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Tapetide - Indian Stock Market MCP

Index Option Chain (IV, Greeks, OI by strike)

get_option_chain
Read-onlyIdempotent

Get the INDEX OPTION CHAIN with implied volatility, Greeks, bid/ask and open interest by strike. Use for any option-chain, IV, Greeks, open-interest, PCR or max-pain question — 'show me the NIFTY option chain', 'what is the ATM IV', 'where is max pain', 'put-call ratio', 'OI by strike'. Covers NIFTY, BANKNIFTY, FINNIFTY, MIDCPNIFTY ONLY — we do not collect a chain for individual stocks, so for a stock-option question say the chain covers index options only rather than implying we have no options data at all; get_option_iv_history DOES cover ~556 underlyings including stocks. IMPORTANT: this is an END-OF-DAY STAMPED snapshot, not a streaming live tick. Read snapshot_ts and state it (e.g. 'as of the 7 Aug close') — never imply an intraday real-time quote. iv_pct and atm_iv_pct are PERCENT (10.87 means 10.87%); atm_iv_change is percentage POINTS vs the prior session. NULLS ARE UNAVAILABLE, NEVER ZERO: a leg flagged iv_unsolved has null IV and Greeks (reason in iv_status), illiquid means no OI/volume so its premium is indicative only, and pcr_undefined means the put/call ratio cannot be computed. Render these as '—'; never state a 0% IV, a 0 delta or a PCR of 0. Also read atm_offset (strike steps from ATM) and available_expiries. Present the chain as data: report the numbers and what they describe. Do NOT recommend a strike, a strategy, or a direction to trade.

Input Schema

TableJSON Schema
NameRequiredDescriptionDefault
expiryNoExpiry as YYYY-MM-DD. Omit for the nearest expiry in the snapshot.
symbolNoREQUIRED. Index underlying: NIFTY | BANKNIFTY | FINNIFTY | MIDCPNIFTY (index options only).
tickerNoAlias for `symbol`.
strikesNoStrikes to return EACH SIDE of ATM (default 11, max 25)
identifierNoAlias for `symbol`.

Schema Changelog

Changes observed during successful MCP inspections.

  1. First observed

TDQS

A4.7/5.0
Behavior5/5

Does the description disclose side effects, auth requirements, rate limits, or destructive behavior?

Annotations already declare this a safe, idempotent, closed-world read, yet the description adds substantial context beyond them: it is an end-of-day stamped snapshot rather than a live tick, snapshot_ts must be read and stated, iv_pct/atm_iv_pct are percent while atm_iv_change is percentage points, nulls mean unavailable (iv_unsolved, illiquid, pcr_undefined) and must render as '—', and it must not recommend a strike or strategy. This is unusually rich behavioral disclosure.

Agents need to know what a tool does to the world before calling it. Descriptions should go beyond structured annotations to explain consequences.

Conciseness5/5

Is the description appropriately sized, front-loaded, and free of redundancy?

Dense but front-loaded: purpose, then usage triggers and sibling routing, then snapshot/unit/null caveats, then presentation constraints. Each block carries distinct operational value and no sentence merely restates the name or annotations.

Shorter descriptions cost fewer tokens and are easier for agents to parse. Every sentence should earn its place.

Completeness5/5

Given the tool's complexity, does the description cover enough for an agent to succeed on first attempt?

With no output schema, the description carries the full burden of describing returns and it does so: field names (snapshot_ts, iv_status, atm_offset, available_expiries), unit conventions, and null-vs-zero semantics are all covered. An agent has everything needed to call it and report results correctly.

Complex tools with many parameters or behaviors need more documentation. Simple tools need less. This dimension scales expectations accordingly.

Parameters3/5

Does the description clarify parameter syntax, constraints, interactions, or defaults beyond what the schema provides?

Schema description coverage is 100%, so expiry, symbol/ticker/identifier aliases and strikes-per-side are already fully documented in the schema; the description adds no input-parameter syntax or constraints. Baseline 3 applies, with the description's detail concentrated on output fields instead.

Input schemas describe structure but not intent. Descriptions should explain non-obvious parameter relationships and valid value ranges.

Purpose5/5

Does the description clearly state what the tool does and how it differs from similar tools?

States a specific verb and resource ('Get the INDEX OPTION CHAIN') and enumerates the payload of interest (IV, Greeks, bid/ask, OI by strike). It explicitly differentiates itself from get_option_iv_history and from stock-option coverage, so an agent can place it among siblings without opening a schema.

Agents choose between tools based on descriptions. A clear purpose with a specific verb and resource helps agents select the right tool.

Usage Guidelines5/5

Does the description explain when to use this tool, when not to, or what alternatives exist?

Gives explicit triggering questions ('show me the NIFTY option chain', 'what is the ATM IV', 'where is max pain', 'put-call ratio') and names the alternative (get_option_iv_history) with its broader underlying coverage. It also states the negative case (stock options are not collected) and how to phrase it, which is exactly the routing detail an agent needs.

Agents often have multiple tools that could apply. Explicit usage guidance like "use X instead of Y when Z" prevents misuse.

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