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ITC Open Interest Chart

ITC Option Chain  

OI OI chg CE LTP Trnd ohl Strike ohl Trnd PE LTP OI chg OI
18K 0K(0%) 52.60 (-%) 380 0.30 (-0.15%) 0K(0%) 453K
0K 0K(0%) - (-%) 385 0.45 (-0.10%) -3K(-0.88%) 360K
155K 0K(0%) 36.75 (-%) 390 0.55 (-0.20%) 3K(0.39%) 819K
286K 0K(0%) 41 (-%) 395 0.75 (-0.30%) 0K(0%) 429K
371K 18K(4.98%) 30.55 (1%) 400 1.15 (-0.35%) -10K(-0.55%) 1733K
142K 5K(3.49%) 26.30 (1.20%) 405 1.55 (-0.55%) -29K(-4.25%) 650K
259K -3K(-1.22%) 22.75 (1.70%) 410 2.25 (-0.65%) 94K(5.62%) 1773K
306K 3K(1.06%) 17.30 (0.25%) 415 3.20 (-0.75%) -42K(-3.85%) 1038K
1203K 2K(0.13%) 13.60 (0.10%) 420 4.45 (-0.95%) -64K(-3.63%) 1699K
1955K 6K(0.33%) 10.35 (-%) 425 6.20 (-1.05%) -93K(-3.97%) 2245K
5965K 5K(0.08%) 7.65 (-0.05%) 430 8.45 (-1.20%) 93K(2%) 4733K
4163K 142K(3.54%) 5.45 (-0.10%) 435 11 (-1.45%) 19K(0.71%) 2722K
6410K 90K(1.42%) 3.75 (-0.20%) 440 14.35 (-1.35%) 13K(0.75%) 1710K
1814K 42K(2.35%) 2.70 (-0.10%) 445 18.40 (-1.10%) -2K(-0.52%) 307K
6790K 102K(1.53%) 1.85 (-0.15%) 450 22.40 (-1.40%) 10K(1.08%) 898K
992K 42K(4.38%) 1.25 (-0.15%) 455 28.50 (0.60%) 0K(0%) 96K
2494K 91K(3.79%) 0.90 (-0.05%) 460 31.60 (-0.65%) -35K(-13.50%) 226K
1051K 46K(4.62%) 0.65 (-0.05%) 465 34.80 (1.90%) 2K(3.85%) 43K
1422K 5K(0.34%) 0.50 (-%) 470 42.40 (-0.05%) 0K(0%) 266K
339K -3K(-0.93%) 0.40 (-%) 475 - (-%) 0K(0%) 0K
1382K -29K(-2.04%) 0.35 (-%) 480 52 (-%) 0K(0%) 133K
Open Interest data is updated by the exchange every 3 minutes in many strikes, and every minute in some strikes. Real-time data on OI is not released by the exchange and no vendor or broker has real-time OI data

Open Interest (OI) strategy is a trading approach that uses open interest data to make informed trading decisions in futures and options markets. Open interest refers to the total number of outstanding derivative contracts (like options or futures) that have not been settled.


Key Open Interest Strategies

  1. Trend Confirmation
  • If price and OI are both increasing, it signals a strong trend continuation (bullish if prices are rising, bearish if prices are falling).
  • If price is rising but OI is falling, it suggests a weakening trend, meaning the rally may not sustain.
  • If price is falling but OI is rising, it indicates strong bearish momentum.
  1. Reversal Indication
  • If price is rising but OI is stagnant or declining, it may indicate an upcoming trend reversal.
  • If price is falling and OI is declining, it suggests short covering, meaning a potential bounce back in price.
  1. Breakout Trading
  • A breakout with high OI and volume suggests strong conviction behind the move.
  • A breakout with low OI may be a false breakout and could reverse.
  1. Support & Resistance Levels
  • High OI at a certain strike price in options can act as strong support or resistance levels.
  • Unwinding of positions (drop in OI) near key levels may indicate a breakout or breakdown.

Practical Use of OI in Options Trading

  • Put-Call Ratio (PCR): High PCR (above 1) suggests excessive put buying, which may signal oversold conditions. Low PCR (below 0.5) suggests excessive call buying, which may indicate an overbought market.
Open Interest Analysis :
LBld=>LONG BUILDUP (More Call/Put Buying)=> Increase in price with increase in OI . It means people are taking positions assuming price will go up.
LUnw=>LONG UNWINDING => Fall in price with fall in OI. This shows Long positions are now getting exhausted and people are starting to book profits , assuming rally is about to over.
SBld=>SHORT BUILDUP (More Call/Put Writing)=> Fall in price with increase in OI. It means people are taking short positions , assuming price will go down.
SCov=>SHORT COVERING => Increase in price with fall in OI. Short positions are getting decreased and people are booking profits and expecting reversal.

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Warning! Data is Not Realtime. Data is 1 min delayed. Realtime Trading is not recommended with this data.