Option Chain Screener
PCR AnalysisOI & IV ScreeningMultiple Stocks
Advanced Screener
27-Feb-2025
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Option Chain Screener
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Complete Guide to Options Trading & PCR Analysis
Professional Options Trading NoticeOptions trading involves significant risk and requires thorough understanding of market dynamics. PCR analysis, implied volatility, and option chain data are sophisticated tools requiring proper education and risk management. All analysis is for educational purposes. Consult qualified financial advisors.
What is Options Trading & Why Use PCR Analysis?
Options trading provides the right (but not obligation) to buy (call) or sell (put) stocks at specific prices before expiration. Professional traders use Put-Call Ratio (PCR) analysis to gauge market sentiment and predict price movements. PCR measures the ratio of put volume to call volume, indicating whether traders are positioning for market declines (high PCR) or advances (low PCR).
Leverage & Capital EfficiencyControl large stock positions with smaller capital outlay
Market Sentiment AnalysisPCR reveals institutional and retail positioning patterns
Risk Management ToolsHedging portfolios and defining maximum loss scenarios
Professional PCR Analysis & Market Sentiment Interpretation
PCR Levels & Market Sentiment
High PCR (Above 1.5) - Bearish Sentiment
Excessive put buying indicates fear and potential oversold conditions. Often signals contrarian bullish opportunity when extreme.Trading Signal: Look for reversal setups when PCR > 2.0 combined with technical support levels and oversold RSI.Neutral PCR (0.8-1.2) - Balanced Market
Balanced put-call activity suggests neutral sentiment and sideways market conditions. Range-bound trading likely.Trading Strategy: Use range trading strategies, sell premium through straddles/strangles in low volatility.Low PCR (Below 0.6) - Bullish Euphoria
Excessive call buying indicates greed and potential overbought conditions. Contrarian bearish signal when extremely low.Warning Signal: PCR < 0.5 suggests market top, consider profit taking and protective puts for portfolios.Advanced PCR Trading Strategies
1
PCR Divergence AnalysisCompare individual stock PCR with market PCR (Nifty/Bank Nifty). Stocks with divergent PCR often lead market reversals.
2
Volume-Weighted PCRFocus on PCR with high volume confirmation. High volume PCR extremes provide stronger reversal signals than low volume ones.
3
Intraday PCR MomentumTrack PCR changes during market hours. Sudden PCR spikes during market stress often mark intraday reversal points.
4
PCR + Technical ConfluenceCombine PCR extremes with technical levels (support/resistance), RSI divergences, and volume patterns for high-probability setups.
PCR Analysis Best Practices
- Use PCR as sentiment gauge, not standalone trading signal
- Combine with price action and volume for confirmation
- Focus on extremes (PCR > 1.5 or < 0.6) for reversal signals
- Monitor both individual stock and index PCR for context
- Consider time decay impact on options volume patterns
Implied Volatility Strategies & Option Chain Analysis
Understanding Implied Volatility (IV)
High IV Environments (Above 30%)
Market expects significant price movement. Options are expensive. Ideal for premium selling strategies and volatility selling.Strategies: Sell straddles, strangles, iron condors
Market Conditions: Earnings, news events, uncertainty
Risk: Large directional moves against position
Low IV Environments (Below 15%)
Market complacency, options are cheap. Ideal for buying strategies and preparing for volatility expansion.Strategies: Buy calls, puts, long straddles
Opportunity: Position for volatility expansion
Risk: Time decay if no significant move occurs
IV Skew Analysis
Compare call vs put IV. Higher put IV (fear premium) suggests bearish sentiment. Call IV bias indicates bullish positioning.Normal Skew: Puts trade at higher IV than calls
Reverse Skew: Calls higher IV (rare, very bullish)
Flat Skew: Equal IV suggests balanced sentiment
Professional Option Chain Interpretation
Open Interest (OI) Analysis:High OI strikes act as support/resistance. Max pain theory suggests prices gravitate toward strikes with highest total OI to maximize option seller profits.
Volume vs OI Divergence:High volume with low OI suggests day trading activity. High OI with low volume indicates established positions. Monitor changes for shifts.
ATM (At-The-Money) Focus:ATM options have highest gamma and time decay sensitivity. ATM straddle price indicates market's expected daily move (ATM price ÷ 16).
Greek Analysis Integration:Monitor delta for directional exposure, gamma for acceleration risk, theta for time decay, and vega for volatility sensitivity across strikes.
Option Chain Trading Rules
- Trade high volume strikes for better liquidity and spreads
- Avoid illiquid far OTM options with wide bid-ask spreads
- Monitor gamma risk in ATM positions near expiration
- Use OI buildup/reduction to gauge institutional activity
- Consider assignment risk for ITM short options near expiry
Professional Options Analysis & PCR Screening for Indian Markets
Advanced Option Chain Analysis & Implied Volatility Screening
Our comprehensive option chain screener provides real-time PCR analysis, implied volatility tracking, and open interest monitoring across NSE stocks. Professional traders use our advanced filtering to identify high-probability options trades, volatility opportunities, and sentiment shifts. Track ATM pricing, IV skew analysis, and institutional flow patterns for superior options trading performance in volatile Indian markets.
Key Options Features
- PCR Analysis: Real-time Put-Call ratio calculation with sentiment interpretation and reversal signals
- IV Screening: Implied volatility percentile tracking, skew analysis, and volatility expansion alerts
- Open Interest Analysis: OI buildup patterns, support/resistance identification, and max pain calculations
- Multi-Expiry Analysis: Cross-expiry comparisons and calendar spread opportunity detection
- Live Market Data: Real-time option chain updates with volume and price action integration
Professional Options Trading Applications
Institutional traders and sophisticated retail investors use option chain analysis for premium collection, volatility trading, and portfolio hedging. Our screener identifies high IV premium selling opportunities, low IV volatility buying setups, and PCR extremes for contrarian positioning. Perfect for managing complex options portfolios in the dynamic Indian markets.
Options Trading Applications
- Premium selling in high IV environments (> 30%)
- Volatility buying during low IV periods (< 15%)
- PCR-based contrarian positioning at sentiment extremes
- OI analysis for support/resistance level identification
- Portfolio hedging using protective puts and calls
Options Trading Keywords
Option chain analysisPCR analysis IndiaImplied volatility tradingOptions screener NSEPut call ratio signalsIV skew analysisOpen interest trackingOptions premium strategies
Professional Options Trading Techniques
Master institutional-grade options analysis strategies:
- IV Percentile Trading: Sell premium when IV > 80th percentile, buy options when IV < 20th percentile
- PCR Extreme Reversals: Contrarian positioning when PCR > 1.5 or < 0.6 with technical confirmation
- OI Delta Analysis: Track changes in call/put OI to identify institutional positioning shifts
- Volatility Surface Mapping: Analyze IV across strikes and expiries for arbitrage opportunities
- Greeks Portfolio Management: Balance delta, gamma, and vega exposure for optimal risk-adjusted returns
How to Use This Options Screener
Step-by-step guide for effective options analysis:
- Select Expiry: Choose appropriate expiration based on trade duration and theta decay considerations
- Analyze PCR Levels: Identify sentiment extremes and compare with historical PCR ranges
- Screen IV Conditions: Filter by IV percentiles to find premium selling or buying opportunities
- Examine OI Patterns: Look for support/resistance levels and institutional positioning clues
- Plan Risk Management: Set position sizes, profit targets, and stop losses before entering trades
Understanding the Option Chain Screener
The Option Chain Screener is a powerful analytical tool designed specifically for options traders. At its core, the screener aggregates and processes data for multiple stocks to compute key metrics such as the Put-Call Ratio (PCR), Implied Volatility (IV), and open interest. These metrics are essential for understanding market sentiment and making informed trading decisions.