# Option Chain

### This section contains: <a href="#this-section-contains" id="this-section-contains"></a>

1. [How to view Option Chain for a Symbol](#id-1.-how-to-view-option-chain-for-a-symbol)
2. [How to increase number of Visible Expiry for Option Chain](#id-2.-how-to-increase-number-of-visible-expiry-for-option-chain)
3. [How to choose/change another expiry in Option Chain](#id-3.-how-to-choose-change-another-expiry-in-option-chain)
4. [How to increase or decrease the number of visible strikes in Option Chain](#id-4.-how-to-increase-or-decrease-the-number-of-visible-strikes-in-an-option-chain)
5. [How is ATM, ITM, and OTM option displayed in an Option Chain](#id-5.-how-is-atm-itm-and-otm-options-displayed-in-an-option-chain)
6. [Placing a Multi-leg order from the Option Chain](#id-6.-placing-a-multi-leg-order-from-the-option-chain)

**"Option Chain"** is a listing of all options for a specific Security that provides information on **Price, Volatility and Other Metrics** to help investors and traders make informed decisions.

### **1. How to view Option Chain for a Symbol** <a href="#id-1.-how-to-view-option-chain-for-a-symbol" id="id-1.-how-to-view-option-chain-for-a-symbol"></a>

<div align="left"><figure><img src="https://files.gitbook.com/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FOOkrtgr3FzpImfJDvQpQ%2Fuploads%2Ff0PIic3zbRebdBlPCfCe%2FHow%20to%20open%20OC.gif?alt=media&#x26;token=d6ba2e7f-9e58-49a1-bcff-21a2581a3c36" alt="" width="375"><figcaption></figcaption></figure></div>

To view **"Option Chain"** for any symbol with F\&O, follow these steps:

* Open your **Watchlist** and select an underlying security that is part of the F\&O segment.
* Click on the **Security Name** to access the Security Page.
* On the top right corner of the **Security page**, locate the **"Option Chain" Button.**
* Click on the **"Option Chain" Button** to view the different expiry contracts available, along with their respective expiration dates.
* Select the desired **Expiry Date** to view the **"Option Chain".**

### 2. How to Increase Number of Visible Expiry for Option Chain <a href="#id-2.-how-to-increase-number-of-visible-expiry-for-option-chain" id="id-2.-how-to-increase-number-of-visible-expiry-for-option-chain"></a>

<div align="left"><figure><img src="https://files.gitbook.com/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FOOkrtgr3FzpImfJDvQpQ%2Fuploads%2F1Jcqo7uvJSFIP9eB890c%2FHow%20to%20Increase%20Number%20of%20Visible%20Expiry%20for%20Option%20Chain%20-%20OK.gif?alt=media&#x26;token=6df91e09-013f-490a-8a20-94f5884f3ac7" alt="" width="375"><figcaption></figcaption></figure></div>

To increase **"Number of Visible Expiry"** for **Option Chain**, follow these steps:

* Click on the **"Option Chain" Button** on the **Security Page.**
* This will redirect you to the page that lists **Open Expiries** for the underlying.
* By default, only contracts that are expiring in the next **60 Days** will be visible.
* To increase the number of **Visible Expiry**, click on the **"Calendar" Icon**![](https://flipmobilemanual.geojit.com/~gitbook/image?url=https%3A%2F%2F3574784015-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FOOkrtgr3FzpImfJDvQpQ%252Fuploads%252F5pvwlJmCDYtcRxPISHOT%252Fimage.png%3Falt%3Dmedia%26token%3De6d66f76-1157-4faa-b37e-a52e99562097\&width=40\&dpr=4\&quality=100\&sign=f13362fd\&sv=2) on the top.
* This will open a pop-up where you can choose the **Number of Days.**
* Once you have selected the number of days, it will show all **Open Expiries** for the next selected **Number of Days.**

### 3. How to Choose/Change Another Expiry in Option Chain <a href="#id-3.-how-to-choose-change-another-expiry-in-option-chain" id="id-3.-how-to-choose-change-another-expiry-in-option-chain"></a>

To choose/change another **"Expiry"** in **Option Chain**, there are two options:

#### Option 1 <a href="#option-1" id="option-1"></a>

<div align="left"><figure><img src="https://files.gitbook.com/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FOOkrtgr3FzpImfJDvQpQ%2Fuploads%2Fh0xmfPlpqt1LRVMSNs3e%2FExpiry%2001.gif?alt=media&#x26;token=db381263-62d1-4d25-a3e4-a7deb6691314" alt="" width="375"><figcaption></figcaption></figure></div>

* Find the **"Expiry Date"** above the **Option Chain** and click on the **Date**.
* This will open a pop-up with all **Open Expiries.**
* Click on the desired **"Expiry"** to open the **Option Chain** for that particular expiry.

#### Option 2 <a href="#option-2" id="option-2"></a>

<div align="left"><figure><img src="https://files.gitbook.com/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FOOkrtgr3FzpImfJDvQpQ%2Fuploads%2F5cAED48LhGE9dCQVjsIT%2FExpiry%2002.gif?alt=media&#x26;token=ae824361-15dd-4728-81fb-b32801adec58" alt="" width="375"><figcaption></figcaption></figure></div>

* Click on the **"Back Arrow"**![](https://4250648999-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FQUVvHauOEWZZorbZR584%2Fuploads%2FM2v5Sz3LNHspctyi52s7%2Fback%20arrow.png?alt=media\&token=df9d66ba-e299-40f9-ba1d-07dc6f6d50d2) on the top of the option chain page.
* This will take you back to the **Expiry Date page.**
* From here, click again on the desired **Expiry Date** to open the **Option Chain** for that expiry.

### 4. How to Increase or Decrease the Number of Visible Strikes in an Option Chain <a href="#id-4.-how-to-increase-or-decrease-the-number-of-visible-strikes-in-an-option-chain" id="id-4.-how-to-increase-or-decrease-the-number-of-visible-strikes-in-an-option-chain"></a>

To increase or decrease the number of **"Visible Strikes"** in an **Option Chain**, follow these steps:

<div align="left"><figure><img src="https://files.gitbook.com/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FOOkrtgr3FzpImfJDvQpQ%2Fuploads%2FyVHL1eINoNsJLaYaj3dG%2FVisible%20Strike.gif?alt=media&#x26;token=878d75da-ffd6-43ad-b38c-b392b9e0c7c8" alt="" width="375"><figcaption></figcaption></figure></div>

* Open the **Option Chain** for the desired Security.
* Locate the **"Strike"** heading on the top row of the **Option Chain.**
* The current number of **"Visible Strikes"** is always displayed below the **"Strike"** heading.
* Click on the **Strike** to access a pop-up menu.
* Select the desired **Number of Strikes** to view.
* The number of **Visible Strikes** will automatically increase or decrease.

**Please Note:** The default *Number of Visible Strikes* provided on the platform is *12*. For optimal performance, it is recommended to keep the *Number of Visible Strikes* at a lower number.

### 5. How is ATM, ITM, and OTM options displayed in an Option Chain <a href="#id-5.-how-is-atm-itm-and-otm-options-displayed-in-an-option-chain" id="id-5.-how-is-atm-itm-and-otm-options-displayed-in-an-option-chain"></a>

#### At-The-Money(ATM) <a href="#at-the-money-atm" id="at-the-money-atm"></a>

<div align="left"><figure><img src="https://files.gitbook.com/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FOOkrtgr3FzpImfJDvQpQ%2Fuploads%2Fo9OlCNfl1SFYJzhoQpQH%2FATM.gif?alt=media&#x26;token=7be88029-2ded-4372-a8fa-24f959feb7a7" alt="" width="375"><figcaption></figcaption></figure></div>

* **"At-The-Money" (ATM)** options are options with a [**Strike Price**](https://support.geojit.com/support/solutions/articles/89000011268-what-is-a-strike-price-) that is equal to or nearly equal to the **Current Price** of the underlying asset.
* These options are displayed with a **"Blue Line"** in the platform.

#### I**n-The-Money (ITM)** <a href="#in-the-money-itm" id="in-the-money-itm"></a>

<div align="left"><figure><img src="https://files.gitbook.com/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FOOkrtgr3FzpImfJDvQpQ%2Fuploads%2F19SwuUM2FKiCxQYEuScR%2FITM%20GIF.gif?alt=media&#x26;token=674936bb-5899-4d6b-b131-17637d2a8dbc" alt="" width="375"><figcaption></figcaption></figure></div>

* "**In-The-Money" (ITM)** options have a favorable **Strike Price** compared to the **Current Price** of the underlying asset.
* A favorable Strike Price for **Call Options** is *lower* than the current price of the underlying asset, while a favorable strike price for **Put Options** is *higher*.
* These options are displayed with **"Blue Shading"** in the platform.

#### Out-of-The-Money (OTM) <a href="#out-of-the-money-otm" id="out-of-the-money-otm"></a>

<div align="left"><figure><img src="https://files.gitbook.com/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FOOkrtgr3FzpImfJDvQpQ%2Fuploads%2FBumbpfj659hsGqXGmBtd%2FOTM.gif?alt=media&#x26;token=ae704139-078f-43ae-9b89-e0f859bd3cf4" alt="" width="375"><figcaption></figcaption></figure></div>

<div align="left"><figure><img src="https://flipmobilemanual.geojit.com/~gitbook/image?url=https%3A%2F%2F3574784015-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FOOkrtgr3FzpImfJDvQpQ%252Fuploads%252FBumbpfj659hsGqXGmBtd%252FOTM.gif%3Falt%3Dmedia%26token%3Dae704139-078f-43ae-9b89-e0f859bd3cf4&#x26;width=300&#x26;dpr=4&#x26;quality=100&#x26;sign=5e8b0455&#x26;sv=2" alt="" width="375"><figcaption></figcaption></figure></div>

* **"Out-of-The-Money" (OTM)** options have an unfavorable **Strike Price** compared to the **Current Price** of the underlying asset.
* An unfavorable Strike Price for **Call Options** is higher than the Current Price of the underlying asset, while an unfavorable Strike Price for **Put Options** is lower.
* These options are displayed **"Without Shading"** in the platform.

### 6. Placing a Multi-leg Order from the Option Chain <a href="#id-6.-placing-a-multi-leg-order-from-the-option-chain" id="id-6.-placing-a-multi-leg-order-from-the-option-chain"></a>

To place a **"**[**Multi-leg Order**](https://support.geojit.com/support/solutions/articles/89000014373-what-is-a-multi-leg-order-)**"** from the **Option Chain**, follow these steps:

<div align="left"><figure><img src="https://files.gitbook.com/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FOOkrtgr3FzpImfJDvQpQ%2Fuploads%2FD4bSf83nPoLUHDix4NAZ%2FMulti%20Leg%20OC.gif?alt=media&#x26;token=27e32e5a-3de1-417a-b833-df820a8d769d" alt="" width="375"><figcaption></figcaption></figure></div>

* To place a **"Multi-leg Order"**, navigate to the **Option Chain**.
* Click on the **Bid or Ask Price** of a strike on either the **Call or Put** side. This will open the Sell or Buy order page for that **Strike**.
* You can place up to **"Four Orders"** with this open page.
* The default Order Quantity is **"One Lot",** and the net premium for the **Multi-leg Order** is displayed.
* A **Positive or Green Net Premium** indicates that you will pay the premium to execute the trade, while a **Negative or Red Net Premium** represents the premium you will collect when the trade is executed.
* To **Remove** only **"One Selected Strike"**, simply click on the **Selected Strike** on the **Option Chain** to remove it from the Order Book.
* To remove **"All Selected Strikes",** click on the **"Delete" Icon**<img src="https://4250648999-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FQUVvHauOEWZZorbZR584%2Fuploads%2FAXBZ5xarZ4PH9zQF5IMD%2Fimage.png?alt=media&#x26;token=73934faf-9602-46a5-bab5-dc6a52ee4d90" alt="" data-size="line"> on the order screen.
* You can click on the **"Maximize Arrow" Icon**![](https://4250648999-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FQUVvHauOEWZZorbZR584%2Fuploads%2F1rLxvnxOr2aoM5ZrAr9O%2Fimage.png?alt=media\&token=05b0be9c-3eae-467c-ba97-9b49cc929ca1) to see more order details, including the option to change the **Order Quantity and Price.**
* This will automatically update the **Net Premium Figure** and **Quantity** displayed in the **Option Chain**.
* To **Edit** the Order Type and Product Type, click on the **"Edit" Button** on the **Order page**.
* This will redirect you to the **"Multi-leg Order"** details page.
* Make necessary changes and click on **"Review"** and **"Send".**
* This will take you to the **Confirmation Page** where you can **"Review"** all the details before sending the order to the Exchange.

**Please Note:** You can check the *Execution Status* of the order in the *Order Book.*


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