Options Glossary
Nakshatra par dikhne wale NIFTY options terms ki saral Hinglish definitions — basics jaise open interest aur ATM strikes se le kar derived reads jaise max pain, VWAP break-even aur OI cohort exits tak.
- Open Interest (OI)
- Kisi strike par jitne option contracts abhi tak settle ya close nahi hue, unka total count. OI badhna matlab fresh positions ban rahi hain; OI girna matlab positions unwind ho rahi hain. Aur seekho →
- PCR (Put-Call Ratio)
- Total put OI ko total call OI se divide karke nikalta hai. High PCR bearish positioning dikha sakta hai (ya crowded put trade), aur low PCR thoda bullish lean hota hai. Aur seekho →
- Implied Volatility (IV)
- Market ki expectation ki underlying kitna move karega, jo option ki price se back out hoti hai. Zyada IV matlab premiums mehenge aur expected range wider. Aur seekho →
- Max Pain
- Wo strike jahan in-the-money calls aur puts ki combined value sabse kam hoti hai — yaani jahan option buyers, milke, expiry par sabse zyada lose karte hain. Expiry ke paas spot aksar isi taraf drift karta hai. Aur seekho →
- ATM (At The Money)
- Wo option jiska strike current spot price ke sabse paas ho. ATM options me time value sabse zyada hoti hai aur spot moves ke prati sensitivity bhi sabse high.
- ITM (In The Money)
- Wo option jiske paas intrinsic value ho — spot se neeche ka call, ya spot se upar ka put. ITM options mehenge hote hain kyunki premium ka ek hissa already real value hota hai.
- OTM (Out Of The Money)
- Wo option jiske paas intrinsic value na ho — spot se upar ka call, ya spot se neeche ka put. OTM premiums pure time value hote hain aur expiry ke paas sabse tezi se decay hote hain.
- Straddle
- Same ATM strike par call aur put dono ko buy (ya sell) karna. Combined premium market ka priced expected move hota hai us period ke liye — Insights tab par ek key read.
- BEP (Break-Even Point)
- Wo spot level jahan expiry par position break-even karti hai: call ke liye strike plus premium, put ke liye strike minus premium. Nakshatra din ke average buyer ke liye VWAP-based BEP nikalta hai.
- VWAP (Volume-Weighted Average Price)
- Din bhar volume se weighted option ki average traded price. Ye roughly batata hai ki typical buyer ne actually kitna pay kiya, jo break-even read ko anchor karta hai.
- OI Buildup
- Kisi strike par OI change aur price change ka pattern — long buildup, short buildup, long unwinding, ya short covering — jo hint deta hai ki smart money long position le raha hai ya short. Aur seekho →
- Cohort Exit
- Nakshatra ka inference ki ek din par open hui positions baad me kab unwind hoti hain, har OI drop ko short covering ya long liquidation me attribute karke — delta-adjusted premium move ka use karke. Ye dikhata hai kaun exit kar raha hai aur kitna. Aur seekho →
- FII (Foreign Institutional Investor)
- Indian markets me trade karne wali overseas institutions. Inka daily net buy/sell cash aur derivatives me ek closely watched directional signal hai. Aur seekho →
- DII (Domestic Institutional Investor)
- Indian institutions jaise mutual funds aur insurers. DII flows aksar FII flows ko counterbalance karte hain aur din ka net institutional bias shape karte hain. Aur seekho →
- Expiry
- Wo date jab option contract settle ho kar khatam ho jaata hai. NIFTY options ki weekly aur monthly expiries hoti hain; max-pain pull jaisa behaviour expiry ke paas tez ho jaata hai.
- NIFTY Option Chain
- NIFTY ke saare call aur put contracts ka poora grid, strikes aur expiries ke across — OI, volume, IV aur last price dikhata hai. Yahi raw data Nakshatra har 5 minute me snapshot karta hai. Aur seekho →