Equity Option Chain

Introduction

Option Chain by Bluechip Algos is a professional-grade TradingView indicator that brings the full power of real-time options analytics directly onto your chart. It is designed for option traders who rely on live data like implied volatility, Greeks, and straddle pricing — all in one powerful visual dashboard.

About the Indicator

This indicator fetches and displays real-time option chain data for major Indian indices like NIFTY, BANKNIFTY, SENSEX and OTHER STOCKS. Whether you’re an intraday scalper or a positional trader, this tool provides essential decision-making insights like:

  • Implied Volatility (IV)
  • Greeks: Delta, Gamma, Theta, Vega, Rho
  • Spot price, Expiry info, Straddle Price
  • India VIX for volatility sentiment
  • Historical percentile rank of IVs

Everything is rendered on a compact and visually clear on-chart table, giving you zero-click access to premium derivatives data.

Understanding the Indicator

Once applied to the chart, you’ll see a dashboard-style option chain table. It includes both Call (CE) and Put (PE) data across 11 strikes above and below the selected ATM (At The Money) level, making it a complete view of market dynamics.

Key Data Visualized:

  • 📊 Implied Volatility (IV): Compare IV across strikes to detect overpriced or underpriced options.
  • ⚡ Greeks:
    • Delta – directional sensitivity
    • Gamma – rate of change of Delta
    • Theta – time decay
    • Vega – sensitivity to volatility
    • Rho – rate sensitivity
  • 📍 Straddle Price: Shows ATM combined premium for strategy planning.
  • 🧠 IV Percentile Ranking: Helps identify when current IV is historically high or low (great for mean-reversion setups).
  • 📅 Expiry Info: Pulled dynamically from your input and displayed clearly on top.

All data is dynamically calculated using the Black-Scholes model, and the implied volatility is determined via binary search approximation, giving you institutional-level accuracy.

Use Cases

  • 🔍 Straddle/Strangle Planning: Spot mispricing and premium decay opportunities.
  • 📈 Delta Hedging Decisions: Monitor Delta shifts across strikes.
  • 🧮 Greek Monitoring: Especially useful near expiry or when volatility is expected to spike.
  • 🧭 Direction & Skew Analysis: Quickly understand whether Calls or Puts are more aggressively priced.
  • 📉 IV Crush Setup: Use IV percentile to gauge when an IV mean reversion is likely.

Input Parameters

  • Spot Symbol: Choose from NIFTY, BANKNIFTY, FINNIFTY, MIDCAPNIFTY
  • Reference Strike: ATM base for table (default: 23900)
  • Interval: Strike gap (default: 50)
  • Expiry Day / Month / Year: Customizable for weekly or monthly contracts
  • Tracking Index – SPOT/FUT/SYNT FUT
  • Dashboard Location: Choose table placement on chart
  • Risk-Free Rate: Used for BS model (default: 6.75%)

Summary

Option Chain by Bluechip Algos is the only indicator you’ll need to visualize the real options market in real time — right on your TradingView chart. Whether you’re managing delta-neutral strategies or swing trading volatility, this tool puts the full option chain in front of you with analytics-grade precision.

✅ IVs & Greeks across 22 strikes
✅ Delta, Vega, Theta, Gamma, Rho
✅ IV Percentile Rankings
✅ Live India VIX, Spot, and Straddle Price
✅ 100% visual — no need to toggle external tools

How to avail this free indicator?

  • Go to TradingView indicators section, search for “NSE BSE option chain with Greeks [Bluechip Algos]” and click on it.
    • Tip: You can also add to favorites so that next time it will be available just under your “Favorites” section
  • Once the indicator is applied to your chart, go to settings and configure the input parameters as mentioned above.
  • Great, you are done and can start using the indicator.