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Help: Moneyoga Option Pages

Moneyoga's options charts are amongst the first to be introduced in India. Each options page has certain distinguishing parts:

Options Page Summary Panel

At the top of each options page, you will see a summary/navigation panel, such as this:

options page panel

The panel is composed of (from left to right):

  1. Price quote & date stamp for the underlying stock/index, and the current month future contract.
  2. NSE Code for the stock/index, and links to stock/index & futures pages at Moneyoga.
  3. Outgoing link to the NSE F&O page for this stock/index.
  4. Current month F&O period; in India, F&O contracts begin on the last Friday of one month, and expire on the last Thursday of the next month.

During each F&O contract period, there are active call & put option contracts with 3 expiry dates that are traded on the underlying stock/index. These are the 'near month', 'mid month', and 'far month' contracts respectively; the most actively traded being the 'near month'.

Given the relatively low liquidity in mid & far-month option contracts, Moneyoga only charts near-month (aka 'current month') call & put data.

Current Month Option Chain

We are glad to be the first to introduce live option chains for Indian stocks & indices.
option chain

The table of the left uses what is known as an option straddle format - it shows call & put option contracts for the same strike price on the same line.

For both calls & puts, we show the current option premium, and the previous day's volume & open interest - with the strike price in the middle.

Cells in green indicate that the corresponding call/put contract is 'in the money'.

For calls, this is when the current price of the underlying stock/index is more than the strike price. For puts, this is when the current price of the underlying stock/index is less than the strike price.

Note that this table shows only the current/near month call & put option data. But even those are illiquid for most stocks in India.

In that case, the volume & OI cells remain blank. But we do provide outgoing link to the corresponding option page at NSE.

This table is most useful to quickly understand the relative amount of interest in call vs. put options, and the strike prices that seem to be most preferred.

In our experience, this data is especially useful towards F&O expiry, to estimate where the underlying stock/index is likely to move on F&O expiry day.

Calls & Puts

option chart calls & puts

Each chart has 'current month' call option data on the left & put option data on the right. On both charts, the closing price of the underlying stock/index is shown in blue. Both charts have the same Y-axis scale.

If you move over your mouse on the blue line, the closing price of the underlying stock/index is displayed as a tip, like so:

option chart price mouseover

Each major-tick on the Y-axis corresponds to the actual strike price of active call & put options.


To learn more about call & put options, strike prices and such, please read this NSE article and this detailed tutorial.

Most Active Strike Prices, Open Interest & Volume

option chart strike prices, Open interest & Volume

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:

option chart OI & volume mouseover

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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