Here are the details of conditions in the Excel sheets.

dP => Price Change

dOI => Open Interest (OI) Change

Long Build-Up in Puts is Bearish for the Underlying

Long Build-Up in Calls is Bullish for the Underlying

Short Build-Up in Calls is Bearish for the Underlying

Short Build-Up in Puts is Bullish for the Underlying

Now question remains about unwinding...

dOI > 0 is Build-Up...............(For Calls & Puts both)

dOI < 0 is Unwinding...............(For Calls & Puts both)

dP > 0 is LONG (Buying) ...............(For Calls & Puts both)

dP < 0 is SHORT (Selling)...............(For Calls & Puts both)

Now, let us combine dP and dOI...All the conditions in consolidated form are as
follows:

dP > 0 and dOI > 0 => LONG Build-Up (Bullish Underlying for Calls and Bearish
Underlying for Puts)
dP > 0 and dOI < 0 => LONG Unwinding (Bearish-mild Underlying for Calls and
Bullish-mild Underlying for Puts)
dP < 0 and dOI > 0 => SHORT Build-Up (Bearish Underlying for Calls and Bullish
Underlying for Puts)
dP < 0 and dOI < 0 => SHORT Unwinding (Bullish-mild Underlying for Calls and
Bearish-mild Underlying for Puts)

All theses conditions match with the text book literature available....and also on
futures action ......

Anyways i am open to further discussion and corrections as

(1) we are tracking Option Sellers action,
(2) May be there is something different about options which i do not know...