What is OI Drops in Options Analytics?

What is OI Drops in Options Analytics?

OI Drops in Options Analytics highlights option strikes that are showing a sharp decrease in Open Interest (OI) over the selected time interval.

This view helps you identify where positions are being reduced or exited in the selected underlying and expiry. You can also place trades directly from this screen.

Available on FYERS Web and FYERS App.

What does OI Drops show?

OI Drops displays option strikes of the selected underlying and expiry where Open Interest has reduced significantly during the chosen interval.

The data is presented under two views:

  • Losers by OI – strikes with a notable decrease in Open Interest
  • Losers by premium – strikes with a sharp drop in option price (premium)

Each row typically shows:

  • Strike (CE/PE)
  • Last traded price and price change
  • Total Open Interest
  • Change in OI for the selected interval
  • Volume

Only strikes that meet internal significance criteria appear in this view.

How to use OI Drops

  • Identify where existing positions may be getting unwound
  • Spot loss of interest in specific strikes
  • Compare behaviour across call and put options
  • Understand whether the activity is shifting away from certain strikes

This view is useful for monitoring exits or reduced participation, and should be used along with the Option Chain and Market Depth for deeper analysis.

Steps to access OI Drops

On FYERS App

  1. Go to Options
  2. Tap Analytics
  3. Under OI statistics, tap OI Drops
  4. Choose the Underlying, Expiry, and Interval

On FYERS Web

  1. Go to Options
  2. Select Analytics
  3. Under OI statistics, click OI Drops
  4. Choose the Underlying, Expiry, and Interval

How to place trades from OI Drops

From any strike row, you can:

  • Tap/click B to place a Buy order
  • Tap/click S to place a Sell order
  • You can also use the 3-dot (⋮) menu to access:
    • Option chain
    • Market depth
    • Other available actions (depending on platform)

Example

If a particular option strike shows a noticeable reduction in Open Interest during the selected interval, it will appear under Losers by OI in OI Drops.

Important notes

  • OI Drops shows only strikes with significant reductions in OI or premium
  • Not all strikes will appear at all times
  • A strike may move in or out of this list as market activity changes
  • Appearance in OI Drops does not indicate a trade recommendation
  • Always review price action and market depth before placing orders

Last updated: 26 Dec 2025