ICICI Bank, TCS, Grasim: 5 F&O stocks with high PCR for your watchlist

F&O trading strategy: A high OI-based PCR suggests that traders were expecting limited downside at these counters, and were comfortable writing Puts.

As the market nears the July futures & options expiry day (July 25, 2024), here are five stocks showing high PCR (Put Call Ratio) based on the open positions.

A high PCR denotes presence of higher open positions (read OI) in the Put Strikes compared to Calls for the underlying index/ stock. In general, higher positions in Puts suggest that more traders are bearish and vice versa. However, higher OI Puts could also suggest higher Put writing at these counters, which implies a bullish scenario; as traders foresee limited downside at these counters.

In fact, the Nifty