Options Chain

An options chain is a listing of all available options contracts for a given underlying asset, organized by strike price and expiration date. It provides a comprehensive view of the market, showing both call and put options for different tenors.

Traders use the options chain to analyze market depth, open interest, and the distribution of strike prices. By looking at the volume and open interest across the chain, one can infer where the market expects the price to settle or where large positions are concentrated.

In the context of decentralized finance, the options chain is often visible on-chain, allowing for transparent analysis of participant positioning. It is the primary tool for selecting specific contracts to execute a trading strategy, whether for speculation, hedging, or yield generation.