Option Chain with Extrinsic ValueThis indicator displays a real-time option chain table focused on the extrinsic value of each option strike.
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,
Индикатор Pine Script®






















