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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.