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SBIN Open Interest Chart

SBIN Option Chain  

OI OI chg CE LTP Trnd ohl Strike ohl Trnd PE LTP OI chg OI
35K 0K(0%) - (-%) 720 - (-%) 14K(0%) 644K
47K -2K(0%) 91 (-0.50%) 730 0.40 (-0.10%) 39K(2.26%) 376K
185K -1K(-4.55%) 82.65 (1.20%) 740 0.55 (-0.15%) -42K(11.58%) 1209K
403K -14K(-0.40%) 74.70 (3.45%) 750 0.75 (-0.20%) -71K(-3.36%) 1644K
195K 3K(-3.42%) 66.30 (4.30%) 760 1 (-0.35%) -29K(-4.15%) 1293K
155K 20K(1.56%) 57 (4.40%) 770 1.40 (-0.50%) 67K(-2.21%) 1853K
707K 62K(14.36%) 47.25 (3.55%) 780 2.05 (-0.70%) 20K(3.74%) 2141K
709K -147K(9.52%) 38.55 (3.45%) 790 3.15 (-1%) 36K(0.96%) 2048K
4499K -100K(-17.18%) 30.20 (2.85%) 800 4.80 (-1.50%) 121K(1.79%) 5744K
5497K -414K(-2.17%) 22.50 (2.05%) 810 7.35 (-2.05%) 32K(2.15%) 2937K
18949K 1378K(-7%) 16.15 (1.50%) 820 11 (-2.55%) -169K(1.08%) 3360K
6704K -197K(7.84%) 10.95 (0.95%) 830 15.60 (-3.30%) -4K(-4.78%) 971K
7976K -44K(-2.86%) 7.45 (0.60%) 840 21.75 (-3.95%) 49K(-0.38%) 724K
9614K 317K(-0.54%) 5 (0.30%) 850 29.40 (-3.95%) 32K(7.22%) 1738K
2210K -170K(3.41%) 3.55 (0.25%) 860 37.90 (-3.90%) 3K(1.89%) 288K
1382K -89K(-7.15%) 2.40 (0.15%) 870 46.45 (-4.85%) -1K(1.05%) 95K
1711K -17K(-6.02%) 1.60 (0.10%) 880 58.55 (-0.75%) 4K(-0.79%) 77K
671K -17K(-0.96%) 1.10 (-%) 890 65 (-3.95%) 0K(5.15%) 56K
5798K 52K(-2.40%) 0.85 (-%) 900 78 (-%) -2K(0%) 758K
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.