How to Read Option Chain Using Open Interest
A practical guide to reading option chain using open interest, including how to read call OI, put OI, change in OI, and important strike zones.
A practical guide to reading option chain using open interest, including how to read call OI, put OI, change in OI, and important strike zones.
The closing option-chain structure points to 23,000 as Nifty’s key base, 54,000 as Bank Nifty’s supply-heavy pivot, and 25,000-25,500 as FinNifty’s cleanest Friday range.
The latest Nifty options positioning is tightly packed around 23,200-23,300, with 23,300 carrying the heaviest call pressure ahead of 24 March expiry.
Market Overview Open Interest (OI) Analysis Support and Resistance Levels Level Value (approx.) Rationale Resistance 24,152 – 24,273 Previous support, now resistance; heavy Call OI4 Support 24,000 Psychological round number, Put OI build-up6 Support 23,930 … Read more
In the Indian stock market, you might often hear the terms CE and PE when discussing options. CE stands for Call European, and PE stands for Put European – essentially, these are shorthand for Call … Read more
Understanding open interest can give traders an edge while trading futures and options.