What do the different columns in the FYERS Option Chain mean?
At FYERS Options Chain helps you view and compare Call and Put option contracts across different strike prices. Each column shows useful information such as,
- LTP: Last traded price of the option contract.
- Bid / Ask: Best available buy and sell prices.
- Volume: Number of contracts traded during the day.
- OI: Total open option contracts.
- OI Chg: Change in open interest from the previous trading session.
- Delta: Expected change in option price for a 1-point move in the underlying.
- Gamma: Expected change in Delta when the underlying moves.
- Theta: Impact of time decay on the option value.
- Vega: Impact of implied volatility changes on the option price.
- IV: Market expectation of future volatility.
- ITM Prob: Estimated probability of the option expiring In The Money.
- PCR: Put-Call Ratio, used to compare Put-side and Call-side activity.
- Max Pain: Price level where the highest number of option contracts may expire worthless.
- Intrinsic Value: Value of the option based on the current underlying price.
- Time Value: Portion of the option premium above its intrinsic value.
- Breakeven Point: Price level where the option may break even at expiry, before charges and taxes.
- Intrinsic Value (FUT): Intrinsic value calculated using the futures price, where applicable.
- Time Value (FUT): Time value calculated using the futures price, where applicable.
- Probability of Profit: Estimated probability of the option expiring profitably based on the breakeven level. This is different from Probability of ITM, which only estimates the chance of the option expiring In The Money.
Steps to customise Options Chain columns
On FYERS App
- Open the FYERS App.
- Open Option Chain.
- Tap the Settings icon.
- Select or deselect the columns you want to view.
- Save or apply the changes to update the Options Chain.
On FYERS Web
- Open FYERS Web.
- Go to Options and select Option Chain.
- Click Filters.
- Select or deselect the columns you want to view.
- Click Save to update the Options Chain.
What If...
| Scenario | Solution |
|---|---|
| A column is not visible | Open Settings on the FYERS App or Filters on FYERS Web and enable the column. |
| The Options Chain looks crowded | Disable columns that are not required for your analysis. |
| Probability of Profit is different from Probability of ITM | This is expected. Probability of ITM estimates whether the option may expire In The Money, while Probability of Profit considers the breakeven level. |
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