Option Chain
Learn to read an option chain by trading it.
ZeroStake's Option Chain shows calls and puts by strike and expiry for five Indian indices and six MCX commodities. Pick the columns you read: OI, change in OI, volume, IV, the Greeks and more. The OI summary and max pain sit on top. Open any strike and trade it with virtual money.
- See where traders hold positions before you pick a strike.
- Show only the columns you read.
- Go from reading the chain to placing the trade on one screen.
The strikes scroll by: calls on the left, puts on the right.
A tap on a premium opens the contract sheet.
The sheet closes, and the chain comes back.
One tap brings the chain back to the ATM strike.
Coverage: OI, volume, IV, the Greeks, support and resistance are on every account. Other columns, such as change in OI, bid and ask and buildup, need ZeroStake Pro, an optional plan in the app.
What you can do
Switch the chain
Open NIFTY 50, BANK NIFTY, FINNIFTY, MIDCAP SELECT or SENSEX, or an MCX chain for Crude Oil, Gold, Silver, Natural Gas, Copper or Zinc.
Pick your columns
Choose from OI, change in OI, volume, IV, the Greeks, bid and ask, breakeven, buildup and more.
Read the OI summary
Check total call and put OI, PCR and a sentiment label from Bearish to Bullish.
Find the levels
See max pain, support and resistance for the expiry you picked.
Go back to ATM
Recentre the chain on the at-the-money strike with one tap.
Build a basket
Pick strikes and send them together as one basket order.
Questions, answered.
Read all questionsWhat does buildup mean in an option chain?
Buildup compares the price change with the OI change. Price up with OI up is long buildup. Price down with OI up is short buildup. Price up with OI down is short covering, and price down with OI down is long unwinding.
Does a high PCR mean the market will go up?
Not on its own. A high PCR means more put OI than call OI. Traders read it in different ways, so use it as one input with price and OI.
Which option chains does ZeroStake have?
NIFTY 50, BANK NIFTY, FINNIFTY, MIDCAP SELECT and SENSEX, plus MCX Crude Oil, Gold, Silver, Natural Gas, Copper and Zinc.
Can I trade straight from the option chain?
Yes. Tap a strike to open the contract, then buy or sell. You can also pick several strikes and send them together as a basket.