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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%) - (-%) 385 0.20 (-0.10%) -29K(-8.82%) 298K
154K 0K(0%) 38.85 (-%) 390 0.30 (-0.05%) 32K(4.16%) 802K
189K 0K(0%) 36.90 (0.05%) 395 0.40 (-0.05%) -18K(-4%) 422K
405K -10K(-2.32%) 35.35 (2.90%) 400 0.60 (-0.10%) -11K(-0.54%) 2066K
136K 5K(3.66%) 30.55 (2.90%) 405 0.75 (-0.20%) -59K(-9.23%) 582K
258K 18K(7.33%) 25.95 (3%) 410 1.05 (-0.30%) 126K(7.01%) 1930K
306K -26K(-7.73%) 21.40 (2.60%) 415 1.50 (-0.45%) 11K(1.03%) 1099K
979K -93K(-8.66%) 17.15 (2.15%) 420 2.20 (-0.70%) 142K(7.53%) 2034K
1923K -93K(-4.60%) 13.20 (1.80%) 425 3.30 (-0.90%) -146K(-6.37%) 2141K
5723K -413K(-6.73%) 9.75 (1.50%) 430 4.85 (-1.30%) -19K(-0.39%) 4923K
5133K -99K(-1.90%) 6.95 (1.15%) 435 7 (-1.60%) -3K(-0.11%) 2910K
6678K 152K(2.33%) 4.80 (0.80%) 440 9.85 (-1.90%) 150K(8.45%) 1930K
2181K 98K(4.69%) 3.30 (0.60%) 445 13.30 (-2.25%) 6K(2.26%) 290K
7123K -222K(-3.03%) 2.30 (0.35%) 450 17.20 (-2.35%) -29K(-3.17%) 880K
984K 27K(2.84%) 1.50 (0.25%) 455 21.45 (-2.55%) 3K(3.23%) 102K
2451K 42K(1.73%) 1 (0.15%) 460 25.95 (-2.10%) 2K(0.79%) 205K
1037K -62K(-5.68%) 0.65 (0.10%) 465 30.60 (-3.95%) -3K(-7.41%) 40K
1370K -98K(-6.65%) 0.50 (0.05%) 470 38 (-0.10%) 0K(0%) 259K
395K 43K(12.27%) 0.35 (-%) 475 - (-%) 0K(0%) 0K
1213K -54K(-4.29%) 0.30 (0.05%) 480 44.70 (-2.20%) -16K(-11.76%) 120K
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.