FAQs:
What is the Option Chain feature on Upstox Pro?
The Option Chain feature provides detailed insights into strike prices, open interest (OI), and implied volatility (IV) for call and put options. It helps traders analyse market trends and identify trading opportunities.
How do I access the Option Chain on Upstox Pro?
Log in to your Upstox Pro account, search for a stock (e.g., HAL), and select the ‘Option Chain’ tab to view the data.
What data can I see in the Option Chain?
You can view strike prices, call and put OI, implied volatility, PCR (Put-Call Ratio), and price changes for each option.
Can I customise the Option Chain?
Yes, you can use the ‘Settings’ icon to reorder or rearrange key data points like strike prices or OI. Save your preferences for a personalised view.
How does the Option Chain help in trading decisions?
It identifies levels of significant market activity, such as strong support or resistance based on OI. PCR and IV trends can signal market sentiment and volatility expectations.
Can I trade directly from the Option Chain?
Yes, tap on a strike price to instantly open buy/sell options or place GTT orders for automated trades.
Is the Option Chain useful for both intraday and long-term traders?
Yes, the feature is designed for all types of traders, helping with quick intraday decisions or strategic long-term planning.
How can I use PCR (Put-Call Ratio) on the Option Chain?
PCR values indicate market sentiment. A PCR above 1 suggests a bearish trend, while below 1 suggests a bullish trend.
Does the Option Chain update in real-time?
Yes, the Option Chain provides real-time data to keep you updated with market movements.
Can I use the Option Chain for all stocks?
The feature is available for F&O (Futures and Options) stocks listed on NSE and BSE.