Option Chain
Last updated
Last updated
Geojit Financial Services
How to view Option Chain for a Symbol
How is ATM, ITM, and OTM option displayed in an Option Chain
Placing a Multi-leg order from the Option Chain
"Option Chain" is a listing of all options for a specific Security that provides information on Price, Volatility and Other Metrics to help investors and traders make informed decisions.
To view "Option Chain" for any symbol with F&O, follow these steps:
Open your Watchlist and select an underlying security that is part of the F&O segment.
Click on the Security Name to access the Security Page.
On the top right corner of the Security page, locate the "Option Chain" Button.
Click on the "Option Chain" Button to view the different expiry contracts available, along with their respective expiration dates.
Select the desired Expiry Date to view the "Option Chain".
To increase "Number of Visible Expiry" for Option Chain, follow these steps:
Click on the "Option Chain" Button on the Security Page.
This will redirect you to the page that lists Open Expiries for the underlying.
By default, only contracts that are expiring in the next 60 Days will be visible.
This will open a pop-up where you can choose the Number of Days.
Once you have selected the number of days, it will show all Open Expiries for the next selected Number of Days.
To choose/change another "Expiry" in Option Chain, there are two options:
Find the "Expiry Date" above the Option Chain and click on the Date.
This will open a pop-up with all Open Expiries.
Click on the desired "Expiry" to open the Option Chain for that particular expiry.
This will take you back to the Expiry Date page.
From here, click again on the desired Expiry Date to open the Option Chain for that expiry.
To increase or decrease the number of "Visible Strikes" in an Option Chain, follow these steps:
Open the Option Chain for the desired Security.
Locate the "Strike" heading on the top row of the Option Chain.
The current number of "Visible Strikes" is always displayed below the "Strike" heading.
Click on the Strike to access a pop-up menu.
Select the desired Number of Strikes to view.
The number of Visible Strikes will automatically increase or decrease.
Please Note: The default Number of Visible Strikes provided on the platform is 12. For optimal performance, it is recommended to keep the Number of Visible Strikes at a lower number.
"At-The-Money" (ATM) options are options with a Strike Price that is equal to or nearly equal to the Current Price of the underlying asset.
These options are displayed with a "Blue Line" in the platform.
"In-The-Money" (ITM) options have a favorable Strike Price compared to the Current Price of the underlying asset.
A favorable Strike Price for Call Options is lower than the current price of the underlying asset, while a favorable strike price for Put Options is higher.
These options are displayed with "Blue Shading" in the platform.
"Out-of-The-Money" (OTM) options have an unfavorable Strike Price compared to the Current Price of the underlying asset.
An unfavorable Strike Price for Call Options is higher than the Current Price of the underlying asset, while an unfavorable Strike Price for Put Options is lower.
These options are displayed "Without Shading" in the platform.
To place a "Multi-leg Order" from the Option Chain, follow these steps:
To place a "Multi-leg Order", navigate to the Option Chain.
Click on the Bid or Ask Price of a strike on either the Call or Put side. This will open the Sell or Buy order page for that Strike.
You can place up to "Four Orders" with this open page.
The default Order Quantity is "One Lot", and the net premium for the Multi-leg Order is displayed.
A Positive or Green Net Premium indicates that you will pay the premium to execute the trade, while a Negative or Red Net Premium represents the premium you will collect when the trade is executed.
To Remove only "One Selected Strike", simply click on the Selected Strike on the Option Chain to remove it from the Order Book.
This will automatically update the Net Premium Figure and Quantity displayed in the Option Chain.
To Edit the Order Type and Product Type, click on the "Edit" Button on the Order page.
This will redirect you to the "Multi-leg Order" details page.
Make necessary changes and click on "Review" and "Send".
This will take you to the Confirmation Page where you can "Review" all the details before sending the order to the Exchange.
Please Note: You can check the Execution Status of the order in the Order Book.
To increase the number of Visible Expiry, click on the "Calendar" Icon on the top.
Click on the "Back Arrow" on the top of the option chain page.
To remove "All Selected Strikes", click on the "Delete" Icon on the order screen.
You can click on the "Maximize Arrow" Icon to see more order details, including the option to change the Order Quantity and Price.
