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Open Interest
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Fair Price : 25,192.30 © Quantsapp Pvt. Ltd. Strikes 21,00021,50022,00022,50023,00023,50024,00024,50025,00025,50026,00026,50027,00027,50001M2M3M4M5M6M7M8M9M10M
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Strikes Call Premium Call OI Put Premium Put OI
27,900 2.45
2,423,395
(2,423,395)
5,019.35
0
(0)
27,850 2.70
116,870
(116,870)
4,969.65
0
(0)
27,800 2.65
362,310
(362,310)
4,919.90
0
(0)
27,750 2.85
179,530
(179,530)
4,870.20
0
(0)
27,700 2.95
476,580
(476,580)
4,820.50
0
(0)
27,650 3.10
35,100
(35,100)
4,770.80
0
(0)
27,600 3.10
404,365
(404,365)
4,721.05
0
(0)
27,550 3.30
80,730
(80,730)
4,671.35
0
(0)
27,500 3.40
1,968,135
(1,968,135)
4,621.65
0
(0)
27,450 3.50
111,020
(111,020)
4,571.95
0
(0)
27,400 3.75
813,605
(813,605)
4,522.25
0
(0)
27,350 3.90
2,100,020
(1,151,735)
4,472.50
0
(0)
27,300 4.00
2,787,915
(1,983,540)
4,422.80
0
(0)
27,250 4.40
455,975
(364,390)
4,373.10
0
(0)
27,200 4.50
1,678,040
(1,338,350)
4,323.40
0
(0)
27,150 5.05
356,005
(261,690)
4,273.70
0
(0)
27,100 5.15
1,253,395
(861,380)
4,224.00
0
(0)
27,050 5.70
373,360
(242,775)
4,174.30
0
(0)
27,000 6.05
8,213,075
(4,262,960)
1,761.20
3,380
(3,380)
26,950 6.65
712,465
(614,380)
4,074.90
0
(0)
26,900 6.90
2,165,215
(953,875)
4,025.20
0
(0)
26,850 7.65
1,018,615
(842,985)
3,975.50
0
(0)
26,800 7.95
3,396,185
(1,165,515)
3,925.85
0
(0)
26,750 8.65
1,279,200
(313,690)
3,876.15
0
(0)
26,700 9.15
3,455,985
(1,977,300)
3,826.45
0
(0)
26,650 10.15
1,118,260
(917,345)
3,776.80
0
(0)
26,600 11.05
3,447,015
(1,675,635)
1,382.85
19,760
(19,760)
26,550 12.25
900,965
(527,605)
1,315.00
650
(585)
26,500 13.00
8,448,375
(2,791,685)
1,316.15
13,975
(12,870)
26,450 14.50
776,815
(559,585)
1,218.15
455
(390)
26,400 15.55
2,900,235
(1,467,635)
1,159.05
390
(325)
26,350 17.35
745,095
(568,880)
1,121.30
845
(520)
26,300 19.45
2,567,110
(1,457,885)
1,153.25
1,625
(1,495)
26,250 21.45
804,830
(479,375)
1,040.05
2,990
(2,925)
26,200 23.60
2,980,315
(1,763,515)
1,014.15
9,750
(9,685)
26,150 26.55
896,480
(624,325)
985.15
2,990
(2,665)
26,100 29.35
2,077,140
(1,287,780)
902.95
6,890
(6,760)
26,050 32.75
961,935
(684,970)
876.80
4,680
(4,615)
26,000 36.65
10,690,745
(3,368,820)
833.55
213,785
(129,870)
25,950 41.35
1,096,550
(723,645)
777.00
40,170
(40,105)
25,900 45.95
2,852,330
(992,030)
735.90
58,305
(57,850)
25,850 52.25
1,758,185
(1,462,890)
694.65
58,695
(58,630)
25,800 57.90
6,050,525
(2,948,530)
659.70
107,705
(90,675)
25,750 64.85
2,051,855
(1,512,160)
607.60
53,365
(42,640)
25,700 73.50
4,378,530
(1,370,655)
576.00
184,665
(177,580)
25,650 81.85
1,810,575
(1,425,060)
538.45
63,635
(61,685)
25,600 92.85
4,454,320
(2,528,370)
500.85
289,900
(269,490)
25,550 103.90
2,169,050
(1,505,140)
459.15
101,660
(94,510)
25,500 117.75
9,046,115
(2,938,845)
422.60
1,832,350
(1,121,445)
25,450 130.45
2,065,635
(1,714,505)
389.80
316,745
(304,395)
25,400 147.20
6,686,550
(4,472,130)
354.05
1,841,190
(1,794,065)
25,350 163.60
3,624,075
(3,120,715)
319.70
1,659,515
(1,637,610)
25,300 183.70
5,221,775
(3,497,650)
288.05
2,756,520
(2,622,620)
25,250 203.80
1,850,485
(1,413,815)
261.30
1,122,745
(1,061,515)
25,200 224.85
3,532,360
(1,479,400)
232.55
2,986,425
(2,696,005)
25,150 244.40
932,880
(352,625)
211.15
1,297,400
(1,197,690)
25,100 270.35
1,391,000
(-521,365)
187.20
2,581,995
(1,848,730)
25,050 298.15
368,615
(-418,795)
164.05
635,765
(275,340)
25,000 330.05
3,053,050
(-2,428,010)
142.55
5,423,080
(103,155)
24,950 361.40
239,525
(-212,615)
124.65
951,210
(381,290)
24,900 398.10
803,855
(-947,050)
107.20
2,980,835
(504,140)
24,850 431.60
182,325
(-74,555)
93.05
1,572,285
(1,026,025)
24,800 467.30
733,850
(-509,665)
79.30
4,394,390
(1,874,470)
24,750 505.40
215,735
(-8,710)
68.95
1,022,320
(555,945)
24,700 552.30
518,635
(-309,595)
57.25
3,992,690
(2,018,900)
24,650 594.70
89,635
(-4,810)
48.75
1,139,190
(422,045)
24,600 636.40
1,135,355
(298,220)
42.30
3,102,450
(576,290)
24,550 691.40
58,305
(-12,480)
36.05
724,880
(84,890)
24,500 726.35
1,056,185
(-190,645)
30.60
6,011,720
(1,434,810)
24,450 766.25
58,435
(-4,290)
26.05
822,380
(294,580)
24,400 823.50
512,460
(-501,085)
22.20
2,672,085
(-1,909,830)
24,350 855.35
33,800
(-3,835)
19.15
1,008,150
(547,755)
24,300 912.10
447,330
(-190,190)
16.65
2,525,380
(-2,556,645)
24,250 978.80
365,560
(-8,645)
14.40
1,140,165
(380,965)
24,200 1,024.95
438,555
(-106,145)
12.45
3,667,170
(-844,155)
24,150 1,036.25
29,380
(10,075)
11.25
616,330
(-25,870)
24,100 1,116.10
169,585
(-58,500)
10.15
1,551,290
(-11,245)
24,050 1,173.20
95,095
(-36,855)
9.30
894,920
(333,125)
24,000 1,204.00
1,123,200
(-121,875)
8.55
5,763,485
(384,410)
23,950 1,246.45
94,965
(-2,860)
7.65
497,640
(203,190)
23,900 1,304.00
181,935
(-65,065)
7.30
1,571,960
(219,830)
23,850 1,359.65
29,445
(-14,170)
6.50
354,120
(138,775)
23,800 1,413.90
238,875
(-51,090)
6.20
3,316,495
(1,730,560)
23,750 1,463.50
23,530
(-27,820)
5.75
380,705
(21,385)
23,700 1,495.85
141,700
(-64,285)
5.45
1,789,840
(649,480)
23,650 1,557.85
112,970
(-11,440)
5.10
384,280
(-80,210)
23,600 1,603.55
237,575
(-40,950)
4.60
1,311,960
(-228,995)
23,550 1,663.00
20,085
(-4,745)
4.30
243,815
(24,180)
23,500 1,700.35
354,055
(-27,755)
4.15
4,125,485
(1,039,545)
23,450 1,713.80
37,765
(-325)
3.95
292,565
(-17,030)
23,400 1,795.60
93,210
(-40,170)
3.55
1,240,720
(226,915)
23,350 1,919.70
12,025
(325)
3.55
213,655
(41,600)
23,300 1,885.90
72,865
(-5,005)
3.20
990,080
(-94,575)
23,250 2,140.10
6,565
(-260)
3.20
160,615
(24,245)
23,200 2,003.25
80,470
(-3,900)
3.05
782,730
(-1,101,750)
23,150 2,033.65
4,550
(-4,485)
3.00
99,255
(13,390)
23,100 2,076.20
83,655
(-2,080)
2.90
304,330
(-218,205)
23,050 2,100.00
6,955
(-130)
2.65
159,770
(48,685)
23,000 2,183.35
192,920
(-46,410)
2.70
5,372,185
(-460,395)
22,950 2,360.85
3,575
(-130)
2.70
104,390
(18,330)
22,900 2,285.05
38,935
(-10,595)
2.45
318,370
(-88,790)
22,850 2,313.45
15,080
(-650)
2.55
194,935
(35,035)
22,800 2,399.25
38,675
(-5,525)
2.25
817,180
(71,890)
22,750 2,500.00
28,925
(-455)
2.35
137,085
(46,800)
22,700 2,480.00
30,615
(-1,820)
2.30
464,945
(-110,890)
22,650 2,599.05
1,885
(-260)
2.30
63,050
(6,565)
22,600 2,645.00
20,995
(-195)
2.30
246,870
(-5,395)
22,550 2,134.30
1,430
(65)
2.20
71,435
(10,205)
22,500 2,720.20
29,055
(-3,510)
2.15
2,501,265
(52,065)
22,450 2,500.00
1,820
(0)
2.15
32,695
(-1,040)
22,400 2,782.80
11,245
(-455)
2.05
325,325
(-77,285)
22,350 2,266.15
2,665
(0)
2.00
39,585
(8,840)
22,300 2,580.00
2,145
(0)
2.05
202,930
(-145,210)
22,250 869.45
455
(0)
2.05
89,570
(32,955)
22,200 3,079.20
2,405
(-910)
2.00
245,635
(-67,080)
22,150 2,745.90
715
(0)
1.90
29,640
(10,270)
22,100 2,477.05
390
(0)
2.00
155,740
(-1,105)
22,050 1,330.00
195
(0)
1.95
41,470
(8,710)
22,000 3,300.00
14,885
(-1,365)
1.90
4,437,485
(-176,540)
21,950 918.85
0
(0)
1.80
23,660
(4,420)
21,900 1,192.10
845
(0)
1.75
175,565
(32,500)
21,850 1,107.90
0
(0)
1.70
31,005
(-1,040)
21,800 3,430.00
195
(-130)
1.80
335,270
(-130,195)
21,750 1,189.55
0
(0)
1.65
21,775
(-4,225)
21,700 3,689.75
130
(-130)
1.65
148,395
(4,940)
21,650 1,273.50
0
(0)
1.65
36,790
(6,825)
21,600 1,316.25
0
(0)
1.55
160,355
(5,135)
21,550 1,359.55
0
(0)
1.40
26,130
(5,590)
21,500 3,620.80
910
(0)
1.55
2,057,445
(-272,480)
21,450 1,447.45
0
(0)
1.40
26,780
(12,350)
21,400 1,492.05
0
(0)
1.45
184,665
(16,185)
21,350 1,537.10
0
(0)
1.40
18,655
(1,105)
21,300 1,582.50
0
(0)
1.35
175,565
(-3,380)
21,250 1,628.25
0
(0)
1.25
15,730
(5,265)
21,200 1,674.35
0
(0)
1.30
1,183,390
(22,230)
21,150 1,720.75
0
(0)
1.25
22,555
(3,770)
21,100 1,767.45
0
(0)
1.25
537,160
(58,370)
21,050 1,814.40
0
(0)
1.15
14,040
(2,145)
21,000 2,935.00
1,105
(0)
1.00
4,353,245
(-730,860)
20,950 1,909.10
0
(0)
1.00
142,025
(28,015)
20,900 1,956.80
0
(0)
0.95
946,595
(-137,475)
20,850 2,004.65
0
(0)
0.95
741,260
(197,600)
 Information

Open Interest

What is Open Interest?

Open Interest is the total number of outstanding (Derivative) Futures & Options contracts. As the word Open Interest suggests, it is the amount of interest in any derivatives contract. It is different from volume.

Benefits of Open Interest

Open Interest gives trades insights about support & resistance levels. It gives an indication of a trend or a reversal.Options Open interest is one of the most vital derivative data points used for analysis of the markets

How to interpret Open Interest Data

Option Open interest is interpreted in a number of ways. Though every Call or Put contract has both Buyer & Seller, Options OI Data is inferred from the Option Sellers Perspective. This is because Option Sellers take more risk (unlimited loss risk) than the buyer (limited loss)

  • Call Writers view: Underlying neutral to bearish

  • Call Writers view when unwinding: Underlying scaling higher

  • Put Writers view: Underlying neutral to bullish

  • Put Sellers view when unwinding: Underlying edging lower

Trends from Open Interest Data

Observation

  • When the market price is close to the strike price & there is change in open interest on that strike price

  • The stock/underlying has not moved much

  • There are no earnings, announcements, events lined up for the underlying

Conclusion

  • If we see the above data building up, usually if its a Call Option, the underlying rallies

  • If in the same case, its a Put Option then the underlying usually is seen moving lower.

Support & Resistance from Open Interest Data

Observation

  • Check where the Highest Call Option Open Interest & Put Open Interest is placed

Conclusion

  • Oftentimes the Highest Open Interest among Calls is in the strike higher than the current market price of the stock/index that belongs to and for Puts it is the strike lower than the current market price.

  • Basic premise here is that more Open Interest = More Writers and More Writers = Consensus over their strike being held and not crossed over.

  • Utility is very simple. If our price objective is beyond this band of Highest Call/ Put strike, it makes sense to rethink our trading objective.

  • These are some of the known and most used inferences of options Open Interest data. This could be helpful in identifying a trading opportunity as well as supporting a trading argument.

Features in GO PRO/PRO+ Plans: Change in Open Interest from Custom Time

Get changes in Open Interest from a specific time in the day (up to the minute). This will help you track changes in Open Interest after a specific event, large move in the underlying.

How to Buy PRO/ PRO+ Plan?

  • Step 1:- Sign Up your account with web.quantsapp.com

  • Step 2:- Click on GO PRO/PRO+ text highlighted on the top right corner

  • Step 3:- Select PRO/PRO+ after comparing & getting an idea of the subscription plans

  • Step 4:- Choose your payment mode & enter your credentials, hit pay now & start your journey of being a data-driven trader

An open interest guide

We have tons of learning content on Youtube to make you a proficient Options trader. Open Interest Analysis is one of the widely used analysis methods in Indian Derivative Markets used to gauge sentiments. Learn from our video from Mrs. Tina Gadodia (President, Quantsapp), Mr. Rahul Prajapati (Head Trainer) & Mr. Shubhankar Patil.

How is open interest used in options trading?

Open interest is the number of outstanding contracts for a given security. It is used to measure the interest of an option contract. An option contract's open interest keeps varying based on how many traders are buying and selling it. The more traders entering into new contracts, the higher its open interest and the higher its liquidity.

Understanding Open Interest and Volume in Trading

  • The open interest is the number of contracts that are still open. Open interest is a measure of the number of outstanding contracts that have been bought or sold. Volume is a measure of how much has been traded in a given time period. A high volume in trading means that more many shares were traded on average for the given time period.