NIFTY Option Chain

Expiry:

Spot Price

22,555.75

Put/Call Ratio (PCR)

0.89

Bearish bias

Max Pain

22,550

expiry magnet

Key Support

21,500

highest PE OI

Key Resistance

23,000

highest CE OI

In-the-money (ITM) At-the-money (ATM)

Calls (CE)				Strike	Puts (PE)
OI (Contracts)	Chg OI	IV	LTP (₹)	Strike Price	LTP (₹)	IV	Chg OI	OI (Contracts)
0	+0	—	0.00	20,050	0.30	74.76	+1,925	2,750
0	+0	—	0.00	20,100	0.25	72.19	+1,293	1,651
0	+0	—	0.00	20,150	0.35	72.83	+398	493
0	+0	—	0.00	20,200	0.30	70.41	+729	855
0	+0	—	0.00	20,250	0.45	71.50	+472	611
0	+0	—	0.00	20,300	0.45	70.01	+319	773
0	+0	—	0.00	20,350	0.25	65.05	+475	566
0	+0	—	0.00	20,400	0.30	64.63	+767	1,122
0	+0	—	0.00	20,450	0.30	63.19	+431	654
0	+0	—	0.00	20,500	0.35	62.60	-50,542	57,718
0	+0	—	0.00	20,550	0.25	59.36	-805	2,021
0	+0	—	0.00	20,600	0.25	57.94	-2,844	15,349
0	+0	—	0.00	20,650	0.25	56.52	-196	1,115
0	+0	—	0.00	20,700	0.30	56.00	-3,184	4,863
0	+0	—	0.00	20,750	0.30	54.56	-95	1,394
0	+0	—	0.00	20,800	0.30	53.13	-33,099	15,193
0	+0	—	0.00	20,850	0.30	51.69	+449	2,167
0	+0	—	0.00	20,900	0.40	51.61	-2,617	5,975
0	+0	—	0.00	20,950	0.40	50.14	+94	3,235
147	+87	—	1,552.20	21,000	0.55	50.21	-34,518	53,364
0	+0	—	0.00	21,050	0.45	47.75	-173	3,035
0	+0	—	0.00	21,100	0.65	48.02	-1,388	10,852
0	+0	—	0.00	21,150	0.65	46.49	-1,273	3,079
2	+2	—	1,359.70	21,200	0.50	43.76	-7,192	23,055
0	+0	—	0.00	21,250	0.65	43.43	-421	10,052
0	+0	—	0.00	21,300	0.70	42.23	-19,436	23,045
0	+0	—	0.00	21,350	0.65	40.36	-3,256	10,588
23	+3	—	1,149.55	21,400	0.80	39.72	-8,805	40,218
33	+27	—	1,094.60	21,450	0.70	37.59	-1,240	10,969
269	-36	—	1,052.25	21,500	0.90	37.08	+78,597	2,26,555
6	+0	29.21	1,181.35	21,550	1.00	35.93	+4,609	21,109
73	-2	—	960.00	21,600	0.90	33.90	+14,849	61,832
220	+43	—	902.25	21,650	1.15	33.28	+4,993	22,364
211	-1	—	856.00	21,700	1.20	31.81	+9,178	71,765
131	+18	—	805.65	21,750	1.25	30.31	+10,915	35,272
595	-47	—	757.15	21,800	1.20	28.50	+17,775	1,02,662
382	+14	—	706.20	21,850	1.35	27.25	+19,810	50,566
526	-73	—	656.20	21,900	1.45	25.81	+41,227	1,14,648
489	+55	—	604.30	21,950	2.00	25.24	+21,992	50,792
6,277	-5,660	—	555.00	22,000	2.50	24.27	+41,922	1,96,668
800	+22	—	505.90	22,050	3.20	23.36	+20,124	47,894
2,811	-772	—	456.65	22,100	3.55	21.83	+41,647	99,129
2,017	+264	—	406.55	22,150	4.75	20.99	+21,105	61,664
8,620	-4,319	—	359.95	22,200	6.40	20.14	+40,126	1,40,208
5,270	-1,912	11.09	312.20	22,250	8.50	19.19	+44,028	73,834
15,049	-34,083	14.41	266.30	22,300	12.75	18.81	+21,053	1,46,769
9,135	-7,500	14.84	221.35	22,350	18.00	18.15	+42,817	79,124
35,501	-19,327	15.18	179.60	22,400	25.85	17.65	+1,11,050	1,76,214
27,555	-7,825	15.32	141.35	22,450	37.55	17.36	+61,017	93,234
1,21,194	+15,249	15.40	107.55	22,500	53.65	17.19	+1,12,545	1,88,172
99,618	+32,569	15.58	79.50	22,550	74.15	16.98	+64,285	80,253
1,63,809	+70,126	15.51	55.65	22,600	101.15	17.12	+39,364	78,028
1,00,082	+1,720	15.25	36.35	22,650	132.45	17.15	+6,916	17,717
1,71,193	+22,439	15.29	23.25	22,700	169.40	17.50	-6,786	33,752
94,678	+32,446	15.43	14.45	22,750	211.45	18.39	-963	10,922
2,21,193	+83,607	15.51	8.50	22,800	254.70	18.93	-7,751	20,070
96,413	+44,819	15.94	5.30	22,850	302.95	20.83	-2,042	3,513
1,72,301	+63,656	17.03	4.00	22,900	350.15	22.02	-5,111	7,781
72,532	+23,819	17.85	2.85	22,950	399.70	24.13	-1,368	5,568
2,25,585	+13,820	19.14	2.40	23,000	448.55	25.75	-9,499	16,098
69,827	+16,168	20.41	2.05	23,050	499.80	28.68	-3,625	3,579
1,30,004	+35,345	20.93	1.40	23,100	546.00	28.34	-9,681	6,983
44,579	+5,894	22.21	1.25	23,150	595.50	29.99	-638	1,346
1,26,471	-19,306	23.55	1.15	23,200	650.10	35.35	-1,598	5,538
51,299	+20,071	24.82	1.05	23,250	697.50	35.59	-277	3,879
1,02,418	-22,779	25.49	0.80	23,300	744.35	34.81	-2,920	12,537
29,576	+1,664	26.55	0.70	23,350	794.25	36.60	-141	1,040
62,434	-15,915	27.77	0.65	23,400	844.15	38.35	-1,596	6,888
18,651	-1,213	30.12	0.85	23,450	899.50	45.16	-35	720
2,05,470	+13,209	30.88	0.70	23,500	946.95	44.92	-3,193	12,051
17,270	-7,773	31.46	0.55	23,550	1,001.25	50.50	-269	730
50,133	-19,872	32.51	0.50	23,600	1,045.00	46.64	-779	1,702
13,373	+355	33.51	0.45	23,650	1,095.00	48.45	-123	858
39,462	-20,460	34.85	0.45	23,700	1,145.40	50.72	-443	880
10,752	-5,896	35.76	0.40	23,750	1,210.90	65.33	-7	62
40,946	-23,287	36.59	0.35	23,800	1,247.00	56.12	-427	1,171
14,524	-925	37.88	0.35	23,850	1,323.70	76.99	-2	74
29,892	-13,288	39.17	0.35	23,900	1,347.00	59.73	-505	1,184
13,523	-329	40.45	0.35	23,950	1,392.00	54.39	-23	672
81,784	-88,970	41.72	0.35	24,000	1,447.00	63.30	-2,939	4,661
7,535	-1,348	42.38	0.30	24,050	1,505.10	73.01	-6	46
23,094	-14,857	43.62	0.30	24,100	1,545.40	64.76	-463	477
5,546	-952	44.86	0.30	24,150	1,610.05	80.75	-5	28
19,432	-19,498	45.35	0.25	24,200	1,647.75	71.22	-811	555
8,475	-650	46.56	0.25	24,250	1,680.00	—	-33	42
26,186	-17,702	47.77	0.25	24,300	1,745.20	71.24	-397	472
12,919	-1,076	48.97	0.25	24,350	1,785.00	—	-10	7
11,271	-14,503	49.22	0.20	24,400	1,845.00	74.26	-287	562
2,565	-384	51.36	0.25	24,450	1,849.90	—	-1	15
28,597	-33,865	52.54	0.25	24,500	1,947.35	80.98	-1,243	3,519
3,081	-83	52.72	0.20	24,550	1,790.00	—	+0	9
4,215	-14,533	54.90	0.25	24,600	2,027.10	—	-184	85
1,012	-774	56.07	0.25	24,650	2,091.45	75.22	-23	36
2,701	-2,156	57.24	0.25	24,700	2,144.00	82.25	-21	16
1,605	-224	59.33	0.30	24,750	2,266.60	126.59	+0	4
3,816	-2,158	58.47	0.20	24,800	2,278.50	118.79	-10	163
1,617	+623	62.51	0.35	24,850	2,480.00	178.63	+0	5
3,369	-538	61.87	0.25	24,900	2,440.00	144.82	+0	2
767	+87	64.87	0.35	24,950	1,475.85	—	+0	1
20,554	-12,440	64.16	0.25	25,000	2,450.00	101.18	-798	731
723	-74	65.30	0.25	25,050	2,530.00	129.42	-1	8
1,486	-759	66.43	0.25	25,100	2,550.00	104.47	-68	18
515	+16	67.56	0.25	25,150	0.00	—	+0	0
4,366	+117	67.45	0.20	25,200	2,640.00	86.78	-2	14
400	+220	71.83	0.35	25,250	2,600.00	—	+0	10
3,852	-729	69.66	0.20	25,300	2,700.00	—	+0	8
505	+224	74.98	0.40	25,350	2,750.00	—	+0	8
763	+101	75.26	0.35	25,400	2,840.00	92.41	-10	22
632	+364	76.39	0.35	25,450	0.00	—	+0	0
12,177	-366	76.52	0.30	25,500	2,945.70	110.25	-328	690
627	+277	77.63	0.30	25,550	0.00	—	+0	0
1,947	-215	78.74	0.30	25,600	2,443.05	—	+0	2
798	+121	77.27	0.20	25,650	3,160.00	170.72	+0	4
1,869	-663	78.35	0.20	25,700	2,575.00	—	+0	11
1,286	+161	80.84	0.25	25,750	2,830.00	—	+0	2
9,274	+681	81.93	0.25	25,800	3,310.00	176.51	-80	75

Option Chain Guide

• ITM (In-the-money) columns are highlighted in gold.
• The horizontal red and green bars behind the Open Interest (OI) numbers show the volume weight of the contract, helping you easily identify support (green) and resistance (red) levels.
• The row with the gold highlight represents the current ATM (At-the-money) strike price nearest to the spot index.

Learn More

Understanding the Nifty Option Chain

A comprehensive guide to analyzing derivatives data for better trading decisions.

What is an Option Chain?

An option chain is a comprehensive matrix that displays all available options contracts (Calls and Puts) for a specific underlying asset, like the NIFTY 50 index. It lists strike prices, premiums (LTP), implied volatility (IV), and critical data points like Open Interest (OI). Traders use the option chain to gauge market sentiment, identify support and resistance levels, and construct complex hedging strategies.

Key Indicators in the Nifty Option Chain

To effectively analyze the Nifty option chain, traders focus on several core metrics:

Open Interest (OI): The total number of outstanding derivative contracts. High OI at a specific strike price acts as a magnet for the underlying asset.
Support and Resistance: The strike price with the highest Call OI generally acts as a strong resistance level (ceiling), while the strike with the highest Put OI acts as a strong support level (floor).
Put/Call Ratio (PCR): Calculated by dividing total Put OI by total Call OI. A PCR above 1 indicates a bullish sentiment, while a PCR below 1 suggests a bearish outlook. Extreme PCR values (e.g., above 1.5 or below 0.5) often signal oversold or overbought conditions, ripe for a reversal.
Max Pain: The strike price at which option buyers lose the most money, and option sellers (writers) maximize their profits upon expiry. The market often gravitates toward this price as expiry approaches.
Implied Volatility (IV): A measure of the market's expectation of future price swings. High IV implies large expected moves (often downwards), while low IV suggests a calmer, consolidating market.

How to Trade using the Option Chain

Professional traders combine option chain data with technical analysis. For example, if Nifty is approaching a technical resistance level and the option chain shows a massive buildup of Call OI at that same strike, it confirms a high-probability reversal zone. Conversely, a sudden unwinding (reduction) of Call OI at resistance indicates "short covering," which often fuels aggressive breakout rallies.

Frequently asked questions

How often is the Nifty Option Chain updated?+

The data is refreshed automatically every few minutes during market hours directly from the NSE feed.

What does an increasing OI with rising price signify?+

This generally implies 'Long Buildup' in the market, suggesting a strong bullish trend.

Why is Max Pain important?+

Institutional option writers try to keep the expiry price near the Max Pain strike to minimize their payout to option buyers.

How is PCR calculated?+

Put Call Ratio is calculated by dividing the total Open Interest of Puts by the total Open Interest of Calls.