Open Interest (OI) can give traders a clearer view of how positions are building across different option strikes. When combined with price, volume, implied volatility and other derivatives data, it can help traders understand where market participation is concentrated and evaluate potential F&O strategies.
But raw OI numbers are not always easy to interpret. An option chain can contain dozens of strikes, multiple expiries and several data points for both calls and puts. This is where dedicated OI analysis and options strategy platforms can make the process more manageable.
In 2026, traders have several choices, ranging from the official exchange option chain to specialised platforms that offer OI dashboards, strategy builders, payoff charts and advanced derivatives analytics.
Here are five platforms worth considering.
- Option Trader by Dhan
Dhan’s options trading platform – Option Trader is made for traders who want OI analysis and strategy building in a bigger trading platform. Its OI Analysis dashboard provides a single view of OI, change in OI, PCR, volume PCR, option and futures buildup and multi-strike OI. For traders looking for an app with detailed OI data analysis, Dhan brings OI, change in OI, PCR, volume and buildup data together in a single dashboard.
Option Trader also provides an advanced option chain with LTP, OI, OI change, volume, IV and Greeks, along with tools to build strategies and view their potential payoff.
Its OI Profile can also be viewed directly on charts, helping traders connect open-interest concentration with price movement instead of analysing the two separately.
- Sensibull
Sensibull is designed specifically around options analysis and strategy construction. Its workflow allows traders to examine option chains, compare strategies and study potential payoff and risk before placing a trade.
This can be particularly useful for beginners learning how multi-leg strategies such as spreads, straddles and strangles behave under different market conditions.
Its broker integrations also make it useful for traders who want to move from analysis to execution without managing every leg manually.
- Opstra by Definedge
Opstra is another established platform for traders who want deeper derivatives analysis. It is particularly relevant when the objective goes beyond simply checking current OI and involves studying options positioning, volatility and strategy behaviour.
For a trader comparing different strikes before constructing a spread, the ability to examine derivatives data in greater depth can make strategy evaluation more structured.
- Quantsapp
Quantsapp takes a more analytics-focused approach to options trading. Its platform includes tools covering charts, strategy analysis, Greeks, open interest, option chains, buildup and trade analytics.
Traders who want to look at multiple derivatives variables and not just price and OI. Its more comprehensive analytics approach can be especially useful when contemplating more involved options positions.
- StockEdge
StockEdge is a platform for market analysis that provides tools to analyse stocks and market activity. Its screening and analytical features can help you narrow down potential opportunities before you move on to detailed derivatives analysis.
The platform can be useful when traders want to combine broader market research with technical and quantitative analysis rather than relying only on an option chain. This can help create a more structured process for identifying stocks or market conditions that may be worth analysing further.
To sum up
Open Interest becomes more useful when traders can view it in context and not as an isolated number. The right platform can make that process easier by combining OI with option-chain data, charts, Greeks, volatility measures and strategy analysis.
For traders who also participate in futures markets, choosing a trusted broker for futures trading can make it easier to bring market analysis, strategy planning and trade execution into one workflow. Traders should choose one that matches their experience level, analysis style and F&O workflow.
