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ACC Open Interest

ACC Open Interest

ACC Open Interest shows the total number of contracts created by Buyers & Sellers which are unsettled in an Options contract. In Quantsapp, ACC Options OI is plotted in a graphical view separated for expiries, calls & puts, showing total ACC Open contracts on a strike price & the changes in OI levels from a time to anticipate the sentiments. The Bars highlighted in the Green color bar show Open Interest in a particular Call Option in ACC, whereas the Red color bars show the Open Interest in a particular Put option in ACC. The brightened/denser color tips of the bars show Open Interest has added on a particular strike, and the hollow/blank box on the tip of the bar shows us unwindings made on a particular Call/Put strike

How should we interpret the ACC Open Interest Data?

Though every Call or Put contract has both Buyer & Seller, Options OI Data is inferred from a Writers viewpoint as Sellers take a negative Reward to Risk & they have a fair understanding of the markets.

  • 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

More Open Interest=More Writers inference of the directional bias.

Actionable:

  • ACC Highest Call Open Interest Strike: Resistance. No unwinding in OI indication of stiff resistance via Call sellers being confident & holding the strike.

  • ACC Highest Put Open Interest Strike: Support. No unwinding in OI is an indication of stiff support & Put writer’s conviction of selling maximum Put.

  • Heavy writing on ACC ATM Calls hints about the expectation of immediate fall & immediate rise in the case of ACC ATM Put Writing.