BHARTIARTL PE-CE Difference
Day-wise PE − CE open interest Put OI minus call OI near the price. Green: more puts written, red: more calls written.
Open Interest Change – Options: put and call OI change by session, with PE − CE change
Total PE − CE open interest
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Today in numbers
Which side has been writing
What our backtest found NSE bhavcopy, 8 Jul 2024 – 7 Oct 2026, 547 sessions, 10 strikes either side of ATM, all running expiries
BHARTIARTL (BHARTIARTL) PE-CE Difference: What the Table Shows
The core number
PE-CE difference is put open interest minus call open interest, summed over strikes around the at-the-money level. A positive value means more puts are open than calls in that range; a negative value means more calls. The change column shows how that gap moved in the session.
Why a strike range
Deep out-of-the-money strikes can hold large but stale OI that says little about the current market. Using ATM ± 5, 10 or 20 strikes keeps the focus where most active positioning happens. The range is re-centred on each day's ATM strike, so every row compares like with like.
The columns
Put OI and Call OI show the total and the change for each session. PE-CE total and change show the gap and how it moved; the bar makes the size of the change easy to scan. PCR is for the same strike range. The futures columns show the near-month close and its OI change for context.
How Traders Read BHARTIARTL PE-CE Difference
Positive and widening
When put OI grows faster than call OI near the money, the difference turns more positive. Because index puts are largely written, traders often read this as writers building positions below the market.
Negative and widening
When call OI grows faster, the difference turns more negative. This is often read as call writing above the market.
Magnitude matters
A small difference means both sides are roughly balanced. A large and growing difference shows one side committing more capital. What counts as large depends on the symbol: index options carry far more OI than most stocks, so compare with the recent rows rather than a fixed number.
Flips across zero
When the difference swings from positive to negative or back, positioning near the money has changed sides. Several flips in a short period usually point to a market without clear direction.
Using the BHARTIARTL PE-CE Charts
Price with change bars
The top chart shows BHARTIARTL daily candles with EMA 20, 50, 100 and 200. Below it, each bar is that session's put OI change minus call OI change: green when more puts were written, red when more calls were written. The black line is the 20-session average, and faded bars mark expiry days. Drag the chart to go back in time and scroll to zoom.
All running expiries or one expiry
By default the numbers add up every running expiry, so positions rolled from the expiring contract into the next one are not lost. The expiring contract is left out on its last day, when its OI collapses. Switch to "Selected expiry" to see one contract, with futures close and OI change.
Total PE-CE
The third chart shows put OI minus call OI in the strike range, green above zero and red below, with its 20-session average in black.
Sentiment score
The score is 50% today's net writing, 30% the last five sessions and 20% the PE-CE balance against its own 20-session normal, on a scale of −100 to +100. The "How it's calculated" tab walks through each step with today's numbers.
What Two Years of NSE Data Say About BHARTIARTL PE-CE
Describes the day, not the next one
From July 2024 to October 2026, the score pointed the same way as NIFTY's move that day 85% of the time (BANKNIFTY 84%, F&O stocks 62%). For the next day it was right about half the time: a coin flip. Writers sell puts into rising prices and calls into falling ones, so PE-CE mostly follows the price.
Runs of three sessions
After three sessions in a row of puts leading, NIFTY rose the next day 64% of the time against 49% normally, but the effect faded in 2025-26 (53%). For F&O stocks, three sessions of calls leading while the price had not fallen three days was followed by a 0.21% lag against NIFTY over five sessions. Both edges are small.
Extremes and divergences
Very high or low PE-CE readings did not give a consistent result from one year to the next, and divergences (price falling while puts are written heavily) were too rare on the indices to judge.
Limitations
OI does not reveal who is buying or writing, and some put OI is hedging by large investors. NSE moved expiries to Tuesday in September 2025 and cut weekly index expiries in November 2024, which changes how OI builds up. This page uses end-of-day data.
BHARTIARTL PE-CE Difference: Frequently Asked Questions
What does a positive BHARTIARTL PE-CE difference mean?
More put OI than call OI in the selected strike range. Traders often read it as put writers being more active near the money, but it describes positioning, not a price forecast.
Which strike range should I use?
ATM ± 10 is a balanced default for indices. Use ± 5 to focus on the most active strikes and ± 20 or All for a broader view.
Why does the ATM strike change each row?
Each session is centred on its own ATM strike so the range always covers the strikes near the price on that day.
Is the change column the same as OI change on NSE?
Yes. It is the sum of NSE's reported change in open interest for each strike in the range.
How often is the table updated?
Once per trading day from the NSE F&O bhavcopy, usually by 9 PM IST.
Can PE-CE difference predict tomorrow's move?
Not on its own. In our backtest on NSE data from July 2024 to October 2026, it matched the same day's direction 85% of the time on NIFTY but the next day only about half the time. Use it to understand positioning, alongside price and trend.
How is this different from PCR?
PCR is a ratio (put ÷ call); PE-CE difference is the absolute gap (put − call). The ratio shows balance, the difference shows scale.
PE-CE Difference for other indices & stocks
Data: NSE F&O bhavcopy (end of day). This page explains how market participants commonly read this data. It is for education only and is not a recommendation to buy or sell any security.