13.78	322.50	15.25
	2,090	-119	749	10.35	1173.35	-150.20	59,400		2,817	110 15	5,649 18	13.68	346.65	17.80
	8,132	373	3,697 10	10.23	1115.85	-141.60	59,500		13,876	300	20,840 175	13.62	372.55	17.70
	2,089	126	936	10.25	1037.10	-142.40	59,600		3,449	52 1	7,239 60	13.56	401.85	19.30
	2,277	56	1,189	10.45	972.15	-141.05	59,700		3,468	426	8,754 36	13.50	433.90	23.55
	2,963	46	2,736 19	10.37	918.00	-124.90	59,800		4,809	295	11,818 55	13.47	466.60	24.25
	3,129	294 1	4,705 44	10.44	855.00	-123.50	59,900		4,308	272 43	12,400 49	13.46	508.05	31.10
	54,075	2,209	51,058 367	10.48	793.00	-119.55	60,000		65,742	-364	78,822 352	13.42	541.85	30.90
	7,833	2,484	31,638 175	10.55	735.55	-115.95	60,100		8,967	983	41,068 255	13.41	583.50	33.90
	11,446	2,317	36,065 72	10.57	683.00	-114.05	60,200		8,981	276	47,103 226	13.43	629.05	36.75
	10,940	2,771	28,332 127	10.56	628.55	-112.75	60,300		7,918	426	36,826 74	13.39	678.05	46.75
	6,557	437	16,139 125	10.56	577.75	-104.90	60,400		4,322	-314	15,059 29	13.39	729.00	50.65
	21,421	3,151	38,072 142	10.6	531.30	-104.50	60,500		11,960	-769 -4	21,934 29	13.43	778.00	50.50
	4,101	504	9,011 69	10.61	488.00	-97.20	60,600		1,067	-144 7	2,981 13	13.38	832.40	56.10
	3,505	779	10,662 31	10.62	445.95	-93.90	60,700		1,504	137	1,970	13.51	900.00	69.25
	4,313	515	7,470 27	10.62	405.20	-90.85	60,800		865	19 -5	1,139 6	13.59	954.30	62.55
	2,748	646 13	7,315 14	10.62	369.50	-85.90	60,900		1,632	773	1,747 3	13.50	1016.10	68.25
	21,117	427	26,134 95	10.7	337.65	-81.25	61,000		5,979	-48 40	4,396 2	13.80	1085.15	75.55
	2,369	324	5,239 48	10.73	304.70	-79.35	61,100		478	37	137	13.44	1154.00	80.50
	2,707	781	5,987 36	10.76	276.45	-74.10	61,200		789	20 3	106 1	13.57	1224.85	80.45
	2,182	-162	5,002 7	10.8	248.35	-72.50	61,300		447	12	148	13.65	1316.30	108.05
	1,829	73 -1	4,559 12	10.84	227.65	-65.90	61,400		170	-4	47	14.36	1420.00	145.80
	12,030	-238	19,038 109	10.88	205.05	-60.65	61,500		1,326	74	608	14.19	1457.35	100.30
	1,745	166	3,728 29	10.95	184.10	-58.60	61,600		140	-2	13	14.08	1551.40	102.80
	3,208	898 -1	3,720 31	11	167.45	-53.45	61,700		87	-10	70	14.43	1641.60	131.45
	2,331	-282 -4	3,473 4	11.08	151.00	-49.30	61,800		124	6	21	14.73	1700.00	121.00
	2,030	-165 1	2,177 3	11.14	136.05	-45.10	61,900		43	2	4	13.42	1753.80	-120.85
	20,169	900 -5	21,582 45	11.22	123.20	-41.55	62,000		2,458	3	677 3	15.15	1857.00	107.50
	1,578	-29 2	3,898 5	11.3	111.55	-39.80	62,100		15	11	22	15.65	2001.20	108.15
	1,559	390 -1	2,444 10	11.4	100.70	-36.00	62,200		5	0	0	0.00	0.00	0.00
	1,285	348	2,554 23	11.47	90.95	-33.10	62,300		14	0	0	14.27	0.00	0.00
	1,422	42	2,339 46	11.6	83.70	-29.05	62,400		2	0	0	0.00	0.00	0.00
	11,685	197 4	8,755 38	11.69	75.55	-27.10	62,500		334	-2	25	16.32	2330.00	157.95
	1,476	73	1,804	11.85	68.40	-25.65	62,600		3	0	0	0.00	0.00	0.00
	1,316	244 1	1,895 20	11.94	63.05	-22.35	62,700		4	0	0	0.00	0.00	0.00
	1,215	196 6	2,240 82	12.05	57.95	-20.30	62,800		1	0	0	0.00	0.00	0.00
	1,290	261 -6	1,402 19	12.24	53.30	-18.35	62,900		2	0	0	0.00	0.00	0.00
	16,658	1,373 4	11,992 45	12.34	49.75	-16.15	63,000		2,823	-4	27	16.43	2779.10	153.75
	723	-46	930 4	12.54	44.70	-15.90	63,100		1	0	0	0.00	0.00	0.00
	1,220	0	1,389 32	12.67	41.90	-13.50	63,200		2	0	0	0.00	0.00	0.00
	1,452	7 -1	1,257 1	12.71	37.85	-13.25	63,300		3	0	0	0.00	0.00	0.00
	488	32 -4	398 3	12.92	36.15	-11.25	63,400		1	0	0	0.00	0.00	0.00
	6,327	182 2	4,422 5	13	33.20	-10.20	63,500		7	0	0	0.00	0.00	0.00
	412	42	480	13.22	31.00	-9.45	63,600		19	0	0	0.00	0.00	0.00
	532	63	153	13.4	28.45	-8.95	63,700		6	0	0	0.00	0.00	0.00
	426	22	339	13.51	26.75	-8.45	63,800		1	0	0	0.00	0.00	0.00
	1,403	-171	606 46	13.72	25.50	-7.00	63,900		1	0	0	0.00	0.00	0.00
	14,743	1,464	10,672 52	13.83	24.20	-6.60	64,000		1,027	17	22	19.00	3738.45	138.45
	558	45 1	291 3	13.98	23.30	-5.55	64,100		5	2	4	0.00	3713.00	-693.65
	264	0	302	14.25	21.40	-5.70	64,200		12	0	0	0.00	0.00	0.00
	448	5	312	14.41	20.65	-5.15	64,300		3	0	0	0.00	0.00	0.00
	221	33	324	14.57	19.55	-4.55	64,400		12	0	0	0.00	0.00	0.00
	5,140	671 -9	3,196 19	14.7	18.75	-3.75	64,500		22	0	0	0.00	0.00	0.00
	190	35	261	14.83	18.55	-3.05	64,600		3	0	0	0.00	0.00	0.00
	622	-17	301	15.07	17.25	-3.45	64,700		1	0	0	0.00	0.00	0.00
	308	-32	173	15.31	16.25	-3.55	64,800		1	0	0	0.00	0.00	0.00
	270	18	247 5	15.45	15.55	-3.10	64,900		2	0	0	0.00	0.00	0.00
	15,922	-101	8,621 87	15.66	15.90	-2.15	65,000		2,686	7	20	22.96	4688.40	126.50
	205	-2 -1	139 9	15.94	15.00	-2.00	65,100		2	0	0	0.00	0.00	0.00
	327	16	152	16.13	14.55	-2.40	65,200		2	0	0	0.00	0.00	0.00
	2,195	-8 5	1,097 7	16.67	13.50	-1.60	65,500		2	0	0	0.00	0.00	0.00
	4,997	74 1	2,064 7	17.64	11.85	-1.00	66,000		148	0	1	29.50	5800.00	330.00
	2,629	290	1,319 1	18.64	10.30	-0.50	66,500		32	0	0	0.00	0.00	0.00
	6,352	121 4	3,453 76	19.31	8.60	-0.10	67,000		1,050	0	0	31.32	0.00	0.00
	8,751	492	6,066 87	20.3	7.90	0.05	67,500		199	0	0	29.34	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.