How are the PoP calculated on sensibull app which is available on kite for risk check?

F&O
1

Currently JUL 11000 CE option has 74% chance of being OTM on expiry according to sensibull risk check when the spot is hardly 300 points away. Is this correct calculation? How is it calculated? I would want to know since it affects decision making.

2

You can read more on Probability of Profit in Kite Options Positions