Options Trading is a Billion Dollar Market.
90% of Retail Traders Start with a Small Capital & Prefers Options Buying.
Open Interest (OI) Analysis plays a crucial role in Options Buying & Scalping
This #thread is a Review of one OI Tool called "OI Pulse"
🧵🧵
@OiPulse
(1/N)
90% of Retail Traders Start with a Small Capital & Prefers Options Buying.
Open Interest (OI) Analysis plays a crucial role in Options Buying & Scalping
This #thread is a Review of one OI Tool called "OI Pulse"
🧵🧵
@OiPulse
(1/N)
Disclaimer - I don't have any business association or personal relationship with any of the OI Pulse members.
I use OI Pulse personally and found some features are effective in options buying.
If you want a free OI tool, you can use this!
profiletraders.in/post/fno-trade…
(2/N)
I use OI Pulse personally and found some features are effective in options buying.
If you want a free OI tool, you can use this!
profiletraders.in/post/fno-trade…
(2/N)
Before trying to understand the features of an OI tool, one should know the basics of Open Interest.
You can read this article to learn the basics of OI.
profiletraders.in/post/the-power…
(3/N)
You can read this article to learn the basics of OI.
profiletraders.in/post/the-power…
(3/N)
#1 Trending OI
This is my favorite feature in OI Pulse.
It not only updates sentiment & also updates the direction of change, changes in CE/PE OI, and Net PCR.
(4/N)
This is my favorite feature in OI Pulse.
It not only updates sentiment & also updates the direction of change, changes in CE/PE OI, and Net PCR.
(4/N)
#2 OI Spurt
This is a smart feature, and using this one can easily get a glance at what's happening with options.
For example, market sentiment is Bearish, If you see only 'PEs in Long Build up and 'CEs in Short Build up
(5/N)
This is a smart feature, and using this one can easily get a glance at what's happening with options.
For example, market sentiment is Bearish, If you see only 'PEs in Long Build up and 'CEs in Short Build up
(5/N)
#3 Options Chain
It is a must feature for any options trader.
Along with other option greeks, this tool also provides % change in OI, and OI interpretation (like Long Buildup, Short Build up, etc)
(6/N)
It is a must feature for any options trader.
Along with other option greeks, this tool also provides % change in OI, and OI interpretation (like Long Buildup, Short Build up, etc)
(6/N)
#4 OI Analysis
This feature updates the total OI, OI change (for both CE & PE), OI Interpretation for both CE &PE, along with CE and PE LTP.
(7/N)
This feature updates the total OI, OI change (for both CE & PE), OI Interpretation for both CE &PE, along with CE and PE LTP.
(7/N)
#5 OI Chart
This feature plots the Call Option OI vs Put Options OI.
In addition, it also plots Call OI vs. Price and Put OI vs. Price.
This is a beneficial feature if you know the price vs. OI relationship.
(7/N)
This feature plots the Call Option OI vs Put Options OI.
In addition, it also plots Call OI vs. Price and Put OI vs. Price.
This is a beneficial feature if you know the price vs. OI relationship.
(7/N)
#6 OI Statistics
This feature provides OI (call & put) info in different strike prices.
In one glance, anybody can say whether Call writing is high or Put writing is high😂
(8/N)
This feature provides OI (call & put) info in different strike prices.
In one glance, anybody can say whether Call writing is high or Put writing is high😂
(8/N)
#7 Vix vs. Index
Vix plays a crucial role to predict the direction.
If the price moves up with a decrease in vix, it is a good sign for bulls.
If the price falls with an increase in vix, it is a good sign for bears.
(9/N)
Vix plays a crucial role to predict the direction.
If the price moves up with a decrease in vix, it is a good sign for bulls.
If the price falls with an increase in vix, it is a good sign for bears.
(9/N)
#8 Multiframe Chart
Multiple charts in one window is a paid feature in tradingview.
Using this tool, we can track both Nifty and Banknifty in one window.
(10/N)
Multiple charts in one window is a paid feature in tradingview.
Using this tool, we can track both Nifty and Banknifty in one window.
(10/N)
Success in trading is not guaranteed just after buying a software tool.
We need to analyze the data properly & trade only on our setups along with proper money management rules to survive in the market.
You can reach out to @Justsiva123 if you have any doubts about this tool.
We need to analyze the data properly & trade only on our setups along with proper money management rules to survive in the market.
You can reach out to @Justsiva123 if you have any doubts about this tool.
That's all for today!
If you enjoyed this thread:
1. Follow me
@indraziths
for more threads on the stock market trading
2. RT the tweet below to share this thread with your audience
If you enjoyed this thread:
1. Follow me
@indraziths
for more threads on the stock market trading
2. RT the tweet below to share this thread with your audience
• • •
Missing some Tweet in this thread? You can try to
force a refresh
