Skip to main content
Glama
myfinancialria

MyFinancial Market Data MCP

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

get_option_chain
Read-onlyIdempotent

Retrieve end-of-day index option chains for NIFTY, BANKNIFTY, FINNIFTY, MIDCPNIFTY with IV, Greeks, open interest, and bid/ask by strike for expiry analysis.

Instructions

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%), not decimals. NULLS ARE UNPUBLISHED, NEVER ZERO: a leg flagged iv_unsolved has null IV and Greeks (the solver skips deep-in-the-money legs), illiquid means no OI/volume so its premium is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 (signed strike distance 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 observedv1.0.0

TDQS

A4.7/5.0
Behavior5/5

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

Annotations already declare readOnlyHint=true and idempotentHint=true, but the description adds critical behavioral context: it is an end-of-day snapshot (not streaming), explains percent units, and details null handling (nulls are unpublished, never zero) and specific flags like iv_unsolved, illiquid, and pcr_undefined. This goes far beyond what annotations provide.

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?

Though lengthy, the description is densely packed with essential operational details — purpose, usage, caveats, units, null handling, and presentation rules — all front-loaded and logically ordered. Every sentence earns its place given the tool's complexity; there is no redundancy.

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 compensates by naming key output fields (snapshot_ts, iv_pct, atm_iv_pct, atm_offset, available_expiries) and explaining their meaning. It also covers edge cases like null flags and instructs proper presentation. An agent has everything needed to call and interpret 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 coverage is 100% for all 5 parameters, so the description doesn't need to explain them. The description does reference output fields (snapshot_ts, iv_pct, atm_offset) but not input parameters. The baseline of 3 applies because the schema already documents parameters fully; the description adds no extra parameter-level nuance.

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?

The description clearly states the tool retrieves an INDEX OPTION CHAIN with IV, Greeks, bid/ask, and open interest by strike. It also distinguishes it from siblings by explicitly mentioning that get_option_iv_history covers stocks, making the scope unambiguous.

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?

The description provides explicit when-to-use guidance with example queries ('show me the NIFTY option chain', 'what is the ATM IV', etc.) and explicit when-not-to-use (stock options) with an alternative tool named. This fully routes the agent to the correct tool.

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