Option Chain

What is an Option Chain?

A list which shows all available option contracts for a given security with their specific features is known as an option chain. The list shows all available calls and puts with their expiration, strike prices, volume, and pricing information for a given security within a given maturity period.

How to access the Option Chain of an Index?

On the dashboard, you will find Market Indices section which displays various indices. Right below every market index, you will find “Option Chain” which can be clicked to view the option chain of the given index.

How to access the Option Chain of Stocks

Go to the market watch and add any F&O symbol in the market watch. Click on the symbol to access detailed page like Bid/Ask, Day high/low etc. Same page in the bottom you can find link to access option chain

What are Option Greeks?

Option greeks are mathematical derivatives that give the relation of option price to various factors like price of underlying, implied volatility, time to maturity etc.

Why are Theta, Vega, Gamma common for Call and Put options in the option chain?

In the case of theta, vega, gamma, we make use of out of the money calls and out of the money puts to calculate a single number for each strike price as due to arbitrage, there can't be more than one value for each greek other than delta.

What does RED and Green Bar signify in the option chain?

The red and green bars indicate the OI for a particular strike price of calls and puts. The longer the green/red bar, the higher the OI.

Why are Option Greeks not plotted on Expiry day?

This is due to the way calculation is done by the data provider. They take the time to expiry as 0 on the day of expiry. Hence, the greek values are close to zero.

Can I Buy/Sell CE or PE options from Option Chain?

Yes, you can Buy sell PE or CE options from Option chain.
DOTS_BLOCK
Is your query still not addressed?
Raise a request through Paytm Money app
© Paytm Money Limited. CIN - U72900DL2017PLC323936. All Rights Reserved.
Registered with the Securities and Exchange Board of India (SEBI) as an Investment Advisor (INA100009859) and with Pension Fund Regulatory and Development Authority (PFRDA) as NPS ePOP (269042019).
SEBI Reg No. Broking - INZ000240532; Depository Participant - IN - DP - 416 - 2019 , Depository Participant Number: CDSL - 12088800,
Trading and clearing member of NSE (90165, M52073) and BSE(6707).

Registered Office: 136, 1st Floor, Devika Tower, Nehru Place, Delhi - 110019.
Operations Head office: The Hub, 8/2, Sarjapur Main Road, Ambulipura Village, Varthur Hobli, Bengaluru - 560103.

Investments in securities markets are subject to market risks, read all the related documents carefully before investing
Useful Links: 
Investor Grievance: 

Investments in securities market are subject to market risk, read all the related documents carefully before investing.


We collect, retain, and use your contact information for legitimate business purposes only, to contact you and to provide you information & latest updates regarding our products & services. We do not sell or rent your contact information to third parties. Please note that by submitting the above mentioned details, you are authorising us to Call/SMS you even though you may be registered under DND. We shall Call/SMS you for a period of 12 months.

Exchange disclaimer:"The Bombay Stock Exchange/National Stock Exchange of India Ltd is not in any manner answerable, responsible or liable to any person or persons for any acts of omission or commission, errors, mistakes and/or violation, actual or perceived, by us or our partners, agents, associates etc, of any of the Rules, Regulations, Bye-laws of the Bombay Stock Exchange, National Stock Exchange of India Ltd, SEBI Act or any other laws in force from time to time.


The Bombay Stock Exchange/National Stock Exchange of India Ltd is not answerable, responsible or liable for any information on this Website or for any services rendered by us, our employees, and our servants.

If you do not agree to any of the Terms and Conditions mentioned in this agreement, you should exit the site."

Risk:"Investments in securities market are subject to market risk, read all the related documents carefully before investing.

We collect, retain, and use your contact information for legitimate business purposes only, to contact you and to provide you information & latest updates regarding our products & services.

We do not sell or rent your contact information to third parties.

Please note that by submitting the above mentioned details, you are authorizing us to Call/SMS you even though you may be registered under DND. We shall Call/SMS you for a period of 12 months."

Attention to Investors:"No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remains in the investor's account.


Prevent Unauthorized Transactions in your demat account ; Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day


Prevent Unauthorised transactions in your account; Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile / email at the end of the day "

"Attention Investors!"


1. Beware of fixed/guaranteed/regular returns/ capital protection schemes. Brokers or their authorized persons or any of their associates are not authorized to offer fixed/guaranteed/regular returns/ capital protection on your investment or authorized to enter into any loan agreement with you to pay interest on the funds offered by you. Please note that in case of default of a member claim for funds or securities given to the broker under any arrangement/ agreement of indicative return will not be accepted by the relevant Committee of the Exchange as per the approved norms.


2. Do not keep funds idle with the Stock Broker. Please note that your stock broker has to return the credit balance lying with them, within three working days in case you have not done any transaction within last 30 calendar days. Please note that in case of default of a Member, claim for funds and securities, without any transaction on the exchange will not be accepted by the relevant Committee of the Exchange as per the approved norms.


3. Check the frequency of accounts settlement opted for. If you have opted for running account, please ensure that your broker settles your account and, in any case, not later than once in 90 days (or 30 days if you have opted for 30 days settlement). In case of declaration of trading member as defaulter, the claims of clients against such defaulter member would be subject to norms for eligibility of claims for compensation from IPF to the clients of the defaulter member. These norms are available on Exchange website at following link:
https://www.bseindia.com/static/investors/ Claim_against_Defaulter.aspx
https://www.nseindia.com/invest/about-defaulter-section


4. Brokers are not permitted to accept transfer of securities as margin. Securities offered as margin/ collateral MUST remain in the account of the client and can be pledged to the broker only by way of ‘margin pledge’, created in the Depository system. Clients are not permitted to place any securities with the broker or associate of the broker or authorized person of the broker for any reason. Broker can take securities belonging to clients only for settlement of securities sold by the client.


5. Always keep your contact details viz. Mobile number/Email ID updated with the stock broker. Email and mobile number is mandatory and you must provide the same to your broker for updation in Exchange records. You must immediately take up the matter with Stock Broker/Exchange if you are not receiving the messages from Exchange/Depositories regularly.


6. Don't ignore any emails/SMSs received from the Exchange for trades done by you. Verify the same with the Contract notes/Statement of accounts received from your broker and report discrepancy, if any, to your broker in writing immediately and if the Stock Broker does not respond, please take this up with the Exchange/Depositories forthwith.


7. Check messages sent by Exchanges on a weekly basis regarding funds and securities balances reported by the trading member, compare it with the weekly statement of account sent by broker and immediately raise a concern to the exchange if you notice a discrepancy.


8. Please do not transfer funds, for the purposes of trading to anyone, including an authorized person or an associate of the broker, other than a SEBI registered Stock broker.


9. Pay applicable upfront margin of the transaction value to trade in cash market segment.


10. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020, NSE/INSP/45534 dated August 31, 2020, NSE/INSP/45850 dated September 28, 2020 and vide notice no. BSE 20200731-7 dated July 31, 2020, BSE 20200831-45 dated August 31, 2020 and BSE 20200928-45 dated September 28, 2020, and other guidelines issued from time to time in this regard.


11. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.


12. Precautions for clients dealing in Options

Clients/investors dealing in options, are advised to avoid practices like:

a) Sharing of trading credentials – login id & passwords including OTP's.

b) Trading in leveraged products like options without proper understanding, which could lead to losses.

c) Writing/ selling options or trading in option strategies based on tips, without basic knowledge & understanding of the product and its risks.

d) Dealing in unsolicited tips through Whatsapp, Telegram, YouTube, Facebook, SMS, calls, etc.

e) Trading in “Options” based on recommendations from unauthorised/unregistered investment advisors and influencers.