The NSE has a website which displays the option chain in near real-time. This program retrieves this data from the NSE site and then generates useful analysis of the Option Chain for the specified Index or Stock. It also continuously refreshes the Option Chain and visually displays the trend in various indicators useful for Technical Analysis.
Hi Bro,
I wanted to suggest a feature addition to GitHub regarding Vega strength logic, as explained by option trader Vibhor Gupta.
Here's the logic in a nutshell: Vega of option strikes between 0.5 to 0.6 Delta strikes is observed at market opening (9:15 am), and the same is calculated again at 10 am and afterwards. Based on the differences in Vega, market direction can be gauged.
You can find reference tweets explaining this concept here: Vibhor Gupta's Tweet
Integrating this logic could potentially enhance market analysis for us.. Thank you for considering this suggestion.
Hi Bro, I wanted to suggest a feature addition to GitHub regarding Vega strength logic, as explained by option trader Vibhor Gupta.
Here's the logic in a nutshell: Vega of option strikes between 0.5 to 0.6 Delta strikes is observed at market opening (9:15 am), and the same is calculated again at 10 am and afterwards. Based on the differences in Vega, market direction can be gauged.
You can find reference tweets explaining this concept here: Vibhor Gupta's Tweet
Integrating this logic could potentially enhance market analysis for us.. Thank you for considering this suggestion.
Best regards, Nishith Singh