How to Open the ORCA Option Chain: Step-by-Step Guide
Introduction
Option chains are one of the most powerful tools available to options traders, helping them understand market sentiment, identify support and resistance levels, evaluate open interest, and spot potential trading opportunities. Whether you are analysing Nifty, Bank Nifty, or individual stock options, knowing how to access and interpret the option chain is an essential skill for making informed trading decisions.
ORCA simplifies this process by providing a comprehensive and easy-to-use Option Chain interface with real-time market data, Greeks, implied volatility, open interest, and other advanced analytics in a single view. This allows traders to evaluate multiple strike prices, compare call and put activity, and make faster, data-driven decisions without switching between different screens.
In this guide, you'll learn how to open the ORCA Option Chain, navigate its key features, and use it efficiently to analyse the options market and enhance your trading strategy. Master options trading with ORCA, the advanced trading application that delivers real-time Option Chain analytics, Greeks, and market insights to help you make faster, smarter trading decisions.
Login to Orca App
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In order to start trading the options, first, you should open the ORCA app and then log into it by entering your User ID and Password. Once logged in successfully, you will be taken to the Home screen, which will display all the investment and trading instruments available on the platform. |
As shown in the image above, the Home screen provides quick access to multiple products such as IPO, Mutual Funds, Bonds, ETFs, Optrix, Scalper, Indices, Corporate Actions, Margin Calculator, and Brokerage Calculator. The bottom navigation bar also allows you to switch between Watchlist, Orders, Home, Portfolio, and Funds, making it easy to access different sections of the app.
Search for the Desired Stock
After logging in, choose the equity/index that you wish to analyze. There are two simple options provided by ORCA to locate your equity/index. You can click on the Search tab and input the company name, stock symbol or index such as Nifty/Bank Nifty.
Alternatively, you can simply open your Watchlist from the bottom menu and select any saved security. The search function provides you with instant access to any listed security, while the Watchlist enables traders to track securities on an ongoing basis . Track stock broker stocks seamlessly with ORCA's smart search and Watchlist features, giving you instant access to analyze and trade your favorite securities.
Select the Desired Stock
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Once the requisite security is obtained using the Search bar or Watchlist option, click on the chosen stock that you need to analyze. As seen in the example, the stock "MARUTI EQ" has been selected from the Watchlist. This will open up the trading screen for the chosen stock, which provides information on the price changes of the security. Now you can move ahead to obtain the ORCA Option Chain information for the chosen strike prices, open interest, and others. |
Open the Option Analysis Section
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After the stocks’ details screen is launched, select the Option Analysis tab found at the top of the screen. Clicking on this tab will take you to the ORCA options analysis tools module. You will be directed to a more comprehensive screen that includes information like the Option Chain among others. Traders can use this part to analyze various factors such as strike prices, open interest, implied volatility, Greeks and market tendencies. |
View the Option Chain
When Option Analysis is chosen, click on the Option Chain tab to access all information related to the options of the selected stock.
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ORCA shows Calls on the left side, Puts on the right side, while strike prices appear in the middle, enabling easy comparisons. Traders have the flexibility to change different expiry dates, access live spot price, Open Interest (OI), Last Traded Price (LTP), and price variations. This comprehensive display allows traders to gauge their position in the market and determine profitable options trading opportunities. |
Conclusion
Opening the ORCA Option Chain is a process that is quite simple but at the same time extremely important for making informed decisions on options trading. Starting from signing into the application and picking the stock all the way to reaching the Option Analysis menu where traders can see the Option Chain, this application allows for an intuitive user experience backed by complete data from the markets. With the use of live data like the strike price, open interest, LTP, and expiry, traders can better understand the market trends and trade accordingly . Open an equity trading account and access ORCA's advanced Option Chain to analyze live market data and make smarter, data-driven options trading decisions.
Frequently Asked Questions
How do I access the Option Chain on the ORCA app?
Log into the ORCA app, click the stock or index of choice, and then go to Option Analysis > Option Chain.
What can be seen from the ORCA Option Chain?
Strike price, OI, LTP, Implied Volatility, Greeks, Expiry Date, Call and Put information will be visible in the ORCA Option Chain.
Is the Option Chain for both stocks and indices available in ORCA?
Yes, you can get the Option Chains of individual stocks as well as for indices such as Nifty and Bank Nifty.
What is the significance of the Option Chain while trading in options?
Market sentiment analysis, identifying support/resistance levels can be done using the Option Chain.
Am I able to change the Expiry Dates in the ORCA Option Chain?
Yes, you have the liberty to change Expiry Dates on the ORCA Option Chain.
Disclaimer: This blog is dedicated exclusively for educational purposes. Please note that the securities and investments mentioned here are provided for informative purposes only and should not be construed as recommendations. Kindly ensure thorough research prior to making any investment decisions. Participation in the securities market carries inherent risks, and it's important to carefully review all associated documents before committing to investments. Please be aware that the attainment of investment objectives is not guaranteed. It's important to note that the past performance of securities and instruments does not reliably predict future performance.
