Interpreting Nifty Open Interest

I am trying to develop a framework for interpreting open-interest with a goal of attaching a probability distribution to expiry values of the Nifty. The first step is to chart the open interest of the nearest-to-expiry contract to see the market in action.

Friday Nifty OI Charts

puts.calls.2014-05-2

puts.calls.2014-05-9

puts.calls.2014-05-16

puts.calls.2014-05-23

puts.calls.2014-05-30

puts.calls.2014-06-06

puts.calls.2014-06-13

Stay tuned…