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MODULE 04

Reading the Option Chain

21 Topics|~6 Hrs Completion Time

Reading the Option Chain

Interactive Curriculum Structure • 21 Lessons

What Is the Option Chain and Where to Find It on NSE

Option Chain Structure — Calls Left, Puts Right, Strikes Centre

Open Interest — What It Is and What It Measures

Change in Open Interest — Reading Net Position Building

Volume vs Open Interest — The Critical Difference

Implied Volatility Column — Reading the Volatility Smile

LTP and Bid-Ask — Always Use Limit Orders for Options

Strike Colour Coding on NSE — Identifying ITM, ATM and OTM

Filtering the Chain — Showing Only Relevant Strikes

Open Interest Analysis — Long Buildup and Short Buildup

Open Interest Analysis — Long Unwinding and Short Covering

Max OI Strikes as Support and Resistance Levels

Monday Morning Option Chain Reading — The Weekly Ritual

OI Shift During the Expiry Week — How It Evolves

Put-Call Ratio — Formula, Interpretation and Limitations

PCR as a Contrarian Indicator — When Extremes Signal Reversals

Max Pain Theory — Calculation, Evidence and Practical Use

Opstra and Other Tools for Option Chain Analysis

FII Derivatives Data — Reading Institutional Positioning Weekly

NSE Bhavcopy — Accessing Raw F&O Data

Combining OI, PCR, Max Pain and FII Data — The Complete Picture