QP
QuantPravah Options Terminal
OPTIONS PROMONTHLY EXPIRY: 27 OCT · AS OF 26 OCT
v4.0 BETA
Quant PravahQuant PravahQuant PravahMaster institutional options positioning, gamma wall dynamics, and pin settlement math
Open Interest (OI) is the total number of outstanding option contracts that haven't been closed yet. Think of it as counting how many 'bets' are currently active in the market. More bets at a specific price = more important that price level is.
Open Interest (OI) is the total number of outstanding option contracts that haven't been closed yet. Think of it as counting how many 'bets' are currently active in the market. More bets at a specific price = more important that price level is.
OI increases when a new buyer AND a new seller create a fresh contract. OI decreases when an existing buyer AND seller close their positions. OI stays the same when an existing holder sells to a new buyer (position transfer). This is different from Volume, which counts every transaction regardless.
In QuantPravah, when you see Put OI of 5.4 Lakh contracts at NIFTY 25,200 — that means 540,000 active contracts are betting that NIFTY stays above 25,200. The institutions who sold these Puts will lose money if NIFTY falls below 25,200, so they actively defend this level.