option data analysis Academic project

Have End of the day data of Option CE, PE Price and OI as well as price for the underlying asset Need to do analysis of 4 different types- 1 Long Buildup If the price goes up and Put Open Interest goes up then it is Long buildup. Short Buildup If the price goes down and Call Open Interest goes up then it is Short buildup. Long Unwinding The price will decrease and Put Open interest will also decrease. It is Long unwinding. Short Covering The price will increase and Call open interest will decrease. This signifies Short covering. The data will need to be segregated on above basis and analysis needs to be done by examining next day's price whether the prediction (categorization) was proven right Graphs of 4 categories will be needed. 2 Put Call Ratio analysis: Put Call Ratio= Total Put OI/Total Call OI If PCR ratio stays below the previous day closing PCR, then market is likely to be bearish .If the PCR ratio stays above the previous day closing PCR then I market is likely to be bullish. 3 Max Pain Max Pain Calculation Steps of calculating max pain: Find the difference in strike price and stock price. Find the product of the results and open interest at the strike price. Sum up the rupee value for the put and call at the strike price. For each strike price, repeat the steps. The strike price with the highest value is equivalent to the price of max pain. Check whether on expiry day the underlying price has closed near max pain price. 4 OI based Support & resistance. Find out which CE & PE strike price has the highest OI Build up and check if on expiry day underlying price has crossed these levels.