Articles on: OPTIONS

MAXZONE

https://myfno.com/#maxzone

MAXZONE : The one stop screen where you can see all scrips summarized options data in tabular form, such as sum of all call OI and Put OI, highest OI and OI change and distance between underling and highest OI/maxpain..etc. (To open maxzone go to OPTIONS//maxzone).
Maxzone

There is an option to see max OI, max OI change and sum of call/put OI and OI change data in selected strike range as well as all traded strike in single click.



You can also able to see your watch list scrips only or any scrip group or sector you want.

You can show/hide parameters by just check/uncheck box and if you want to see OI & volume in shares, notional or value term just choose the term in units.


You can see advance filtered scrips only by just clicking on signals filter and that signals are also based on you pre selection criteria like range of strikes or selected strikes or weighted value.
Signal filters
You can also see delta weighted value by just a single click.


Terminology

Weighted calculation - (OI * 1 - ABS(0.5 - ABS(delta))

(OI value are calculated based on weights of delta of strike and OI value, suppose if ATM strike has higher delta and higher OI then it ll take more weight and ITM have highest delta but low OI so it will take less weight while totaling OI)

Selected strikes - ( If you enable selected strikes value will be shown as only selected expiry and defined strike range but if you disable selected strikes the data value will show total of all traded contracts and combine of all expiries).

Put OI - ( total/sum of put OI)
Call OI - ( total/sum of call OI)
Chg - (data change from previous day settled data and current)

PCR OI - (put call ratio OI)

Max pain% - ( Its a max pain strike and its distance/different from current future price in % term)

Max put distance% - ( option strike where highest put OI stand and its distance from current price in % term)
Max put buildup(+) - ( option strike where highest put OI buildup/added today and how much OI added)
Max put unwind(-) - ( option strike where maximum put OI unwind/decline today and how much OI unwind)

Max call distance% - ( option strike where highest call OI stand and its distance from current price in % term)
Max call buildup(+) - ( option strike where highest call OI buildup/added today and how much OI added)
Max call unwind(-) - ( option strike where maximum call OI unwind/decline today and how much OI unwind)

Updated on: 25/01/2022

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