line
Use App
​
HomeOption Chain
NSE Option Chain

NSE Option Chain

Quick Links

Overview of NSE Option Chain

An NSE Option Chain shows all the available call and put options for a stock or index listed on the National Stock Exchange. It helps traders quickly view strike prices, premiums, open interest, and other data in one place.
The layout is divided into two sides: calls on the left and puts on the right. By studying this data, traders try to understand where the market might go.
It is a useful tool to plan trades, spot key levels, and manage risks based on price movement expectations.

What is CE & PE in NSE Option Chain?

In the NSE Option Chain, you'll often see two types of options: CE and PE. These stand for Call Option (CE) and Put Option (PE).
A Call Option (CE) gives the buyer the right to buy the underlying stock or index at a fixed price before a set date. Traders buy call options when they think the price will rise. For example, if someone expects Nifty to rise, they may buy a Nifty call option.
A Put Option (PE) gives the buyer the right to sell the stock or index at a fixed price before expiry. This is often used when the expectation is that the price will drop.
So, in simple terms:
  • Call Option (CE) = Profit when the price goes up
  • Put Option (PE) = Profit when the price goes down

Key Components of NSE Option Chain

When you open an NSE Option Chain, it might look confusing at first. But once you know what each column means, it becomes much easier to read and use.
Here are the key components of the option chain that you need to understand:

  • Strike Price: This is the price at which you can buy (call option) or sell (put option) the asset in the future. Traders choose strike prices based on how far they think the market will move.

  • Call Option (CE) and Put Option (PE): The left side of the table shows data for Call Options, and the right side shows data for Put Options. Each row on both sides relates to the same strike price.

    • Call Option (CE) gives the right to buy
    • Put Option (PE) gives the right to sell

  • Open Interest (OI): Open Interest shows how many option contracts are still active and not yet closed. High OI means many traders are interested in that level. A sudden increase in OI might mean new positions are being built.

  • Change in Open Interest: This shows how much the OI has increased or decreased during the day. If OI is rising with the price, it often means new money is coming in. If OI is falling, people may be exiting their positions.

  • Volume: Volume is the number of contracts traded on that day. More volume usually means more interest from traders.

  • Implied Volatility (IV): This is the market's view of how much the asset's price might change in the future. If IV is high, option premiums go up. If it is low, premiums drop.

  • Last Traded Price (LTP): It is the price at which the last trade happened for that option. It gives you an idea of the current value of that option.

  • Bid Price and Ask Price: Bid Price is the price a buyer is willing to pay. Ask Price is the price a seller wants. The difference between the two is called the spread. When a spread is smaller, it means better liquidity.

  • Net Change: It shows how much the price of the option has moved compared to yesterday's closing. Positive means it's up, negative means it's down.


Example of NSE Option Chain Data & How to Read It

To read it, start by locating the current spot price of the stock or index. Let's say you're looking at the option chain for NIFTY, and the current market price is around 19,850.
You notice the following entry:
Call OICall Change in OIStrike PricePut Change in OIPut OI
1,20,000+15,00020,000+30,0001,80,000
Here's how to read it:
  • Strike Price 20,000 is close to the current market level.
  • On the Call side, open interest is high and it's increasing. This suggests that many traders are selling calls at 20,000, expecting the price to stay below it.
  • On the Put side, even more traders are adding positions, which hints at support around this level.
By looking at this line, you can tell that 20,000 is acting as a key level. There seems to be resistance from call sellers and support from put buyers.
Reading such examples helps you spot strong zones where traders expect price movement to pause or reverse.

List of Indices in NSE Option Chain

So, here is a quick look at the indices available in the NSE Option Chain. These are not company stocks, but sets of stocks that represent a sector or segment of the market.
Index NameDescription
Nifty 50Tracks 50 large Indian companies across sectors
Bank NiftyFocuses on major banking stocks in India
Nifty Financial Services
(FinNifty)		Covers banks, NBFCs, insurance, and other finance firms
Nifty Midcap SelectIncludes mid-sized businesses from different sectors
Nifty Next 50Covers the companies ranked between 51st to 100th based on market cap across various sectors
These indices help traders focus on specific sectors or take a broader market view using options. Most trading activity happens in Nifty 50 and Bank Nifty due to their high liquidity.

List of Stocks in NSE Option Chain (Top 5 by Liquidity & Popularity)

When people talk about the "top" stocks in the NSE option chain, they usually mean the ones with lots of trades and open positions. These stocks are easier to buy and sell (less slippage), and you will see more action in their options.
From current market data and listings of F&O stocks, here are five stocks that are often among the most liquid and popular for options trading in India:
  • Reliance Industries: One of India's largest and most well‑known companies. Because many traders watch its movement, its options often see heavy volume and open interest.
  • HDFC Bank: A big name in banking in India. Options in HDFC Bank tend to be active, as everybody watches what major banks are doing in relation to the economy and interest rates.
  • ICICI Bank: As another leading private bank, it is often traded heavily. Its options are popular because it has enough volatility but also steady fundamentals.
  • Tata Motors: In the auto / industrial sector, Tata Motors is one of the names that sees consistent option activity. Because many investors have interests in autos, its option chain is also active.
  • Infosys: As a big tech / IT name, it gets attention whenever markets move. Its options get traded heavily when markets are sensitive to global tech trends, policy news, etc.
Note: These are not fixed forever. The "top 5" can change with market trends, sectoral shifts, or news events.

Understanding Expiries in NSE Option Chain

In options trading, expiry means the last day on which an options contract can be traded. After this date, the contract becomes invalid.
In the NSE Option Chain, understanding when different options expire is very important, especially if you're planning to trade weekly or monthly options.
Here's what you need to know:
Asset TypeExpiry FrequencyContracts AvailableNotesExpiry Date Rule (Current)
Nifty (Nifty 50 Index)Weekly, Monthly, Quarterly, Longer-termWeekly series + monthly + quarterly + further outVery actively traded. Weekly + monthly + quarterly contracts exist.Weekly expiry Tuesday of the week (for new contracts) from 1 Sept 2025 onwards. Monthly / quarterly on the last Tuesday of the month.
Other IndicesMonthly only, except for Bank NiftyOnly one monthly series per month (for indices other than Bank Nifty)Some indices (e.g., Bank Nifty, Midcap Select, etc) no longer have weekly expiries.Monthly expiry generally falls on the last Tuesday of the expiry month. For Bank Nifty, monthly, quarterly, and 6-month expiries also fall on the last Tuesday of the expiry month.
Stocks
(Individual Equities)		Monthly onlyOne expiry series per month for each eligible stockStock options do not have weekly or quarterly expiries like indices.Monthly on the last Tuesday of each month (for contracts following the new schedule)
Now you must be wondering when options contracts expire. What day of the month is it? Well, it's not just which day of the month, but also which weekday. The rules have changed recently, so this part is especially important.
In the past, many index and stock options expired on Thursdays (for example, the last Thursday of the month). But now, because of regulatory changes from SEBI and new exchange policies, expiry days are being adjusted.
For instance, from September 1, 2025, the new index expiry series (for Nifty) will use Tuesday as the expiry weekday (for weekly and monthly contracts).
Stock option expiries will also shift to Tuesday (for new contracts) from their earlier Thursday expiries.
If the scheduled expiry day is a holiday, the expiry is moved to the previous trading day.

Frequently Asked Questions (FAQs)

Look at Open Interest, Volume, Implied Volatility, Strike Prices, and changes in OI. These help you spot support, resistance, and where traders are active. High OI at certain strikes often shows strong interest at that level.

It gives a full view of market sentiment in one place. You can easily track where traders are placing bets, which helps in making short-term trading decisions. It is also free and updated in real time on the NSE site.

Some major ones are Nifty 50, Bank Nifty, Finnifty, Nifty Next 50, and Nifty Midcap Select. These are actively traded with weekly and monthly options available.

The data is updated live during market hours, roughly every few seconds. This helps traders act quickly based on real-time shifts in demand and sentiment.




Invest & Trade with a Trading
Platform That's #MadeForTrade

Open your Dhan Account in minutes!
Start Now
border
logo

Join our Community

community logo

Follow us on

twitter
telegram
Linkedin
youtube
instagram
facebook

built with love
for Indians who love to invest & trade

raise

We are part of Raise Financial Services

raise
raise

Explore  |  Sitemap


*All securities mentioned on this website are exemplary and not recommendatory.

*Current prices on the website are delayed by 15 mins, login to check live prices.

We are bullish on India, we are bullish on India's prospects to be one of the largest economies in the world. We believe that the stock market provides a unique opportunity for all of India's traders and investors to participate in the growth story of the country.

Yet, most investing & trading platforms in India have remained more or less the same over the past decade. Times have changed and retail traders and investors have become smarter about managing their trades and money. Modern traders & investors require an online trading platform that helps them keep up with the technological advancements of our time.

That's why we're building Dhan - to help you trade, to help you invest, and to help you participate in India's growth stock via the stock market with awesome features and an incredible experience.

We are doing so by giving you access to not just one but 6 products within the Dhan ecosystem:


This means that with Dhan, you'll be able to start:


Lakhs of users already trust Dhan for their online stock trading and investing needs. Dhan is growing rapidly because of the love we receive from SuperTraders and Long-Term Investors who acknowledge that the platform is innovating for them, building super useful features that help them do everything from investing in stock market to trading F&O like a pro on the Tradingview charts and much more.

While we are growing, we will always remember why we started building in the first place - you. Our user-first approach will always be at the heart of our philosophy. Come join us on this incredible journey!

Try it out, you can close your account at anytime using this link.

©2021-2025 Raise Securities Private Limited (formerly Moneylicious Securities Private Limited). All rights reserved. CIN: U74999MH2012PTC433549 Raise Securities is part of Raise Financial Services.

SEBI Stock Broker Registration No: INZ000006031 | Depository Participant (CDSL) ID: IN-DP-289-2016 | SEBI Research Analyst Registration No: INH000023357
Exchange Membership No. : NSE: 90133 | BSE: 6593 | MCX: 56320
Registered & Corporate Office: Unit No. 2201, 22nd Floor, Gold Medal Avenue, S.V. Road, Beside Patel Petrol Pump, Piramal Nagar, Goregaon West, Mumbai – 400104, Customer Care: 9987761000.

Details of client bank account

For any query / feedback / clarifications, email at help@dhan.co.

In case of grievances for any of the services rendered by Raise Securities Private Limited, please write to grievance@dhan.co (for NSE, BSE and MCX) or grievancedp@dhan.co (for Depository Participant). Please ensure that you carefully read the Risk Disclosure Document as prescribed by SEBI, our Terms of Use and Privacy Policy. Compliance Officer: Mr. Manish Garg and Mobile: 8655740961 Email: complianceofficer@dhan.co To lodge your complaints using SEBI SCORES, click here.


Disclaimer: All communications with the client via chat, phone, or email are for support purposes only. Any commitments or statements made by the agent (human or virtual) shall not be binding on the company.


DHAN is a brand owned by Raise Securities Private Limited. All DHAN clients are registered under Raise Securities Private Limited. Clients are advised to refer to our company as Raise Securities Private Limited when communicating with regulatory authorities.


Procedure to file a complaint on SEBI SCORES: Register on SCORES portal. Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID. Benefits: Effective Communication, Speedy redressal of the grievances


Disclaimer: Investment in the securities market are subject to market risks, read all the related documents carefully before investing. Brokerage will not exceed the SEBI prescribed limit


Attention investors:

  1. Stock brokers can accept securities as margins from clients only by way of pledge in the depository system w.e.f September 01, 2020.
  2. Update your e-mail and phone number with your stock broker / depository participant and receive OTP directly from depository on your e-mail and/or mobile number to create pledge.
  3. Check your securities / MF / bonds in the consolidated account statement issued by NSDL/CDSL every month.

Note: As a policy we do not give stock tips or recommendations and have not authorized anyone to give this on behalf of us. If you know anyone claiming to be a part of Dhan / / Raise or our associate companies or partners and offering such services, please report us on help@dhan.co. Important Information for Investors: To prevent unauthorized transactions in your trading / demat account, do not share your account details, credentials or any personal details with anyone. Keep your mobile number updated with your Stock Broker, Depository Participant and ensure that the same is registered with Stock Exchanges, Depository and KRAs. You will receive alerts and information on your registered mobile number / email for debit and other important transactions in your demat account directly from CDSL / Exchange on the same day. KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Stock Broker, DP, Mutual Fund, etc.), you need not undergo the same process again when you approach another intermediary. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account. This is issued in the interest of investors.


Investors should be cautious on unsolicited emails and SMS advising to buy, sell or hold securities and trade only on the basis of informed decision. Investors are advised to invest after conducting appropriate analysis of respective companies and not to blindly follow unfounded rumours, tips etc. Further, you are also requested to share your knowledge or evidence of systemic wrongdoing, potential frauds or unethical behaviour through the anonymous portal facility provided on BSE & NSE website. Issued in the interest of the investors.


Raise Securities Private Limited also known as Dhan is only an order collection platform that collects orders on behalf of clients and places them on BSE StarMF for execution. Client expressly agrees that Dhan is not liable or responsible and does not represent or warrant any damages regarding non- execution of orders or any incorrect execution of orders with regard to the funds chosen by the client or due to, but not being limited to, any link/system failure, delay in transfer of the funds on account of any unforeseen circumstances/issues in the banking system/payment aggregators or any other problems that may result in a delay in crediting the funds into the BSE Star MF's bank account.


Mutual fund investments are subject to market risks, read all scheme related documents carefully before investing. Dhan is not a distributor or agent of any mutual fund. Mutual Funds are not exchange-traded products. Any related disputes will not have access to the Exchange-investor redressal forum or arbitration mechanism. For other disclaimers please refer https://dhan.co/advertisement-disclaimer/


Download client registration documents (Rights & Obligations, Risk Disclosure Document, Do's & Don'ts) in vernacular language: BSE | NSE | MCX


Kindly, read the Advisory Guidelines of BSE | NSE | MCX for investors as prescribed by the exchange with reference to their circular dated 27th August, 2021 regarding investor awareness and safeguarding client's assets


Important Links: SEBI | BSE | NSE | MCX | CDSL | SCORES | ODR Portal | Investor Charter for Stock Brokers | Investor Charter for DP | Investor Charter for Research Analyst | UCC Advisory | e-Voting for Shareholders | NCL Client Collateral details |
MCXCCL Client Collateral details

Important Information: Terms of Usage | Disclaimers | Privacy Policy | Grievances | Grievances RA | Risk Management Policy | Risk Disclosure | Advertisement Disclaimer | Referral Terms & Conditions | Saarthi 2.0 Mobile App for Investors