| Option | Moneyness | OI Movement | Interpretation | Trader Behavior | Market Bias |
|---|---|---|---|---|---|
| Call | OTM | 🔼 Increase | New short calls being added | Bearish (expect price won’t cross this strike) | Resistance zone builds |
| Call | OTM | 🔽 Decrease | Shorts getting covered or profit booking | Less bearish / neutral | Resistance weakening |
| Call | ITM | 🔼 Increase | Long calls being held or rolled | Bullish continuation | Buyers expect more upside |
| Call | ITM | 🔽 Decrease | Profit booking on longs | Mild weakness / consolidation | Possible short-term top |
| Put | OTM | 🔼 Increase | New short puts being sold | Bullish (expect price won’t fall below strike) | Support zone builds |
| Put | OTM | 🔽 Decrease | Shorts being covered (less confidence) | Less bullish / nervousness | Support weakening |
| Put | ITM | 🔼 Increase | Long puts being added | Bearish continuation | Traders expect more downside |
| Put | ITM | 🔽 Decrease | Exit of long puts (profit booked) | Stabilization or reversal likely | Temporary support |
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