Option Chain with Extrinsic Value
Extrinsic value reflects the time value + implied volatility component of an option and plays a critical role in understanding premium expansion, decay, and positioning.
What this indicator shows
Real-time extrinsic value for Call and Put options
Side-by-side strike-wise comparison
Clear visibility of where premium is expensive or cheap
Helps identify overpriced and underpriced options
How traders can use it
Detect IV expansion or contraction zones
Avoid buying options with high extrinsic risk
Improve entry timing for option buying
Identify premium decay advantage for sellers
Use alongside price levels for better context-based decisions
Best use case
Intraday NIFTY options trading
Works best when combined with price structure and key levels
Designed to add context, not signals
Important Note:
This is a decision-support tool, not a buy/sell signal indicator. It is intended to enhance options awareness and risk management,
Extrinsic value reflects the time value + implied volatility component of an option and plays a critical role in understanding premium expansion, decay, and positioning.
What this indicator shows
Real-time extrinsic value for Call and Put options
Side-by-side strike-wise comparison
Clear visibility of where premium is expensive or cheap
Helps identify overpriced and underpriced options
How traders can use it
Detect IV expansion or contraction zones
Avoid buying options with high extrinsic risk
Improve entry timing for option buying
Identify premium decay advantage for sellers
Use alongside price levels for better context-based decisions
Best use case
Intraday NIFTY options trading
Works best when combined with price structure and key levels
Designed to add context, not signals
Important Note:
Update Reference ATM strike when the indicator throws an error.
This is a decision-support tool, not a buy/sell signal indicator. It is intended to enhance options awareness and risk management.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact VigneshPalanisamy directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact VigneshPalanisamy directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.