Options chains contain the informational raw materials for options trading. Options prices are displayed with their associated implied volatilities, greeks and standard options information like strike, expiry and call or put. 

Below we list out the fields in the ORATS options chain and expanded explanations for each. 

Field Definition
ticker At the initial public offering, a company selects an available symbol that is sometimes related to the spelling or meaning of the firm. NYSE tickers are usually three or fewer letters where Nasdaq ones have four or more.
tradeDate The trade date is the date when the observation of options prices are made.
expirDate Options have expiration dates in the future when the contract between buyer and seller terminate. If the option finishes in the money, with the stock price above the strike price for a call or below or a put, the option seller is expected to deliver the shares to the buyer.
dte The days to expiration is the expiration date minus the trade date plus 1 day. The one day is there to provide a value for the option because with zero days left there is no value.
strike The option strike is the price to compare to the stock price in an options contract. If the stock price is above the strike price for a call or below or a put, the option seller is expected to deliver the shares to the buyer.
stockPrice The stock price of the underlying security in the options contract is important to compare to the strike price at expiration.
callVolume The call option volume is the total traded volume for the day of the calls with the expiration and strike stated in the row.
callOpenInterest The call open interest is updated nightly by the Options Clearing Corporation (OCC) and show the total number of opening contracts versus closing contracts by market participants. 
callBidSize The publicly displayed call bid size by market participants of the amount they are willing to buy at this price. 
callAskSize The publicly displayed call ask size by market participants of the amount they are willing to sell at this price. 
putVolume

The put option volume is the total traded volume for the day of the puts with the expiration and strike stated in the row.

putOpenInterest The put open interest is updated nightly by the Options Clearing Corporation (OCC) and show the total number of opening contracts versus closing contracts by market participants. 
putBidSize The publicly displayed put bid size by market participants of the amount they are willing to buy at this price. 
putAskSize The publicly displayed put ask size by market participants of the amount they are willing to sell at this price. 
callBidPrice The publicly displayed best call bid price by market participants to buy this call. 
callValue The value from an options pricing model using the inputs for the call option and the volatility from a smoothing of the implied volatilities for the options within the expiration. 
callAskPrice The publicly displayed best call ask price by market participants to sell this call.
putBidPrice The publicly displayed best put bid price by market participants to buy this put.
putValue The value from an options pricing model using the inputs for the put option and the volatility from a smoothing of the implied volatilities for the options within the expiration.
putAskPrice The publicly displayed best put ask price by market participants to sell this put.
callBidIv The volatility input from an options pricing model using the inputs for the call option and solving for a volatility until the price from the formula matches the bid price of the call.
callMidIv The volatility input from an options pricing model using the inputs for the call option and solving for a volatility until the price from the formula matches the mid price of the bid and ask of the call.
callAskIv The volatility input from an options pricing model using the inputs for the call option and solving for a volatility until the price from the formula matches the ask price of the call.
smvVol The volatility found from a smoothing of the implied volatilities for the options within the expiration.
putBidIv The volatility input from an options pricing model using the inputs for the put option and solving for a volatility until the price from the formula matches the bid price of the put.
putMidIv The volatility input from an options pricing model using the inputs for the put option and solving for a volatility until the price from the formula matches the mid price of the bid and ask price of the put.
putAskIv The volatility input from an options pricing model using the inputs for the put option and solving for a volatility until the price from the formula matches the ask price of the put.
residualRate The interest rated found from solving for the put and call values in an options pricing model that matches the put and call values in the market. 
delta The delta is the expected change in the price of the option with a one dollar change in the underlying.
gamma The gamma is the expected change in the delta of the option with a one dollar change in the underlying.
theta The theta is the expected change in the price of the option with a one day change.
vega The vega is the expected change in the price of the option with a one point change in the volatility.
rho The rho is the expected change in the price of the option with a one percent change in the interest rate.
phi The phi is the expected change in the price of the option with a one percent change in the dividend rate.
driftlessTheta The driftless theta is the expected change in the price of the option with a one day change without taking in drift in underlying.
forecastVol A forecast of volatility is made using the historical volatility of the underlying instrument. 
fcstCallValue The value from an options pricing model using the inputs for the call option and the forecast volatility.
fcstPutValue The value from an options pricing model using the inputs for the put option and the forecast volatility.
spotPrice The spot price of an index is the calculated value given the constituents prices and weightings to the index. 
updatedAt date and time of data updated

 

Below is an options chain graph and table for AAPL calls.   


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