Option Max Pain, Open Interest, Put Call Ratio (PCR) and Security Wise Delivery Position are some of the key indicators which can help in anticipating the stock price movement and overall market direction. Put call ratio data is quite effective in forecasting the overall market direction and as per Option Maximum Pain theory, its possible to predict the exact strike price a stock or index would close at on expiry date. Similarly, Options Open Interest Data helps in identifying the trading range of nifty or a particular stock while Security Wise Delivery Position data can help investors predict the future stock price movements. When analysed together, Option Pain data, Put Call Ratio, and Open Interest data can give a fair hint about profitable trades. With Equityfriend option analysis dashboard, you can now visualize the Option Max Pain, identify the trading range, gauze overall market sentiment and predict future stock price movements in single window. Just choose the stock or index you want to analyse from the drop down below along with expiry and strike filters to plot and analyse Option Max Pain, Put Call Ratio and Open Interest. We have also given a Watchlist tab which lists stocks showing some interesting trends and worth keeping an eye on. The data of this dashboard is updated every End of Day. We would encourage you to watch the video at the bottom of this page as it will help you in harnessing the full potential of the dashboard.
A tutorial on how to use equityfriend Option Pain - PCR - Open Interest dashboard (In Hindi)