Open interest dashboard for the NSE options market
The OI Dashboard provides an overview of open-interest changes, put-call ratios and options activity across the displayed market. Use it to identify underlying symbols for a more detailed strike-and-expiry review.
Check the universe and timestamp, compare OI changes with volume, then open the individual chain to inspect price and IV. Aggregate OI cannot establish participant identity or directional intent. PCR extremes, strike concentrations and unusual-activity flags are observations to investigate, not validated trade signals or strategies with an assumed win rate.
What does the OI dashboard show?
The aggregate state of open interest across NSE indices, stocks and commodities: which symbols are building or unwinding positions, PCR readings with sentiment context, volume activity, and unusual options movement flagged against recent baselines — one page for the whole options market's positioning.
How is the OI dashboard different from per-symbol OI analysis?
Per-symbol analysis goes deep on one chain; the dashboard goes wide across all of them. It answers market-level questions — where is positioning concentrating, what is the aggregate PCR doing, which names show unusual activity — before any single symbol is chosen for the deep dive.
How often does the dashboard refresh?
Continuously during NSE market hours, with each panel carrying its own last-update timestamp; outside hours it presents the most recent session's closing state.
Related JustTicks tools: OI Analysis, Options Pulse, Big OI Movement
Open Interest Dashboard
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Market Analysis
Market Pulse
Trend Insights
Pro Trading Tips
Bullish Signals
Look for Low PCR (<0.7), Call OI increasing, and Long Build Up patterns
Bearish Signals
Watch for High PCR (>1.5), Put OI increasing, and Short Build Up patterns
Risk Management
Always check IV before trading. High IV means expensive options and a high-IV reading
Master Options Open Interest Analysis
Open Interest Analysis
Track positioning shifts and options flow
PCR Intelligence
Advanced Put-Call Ratio for sentiment analysis
Greeks Analysis
Delta, Gamma, Theta, Vega risk assessment
Market Sentiment
Bullish/Bearish positioning detection
Professional OI Trading Strategies
Analysis approaches to investigate. OI cannot identify participant intent, and these examples have no validated win rate.
🎯 OI Support/Resistance
Test OI concentrations against actual price reactions
🚀 PCR Contrarian Strategy
Compare PCR extremes with history and price action
🏆 Build-Up Analysis
Read option premium and OI changes with IV and the underlying
⚡ Unusual Activity Alerts
Investigate unusually large changes in outstanding contracts
🎨 Greeks-Based Hedging
Use Delta/Gamma for portfolio hedging
🏛️ Max Pain Theory
Compare the minimum-payout strike with spot; it is not a price target
Options Trading Knowledge Center
What is Open Interest (OI) and why is it important?
Open Interest (OI) represents the total number of outstanding options contracts that have not yet been closed or exercised. It's a crucial metric that indicates the liquidity and activity level in options contracts.
- High OI: Indicates strong interest and liquidity in that strike price
- Increasing OI: New positions are being created (fresh buying/selling)
- Decreasing OI: Positions are being closed or exercised
- OI vs Volume: Volume shows daily activity, OI shows total outstanding positions
How to interpret Put-Call Ratio (PCR)?
Put-Call Ratio (PCR) is calculated as Total Put OI / Total Call OI for the selected scope. It measures positioning concentration. Buying, writing, hedging and spreads can all affect it; thresholds alone do not establish direction or predict reversals.
PCR > 1.5 (Higher put OI)
Put OI is relatively high. This can reflect hedging, buying or writing; price confirmation is needed.
PCR 0.7 - 1.5 (Middle range)
This range does not establish balanced sentiment or imply trend continuation.
PCR < 0.7 (Higher call OI)
Call OI is relatively high. It does not establish optimism or predict a bearish reversal.
Understanding Options Chain Analysis
Options chain analysis involves studying the distribution of open interest and volume across different strike prices to identify support, resistance, and market expectations.
Key Support/Resistance Levels:
- High call OI: possible resistance if writing and price rejection agree
- High put OI: possible support if writing and a price hold agree
- Max Pain = settlement level minimizing aggregate option intrinsic payout
- OI spikes show activity, not participant identity
Pattern Labels:
- Long Buildup: OI↑, option premium↑
- Short Buildup: OI↑, option premium↓
- Long Unwinding: OI↓, option premium↓
- Short Covering: OI↓, option premium↑
- Each open option contract has a buyer and seller. OI and premium changes cannot identify trade intent or distinguish hedges and spreads. Directional readings assume the underlying move drives the premium, with IV and time decay not dominating it: call premium gains may align with bullish price action and put premium gains with bearish price action; falling premiums suggest the reverse. Compare the same expiry and observation period.
How to use this OI Dashboard effectively?
Our OI Dashboard provides multiple screeners and analysis tools to help you make informed trading decisions. Here's how to use each feature effectively:
Screener Types
Best Practices
- Combine multiple screeners for confirmation
- Check historical data for context
- Monitor unusual activity alerts
- Use live data for intraday decisions
- Cross-verify with price action
- Consider implied volatility levels
- Watch for OI concentration at key levels
What are Options Greeks and how to use them?
Options Greeks measure the sensitivity of option prices to various factors. Understanding Greeks is essential for effective options trading and risk management.
Delta (Δ)
Price sensitivity to underlying movement. Call delta: 0-1, Put delta: 0-(-1)
Gamma (Γ)
Rate of change of Delta. Higher gamma = more price sensitivity
Theta (Θ)
Time decay impact. Always negative for long positions
Vega (ν)
Volatility sensitivity. Higher vega = more IV impact
Understanding Dashboard Columns
Symbol
The underlying stock or index symbol
Strike Price
The price at which the option can be exercised
Option Type
CE (Call European) or PE (Put European)
Last Price
The most recent traded price of the option
Change
Price change from previous close
% Change
Percentage change from previous close
Volume
Number of contracts traded today
Open Interest
Total outstanding contracts
OI Change
Change in OI from previous day
Implied Volatility
Market's forecast of likely price movement
Delta
Price change sensitivity to underlying movement
Gamma
Rate of change of Delta
Theta
Time decay per day
Vega
Sensitivity to volatility changes
PCR
Put-Call Ratio at strike level