What does open interest actually measure?
Open interest is the number of contracts at a strike that have been opened and not yet closed or expired. It rises when a buyer and a seller open a new position between them, and falls when positions are closed. Unlike volume, which resets every session and counts all trading activity, open interest carries across sessions and reflects commitment that is still outstanding.
How is open interest different from volume?
Volume counts every contract traded during the session, including positions opened and closed within the same day. Open interest counts only what remains open at the end of it. A strike can show heavy volume with almost no change in open interest, which means the day's activity was largely intraday churn rather than fresh positioning.
Does high open interest at a strike act as support or resistance?
High open interest marks where positioning is concentrated, and those strikes often behave as reference levels — heavy call open interest above spot is commonly read as resistance and heavy put open interest below spot as support. This is a crowding observation, not a rule. Levels can and do break, usually when that open interest unwinds quickly.
Is the data on Sahi live or delayed?
Quotes stream live from the exchange feed during market hours through a WebSocket connection, so open interest, premium and Greeks update continuously rather than on a fixed refresh. If the live feed goes quiet the terminal falls back to periodic snapshot polling automatically. Outside market hours the last completed session is shown.
Which underlyings does Sahi cover?
Sahi covers NSE index options including NIFTY and BANKNIFTY, and the full list of NSE stocks available in the futures and options segment, alongside BSE index options. Every tool works on whichever underlying is selected in the instrument picker, and the selection carries across tools as you move between them.
Do I need an account to use Sahi option tools?
No account or login is needed. Every tool on this site runs entirely in your browser and is free to use. Nothing you select is stored on a server, and no order can be placed from here — Sahi is an analysis terminal, not a trading or execution platform.