How to Read the Option Chain — Step-by-Step
How to read option chain columns — strikes, OI, chg OI, volume, IV, and buildup labels.
Columns That Matter
- Strike, LTP, OI, chg OI, volume, IV
- LB/SB/SC/LU buildup labels
- Ignore illiquid far OTM
First Read
Find spot. Compare call OI above vs put OI below. Beginner guide.
Frequently Asked Questions
- Who is this guide for?
- Nifty and Bank Nifty option traders who want structured education around chain reading, OI, and risk — not signal tips.
- Can I trade from this article alone?
- Use it as education paired with live analysis on OptionTools. Paper trade or size down while validating ideas.
Key Takeaways
- Spot vs OI peaks first.
- Chg OI + label beats raw OI.
- Liquid strikes only.
Related Articles
- Option Chain Explained: Reading Strikes, OI, and VolumeMaster the option chain layout — strikes, bid-ask, open interest, volume, and buildup labels for Nifty and Bank Nifty intraday analysis.
- Option Chain Cheat Sheet — OI, PCR & BuildupsQuick reference — price+OI matrix, PCR, max pain, buildup labels.