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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 0.15 (-%) 2K(1.08%) 150K
0K 0K(0%) - (-%) 375 0.15 (-0.05%) -6K(-2.84%) 219K
75K 0K(0%) 38.25 (-%) 380 0.15 (-0.10%) -3K(-0.17%) 1834K
50K 0K(0%) 36.20 (2.70%) 385 0.30 (-0.05%) 2K(0.94%) 171K
179K -3K(-1.75%) 30.25 (1.25%) 390 0.35 (-0.15%) 16K(1.15%) 1402K
114K 8K(7.58%) 25.80 (1.80%) 395 0.45 (-0.20%) -42K(-6.15%) 635K
1403K 3K(0.23%) 21 (1.30%) 400 0.70 (-0.30%) -102K(-3.39%) 2920K
256K 10K(3.90%) 16.50 (1.25%) 405 1.15 (-0.45%) -34K(-2.46%) 1331K
918K -219K(-19.27%) 12.35 (1%) 410 1.95 (-0.70%) -280K(-7.83%) 3298K
2478K -528K(-17.56%) 8.70 (0.70%) 415 3.25 (-1%) 138K(4.31%) 3328K
11277K -643K(-5.40%) 5.70 (0.40%) 420 5.25 (-1.25%) 419K(7.74%) 5834K
6870K -117K(-1.67%) 3.55 (0.20%) 425 8.05 (-1.55%) -32K(-2.17%) 1445K
6722K 299K(4.66%) 2.15 (0.10%) 430 11.60 (-1.60%) -77K(-4.81%) 1518K
3075K 43K(1.42%) 1.20 (-%) 435 15.70 (-1.65%) -37K(-8.52%) 395K
5486K 274K(5.25%) 0.75 (-0.05%) 440 20.15 (-1.60%) -66K(-11.08%) 526K
1085K 8K(0.74%) 0.55 (-%) 445 27.05 (-0.10%) 0K(0%) 54K
3518K 104K(3.05%) 0.45 (0.05%) 450 29.95 (-1.70%) 37K(3.33%) 1141K
754K 75K(11.08%) 0.30 (-%) 455 34.65 (-1.35%) -2K(-4%) 38K
2259K 0K(0%) 0.25 (-%) 460 46 (-%) 0K(0%) 107K
250K 10K(4%) 0.20 (-0.05%) 465 - (-%) 0K(0%) 0K
1134K 18K(1.58%) 0.20 (0.05%) 470 51.50 (-%) 0K(0%) 203K
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.