Option chain: ek expiry, saare strikes, ek table.
Doosre naam: option chain, options chain, strike ladder, NSE option chain.
Ise kaise padhein
Beech mein strike ki list hoti hai. Ek taraf call ke liye us strike ka daam, us din kitna kaam hua, kitni positions khuli hain aur daam se nikala gaya volatility anumaan. Doosri taraf put ke liye wahi cheezein.
Isi wajah se chain ko upar se neeche padhna sabse kaam ka hota hai: kis strike par sabse zyada khula pada hai, aur kahan aaj sabse zyada kaam hua.
Zyadatar option reading yahin se shuru hoti hai, kyunki chain kisi strike ko akela nahi balki uske aas-paas ke strikes ke saath dikhati hai. Kisi ek strike par jama hua open interest aam taur par aise describe kiya jaata hai ki us level par bahut saari outstanding positions padi hain — isse zyada nahi.
Poori chain par put aur call ke open interest ka anupaat ek sentiment statistic ki tarah quote hota hai. Aur 2 bagal wale strikes ke premium ka farak har spread ka kachcha maal hai. Yeh sab positioning ka varnan hai. Aage kya hoga, iska varnan inme se koi nahi hai.
Chain ke dono sirey par patli trading wale strikes baithe hote hain. Unke daam aksar aise hote hain jin par asal mein kaam nahi ho sakta. Poori chain ko uske extremes se padhna aam taur par uski sabse kam bharosemand rows padhna hota hai.
Aur chain ek snapshot hai jo exchange apni cadence par publish karta hai. Din ke beech ka view aur din ke ant ke settled figures alag ho sakte hain. Isliye ek hi table ke 2 alag samay ke roop ko seedhe ek doosre ke saamne rakhna sambhal kar karna chahiye.
Yeh kya nahi batata
Sabse badi khuli position wale strike ko aksar 'yahan tak jayega' ya 'yahan ruk jayega' samajh liya jaata hai. Chain mein aisa kuch likha nahi hota. Woh ginti sirf itna kehti hai ki us strike par abhi bahut kuch khula pada hai.
Aur chain har pal badalti hai. Jo table subah kuch keh raha tha, dopahar mein wahi table kuch aur dikha sakta hai — bina kisi ke iraade badle.
Open interest har contract ko ek hi baar ginta hai, ek long ke saamne ek short. Isliye kisi strike par bada number yeh nahi batata ki uske peechhe kaun si taraf khadi hai. Ginti positions ki hai, logon ki ya unke iraadon ki nahi.
Experiment mein dekho
Option Chain — Ek din ki option chain padho. Har strike ka call aur put premium, intrinsic aur time value dekho, phir volume aur open interest ki ginti padho.
Jude hue concepts
Moneyness: strike kahan khada hai, bas itna.
Strike underlying ke abhi ke star ke muqaable kahan hai. Yeh sirf jagah batata hai, achha ya bura nahi.
Lesson kholo