How to Decode the NSE Option Chain

In the world of trading, it’s important to have a good understanding of the NSE Option Chain. An option chain is a tool traders use to monitor the price and other data points of a specific option. NSE, or National Stock Exchange of India, is one of the most significant stock exchanges and holds immense importance for Indian traders.

However, for those who are new to trading, the NSE Option Chain can seem like a complex world filled with unfamiliar jargon and a multitude of numbers and symbols that are difficult to decipher. But fear not – we’ve got you covered with this ultimate guide on how to navigate the NSE Option Chain for successful trading.

Understanding the NSE Option Chain

The first step towards successful trading is to understand the NSE Option Chain. It is essential to familiarize yourself with the various components of the Option Chain Nifty. Here’s a breakdown of what they mean:


The symbol is the name of the underlying asset. In the NSE Option Chain, this could be a stock, an index, or a future contract.

Expiry Date

The expiry date refers to the date when the option contract expires. After the expiry date, the option contract is no longer valid, and the premium paid for the option becomes worthless.

Strike Price

The strike price is the price at which the option contract can be exercised. When the option is exercised, the buyer has the right to buy or sell the underlying asset at the strike price.

Last Traded Price (LTP)

The last traded price refers to the price at which the option was traded last. This price is not indicative of the current market price, but it provides the most recent information about the movement of the underlying asset.

Open Interest (OI)

The open interest is the total number of contracts that are currently open in the market. This can provide insights into the current market sentiment for the underlying asset.

Change in OI

The change in open interest is the difference between the current open interest and the open interest on the previous trading day. This can provide insights into how traders are positioning themselves in the market.