Option Chain Screener
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Understanding the Option Chain Screener
The Option Chain Screener helps you analyze option contracts by filtering on expiry, contract type (CALL/PUT), and screener criteria. It shows key metrics like price, open interest (OI), implied volatility (IV), volume, and their changes to help you spot trading opportunities.
- Expiry: Select the expiry date for option contracts you want to analyze.
- Type: Choose between CALL, PUT, or ALL contracts.
- Screener: Pick a screener filter for quick analysis (e.g., OI Gainers, Price Gainers, IV Rise, ITM/OTM, Build Up, etc.).
- Click Apply Filters to update the table with your selected criteria.
- Symbol: The contract symbol (stock or index).
- Type: CALL or PUT option contract.
- Strike: Strike price of the option.
- LTP: Last traded price.
- %Day change: Percentage change in price.
- Vol contracts: Volume of contracts traded.
- TTV (cr): Total traded value in crores.
- OI / OI change / %OI: Open Interest and its change.
- IV / %IV: Implied Volatility and its change.
- Build up: Indicates build up type (Long/Short/Unwinding/Covering).
- OI Gainers/Losers: Find contracts with significant open interest changes.
- Price Gainers/Losers: Spot contracts with strong price movement.
- IV Rise/Fall: Analyze contracts with notable changes in implied volatility.
- ITM/OTM: Filter contracts that are in/out of the money.
- Build Up/Unwinding: Detect long/short build up, unwinding, and covering patterns.
- Start with screener filters for quick insights, then combine multiple filters for deeper analysis.
- Compare OI, price, and IV changes together for better market sentiment detection.
- Use build up and ITM/OTM filters to confirm strength of moves.
- Paginate through results for broader market coverage.
- Combine screener results with your own technical and fundamental analysis.
Risk Disclaimer: This tool is for educational and analytical purposes only. Always combine
with
other technical and fundamental analysis before making trading decisions. Past performance does not
guarantee
future results.
