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Usually, for each stock/index, there are several active option contracts at different strike prices. However, most of them are illiquid. At Moneyoga, we rank
call & put option contracts by how liquid they are (in terms of open interest), and chart only the top-5 most active calls & puts.
These strike prices are denoted as orange horizontal lines.
At each strike price, we plot the open interest (OI) as a vertical pink bar.
Note that OI is the number of "open" call/put option contracts that have not expired, been exercised or physically delivered.
If you move your mouse over any pink OI bar, the OI as well as the Traded Volume of the call/put contract is displayed as a tip, like so:
Note that the OI bars on both the call & put charts are scaled by the maximum OI on any day across all contracts - this allows you to easily compare OI across all strike prices.
Finally, for each of the strike prices shown, we also plot the maximum OI across all days - show as "Max OI: xyz" on the right side.
Notice that in the sample chart on the left, as the underlying price went up over time, the OI shifted from lower strike prices (600, 620) to higher strike prices (660, 700) for call options.
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