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.
	662	0	0	0	0.00	0.00	46,000		8,186	-91	246	36.86	2.65	-0.10
	4	0	0	0	0.00	0.00	46,500		174	16	107	36.13	3.45	0.00
	350	0	1	0	10955.00	169.95	47,000		818	15	50	35.10	4.20	-0.40
	4	0	0	0	0.00	0.00	47,500		473	12	261	33.78	4.40	-0.05
	185	40	46	0	10000.80	75.75	48,000		1,026	-3	60 1	32.58	4.95	-0.70
	0	0	0	0	0.00	0.00	48,500		135	0	0	31.78	0.00	0.00
	0	0	0	0	0.00	0.00	48,600		9	0	0	31.09	0.00	0.00
	0	0	0	0	0.00	0.00	48,700		20	0	0	31.19	0.00	0.00
	0	0	0	0	0.00	0.00	48,800		43	1	17	30.63	5.95	-0.90
	0	0	0	0	0.00	0.00	48,900		197	0	0	31.93	0.00	0.00
	23	0	0	0	0.00	0.00	49,000		1,861	21 2	87 1	30.12	6.20	-0.60
	0	0	0	0	0.00	0.00	49,100		20	0	1	30.03	5.25	-1.00
	0	0	0	0	0.00	0.00	49,200		11	0	0	29.27	0.00	0.00
	0	0	0	0	0.00	0.00	49,300		62	0	2	29.17	6.25	-0.85
	0	0	0	0	0.00	0.00	49,400		11	0	0	29.09	0.00	0.00
	62	0	0	0	0.00	0.00	49,500		270	16	18	28.55	6.25	-0.40
	0	0	0	0	0.00	0.00	49,600		39	0	3	28.33	6.50	-1.60
	0	0	0	0	0.00	0.00	49,700		7	0	0	28.51	0.00	0.00
	0	0	0	0	0.00	0.00	49,800		4	0	0	27.99	0.00	0.00
	0	0	0	0	0.00	0.00	49,900		7	-2	13	27.26	6.30	-0.60
	3,876	3	8	0	7940.10	-176.10	50,000		10,421	41	483 5	27.38	7.40	-0.45
	0	0	0	0	0.00	0.00	50,100		11	0	0	27.27	0.00	0.00
	0	0	0	0	0.00	0.00	50,200		19	0	5	26.71	7.20	-0.50
	0	0	0	0	0.00	0.00	50,300		18	-23	77	26.34	7.10	-2.65
	0	0	0	0	0.00	0.00	50,400		27	0	0	27.10	0.00	0.00
	7	0	0	0	0.00	0.00	50,500		863	27	165	25.98	7.80	-0.45
	0	0	0	0	0.00	0.00	50,600		11	0	2	25.59	7.65	-0.40
	0	0	0	0	0.00	0.00	50,700		16	1	6	25.36	7.90	-1.00
	0	0	0	0	0.00	0.00	50,800		20	0	0	26.00	0.00	0.00
	0	0	0	0	0.00	0.00	50,900		59	0	1	24.90	8.40	-0.45
	286	-2	3	0	6970.00	-167.00	51,000		5,458	112 3	896 3	24.78	9.00	0.20
	2	0	0	0	0.00	0.00	51,100		30	-14	42	24.52	9.20	0.40
	0	0	0	0	0.00	0.00	51,200		54	0	12	24.24	9.35	-0.15
	0	0	0	0	0.00	0.00	51,300		47	0	1	24.62	11.75	0.05
	0	0	0	0	0.00	0.00	51,400		62	2	31	23.59	9.40	-0.55
	12	0	0	0	0.00	0.00	51,500		3,232	-33	392	23.43	9.95	-0.55
	0	0	0	0	0.00	0.00	51,600		74	16	81	23.21	10.35	0.25
	0	0	0	0	0.00	0.00	51,700		60	11 5	65 19	22.82	9.75	-1.85
	0	0	0	0	0.00	0.00	51,800		67	-13	16	22.62	10.60	-1.35
	0	0	0	0	0.00	0.00	51,900		113	-12	59	22.30	10.65	-1.65
	698	0	0	0	0.00	0.00	52,000		10,363	-18 1	2,137 4	22.03	10.85	-0.70
	0	0	0	0	0.00	0.00	52,100		51	-1	86	21.77	11.20	-1.20
	1	0	0	0	0.00	0.00	52,200		127	-6	91	21.82	12.75	0.15
	0	0	0	0	0.00	0.00	52,300		142	-9	12	21.60	13.30	-0.15
	0	0	0	0	0.00	0.00	52,400		110	10 5	21 10	21.14	12.40	-1.60
	11	0	0	19.57	0.00	0.00	52,500		4,294	-193 -1	1,241 2	20.92	13.50	-0.65
	0	0	0	0	0.00	0.00	52,600		82	-4	29	20.88	13.15	-1.65
	0	0	0	0	0.00	0.00	52,700		502	-76	99	20.38	14.00	-1.35
	0	0	0	0	0.00	0.00	52,800		413	84	162	20.24	16.00	0.20
	0	0	0	0	0.00	0.00	52,900		390	3	34	19.89	15.00	-1.75
	1,508	-2	7	0	4983.90	-178.90	53,000		12,256	-197 -26	2,581 5	19.83	16.60	-0.75
	0	0	0	0	0.00	0.00	53,100		123	-1	47	19.59	17.15	-1.45
	1	0	0	22.47	0.00	0.00	53,200		197	-7	92	19.39	18.05	-1.75
	0	0	0	0	0.00	0.00	53,300		226	6	51	19.26	19.50	0.00
	0	0	0	0	0.00	0.00	53,400		511	-18	81	18.94	19.75	-1.20
	260	0	0	0	0.00	0.00	53,500		4,272	336 -7	2,888 2	18.80	21.35	-0.05
	4	0	0	0	0.00	0.00	53,600		269	57	155	18.67	22.95	0.25
	0	0	0	0	0.00	0.00	53,700		666	25	159	18.31	23.00	-1.05
	3	0	0	0	0.00	0.00	53,800		888	41	126	18.16	24.70	-0.30
	4	0	0	0	0.00	0.00	53,900		482	32	123	18.03	26.70	0.40
	1,304	-69	289	0	3908.95	-230.60	54,000		12,474	-262 -5	5,075 9	17.73	27.75	0.45
	0	0	0	0	0.00	0.00	54,100		634	0	316	17.55	29.05	0.30
	0	0	0	0	0.00	0.00	54,200		699	49	173	17.37	31.00	1.15
	2	0	1	0	3700.00	-200.00	54,300		538	12 2	161 6	17.22	33.50	1.70
	4	0	0	0	0.00	0.00	54,400		764	-13	339	17.10	36.25	1.40
	122	0	1	13.67	3582.00	0.00	54,500		6,732	20 -2	3,245 19	16.86	38.50	2.15
	2	0	0	0	0.00	0.00	54,600		796	52 -1	194 1	16.72	41.80	2.50
	0	0	0	0	0.00	0.00	54,700		885	12	554	16.68	44.00	2.60
	0	0	0	0	0.00	0.00	54,800		1,562	-105 -12	717 1	16.44	48.20	3.90
	0	0	0	0	0.00	0.00	54,900		934	57 -1	209 12	16.31	52.20	4.90
	2,223	-34	95 2	0	2985.00	-217.15	55,000		15,879	240 22	6,623 49	16.16	56.90	5.20
	8	-1	5	0	2944.35	-151.25	55,100		2,888	384	1,254 3	15.99	61.30	7.40
	11	0	0	15.94	0.00	0.00	55,200		1,389	73	392 8	15.85	66.05	5.40
	23	0	0	0	0.00	0.00	55,300		1,620	22	336	15.75	71.00	8.30
	17	0	0	0	0.00	0.00	55,400		1,163	-19	407	15.64	78.50	8.10
	512	-1	12	0	2500.00	-229.85	55,500		8,099	674 -6	3,678 10	15.55	86.45	10.85
	49	0	0	14.43	0.00	0.00	55,600		1,672	-41	612 10	15.39	93.15	10.90
	18	0	0	0	0.00	0.00	55,700		1,035	48 11	1,535 49	15.35	101.00	11.15
	60	0	0	15.41	0.00	0.00	55,800		1,538	50	837 2	15.23	112.25	15.95
	73	0	1	14.83	2290.00	10.30	55,900		1,006	49 9	922 19	15.16	122.35	20.15
	4,635	23	402	0	2049.65	-215.80	56,000		21,884	-277 -4	11,346 86	15.08	133.35	19.55
	358	0	2	0	1947.40	-201.55	56,100		1,735	-118 -2	936 6	14.98	145.50	23.10
	226	0	1	0	1875.00	-195.00	56,200		1,917	25 1	672 5	14.94	158.50	27.65
	183	-1	2	9.22	1811.95	-185.90	56,300		1,719	172 -1	1,213 8	14.80	174.15	29.60
	346	0	3 1	7.94	1726.85	-174.65	56,400		1,820	245 6	1,293 25	14.76	189.95	32.35
	5,280	5 -2	265 3	9.46	1625.00	-194.75	56,500		14,069	185 17	6,840 70	14.69	206.40	36.20
	350	0	11	10.76	1577.45	-184.00	56,600		2,224	1 -1	1,570 16	14.54	225.60	38.85
	993	41	152	9.22	1450.00	-206.05	56,700		3,015	202 15	2,310 32	14.54	246.50	43.10
	1,917	-3	96	9.8	1380.00	-180.30	56,800		3,886	-40 15	2,151 28	14.52	268.05	49.35
	2,447	0	99	10.17	1320.00	-174.90	56,900		3,947	-214 7	3,099 24	14.44	290.70	51.65
	20,891	-40 -3	3,438 57	10.7	1241.60	-166.70	57,000		32,513	361 20	19,731 180	14.39	316.80	57.40
	2,595	9	218	10.67	1175.00	-166.45	57,100		3,414	34 12	2,327 53	14.41	345.05	61.15
	2,385	11 2	331 4	10.66	1095.35	-168.30	57,200		4,513	-32 -6	3,500 40	14.35	375.60	69.85
	3,046	4 -2	542 8	10.97	1028.10	-168.00	57,300		2,762	-103 -11	3,354 57	14.32	406.80	72.20
	2,794	-64	875 2	10.87	967.25	-151.25	57,400		4,814	832 -13	9,225 86	14.34	441.35	76.45
	14,441	563 5	8,466 87	11.06	898.45	-145.55	57,500		17,030	62 20	16,890 150	14.33	476.80	83.80
	4,216	-71 -3	3,489 30	11.08	842.55	-137.60	57,600		4,429	-314 8	8,851 85	14.34	516.25	89.60
	7,240	1,018 -36	7,638 107	11.15	783.70	-132.50	57,700		6,228	15 44	12,534 364	14.32	556.95	94.80
	11,832	3,362 -9	21,396 268	11.21	729.45	-123.45	57,800		9,003	1,900 2	34,209 469	14.37	601.00	99.35
	7,835	2,595 42	23,765 187	11.21	675.75	-118.15	57,900		6,797	470 96	37,032 401	14.36	647.00	106.35
	78,705	955 -84	48,888 467	11.26	623.85	-112.25	58,000		58,781	-121 -45	57,496 446	14.37	694.00	111.00
	8,540	-37	13,664 106	11.3	573.30	-110.40	58,100		8,812	-332 -4	13,079 84	14.30	745.30	116.85
	5,972	345 -2	7,789 100	11.35	528.50	-104.30	58,200		4,695	-157 12	8,888 76	14.37	798.80	125.15
	3,569	855	5,427 70	11.36	484.15	-98.75	58,300		2,565	361 11	5,720 61	14.35	855.05	135.00
	2,501	631 12	4,131 55	11.39	444.35	-93.25	58,400		690	65 4	975 7	14.38	910.55	137.90
	24,047	2,389 -7	24,089 323	11.41	406.35	-84.95	58,500		10,491	-128 -4	6,097 88	14.53	973.00	144.10
	4,550	1,887 12	5,762 16	11.43	367.70	-81.20	58,600		616	42 -1	415 3	14.72	1030.85	144.65
	2,848	89 5	3,756 30	11.47	335.60	-75.20	58,700		475	10 -3	380 15	14.98	1094.30	142.10
	2,065	169 3	3,123 23	11.44	304.60	-68.35	58,800		1,260	523 5	1,134 1	14.84	1164.40	145.05
	1,711	501 -3	3,755 30	11.47	273.95	-67.90	58,900		227	-17	205	15.59	1243.60	178.60
	38,663	2,191 133	19,611 323	11.51	248.55	-58.95	59,000		10,463	-172 -2	2,257 15	14.99	1324.65	176.90
	2,748	159 -3	1,887 7	11.51	221.75	-55.75	59,100		107	26	41	15.51	1403.00	170.55
	2,338	279 12	2,294 45	11.54	200.75	-50.15	59,200		387	31	80 1	15.92	1459.40	166.75
	2,158	329 37	2,065 63	11.55	180.50	-42.90	59,300		191	-1	48	14.24	1491.25	147.90
	2,272	457 -9	2,906 43	11.55	160.35	-42.55	59,400		164	0	5	16.27	1650.80	232.45
	12,512	912 16	10,706 137	11.59	143.35	-37.05	59,500		2,153	41	332	16.62	1739.75	237.20
	1,776	64 7	2,053 11	11.61	128.00	-39.90	59,600		15	3	13	14.17	1719.15	119.15
	1,030	316 8	2,869 23	11.64	115.20	-28.25	59,700		19	3	9	14.31	1804.05	-8.65
	1,907	140 -8	3,066 34	11.68	101.90	-27.20	59,800		10	0	0	17.94	0.00	0.00
	2,217	409	2,678 7	11.74	90.25	-26.40	59,900		1	-2	4	16.11	2030.00	173.80
	37,915	2,503 184	18,444 270	11.8	81.80	-19.25	60,000		9,987	-11 11	570 5	16.96	2150.00	225.80
	1,331	41	1,286 18	11.84	72.05	-18.00	60,100		7	0	0	22.54	0.00	0.00
	253	48 1	388 6	11.86	64.00	-15.70	60,200		12	0	0	12.71	0.00	0.00
	189	64	325	11.97	56.45	-12.95	60,300		1	0	0	24.19	0.00	0.00
	3,664	126 7	736 11	11.93	50.50	-10.60	60,400		0	0	0	0.00	0.00	0.00
	13,190	-200 -1	4,897 34	12.01	44.45	-9.20	60,500		339	0	24	18.89	2618.00	264.45
	1	0	0	15.99	0.00	0.00	60,600		10	0	0	24.43	0.00	0.00
	0	0	0	0	0.00	0.00	60,700		1	0	0	15.79	0.00	0.00
	560	19 8	873 25	12.29	31.95	-6.60	60,800		2	0	0	25.10	0.00	0.00
	0	0	0	0	0.00	0.00	60,900		0	0	0	0.00	0.00	0.00
	21,863	211 14	4,607 50	12.43	25.60	-4.45	61,000		2,392	2	45	18.45	3035.00	185.40
	0	0	0	0	0.00	0.00	61,100		2	0	0	15.97	0.00	0.00
	2,399	101	1,674 2	12.63	20.95	-3.45	61,200		1	0	0	25.62	0.00	0.00
	0	0	0	0	0.00	0.00	61,300		0	0	0	0.00	0.00	0.00
	0	0	0	0	0.00	0.00	61,400		0	0	0	0.00	0.00	0.00
	4,667	-90 -16	1,904 5	12.98	15.90	-2.25	61,500		344	0	1	19.75	3513.10	-78.35
	0	0	0	0	0.00	0.00	61,600		0	0	0	0.00	0.00	0.00
	0	0	0	0	0.00	0.00	61,700		0	0	0	0.00	0.00	0.00
	0	0	0	0	0.00	0.00	61,800		0	0	0	0.00	0.00	0.00
	0	0	0	0	0.00	0.00	61,900		0	0	0	0.00	0.00	0.00
	12,466	-2 5	2,854 54	13.74	10.95	-0.95	62,000		2,409	0	0	0.00	0.00	0.00
	0	0	0	0	0.00	0.00	62,100		0	0	0	0.00	0.00	0.00
	0	0	0	0	0.00	0.00	62,200		0	0	0	0.00	0.00	0.00
	122	4	147 2	14.18	9.00	-0.50	62,300		0	0	0	0.00	0.00	0.00
	0	0	0	0	0.00	0.00	62,400		0	0	0	26.47	0.00	0.00
	3,235	70	746	14.62	8.25	-0.70	62,500		105	0	0	30.96	0.00	0.00
	0	0	0	0	0.00	0.00	62,600		0	0	0	0.00	0.00	0.00
	0	0	0	0	0.00	0.00	62,700		0	0	0	0.00	0.00	0.00
	0	0	0	0	0.00	0.00	62,800		0	0	0	0.00	0.00	0.00
	0	0	0	0	0.00	0.00	62,900		0	0	0	0.00	0.00	0.00
	6,371	-109 1	732 2	15.46	6.45	-0.55	63,000		2,355	-21	22	28.83	5075.00	234.95
	0	0	0	0	0.00	0.00	63,100		0	0	0	0.00	0.00	0.00
	0	0	0	0	0.00	0.00	63,200		0	0	0	0.00	0.00	0.00
	553	154 -1	355 89	16.04	6.30	0.15	63,300		0	0	0	0.00	0.00	0.00
	0	0	0	0	0.00	0.00	63,400		0	0	0	0.00	0.00	0.00
	891	47 2	170 27	16.45	5.45	-0.45	63,500		30	0	0	37.51	0.00	0.00
	0	0	0	0	0.00	0.00	63,600		0	0	0	0.00	0.00	0.00
	0	0	0	0	0.00	0.00	63,700		0	0	0	0.00	0.00	0.00
	0	0	0	0	0.00	0.00	63,800		0	0	0	0.00	0.00	0.00
	0	0	0	0	0.00	0.00	63,900		0	0	0	0.00	0.00	0.00
	1,678	-1	195 3	17.34	4.55	-0.35	64,000		75	0	0	27.70	0.00	0.00
	24	0	8	17.72	4.75	-1.35	64,100		0	0	0	0.00	0.00	0.00
	488	-12	58	17.79	4.35	-0.75	64,200		1	0	0	0.00	0.00	0.00
	1,206	-2	145 12	18.37	4.15	-0.35	64,500		0	0	0	0.00	0.00	0.00
	7,890	-195 3	744 15	19.14	3.40	-0.35	65,000		2,215	7	11	33.66	7010.00	210.00
	2,566	0	272	19.74	2.50	-0.25	65,500		0	0	0	0.00	0.00	0.00
	3,382	796 27	1,964 42	20.5	2.10	-0.55	66,000		661	-36	44	36.33	7992.65	181.15

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.