Learning NSE Option Chain

To trade in options, we wish to have following information with us

1) Underlying Security
2) Option Type – CALL or PUT
3) Contract Expiry
4) Strike price

Once you have all above information, you have exclusive identifier of the option contract that you can buy or sell in the market. On easylivedata.com , there is link called Option Chain.Option chain lists the available option contracts of an underlying security that are presently traded in the market.

Closure Date – This is the option contract’s expiry date. Various contract expiry that are traded in the market currently are listed here.

Open Interest - Number of open positions for a particular strike price.

LTP = Last traded price

Net Change – % change in the price at which a particular option is traded in market last, with respect to the closing price of previous trading day.

Volume – Number of contracts traded today

Bid Quantity – Quantity given in the last open buy order for this particular strike price.

Bid Price – Price given in the last open buy order for this particular strike price.

Offer Price – Price given in the last open Sell order for this particular strike price.

Offer Quantity – Quantity given in the last open Sell order for this particular strike price.

In other words, bid price indicate the price that buyers is wiling to pay to buy the option contract, and Offer price indicates the price at which seller is willing to sell.


Lets take an example and try to find the latest quote from the table. Lets say we want to Buy, NIFTY PUT, Strike 5000, Feb-10 expiry,