OPEN-SOURCE SCRIPT
Option Time Value

This TradingView script calculates and visualizes the time value of an option (Call or Put) based on its market price and intrinsic value. The time value represents the premium paid for the option above its intrinsic value, and it is a key metric for analyzing the cost of holding an option.
This script is suitable for traders analyzing options on indices or stocks, such as the NIFTY 50, and supports both Call and Put options. By dynamically extracting the strike price and option type from the input symbol, it adapts seamlessly to the selected instrument.
Key Features:
Dynamic Instrument Selection:
Users can input the underlying asset (e.g., NSE:NIFTY) and the specific option instrument (e.g., NSE:NIFTY250327C24000 for a Call or NSE:NIFTY250327P24000 for a Put).
Automatic Option Type Detection:
The script detects whether the option is a Call or a Put by parsing the input symbol for the characters "C" (Call) or "P" (Put).
Dynamic Strike Price Extraction:
The strike price is dynamically extracted from the input option symbol, eliminating the need for hardcoding and reducing user errors.
Key Metrics Plotted:
Time Value: The premium paid above the intrinsic value, plotted in blue.
Intrinsic Value: The calculated intrinsic value of the option, plotted in green.
Seamless Integration:
Designed for ease of use and integration into existing TradingView setups.
Automatically adjusts to the timeframe and pricing data of the selected instruments.
This script is suitable for traders analyzing options on indices or stocks, such as the NIFTY 50, and supports both Call and Put options. By dynamically extracting the strike price and option type from the input symbol, it adapts seamlessly to the selected instrument.
Key Features:
Dynamic Instrument Selection:
Users can input the underlying asset (e.g., NSE:NIFTY) and the specific option instrument (e.g., NSE:NIFTY250327C24000 for a Call or NSE:NIFTY250327P24000 for a Put).
Automatic Option Type Detection:
The script detects whether the option is a Call or a Put by parsing the input symbol for the characters "C" (Call) or "P" (Put).
Dynamic Strike Price Extraction:
The strike price is dynamically extracted from the input option symbol, eliminating the need for hardcoding and reducing user errors.
Key Metrics Plotted:
Time Value: The premium paid above the intrinsic value, plotted in blue.
Intrinsic Value: The calculated intrinsic value of the option, plotted in green.
Seamless Integration:
Designed for ease of use and integration into existing TradingView setups.
Automatically adjusts to the timeframe and pricing data of the selected instruments.
开源脚本
本着TradingView的真正精神,此脚本的创建者将其开源,以便交易者可以查看和验证其功能。向作者致敬!虽然您可以免费使用它,但请记住,重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
开源脚本
本着TradingView的真正精神,此脚本的创建者将其开源,以便交易者可以查看和验证其功能。向作者致敬!虽然您可以免费使用它,但请记住,重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。