Advanced Option Chain Analysis (BANKNIFTY)

Remove annoying ads with premium @ ₹89 ₹149 per month

Remove Ads

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		3,817	-42	778	50.94	3.85	0.35
	0	0	0	0	0.00	0.00	43,500		482	20	124	49.94	4.60	0.35
	153	-1	27	0	13267.50	2703.00	44,000		1,067	28	763	49.37	6.00	1.00
	4	0	0	0	0.00	0.00	44,500		282	-32	110	48.95	8.00	1.90
	739	-5	13	0	12285.00	535.00	45,000		6,907	-904	3,192	46.36	7.05	0.30
	0	0	0	0	0.00	0.00	45,300		209	-5	91	44.82	6.50	-0.95
	0	0	0	0	0.00	0.00	45,400		110	0	5	44.66	6.80	-0.35
	1	0	0	0	0.00	0.00	45,500		500	-35	248	44.42	7.00	-0.25
	0	0	0	0	0.00	0.00	45,600		217	0	61	43.69	6.50	-1.50
	0	0	0	0	0.00	0.00	45,700		145	4	26	43.90	7.35	-0.20
	0	0	0	0	0.00	0.00	45,800		92	-1	125	43.46	7.25	-0.20
	0	0	0	0	0.00	0.00	45,900		218	0	10	42.91	7.00	-0.30
	1	0	1	0	11310.00	3400.00	46,000		3,311	-712	3,193	43.02	7.75	-1.00
	0	0	0	0	0.00	0.00	46,100		135	-1	59	42.16	7.00	-1.55
	0	0	0	0	0.00	0.00	46,200		87	0	0	41.26	0.00	0.00
	0	0	0	0	0.00	0.00	46,300		78	-38	111	41.88	7.75	-0.45
	0	0	0	0	0.00	0.00	46,400		54	0	5	41.38	7.55	-1.95
	0	0	0	0	0.00	0.00	46,500		861	-113	680	41.27	8.00	-1.40
	0	0	0	0	0.00	0.00	46,600		51	-35	85	41.01	8.20	-1.65
	0	0	0	0	0.00	0.00	46,700		48	-14	39	40.80	8.50	0.05
	0	0	0	0	0.00	0.00	46,800		85	-6	30	41.09	9.80	-0.30
	0	0	0	0	0.00	0.00	46,900		21	-20	83	40.56	9.50	1.05
	48	0	1	0	10250.00	2018.35	47,000		3,446	-332	4,008	40.25	9.65	-0.45
	0	0	0	0	0.00	0.00	47,100		56	0	11	39.34	8.60	-1.10
	0	0	0	0	0.00	0.00	47,200		202	2	23	39.91	10.55	-1.20
	1	0	0	0	0.00	0.00	47,300		174	1	32	38.89	9.20	-1.55
	0	0	0	0	0.00	0.00	47,400		188	-1	17	38.18	8.55	-2.20
	0	0	0	0	0.00	0.00	47,500		1,192	-519	2,533	38.18	9.30	-2.40
	0	0	0	0	0.00	0.00	47,600		107	-2	46	37.94	9.60	-1.55
	0	0	0	0	0.00	0.00	47,700		113	0	51	38.39	11.50	0.25
	0	0	0	0	0.00	0.00	47,800		218	32	89	37.97	11.40	-0.65
	0	0	0	0	0.00	0.00	47,900		186	-3	64	37.62	11.50	-0.05
	422	-5	29	0	9232.00	832.00	48,000		7,775	-1,222	9,655	36.70	10.20	-2.65
	0	0	0	0	0.00	0.00	48,100		248	-1	95	37.37	12.85	-0.10
	0	0	0	0	0.00	0.00	48,200		177	0	80	36.07	10.50	-2.15
	0	0	0	0	0.00	0.00	48,300		153	2	48	35.87	10.95	-1.70
	0	0	0	0	0.00	0.00	48,400		180	15	211	35.23	10.30	-4.25
	0	0	0	0	0.00	0.00	48,500		3,748	-1,172	5,146	36.28	14.20	0.40
	0	0	0	0	0.00	0.00	48,600		254	0	62	34.94	11.50	-2.90
	0	0	0	0	0.00	0.00	48,700		199	-22	97	34.64	11.70	-3.35
	0	0	0	0	0.00	0.00	48,800		293	-25	204	34.45	12.25	-2.95
	0	0	0	0	0.00	0.00	48,900		241	-23	217	34.66	14.00	-2.30
	722	-2	17	0	8200.05	876.05	49,000		12,303	-1,382	10,804	33.74	12.40	-3.40
	0	0	0	0	0.00	0.00	49,100		171	-18	86	33.49	12.80	-4.05
	0	0	0	0	0.00	0.00	49,200		227	-7	113	33.68	14.60	-2.05
	0	0	0	0	0.00	0.00	49,300		193	-2	259	33.14	14.10	-3.90
	0	0	0	0	0.00	0.00	49,400		351	-48	164	32.88	14.50	-2.90
	98	0	0	0	0.00	0.00	49,500		9,509	-1,838	9,019	32.28	13.80	-4.75
	0	0	0	0	0.00	0.00	49,600		316	-35	368	32.18	14.75	-4.35
	0	0	0	0	0.00	0.00	49,700		261	-50	138	31.92	15.20	-4.45
	0	0	0	0	0.00	0.00	49,800		666	-108	567	31.75	16.00	-4.90
	0	0	0	0	0.00	0.00	49,900		333	-176	322	31.75	17.50	-3.85
	2,214	-176	277	0	7174.30	329.20	50,000		20,157	-5,152	28,831	31.36	17.50	-4.80
	1	0	0	0	0.00	0.00	50,100		749	-128	594	31.19	18.45	-4.95
	7	0	0	34.26	0.00	0.00	50,200		322	-110	405	30.71	18.10	-5.85
	0	0	0	0	0.00	0.00	50,300		334	-35	308	30.45	18.65	-7.10
	9	0	0	26.29	0.00	0.00	50,400		352	-45	355	30.16	19.10	-7.00
	24	0	0	0	0.00	0.00	50,500		7,199	-2,009	12,929	30.34	21.80	-5.35
	3	0	0	23.61	0.00	0.00	50,600		199	-78	944	30.04	22.30	-6.30
	0	0	0	0	0.00	0.00	50,700		436	-148	441	29.81	23.20	-6.55
	1	0	0	19.34	0.00	0.00	50,800		426	-161	757	29.51	23.75	-7.40
	6	0	0	7.46	0.00	0.00	50,900		432	-930	3,204	29.11	23.80	-7.35
	812	-82	178	0	6253.45	395.25	51,000		15,006	-811	33,329	28.56	23.00	-10.70
	2	0	0	20.78	0.00	0.00	51,100		574	-232	1,021	28.77	26.45	-7.75
	16	0	0	28.56	0.00	0.00	51,200		671	-549	1,450	28.29	26.05	-11.55
	27	3	15	0	6003.00	462.20	51,300		460	-390	1,744	28.52	30.00	-8.50
	19	0	0	0	0.00	0.00	51,400		644	-131	879	28.04	29.60	-9.40
	220	-21	89	0	5753.00	395.55	51,500		8,080	-3,459	21,776	27.85	31.10	-11.00
	42	0	0	0	0.00	0.00	51,600		254	-131	587	27.43	31.10	-11.75
	49	0	0	0	0.00	0.00	51,700		716	-160	2,322	27.40	33.90	-13.25
	29	0	0	23.03	0.00	0.00	51,800		540	-155	998	26.78	32.40	-16.60
	12	0	0	0	0.00	0.00	51,900		778	-163	1,393	26.93	36.75	-13.85
	1,952	-77	215	0	5264.25	380.60	52,000		18,979	-3,052	49,823	26.64	37.85	-17.05
	22	0	0	0	0.00	0.00	52,100		495	-268	1,537	26.02	36.30	-19.75
	44	0	0	27.1	0.00	0.00	52,200		772	-349	1,695	25.99	39.65	-20.45
	52	0	0	0	0.00	0.00	52,300		969	-441	2,659	25.87	42.35	-20.60
	36	-1	5	0	5000.45	2346.10	52,400		558	-185	1,127	25.53	43.20	-22.45
	581	-14	38	0	4817.55	425.95	52,500		14,636	4,211	31,927	25.23	44.50	-24.55
	62	0	0	0	0.00	0.00	52,600		436	-408	1,178	24.99	46.45	-24.75
	89	0	0	0	0.00	0.00	52,700		780	-204	1,324	24.90	50.00	-28.10
	100	0	0	0	0.00	0.00	52,800		1,084	-194	1,999	24.57	51.30	-30.05
	175	0	0	0	0.00	0.00	52,900		865	-247	2,214	24.40	54.35	-30.45
	4,098	-358	557	0	4250.00	328.55	53,000		21,612	-1,267	50,067	24.33	58.75	-31.15
	345	-5	18	0	4310.00	453.50	53,100		1,162	-6	2,376	24.00	60.30	-34.65
	444	-37	65	0	4070.00	327.95	53,200		1,999	-172	3,310	23.82	63.85	-35.70
	627	-2	4	0	4053.75	393.75	53,300		1,461	-1,242	4,255	23.67	68.00	-35.10
	496	-5	9	27.86	4162.70	631.75	53,400		1,713	-245	3,563	23.36	70.15	-41.45
	10,865	-127	270	0	3775.00	330.15	53,500		21,170	-400	29,227	23.13	73.50	-45.95
	1,557	-16	27	0	3780.00	399.40	53,600		2,511	-119	3,258	23.17	81.15	-44.45
	553	-49	95	0	3667.95	398.90	53,700		2,302	-27	3,921	22.90	84.50	-48.55
	970	-42	103	0	3536.75	371.50	53,800		2,148	-554	4,451	22.55	86.80	-52.80
	901	-5	34	0	3459.75	358.55	53,900		1,734	-103	3,376	22.30	90.85	-57.85
	30,679	-745	1,762	0	3285.00	291.95	54,000		45,691	-1,113	54,725	22.08	95.60	-61.85
	1,457	-35	114	0	3257.25	342.95	54,100		2,527	176	3,213	22.09	104.80	-61.90
	1,974	-52	164	0	3150.70	315.65	54,200		5,150	1,372	6,388	21.72	107.55	-69.60
	2,632	-58	130	0	3024.45	291.65	54,300		4,074	-416	5,903	21.55	114.20	-74.35
	3,955	-20	184	0	2965.00	319.65	54,400		2,654	-83	3,665	21.15	116.80	-82.45
	13,366	-509	1,092	0	2823.60	274.80	54,500		17,697	-1,092	27,057	21.09	126.55	-84.55
	3,238	-94	464	0	2741.20	261.40	54,600		3,682	-12	3,577	21.05	137.35	-87.85
	1,651	-165	612	0	2650.00	257.60	54,700		3,750	276	4,783	20.88	146.05	-91.45
	1,738	-101	177	0	2585.40	293.05	54,800		4,329	-817	4,849	20.64	153.40	-103.05
	1,550	-258	406	0	2478.15	264.80	54,900		2,982	-1,543	6,745	20.55	165.10	-104.05
	21,557	-2,636	7,614	0	2375.00	245.85	55,000		31,068	560	52,818	20.38	175.65	-111.80
	1,580	-550	985	0	2285.85	235.90	55,100		2,703	-146	5,757	20.25	187.80	-114.45
	2,686	-397	1,446	0	2216.15	246.45	55,200		3,610	111	5,604	20.08	199.60	-123.20
	4,569	-258	758	12.79	2172.30	278.20	55,300		4,304	-451	7,474	19.98	213.90	-126.95
	1,765	-279	498	11.55	2061.20	254.10	55,400		2,521	-204	5,865	20.06	235.00	-127.45
	19,217	-1,599	5,448	10.57	1954.55	222.45	55,500		20,046	-722	29,450	19.72	244.15	-143.80
	1,577	-894	1,168	10.97	1866.95	206.40	55,600		1,813	-233	4,695	19.61	261.15	-146.70
	1,401	-223	499	12.24	1800.00	213.20	55,700		1,647	-372	5,979	19.39	275.60	-164.10
	2,130	-470	1,089	12.57	1720.00	211.35	55,800		2,679	-75	7,787	19.42	299.50	-165.30
	1,953	-453	967	12.01	1620.00	178.45	55,900		3,255	-1,017	9,393	19.18	315.30	-178.05
	26,398	-8,073	19,484	13.13	1566.05	193.20	56,000		26,571	-1,516	73,909	19.16	340.20	-183.30
	1,480	-198	616	12.81	1474.95	173.30	56,100		1,616	-43	6,521	18.88	356.40	-194.20
	1,926	-599	1,291	12.93	1398.55	158.60	56,200		1,482	-234	5,959	18.83	382.80	-203.30
	1,461	-684	1,453	13.49	1340.25	167.50	56,300		1,668	-102	7,335	18.96	417.75	-204.30
	1,682	-1,630	3,513	13.59	1269.00	158.35	56,400		1,813	-432	11,373	18.85	445.00	-210.20
	9,111	-3,584	17,247	13.81	1204.75	154.45	56,500		11,531	1,616	43,041	18.64	469.30	-226.15
	1,272	-972	2,846	13.7	1130.00	140.20	56,600		1,690	-246	9,657	18.74	508.05	-227.15
	3,045	-732	4,736	14.02	1075.00	139.90	56,700		2,894	-53	11,311	18.68	542.10	-235.90
	2,947	-1,756	7,695	13.98	1007.70	126.55	56,800		4,158	147	20,279	18.62	577.35	-244.20
	2,023	-767	6,179	13.99	945.00	115.90	56,900		2,904	439	21,308	18.69	620.35	-245.10
	24,267	-191	61,188	14.06	887.00	111.25	57,000		18,683	5,132	82,758	18.61	658.80	-256.00
	2,200	260	10,783	14.27	837.80	112.35	57,100		1,114	544	15,379	18.51	697.60	-266.80
	4,113	1,862	32,837	14.24	780.70	99.10	57,200		3,091	2,703	31,844	18.48	741.60	-282.45
	4,494	2,855	50,583	14.15	723.00	87.45	57,300		2,822	2,568	44,019	18.51	790.15	-287.10
	7,649	6,338	67,530	14.19	673.40	79.95	57,400		4,227	4,117	54,214	18.64	845.00	-292.90
	22,759	9,877	143,850	14.31	630.20	79.10	57,500		12,398	7,770	102,857	18.55	891.55	-292.35
	4,525	2,855	38,127	14.4	588.00	74.10	57,600		1,426	1,344	19,674	18.80	956.00	-290.70
	4,289	2,925	31,226	14.31	539.70	61.95	57,700		1,511	1,437	15,084	18.95	1017.20	-292.20
	3,731	1,935	29,431	14.38	501.05	57.45	57,800		1,090	1,014	14,812	18.59	1056.80	-329.05
	1,611	560	16,047	14.2	453.50	45.80	57,900		819	757	4,794	19.06	1136.40	-312.05
	29,216	4,815	118,469	14.24	418.20	40.25	58,000		10,091	2,842	25,417	19.05	1195.75	-307.75
	1,965	9	18,038	14.47	393.00	41.40	58,100		291	272	1,047	18.85	1248.05	-295.60
	2,250	931	12,265	14.43	358.50	34.10	58,200		145	114	796	19.01	1318.10	-323.05
	2,533	1,251	15,252	14.5	330.30	33.35	58,300		254	241	1,736	19.53	1405.25	-296.00
	1,316	164	8,466	14.48	300.55	28.05	58,400		78	65	133	18.37	1422.15	-2399.45
	12,172	-456	48,013	14.4	270.80	18.80	58,500		2,579	264	5,031	19.43	1534.65	-347.85
	1,527	204	12,058	14.49	249.00	18.35	58,600		11	7	33	18.81	1578.45	-1821.55
	1,379	31	10,439	14.55	228.00	17.15	58,700		41	8	36	19.19	1665.00	-366.50
	1,246	-82	7,813	14.58	207.35	14.35	58,800		6	0	0	0.00	0.00	0.00
	1,168	-243	5,396	14.6	188.20	10.70	58,900		15	0	0	0.00	0.00	0.00
	23,290	3,893	78,123	14.62	170.15	5.50	59,000		4,469	504	3,401	20.83	1947.95	-356.00
	1,557	49	6,564	14.74	156.75	6.25	59,100		0	0	0	0.00	0.00	0.00
	1,547	235	6,124	14.78	142.00	2.85	59,200		0	0	0	0.00	0.00	0.00
	1,336	47	5,100	14.8	128.10	1.50	59,300		18	0	0	0.00	0.00	0.00
	1,039	120	4,318	14.89	117.00	1.60	59,400		0	0	0	0.00	0.00	0.00
	12,132	2,434	38,391	14.95	106.00	-0.90	59,500		401	-11	379	21.96	2372.20	-373.25
	1,092	417	4,762	14.99	95.70	-2.10	59,600		0	0	0	0.00	0.00	0.00
	1,938	1,320	7,583	14.95	84.65	-5.20	59,700		0	0	0	0.00	0.00	0.00
	2,095	1,331	9,224	15.11	78.40	-4.05	59,800		31	0	0	0.00	0.00	0.00
	941	14	5,765	15.21	71.50	-3.75	59,900		0	0	0	0.00	0.00	0.00
	59,399	-333	148,168	15.2	63.40	-5.75	60,000		24,070	-1,497	10,098	23.92	2839.20	-374.50
	499	-290	4,234	15.38	59.15	-4.20	60,100		0	0	0	0.00	0.00	0.00
	542	-86	3,645	15.34	51.90	-6.70	60,200		2	0	0	21.02	0.00	0.00
	432	73	2,548	15.57	49.20	-4.20	60,300		5	0	0	27.11	0.00	0.00
	402	108	2,467	15.54	43.15	-6.05	60,400		0	0	0	0.00	0.00	0.00
	9,562	2,289	35,707	15.65	39.45	-5.30	60,500		121	0	0	24.86	0.00	0.00
	456	186	2,664	15.69	35.30	-6.05	60,600		0	0	0	0.00	0.00	0.00
	625	374	2,373	15.77	32.00	-6.15	60,700		0	0	0	0.00	0.00	0.00
	299	-87	2,094	15.96	30.00	-4.75	60,800		0	0	0	0.00	0.00	0.00
	352	221	2,023	15.99	26.75	-6.65	60,900		0	0	0	0.00	0.00	0.00
	14,342	3,776	38,231	16.16	25.00	-5.10	61,000		1,668	25	351	27.29	3779.80	-356.40
	436	298	2,358	16.16	22.00	-4.65	61,100		0	0	0	0.00	0.00	0.00
	324	29	2,343	16.3	20.35	-5.60	61,200		0	0	0	0.00	0.00	0.00
	594	488	2,275	16.23	17.45	-6.50	61,300		0	0	0	0.00	0.00	0.00
	174	54	591	16.67	18.10	-4.10	61,400		0	0	0	0.00	0.00	0.00
	4,789	450	16,498	16.65	15.80	-5.30	61,500		165	0	19	25.67	4185.00	-383.85
	131	-48	400	16.62	13.70	-5.80	61,600		0	0	0	0.00	0.00	0.00
	136	-21	309	16.82	13.05	-4.75	61,700		0	0	0	0.00	0.00	0.00
	206	-1	401	17.13	12.95	-4.05	61,800		0	0	0	0.00	0.00	0.00
	96	-120	812	17.23	11.90	-4.05	61,900		0	0	0	0.00	0.00	0.00
	13,148	3,812	27,093	17.55	11.90	-3.20	62,000		2,029	43	219	24.44	4625.00	-477.05
	96	-35	329	17.59	10.65	-2.90	62,100		0	0	0	0.00	0.00	0.00
	214	147	606	17.28	8.20	-3.70	62,200		0	0	0	0.00	0.00	0.00
	279	174	542	17.99	9.75	-2.30	62,300		0	0	0	0.00	0.00	0.00
	219	77	706	17.94	8.40	-2.85	62,400		0	0	0	0.00	0.00	0.00
	2,205	640	8,334	18.11	7.95	-3.15	62,500		46	-1	6	29.84	5177.90	-1342.10
	128	0	184	18.2	7.30	-3.05	62,600		0	0	0	0.00	0.00	0.00
	145	6	152	18.54	7.45	-2.45	62,700		0	0	0	0.00	0.00	0.00
	168	7	289	18.67	6.95	-2.20	62,800		0	0	0	0.00	0.00	0.00
	141	32	310	18.66	6.10	-2.45	62,900		0	0	0	0.00	0.00	0.00
	12,656	-1,252	10,899	18.65	5.35	-2.60	63,000		1,714	-152	228	28.27	5620.00	-530.00
	3	0	72	19.3	6.30	-27.60	63,100		0	0	0	0.00	0.00	0.00
	5	0	47	19.39	5.80	-26.60	63,200		0	0	0	0.00	0.00	0.00
	5	0	215	19.2	4.70	-26.30	63,300		0	0	0	0.00	0.00	0.00
	1,795	-1,615	14,570	19.42	4.05	-3.45	63,500		4	0	0	0.00	0.00	0.00
	4,602	-759	11,489	20.36	3.40	-1.55	64,000		1,072	68	143	38.10	6709.05	-395.80
	974	324	4,760	21.49	3.15	-1.15	64,500		0	0	0	0.00	0.00	0.00
	3,836	-349	4,383	22.68	3.05	-0.60	65,000		1,725	-6	26	42.39	7710.00	-383.40
	1,947	105	2,198	25.12	3.00	-0.05	66,000		654	-55	116	38.87	8605.90	-489.50
	1,039	169	2,965	28.72	3.00	0.85	67,500		153	-42	73	49.81	10170.00	-416.70
	2,022	649	4,228	31.82	2.65	0.60	69,000		87	0	1	57.60	11700.00	-2931.50

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.