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		3,614	16	1,453 5	54.93	1.75	-0.50
	0	0	0	0	0.00	0.00	43,500		454	0	173	54.66	2.50	-0.20
	130	0	0	0	0.00	0.00	44,000		664	-129	342	52.66	2.50	-0.45
	4	0	0	0	0.00	0.00	44,500		249	-66	309	50.87	2.60	-0.30
	735	0	0	0	0.00	0.00	45,000		5,167	-465	1,346 10	49.16	2.75	-0.45
	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		115	1	1	51.03	5.60	-0.25
	1	0	0	0	0.00	0.00	45,500		442	14	57	48.09	3.35	0.15
	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		153	9	128	47.63	3.60	-0.75
	0	0	0	0	0.00	0.00	45,800		127	29	137	47.10	3.50	-4.05
	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		3,754	-1	548	46.31	3.50	-0.10
	0	0	0	0	0.00	0.00	46,100		71	-7	23	46.81	4.25	0.90
	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		77	-9	9	46.63	4.85	-0.25
	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		787	-21	45	45.16	4.20	-0.15
	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		83	2	103	43.59	3.85	-2.05
	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		2,839	4 5	1,113 3	43.28	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	3	43.68	5.60	0.70
	1	0	0	0	0.00	0.00	47,300		129	0	16	42.35	4.55	0.00
	0	0	0	0	0.00	0.00	47,400		158	0	1	43.00	5.75	0.95
	0	0	0	0	0.00	0.00	47,500		970	19	576	42.47	5.60	0.25
	0	0	0	0	0.00	0.00	47,600		59	0	21	41.48	4.90	-0.10
	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		117	-6	115	40.69	4.90	0.05
	0	0	0	0	0.00	0.00	47,900		151	0	26	41.21	6.05	1.10
	415	0	6	0	9860.00	310.00	48,000		6,212	-831 -1	4,833 8	40.59	5.75	0.00
	0	0	0	0	0.00	0.00	48,100		218	0	46	39.88	5.35	0.40
	0	0	0	0	0.00	0.00	48,200		147	0	79	40.05	6.10	0.45
	0	0	0	0	0.00	0.00	48,300		93	6	8	39.61	6.05	0.45
	0	0	0	0	0.00	0.00	48,400		112	-1	68 2	38.65	5.70	0.05
	0	0	0	0	0.00	0.00	48,500		2,047	-185 -14	1,155 30	39.12	6.55	0.25
	0	0	0	0	0.00	0.00	48,600		234	-1	88	38.55	6.25	0.25
	0	0	0	0	0.00	0.00	48,700		163	-3	45	38.22	6.35	0.80
	0	0	0	0	0.00	0.00	48,800		261	-1	29	37.44	5.80	0.00
	0	0	0	0	0.00	0.00	48,900		238	18	90	37.19	6.00	0.20
	686	-31	35	0	8803.00	491.20	49,000		9,042	353 24	4,645 54	37.43	7.15	0.35
	0	0	0	0	0.00	0.00	49,100		139	-22	87	36.69	6.45	0.00
	0	0	0	0	0.00	0.00	49,200		227	0	74	36.16	6.25	-0.10
	0	0	0	0	0.00	0.00	49,300		196	0	135	36.05	6.70	0.05
	0	0	0	0	0.00	0.00	49,400		320	-10	38	35.50	6.45	-0.45
	98	0	1	0	8500.00	3439.25	49,500		4,353	-341 -61	1,522 73	35.52	7.30	-0.15
	0	0	0	0	0.00	0.00	49,600		303	-4	279	35.03	7.00	-0.15
	0	0	0	0	0.00	0.00	49,700		262	3	264	34.66	7.05	0.15
	0	0	0	0	0.00	0.00	49,800		614	-16	406	34.09	6.75	-0.15
	0	0	0	0	0.00	0.00	49,900		279	-18	228	33.66	6.70	-0.80
	2,095	-13	16	0	7859.35	262.80	50,000		17,576	-2,438 -2	11,334 36	33.79	7.85	-0.60
	1	0	0	0	0.00	0.00	50,100		722	13	208	34.31	9.60	1.70
	7	0	0	34.26	0.00	0.00	50,200		232	-2	196 2	32.96	7.60	-0.70
	0	0	0	0	0.00	0.00	50,300		314	-5	357	32.46	7.40	-2.30
	8	0	0	0	0.00	0.00	50,400		319	-7	388	32.33	7.95	-0.40
	24	0	1	0	7000.00	1718.60	50,500		5,970	-317 -64	4,379 77	32.33	8.90	-0.85
	3	0	0	23.61	0.00	0.00	50,600		122	0	143	31.99	8.95	-1.15
	0	0	0	0	0.00	0.00	50,700		331	-40	101 1	31.67	9.15	-0.75
	1	0	0	19.34	0.00	0.00	50,800		353	-18	83	31.05	8.65	-0.95
	6	0	0	7.46	0.00	0.00	50,900		293	-9	118	30.71	8.80	-1.65
	836	42	90	0	6885.00	286.20	51,000		13,988	-1,537 -84	13,293 126	30.45	9.35	-1.15
	2	0	0	20.78	0.00	0.00	51,100		390	-23	77	29.78	8.50	-3.30
	9	0	0	0	0.00	0.00	51,200		589	-12	214	29.96	9.95	-1.00
	27	0	1	0	6507.00	207.00	51,300		469	0	400	29.30	9.30	-2.90
	19	0	0	0	0.00	0.00	51,400		332	7	191	29.16	10.00	-1.85
	222	0	1	0	6350.00	270.00	51,500		5,478	-485 -4	9,428 6	28.81	10.40	-2.10
	42	0	0	0	0.00	0.00	51,600		237	3	152	28.40	10.15	-3.30
	49	0	0	0	0.00	0.00	51,700		579	-41 -2	1,780 4	28.21	10.75	-2.10
	29	0	0	23.03	0.00	0.00	51,800		348	-129	661 13	27.96	11.25	-2.80
	12	0	0	0	0.00	0.00	51,900		616	-107	358	27.42	10.85	-3.85
	1,625	-17	73	0	5881.55	286.10	52,000		16,721	-6,366 -1	25,907 108	27.17	11.45	-3.60
	22	0	0	0	0.00	0.00	52,100		687	139 9	12,480 13	26.92	11.85	-4.15
	44	0	0	27.1	0.00	0.00	52,200		1,084	359 592	3,717 694	26.71	12.60	-3.55
	52	0	0	0	0.00	0.00	52,300		641	-260	1,104	26.13	12.00	-5.45
	34	0	0	16.28	0.00	0.00	52,400		744	129 37	535 96	26.00	13.00	-5.00
	569	1	15	0	5380.00	286.60	52,500		11,850	-3,397 10	17,334 285	25.59	13.20	-5.45
	62	0	0	0	0.00	0.00	52,600		726	-167 -8	1,274 21	25.47	14.15	-5.75
	89	0	0	0	0.00	0.00	52,700		646	-24	417	24.97	13.85	-7.20
	99	0	0	0	0.00	0.00	52,800		928	-17 -20	859 26	24.79	14.80	-6.90
	175	0	0	0	0.00	0.00	52,900		970	5 -2	1,531 9	24.48	15.50	-7.40
	3,780	-37	91	0	4900.00	299.40	53,000		23,322	-1,131 -37	25,127 213	24.16	15.85	-8.00
	344	0	0	0	0.00	0.00	53,100		1,319	-20	1,027	23.82	16.15	-9.20
	430	-3	7	0	4578.30	226.85	53,200		2,005	-97 -1	1,408 18	23.63	17.30	-9.85
	609	-4	29	0	4590.75	350.75	53,300		1,545	39 3	789 32	23.32	17.85	-10.15
	483	-2	5	0	4326.70	158.30	53,400		1,724	-54	923 2	22.96	18.75	-10.80
	10,674	-60 -1	202 1	0	4400.00	298.85	53,500		21,461	-2,374 1	24,742 117	22.73	19.25	-11.75
	1,549	-4	10	0	4298.00	313.90	53,600		2,412	-43 1	570 17	22.52	20.35	-12.30
	521	0	8	0	4150.00	299.00	53,700		1,773	-527	1,452 2	22.12	20.85	-13.55
	824	-14	26	0	4092.35	275.20	53,800		2,773	-113 8	3,214 26	21.88	22.40	-14.00
	858	-3	8	0	4036.00	362.90	53,900		1,942	125 3	2,214 5	21.64	23.60	-14.90
	29,648	-260 -2	477 16	0	3920.00	314.90	54,000		47,634	136 28	33,423 126	21.35	24.60	-16.35
	1,401	-15	25	0	3780.00	257.00	54,100		2,933	358 1	2,343 17	21.05	25.80	-17.50
	1,875	-17	42	0	3720.00	306.75	54,200		4,734	773 2	8,100 7	20.78	27.00	-18.80
	2,077	-132	165	0	3551.50	215.45	54,300		3,640	-105 -1	2,428 26	20.50	28.40	-20.35
	3,813	-52	134	0	3479.15	243.15	54,400		3,320	104	2,232 1	20.16	30.00	-21.90
	12,927	-228	526	0	3422.90	289.85	54,500		19,878	946 -18	27,126 110	20.00	31.30	-23.65
	2,600	-298	486	0	3280.20	228.55	54,600		3,155	-101 2	3,631 4	19.71	33.55	-25.05
	1,463	-68	127	0	3238.00	299.35	54,700		3,446	166 -8	2,643 8	19.45	35.40	-27.35
	1,522	-73	105 1	0	3110.65	253.95	54,800		4,479	62 5	4,246 18	19.18	37.35	-30.65
	1,317	-81	109	0	3000.00	230.00	54,900		3,298	355 2	3,168 8	18.94	39.80	-32.45
	18,242	-974 -6	3,138 11	0	2940.00	284.45	55,000		31,937	320 34	50,325 259	18.72	42.55	-35.15
	1,442	-29	70	0	2787.15	222.45	55,100		2,885	-166 3	2,516 1	18.45	45.40	-37.85
	2,226	-180	224	0	2700.00	219.95	55,200		3,523	-362 -1	3,231 5	18.22	49.05	-40.20
	4,321	-17	260	0	2655.35	267.40	55,300		4,702	-32 13	2,945 3	18.02	52.85	-43.70
	1,617	-7	15	0	2496.00	198.25	55,400		2,816	42 -1	2,485 1	17.77	56.15	-48.30
	17,649	-832	1,205 3	0	2455.00	266.60	55,500		21,948	375 -2	21,967 12	17.58	61.05	-51.40
	1,330	0	29	0	2355.00	249.75	55,600		2,272	329 -1	2,962 14	17.39	65.75	-57.00
	1,171	-42	159	0	2288.20	266.65	55,700		2,058	280 7	3,636 10	17.18	71.25	-60.75
	995	-870	1,059	0	2123.25	188.55	55,800		2,928	313 141	5,427 163	17.01	78.25	-65.25
	1,671	-19	85 1	0	2081.35	240.65	55,900		3,926	721 1	5,240 21	16.85	85.05	-70.85
	18,995	-4,732 -17	9,421 24	0	1980.00	225.05	56,000		30,772	3,405 -5	47,187 111	16.69	92.15	-76.35
	1,343	-13	195	0	1908.20	243.40	56,100		1,777	-24 -12	4,161 35	16.52	102.25	-80.90
	1,678	-94 -1	263	0	1820.40	224.50	56,200		2,528	85 -7	4,629 12	16.34	110.00	-90.05
	1,146	-109	275	0	1725.00	222.00	56,300		2,299	419 2	5,300 53	16.22	122.85	-95.75
	1,517	-219 -3	381 1	0	1621.85	196.65	56,400		2,450	-62 9	4,490 8	16.09	134.50	-102.40
	7,119	-463 -5	2,452 9	0	1549.00	206.50	56,500		15,160	-1,286 4	31,124 91	15.94	145.00	-112.20
	1,091	-49	213	0	1478.75	216.15	56,600		1,916	-153 -5	3,734 46	15.84	160.05	-120.50
	3,602	-56 -1	318 2	0	1380.00	184.85	56,700		4,662	175 1	7,160 43	15.70	176.35	-129.15
	2,230	-171 -2	778 2	0	1292.00	173.25	56,800		4,738	490	7,382 42	15.62	193.25	-137.45
	1,501	-113	667	7.03	1214.00	165.65	56,900		3,900	511 -14	6,358 37	15.54	217.50	-142.55
	19,897	-2,297 -8	26,655 40	8.23	1141.15	161.60	57,000		30,316	5,238 1	59,451 271	15.45	234.75	-156.65
	1,911	-321	2,068 1	9.24	1066.00	153.20	57,100		3,650	929 6	10,562 56	15.39	258.25	-165.80
	3,361	-1,583 -2	8,605 14	9.23	977.85	130.05	57,200		6,373	356 60	14,627 108	15.33	283.60	-175.50
	5,478	-2,059 2	10,514 91	9.42	919.00	130.95	57,300		6,100	-255 -39	17,007 115	15.29	312.35	-186.05
	4,895	-2,499	12,687 15	9.77	850.05	119.25	57,400		5,065	-730 -2	16,491 74	15.24	342.35	-197.55
	21,144	-3,690 119	82,664 400	10.02	785.65	111.15	57,500		22,787	3,401 62	70,548 518	15.17	375.20	-207.95
	10,345	-1,685 -7	36,704 133	10.15	722.30	99.20	57,600		8,878	1,212 -4	29,204 67	15.16	412.00	-216.35
	7,856	3,143 -7	64,048 85	10.27	662.35	91.40	57,700		6,752	4,629 -8	47,013 139	15.25	451.00	-228.65
	12,543	7,536 -32	82,285 347	10.41	605.45	81.45	57,800		8,358	6,775 31	61,655 236	15.20	493.55	-236.60
	8,636	6,208 63	48,415 429	10.58	548.95	71.15	57,900		5,527	4,476 39	38,510 393	15.26	539.70	-245.70
	34,556	4,512 -19	127,332 723	10.62	497.55	60.60	58,000		17,248	5,954 41	53,693 390	15.25	586.25	-258.50
	3,577	1,194 -5	13,622 79	10.64	446.30	49.95	58,100		1,101	471 -5	4,244 69	15.43	640.90	-262.55
	4,435	1,220 -13	12,838 100	10.78	405.00	44.10	58,200		884	624 2	3,095 25	15.44	693.20	-267.35
	4,041	1,077 11	9,162 76	10.8	363.85	38.30	58,300		735	228 1	1,364 3	15.54	760.10	-261.35
	3,587	1,547 -5	10,072 35	10.9	325.60	31.50	58,400		374	284 3	1,096 4	15.52	817.60	-279.70
	15,909	2,876 12	37,157 259	10.96	289.85	24.60	58,500		4,343	1,502 4	6,725 63	15.95	878.35	-290.85
	1,800	404 -12	7,414 79	10.98	253.40	15.20	58,600		106	82 3	301 6	16.00	950.00	-297.45
	1,930	478 8	6,404 24	11.07	227.00	15.45	58,700		63	30 -1	84 2	15.71	1025.00	-301.15
	2,312	666 25	6,988 49	11.1	198.05	7.45	58,800		42	36	94	16.31	1090.00	-337.50
	1,774	411 4	6,349 16	11.19	174.85	4.20	58,900		21	6	41	16.68	1171.20	-2522.95
	26,659	1,599 27	43,912 287	11.23	154.90	3.60	59,000		5,804	453 3	4,248 19	16.95	1245.00	-315.50
	1,954	269 -5	3,923 17	11.26	134.05	-1.00	59,100		0	0	0	0.00	0.00	0.00
	1,994	424 4	4,192 24	11.34	118.95	-0.90	59,200		0	0	0	0.00	0.00	0.00
	2,207	480 9	5,575 24	11.43	102.15	-4.15	59,300		13	-5	11	17.92	1500.00	-2490.00
	2,518	590	4,949 8	11.46	88.35	-6.30	59,400		0	0	0	0.00	0.00	0.00
	12,702	-732 8	21,605 77	11.56	78.80	-4.45	59,500		391	82 3	344 1	18.14	1658.00	-331.15
	1,333	87 -1	1,744 9	11.64	68.45	-6.25	59,600		0	0	0	0.00	0.00	0.00
	3,650	1,655	4,981 16	11.71	58.90	-7.05	59,700		0	0	0	0.00	0.00	0.00
	2,904	617 -4	4,546 14	11.8	51.50	-7.15	59,800		31	0	0	0.00	0.00	0.00
	1,060	100 1	1,999 7	11.99	45.65	-6.70	59,900		0	0	0	0.00	0.00	0.00
	61,512	2,559 14	48,080 300	12.15	40.65	-6.45	60,000		23,434	-140 -29	1,844 34	21.06	2150.00	-312.05
	635	-7 -1	1,572 14	12.2	35.95	-5.65	60,100		0	0	0	0.00	0.00	0.00
	907	-28 -9	1,894 9	12.34	31.50	-5.85	60,200		4	2	3	22.92	2358.40	-2381.60
	892	235 -1	1,734 18	12.48	27.85	-5.25	60,300		5	0	0	26.31	0.00	0.00
	709	-48 1	932 12	12.65	24.70	-5.30	60,400		0	0	0	0.00	0.00	0.00
	8,287	-913 -10	12,663 62	12.73	21.60	-4.65	60,500		121	1	32	22.73	2600.00	-381.60
	542	28 2	1,072 3	12.95	19.90	-4.10	60,600		0	0	0	0.00	0.00	0.00
	954	330	2,321 29	13.08	17.80	-4.15	60,700		0	0	0	0.00	0.00	0.00
	534	12 -2	1,849 3	13.29	16.50	-3.15	60,800		0	0	0	0.00	0.00	0.00
	365	-103 1	1,623 15	13.47	14.80	-3.15	60,900		0	0	0	0.00	0.00	0.00
	15,430	3,132 89	14,532 217	13.7	13.80	-2.80	61,000		1,547	10	65	27.28	3140.00	-270.80
	922	13	573	13.78	12.15	-2.70	61,100		0	0	0	0.00	0.00	0.00
	1,817	640 -2	2,113 23	13.99	11.20	-2.45	61,200		0	0	0	0.00	0.00	0.00
	303	-57 1	518 7	14.32	10.65	-2.20	61,300		0	0	0	0.00	0.00	0.00
	220	24 1	608 5	14.47	9.85	-2.45	61,400		0	0	0	0.00	0.00	0.00
	5,296	-238 -4	8,696 3	14.7	9.40	-2.05	61,500		171	0	1	34.34	3750.10	-143.80
	419	146	793	14.89	8.70	-1.50	61,600		0	0	0	0.00	0.00	0.00
	240	24	239	15.12	8.20	-1.40	61,700		0	0	0	0.00	0.00	0.00
	218	63 16	385 19	15.38	7.85	-0.75	61,800		0	0	0	0.00	0.00	0.00
	338	15	125 1	15.6	7.45	-0.70	61,900		0	0	0	0.00	0.00	0.00
	13,960	-60 -13	6,993 1	15.87	7.05	-0.85	62,000		1,913	-115	135	30.25	4075.00	-320.40
	140	29	154	16.1	6.80	-0.20	62,100		0	0	0	0.00	0.00	0.00
	109	-8	68 1	16.19	6.05	-0.45	62,200		0	0	0	0.00	0.00	0.00
	364	2 -7	101 48	16.56	6.30	-0.25	62,300		0	0	0	0.00	0.00	0.00
	361	178	660	16.89	6.15	0.30	62,400		0	0	0	0.00	0.00	0.00
	2,070	-107 -1	1,219 2	17.16	5.95	0.10	62,500		41	-7	9	33.16	4580.00	-597.90
	183	64	533	17.47	5.95	1.25	62,600		0	0	0	0.00	0.00	0.00
	134	20	234	17.7	5.70	0.55	62,700		0	0	0	0.00	0.00	0.00
	152	5	65	17.74	5.00	0.00	62,800		0	0	0	0.00	0.00	0.00
	143	20	189	17.95	4.75	0.20	62,900		0	0	0	0.00	0.00	0.00
	13,249	752 -1	5,488 7	18.26	4.75	0.50	63,000		1,691	-6	31	37.69	5120.00	-272.30
	16	11	48	18.46	4.50	0.00	63,100		0	0	0	0.00	0.00	0.00
	24	11	61	18.72	4.40	1.40	63,200		0	0	0	0.00	0.00	0.00
	400	-4	161	18.95	4.25	0.45	63,300		0	0	0	0.00	0.00	0.00
	1,623	-16	1,319	19.14	3.50	0.25	63,500		4	0	0	0.00	0.00	0.00
	4,511	-94 -3	1,906 36	20.03	2.75	0.20	64,000		1,061	-31	53	39.68	6059.25	-424.90
	858	-58	577	21.5	2.70	0.30	64,500		0	0	0	0.00	0.00	0.00
	3,829	-13	710	22.65	2.40	0.20	65,000		1,681	6	10	47.31	7110.00	-390.00
	2,200	261	528 1	25.44	2.45	0.05	66,000		676	0	1	54.24	8150.00	-300.00
	1,669	450	1,468 1	29.31	2.35	0.25	67,500		159	0	0	52.71	0.00	0.00
	2,125	-78 9	18,377 4,078	32.43	2.10	0.00	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.