Nifty Option Chain Today: OI, IV & Greeks

9 in 10 individual F&O traders made net losses (SEBI).Risk disclosures on derivatives: 9 out of 10 individual traders in equity F&O incurred net losses.Read more

9 out of 10 individual traders in equity Futures and Options Segment incurred net losses.
On an average, loss makers registered net trading loss close to ₹50,000.
Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
Those making net trading profits incurred between 15% to 50% of such profits as transaction cost.

Source: SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment”, wherein aggregate level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22. SEBI’s latest study (August 2026) found that 87.7% of individual traders in equity derivatives made net losses in FY 2025-26.

About the option chain

The option chain lists every strike of an NSE index or stock option for the expiry you choose: calls on one side, puts on the other, with last price, open interest and its change, volume, implied volatility and the Greeks (delta, gamma, theta, vega) for each.

The header shows the put-call ratio, max pain, at-the-money IV and the futures price the chain is priced against. Prices update through the market session, 15 minutes behind the exchange as the data licence requires, and past sessions can be replayed minute by minute.

How it works

Choose the underlying. Nifty, Bank Nifty, the other index options, or any stock in the F&O segment.
Pick the expiry. Weekly or monthly; the chain centres on the at-the-money strike.
Read OI and IV. Open interest and its change show where positions are building; IV across strikes shows the smile.
Replay or build. Step back to any minute of a past session since 2018, or open the strategy builder to see a payoff.

Start here

Frequently asked questions

What is an option chain?

A table of every call and put option of one underlying and expiry, arranged by strike price, showing each contract's price, open interest, volume, implied volatility and Greeks.

How do I read open interest in the chain?

Open interest is the number of contracts still open at a strike. Large call OI above the price and large put OI below it show where many positions sit; the change in OI shows where they were added or closed today.

Is the option chain real-time?

It updates through the session but is 15 minutes behind the exchange, as the market-data licence requires. Each view shows the time its data is from.

What open interest means What max pain means What the put-call ratio means All F&O lessons

Derivatives are leveraged and can lose more than the premium or margin put in. Strategy results here are hypothetical. Past performance is not indicative of future results. Not investment advice. Jivani Markets is a technology platform, not a SEBI-registered investment adviser or research analyst.

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