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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
0K 0K(0%) - (-%) 370 - (-%) 10K(0%) 158K
0K 0K(0%) - (-%) 375 0.20 (-0.05%) 3K(6.45%) 213K
19K 0K(0%) - (-%) 380 0.30 (-%) 454K(1.53%) 1694K
29K 6K(0%) 43 (-%) 385 0.40 (0.10%) 3K(36.65%) 102K
114K 30K(28.57%) 33.05 (-1.30%) 390 0.45 (-0.05%) 179K(3.23%) 1218K
66K 3K(36.54%) 28.25 (-1.45%) 395 0.70 (-%) 54K(17.26%) 534K
1110K 67K(5.13%) 23.85 (-1.30%) 400 1 (-0.05%) 296K(11.33%) 2560K
213K 64K(6.44%) 19.25 (-1.45%) 405 1.60 (-%) 122K(13.07%) 1029K
1117K 72K(43.01%) 15.20 (-1.30%) 410 2.45 (0.05%) 78K(13.40%) 3490K
2016K 338K(6.89%) 11.50 (-1.30%) 415 3.75 (0.10%) 205K(2.30%) 2547K
8907K 1723K(20.11%) 8.50 (-1.15%) 420 5.65 (0.15%) 210K(8.74%) 5229K
4088K 603K(23.99%) 5.85 (-1.15%) 425 8.25 (0.50%) 134K(4.18%) 1350K
6370K 370K(17.31%) 4 (-0.85%) 430 11.20 (0.60%) -32K(11.05%) 1485K
2794K 106K(6.16%) 2.65 (-0.55%) 435 14.80 (0.90%) -2K(-2.11%) 376K
4299K 1019K(3.93%) 1.75 (-0.35%) 440 18.50 (0.70%) -43K(-0.42%) 677K
979K 141K(31.07%) 1.10 (-0.30%) 445 22.85 (0.85%) 0K(-6%) 58K
3786K 323K(16.79%) 0.75 (-0.20%) 450 27.80 (1.30%) 24K(0%) 928K
402K 250K(9.33%) 0.55 (-0.15%) 455 32.65 (1.35%) 0K(2.65%) 40K
2152K 234K(164.21%) 0.45 (-%) 460 36.20 (-%) 0K(0%) 109K
66K -8K(12.18%) 0.25 (-0.05%) 465 40.60 (1.70%) 0K(0%) 0K
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.