Query regarding Open Interest

yoursvsr
Hi, I may sound silly but I just want to confirm:

Is the Open Interest received from kite connect is given in "Number of Lots" or "Quantity"?

Asking because eg if I have to place a sell order for FINNIFTY option, there is a restriction for MIS orders that the open interest should be minimum 500 lots, ie. 20000 quantity.

So, in order to validate that condition, which is correct: [OI from kite connect] > 500 or [OI from kite connect] > 20000
  • sujith
    Kite ticker gives you OI values in unit quantity and not lot size.
  • yoursvsr
    Thank you. So just to be sure, in the example cited above, the correct method would be [OI from kite connect] > 20000, right?
  • sujith
    Yes, OI value will be 20000 in the above case.
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