Let me tell you a little about option Delta
It is the movement in the price of an option wrt price of spot.
1. 17800 is an At the money CE option. Delta of ATM CE is near 0.5
It means that if spot moves 10 points, 17800 CE will move 5 points. This is the highly volatile option as it is ATM
2. 17750 is slightly In the money CE. Delta is 0.7 means if spot moves up 10 points, the option will move 7 points up. Volatility is high in this one too but less compared to 17800.
In both these option you will see spikes on the charts with lot of wicks if market stays around these levels. This is due to high volatility or Vega.
3. 17700 and 17650 are deep In the money CE options. You can see that the delta is around 1. It means that if index moves 10 points, option moves 9-10 points also.
These options behave just like Futures. Means if you don;t want to trade futures, you can trade with deep ITM options.
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