Explore Multi-Strike OI โ A Smarter Way to Decode Market Sentiment
In volatile markets, every second matters โ and so does every data point. Thatโs why weโve introduced Multi-Strike OI, a powerful tool that helps traders track Open Interest (OI) activity across different time frames โ and gain sharper insights into market expectations.
Letโs break down how it works
What is Multi-Strike OI?
Multi-Strike OI gives traders a detailed view of how OI is changing strike-wise, direction-wise (Call vs Put), and time-wise โ in both tabular and graphical formats.
You can choose to view OI changes in 5-min, 15-min, or 60-min intervals, giving you precise snapshots of market positioning as it evolves.
Two Powerful Views:
Tabular View
- Select your preferred Call & Put strikes (e.g., 22800โ23200)
- Choose the time interval (5, 15, or 60 mins)
- Instantly see the OI changes for each strike
Graphical View
- Visualize the data to spot trends easily via Line chart
- Great for traders who prefer a more intuitive, quick-glance format
Why Use Multi-Strike OI?
Time-Based OI Insight: Analyze when positions are being added or unwound
Strike-Level Precision: Focus on levels youโre actually trading
Double Confirmation: Use both Call and Put activity to confirm market direction
How to Access It
Getting started is simple:
Visit the FNO360 Web Platform
Click on Open Interest from the left-hand menu
Select โMulti-Strike OIโ
Example:
At 9:45 AM, OI at 23000 CE = 1 Cr
At 10:00 AM, OI at 23000 CE = 1.5 Cr
Thatโs a 50L addition in just 15 mins and at the same time we observe LTP is also falling, by looking at this data we can assume that Nifty will face strong resistance at 23000.
How are you using Multi-Strike OI in your strategy? Drop your thoughts or charts in the comments โ letโs learn from each other