How To Read Option Chain Open Interest Data Like a PRO?
How To Read Option Chain Open Interest Data Like a PRO?
Option Chain Open Interest Data is a highly significant information and if you know how to analyze and use it, it can give you a clear edge while trading.
Significance of OI Data:
1. You can find Resistance of a Stock using OI data
2. You can find Support of a Stock using OI data
3. You can find how a stock will move using OI Data
4. You can find whether support or resistance of a stock is getting stronger or weaker using OI Data