Option writing basics

[nithin]

@challa_kartheek

If my statement is correct then how reliable it is to trust/analyze/read OI data.

Trading intraday based on the intraday OI data doesn’t make any sense at all. Check this out

Is the live open interest(OI) data being provided by exchanges correct?

Everyday the open interest streamed by the exchanges at 3.29 pm to the end of data released at 4.30 pm has a huge variance (sometimes over 40%). Am I missing something? Does it make sense to track the live OI and use it as part of trading strategy?