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.
	824	1	19	0	8785.00	300.70	51,000		1,828	1,025 -45	9,287 55	26.56	20.00	-3.30
	577	0	0	31.75	0.00	0.00	51,500		2,276	-55 -18	4,055 29	25.48	22.40	-1.10
	4,246	50 1	157 1	0	7762.10	191.30	52,000		4,386	957 -27	7,212 60	24.59	25.00	-4.00
	2	0	0	0	0.00	0.00	52,500		1,158	213 7	4,353 28	23.56	27.10	-3.55
	507	-32	175	0	6882.10	319.40	53,000		3,896	1,076 -16	6,468 34	22.58	33.00	-2.65
	35	0	0	25.96	0.00	0.00	53,500		1,316	471	4,239 13	21.68	39.50	-1.75
	1	0	0	0	0.00	0.00	53,600		0	0	0	0.00	0.00	0.00
	1	0	0	0	0.00	0.00	53,700		0	0	0	0.00	0.00	0.00
	2	0	0	0	0.00	0.00	53,800		433	169	1,914 8	21.16	38.85	-8.05
	2	0	0	0	0.00	0.00	53,900		685	66	1,256 2	20.99	44.35	-8.90
	819	96	197	0	5817.65	132.35	54,000		7,432	1,629 12	12,103 82	20.78	46.95	-5.45
	2	0	0	0	0.00	0.00	54,100		168	72	460	20.61	47.45	-6.50
	2	0	0	0	0.00	0.00	54,200		181	39 -2	795 1	20.57	49.80	-5.75
	1	0	0	0	0.00	0.00	54,300		135	-9	330	20.21	48.75	-10.35
	2	0	0	0	0.00	0.00	54,400		178	45	630	20.08	50.90	-10.35
	438	-3	179	0	5325.15	145.00	54,500		2,326	238 4	7,351 22	19.86	52.10	-9.60
	2	0	0	0	0.00	0.00	54,600		135	-7	422 1	19.86	54.35	-10.90
	3	0	0	0	0.00	0.00	54,700		173	15	616	19.78	57.35	-11.25
	2	0	0	0	0.00	0.00	54,800		152	43	357	19.61	58.50	-13.35
	2	0	0	0	0.00	0.00	54,900		164	41	407	19.56	60.20	-13.50
	2,959	317	971	0	4860.00	209.60	55,000		7,603	583 168	17,920 209	19.11	66.00	-13.75
	1	0	0	0	0.00	0.00	55,100		188	8	622	19.15	66.85	-15.30
	2	0	0	0	0.00	0.00	55,200		164	-5	694	18.86	68.40	-15.70
	3	1	3	0	4300.00	226.20	55,300		351	252	844 1	18.97	75.55	-12.50
	2	0	0	0	0.00	0.00	55,400		151	25	660 2	18.82	77.15	-20.15
	264	-6	65	0	4360.00	130.40	55,500		2,667	572 66	8,617 127	18.40	78.10	-19.95
	5	0	0	0	0.00	0.00	55,600		230	79	1,418 5	18.26	85.35	-18.00
	2	0	0	0	0.00	0.00	55,700		2,464	2,359	5,818 10	18.19	87.10	-18.75
	5	0	0	0	0.00	0.00	55,800		206	120	698	18.05	90.40	-23.00
	3	0	0	0	0.00	0.00	55,900		296	182 -5	1,126 8	17.88	94.50	-24.75
	1,928	-58	301	0	3891.85	211.00	56,000		7,180	976 -120	17,658 145	17.72	100.65	-25.90
	4	0	0	0	0.00	0.00	56,100		346	182	1,681 3	17.67	105.10	-24.20
	2	0	0	0	0.00	0.00	56,200		343	134	1,594 10	17.49	109.65	-39.60
	12	0	0	0	0.00	0.00	56,300		199	83	680 10	17.43	112.20	-43.85
	7	0	0	0	0.00	0.00	56,400		369	50 1	2,104 14	17.22	125.00	-24.05
	568	-10	119	0	3435.45	202.10	56,500		9,709	995 31	15,857 72	17.12	132.25	-33.25
	6	0	0	19.42	0.00	0.00	56,600		280	104	1,414 8	16.98	136.20	-45.20
	5	0	0	0	0.00	0.00	56,700		293	144 4	1,543 6	16.92	145.00	-46.50
	32	2	19	21.35	3125.70	268.15	56,800		503	213 -7	1,525 15	16.82	152.80	-42.10
	7	0	0	0	0.00	0.00	56,900		425	76 -7	1,935 4	16.71	161.75	-61.60
	3,063	1 -1	387 2	12.25	2978.30	168.10	57,000		15,059	2,185 2	32,442 191	16.62	172.05	-50.05
	11	0	0	0	0.00	0.00	57,100		473	115	1,823 4	16.52	181.85	-56.30
	21	-9	15	9.4	2566.35	-177.70	57,200		795	250	2,460 2	16.42	193.25	-60.75
	10	1	2	12.99	2558.40	-1.60	57,300		753	167 -14	2,590 37	16.33	209.55	-57.70
	17	0	1	13.9	2636.65	253.65	57,400		1,304	461	3,885 41	16.27	218.00	-70.05
	966	-18	436	12.52	2548.80	166.25	57,500		8,960	1,229 -25	21,504 66	16.17	230.65	-67.90
	24	0	1	5.24	2144.30	-278.95	57,600		720	238	3,385 67	16.14	246.00	-73.50
	58	0	1	13.99	2383.95	239.10	57,700		1,074	479 42	3,814 56	16.02	261.25	-77.05
	50	7	29	12.79	2250.60	108.85	57,800		1,133	492 -1	4,472 30	15.99	275.15	-69.10
	20	0	0	17.4	0.00	0.00	57,900		1,277	738	4,042 19	15.87	295.10	-75.75
	2,798	-17 -15	2,532 15	13.23	2123.15	121.00	58,000		24,621	3,630 -17	46,129 318	15.80	315.95	-84.35
	94	3	29	13.05	1986.30	96.45	58,100		1,279	801 2	4,182 19	15.70	329.40	-92.55
	156	4	136	13.36	1972.70	108.35	58,200		1,463	559 -20	8,905 9	15.64	351.50	-87.30
	171	-4	78	12.76	1904.60	100.85	58,300		1,189	292 -4	6,106 36	15.58	373.90	-97.30
	231	-29	406	12.44	1814.80	111.15	58,400		1,449	506 -10	7,643 20	15.50	394.40	-103.20
	3,031	-42	4,714 21	13.43	1738.95	105.20	58,500		16,847	2,906 -174	34,978 134	15.46	415.00	-114.80
	358	-36	394	13.15	1696.75	119.15	58,600		1,943	469 -6	7,894 17	15.42	437.00	-122.65
	435	-79	773	12.88	1626.85	145.55	58,700		2,111	398 -10	7,362 18	15.34	468.65	-131.80
	569	-159	963 1	13.14	1542.00	114.40	58,800		2,418	359 -9	10,931 20	15.23	493.70	-136.95
	440	-182	964 3	13.02	1468.25	126.90	58,900		1,174	362 5	9,999 31	15.20	519.85	-144.00
	9,862	-371 -103	18,588 80	13.27	1375.90	82.15	59,000		20,009	5,274 -196	65,596 342	15.13	551.00	-146.10
	1,549	-932 -5	5,079 12	13.25	1326.90	86.65	59,100		1,610	437 -28	10,812 45	15.13	586.20	-142.60
	1,578	-396 -58	8,069 27	13.24	1242.75	51.75	59,200		2,374	716 -148	21,805 117	15.02	616.10	-148.35
	1,144	-422 -60	18,490 101	13.21	1180.05	27.70	59,300		1,996	771 -62	28,667 117	15.00	650.00	-130.50
	1,984	180 -81	28,675 69	13.18	1134.95	42.45	59,400		2,885	1,601 -38	43,448 193	14.95	683.10	-141.10
	10,880	3,739 -437	93,420 363	13.16	1056.00	32.80	59,500		13,026	5,074 -125	125,529 237	14.91	723.00	-162.00
	4,158	3,083 -76	54,920 263	13.11	1005.25	40.30	59,600		3,682	2,752 -103	64,852 234	14.88	768.00	-128.00
	3,860	1,677 -140	34,795 157	13.1	945.80	-6.95	59,700		3,136	2,295 -69	37,587 78	14.83	806.95	-137.95
	3,763	2,534 29	34,574 167	13.04	893.00	7.55	59,800		2,822	2,129 -87	27,525 148	14.83	850.25	-136.55
	2,773	1,745 -65	23,119 63	13.01	847.70	28.25	59,900		3,011	2,678 95	15,045 139	14.78	894.75	-141.55
	55,562	1,994 -517	103,251 489	12.98	791.00	31.60	60,000		48,101	3,103 95	40,994 216	14.80	955.95	-157.20
	2,847	1,995 -40	12,168 54	12.92	740.05	19.35	60,100		392	141 -4	1,445 14	15.00	984.70	-219.75
	2,366	983 -59	11,665 144	12.94	695.85	26.80	60,200		286	90	1,081 22	14.76	1045.20	-137.60
	1,379	684 -26	10,929 51	12.97	657.15	8.55	60,300		317	121	835 3	14.92	1109.40	-188.05
	1,206	401 -18	7,896 66	12.98	603.95	2.30	60,400		253	31 -3	455 4	15.65	1174.05	-174.55
	8,435	1,119 -44	38,294 173	12.89	568.75	3.25	60,500		3,011	339	3,262 8	14.86	1215.00	-190.00
	1,530	612 41	9,845 41	12.86	525.20	-10.55	60,600		49	2	58	15.51	1284.00	-241.85
	1,463	786 -64	12,508 43	12.91	494.10	-19.05	60,700		122	1	93	12.83	1347.75	-119.30
	1,166	447 -8	8,362 24	12.91	454.00	-13.05	60,800		309	16	94	15.49	1395.00	-131.40
	1,030	376 -18	6,842 19	12.88	428.05	-2.50	60,900		834	806	1,007	14.48	1475.40	-147.80
	14,241	1,248 -852	59,898 358	12.86	389.10	-8.70	61,000		3,991	333 10	2,729 5	14.94	1530.00	-205.60
	1,609	707 -17	14,030 27	12.89	354.00	-10.15	61,100		7	-3	14	12.58	1563.85	-181.05
	1,118	448 -16	6,569 32	12.85	335.35	-9.30	61,200		943	891	1,373 2	15.53	1699.10	-160.05
	1,158	228 2	6,238 25	12.87	304.85	-6.65	61,300		22	0	1	12.52	1872.55	-14.05
	601	271 -2	4,796 16	12.85	283.00	-15.75	61,400		6	0	8	11.96	1850.80	-148.05
	6,965	1,966 -23	29,550 91	12.92	261.25	-18.25	61,500		701	92	696 1	15.24	1892.95	-231.25
	558	230 -6	5,759 24	12.94	232.70	-29.55	61,600		3	0	0	21.62	0.00	0.00
	556	148 -4	6,469 6	12.94	221.00	-19.90	61,700		4	1	9	11.71	2085.45	-480.35
	681	471 -20	6,782 44	12.97	206.10	-3.90	61,800		17	0	0	23.01	0.00	0.00
	1,700	1,531 -7	7,722 49	12.98	185.55	-21.90	61,900		4	2	7	16.42	2456.00	-308.85
	15,420	3,390 48	38,137 264	13	173.55	-14.90	62,000		2,180	67	1,184 1	16.33	2328.70	-171.25
	461	10 8	3,352 8	13.05	155.65	-22.75	62,100		3	0	0	21.13	0.00	0.00
	477	58	2,178 16	13.1	141.60	-27.65	62,200		4	0	0	25.07	0.00	0.00
	746	294 -3	2,694 41	13.09	130.95	-24.45	62,300		1	0	0	21.34	0.00	0.00
	313	35 -6	2,587 19	13.19	122.75	-19.30	62,400		2	0	0	27.59	0.00	0.00
	5,584	1,417 -27	15,014 95	13.2	110.00	-17.40	62,500		31	1	19	17.83	2840.00	-556.80
	378	263 6	2,713 29	13.27	100.80	-20.40	62,600		3	0	0	18.57	0.00	0.00
	425	230 -70	3,030 209	13.33	90.90	-24.25	62,700		4	0	0	19.52	0.00	0.00
	1,204	985 -14	6,611 56	13.39	85.00	-16.00	62,800		1	0	0	22.18	0.00	0.00
	416	225	3,200 17	13.44	81.95	-13.80	62,900		2	0	0	23.74	0.00	0.00
	10,214	1,967 -97	31,070 90	13.52	71.60	-17.00	63,000		2,525	-33	126	18.65	3220.40	-138.30
	1,195	1,094	3,666 13	13.6	66.00	-18.45	63,100		1	0	0	23.60	0.00	0.00
	658	136 7	2,918 9	13.6	60.00	-18.45	63,200		2	0	0	20.34	0.00	0.00
	866	90 4	2,734 9	13.75	60.00	-9.60	63,300		3	0	0	24.15	0.00	0.00
	196	27 -3	2,054 8	13.8	56.10	-11.05	63,400		1	0	0	25.09	0.00	0.00
	2,503	1,182 -7	11,112 51	13.86	44.75	-16.95	63,500		7	0	3	13.17	3754.00	-623.45
	170	103	1,206 7	13.99	42.50	-16.60	63,600		4	0	0	25.65	0.00	0.00
	110	79 6	696 24	14.08	37.00	-19.40	63,700		6	0	0	25.96	0.00	0.00
	520	395	1,639 7	14.11	38.45	-16.20	63,800		1	0	0	22.31	0.00	0.00
	197	124	1,222 7	14.26	37.05	-12.60	63,900		1	0	0	22.16	0.00	0.00
	7,817	3,511 -1	21,217 90	14.29	35.00	-10.25	64,000		818	364	479	21.44	4140.00	-248.95
	139	3 -2	1,600 17	14.4	31.35	-14.35	64,100		3	0	0	15.89	0.00	0.00
	69	28	476	14.46	30.85	-12.15	64,200		3	0	0	15.33	0.00	0.00
	168	125	439 5	14.68	29.05	-12.15	64,300		3	0	0	15.48	0.00	0.00
	65	14	463 2	14.77	27.05	-11.15	64,400		3	0	0	0.00	0.00	0.00
	2,418	737 19	6,717 36	14.89	26.00	-10.25	64,500		25	0	0	22.34	0.00	0.00
	187	124	589 1	15.02	26.55	-6.50	64,600		3	0	0	15.78	0.00	0.00
	91	19	504 1	15.02	25.10	-7.00	64,700		1	0	0	29.53	0.00	0.00
	142	32	684	15.22	23.85	-7.85	64,800		1	0	0	29.86	0.00	0.00
	244	141 2	1,165 18	15.46	21.95	-8.25	64,900		2	0	0	0.00	0.00	0.00
	10,630	2,652 25	21,961 74	15.61	21.70	-9.45	65,000		2,073	-84	376	24.40	5100.00	-193.30
	212	197 -8	1,910 11	15.68	20.30	-1.70	65,100		2	0	0	0.00	0.00	0.00
	0	0	0	0	0.00	0.00	65,200		2	0	0	0.00	0.00	0.00
	751	90	2,597 10	16.34	19.40	-4.30	65,500		2	0	0	0.00	0.00	0.00
	2,102	219 -10	5,619 37	17.19	15.90	-4.15	66,000		137	53	58	25.80	6350.00	131.10
	1,275	732 5	3,046 41	18.09	15.00	-1.35	66,500		35	-1	3	0.00	6681.25	-105.05
	1,451	540 -7	6,800 29	18.89	12.55	-1.15	67,000		991	9	96	31.68	7070.00	-238.50
	2,836	1,789 58	10,389 130	19.73	10.65	-0.50	67,500		204	0	44	32.27	7831.75	98.85

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.