Options trading can seem complex, but Tick2Trade’s MultiStrike Chart makes it simple to analyze strike prices, open interest (OI), and implied volatility (IV). This powerful feature helps you compare multiple strikes at once, so you can make smarter and quicker trading decisions. Let’s dive into how you can use this feature easily, step by step.

Step 1: Open the MultiStrike Chart

To start, log in to your Tick2Trade account and look at the menu on the left side of your screen. Click on Toolbox, then select MultiStrike. This will open a special chart designed to make your analysis easy and efficient.

Step 2: Choose Strike Prices to Analyze

Now that the MultiStrike Chart is open, it’s time to pick the strike prices you want to analyze. You can add multiple strikes quickly—whether you’re looking at Calls (CE), Puts (PE), or both.

If you want a cleaner view, use the ATM Equidistant feature. This automatically selects strike prices above and below the At-the-Money (ATM) level, giving you a clear idea of market trends without unnecessary data.

Step 3: Pick Expiration Dates

Next, choose the expiration dates for the options you want to analyze. Whether you’re focusing on weekly options for short-term trades or longer expirations for long-term strategies, you can select the dates you need with just a click.

The chart will automatically update to show strike behavior across the expiration dates you pick.

Step 4: Customize the Timeframe

You can also select the timeframe that fits your trading style. Want to track short-term price movements? Choose a 15-minute view. Prefer a broader outlook? Switch to a daily view. It’s all up to you!

Step 5: Track Price Movements

The MultiStrike Chart makes it easy to monitor price changes.

• Green lines: Show the price movements of Calls (CE).
• Red lines: Show the price movements of Puts (PE).
• Dotted line: Represents the Nifty index, helping you compare strike prices with market trends.

Hover over any price point to see real-time updates for that strike.

Step 6: Analyze Open Interest (OI)

Open Interest is crucial for understanding market trends. Enable the OI option in the MultiStrike Chart, and you’ll see color-coded lines for Calls and Puts, showing how many contracts are open for each strike.

If you notice a sudden spike in OI, it could signal where traders are placing their bets.

Step 7: Use Cumulative Open Interest

For a bigger picture, enable the Cumulative OI feature. This adds up all the OI data for the selected strikes and shows you where the market sentiment is strongest.

Step 8: Understand Implied Volatility (IV)

Managing risk starts with understanding Implied Volatility (IV). The MultiStrike Chart lets you track IV for each strike price:

• A rising IV means the market expects higher price swings and higher premiums.
• A falling IV suggests calmer market conditions.

Enable the IV option on the chart and watch the trends.

Step 9: Smooth and Customizable Navigation

The MultiStrike Chart is built for speed and ease of use. You can seamlessly switch between strike prices, expiration dates, and other features without any lag.

Why Use the MultiStrike Chart?

Tick2Trade’s MultiStrike Chart is your one-stop tool for:

• Comparing multiple strike prices.
• Analyzing open interest and implied volatility.
• Tracking price movements in real time.

It simplifies your trading experience, saves time, and helps you make better decisions.

Ready to Explore?

With Tick2Trade’s MultiStrike Chart, you have all the tools you need to analyze multiple strikes with ease. Try it today and take your trading skills to the next level!