NIFTY Options Trading by RAJ

Discussion in 'Trading Diary' started by healthraj, Jul 22, 2013.

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How do you use OAT tool?

This poll will close on Apr 25, 2020 at 4:11 PM.
  1. For Intraday Naked Options trading

    44 vote(s)
    33.3%
  2. For Intraday Pair trading of Options

    24 vote(s)
    18.2%
  3. For Intraday Futures trading

    16 vote(s)
    12.1%
  4. For Positional Naked Options trading

    29 vote(s)
    22.0%
  5. For Positional Pair trading of options

    25 vote(s)
    18.9%
  6. For Positional Futures trading

    10 vote(s)
    7.6%
  7. To trade in Cash market

    10 vote(s)
    7.6%
  8. Overall trading has improved with OAT

    22 vote(s)
    16.7%
  9. Understanding of Options has improved with OAT

    53 vote(s)
    40.2%
Multiple votes are allowed.
  1. Option.Trader

    Option.Trader Well-Known Member

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    Well, the 8000Pe was written in as high volumes in December series as I've seen in last 5 years 80L, and even now we already have 60L open interest

    Sent from my Redmi Note 3 using Tapatalk
     
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  2. healthraj

    healthraj Well-Known Member

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    So how many took a SELL today.

    I felt the MAX OI @ 8000-8400 was tested today.

    Let us see.
     
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  3. Option.Trader

    Option.Trader Well-Known Member

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    Had 8300PE and 8300CE yesterday (Sold position)... skewed it for upward bias... 450 lot PE@89.45 and 300 lot CE@80.1 , took out CE @105 and PE @ 46.65
    In 8400PE/CE today

    Thing to notice.. from last 3 days.. everyday there is a gap up and the low is almost equal to open... so you cant play day.. but you need to keep position for a day
     
    Last edited: Jan 11, 2017
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  4. Option.Trader

    Option.Trader Well-Known Member

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    Continues with the same trend since last 4 days.. gap up opening and stagnant thereon... hope everyone's writing... i think the resistance is 8556 , but 8440 also looks a short term resistance.. Still in 8400 pair... will shift if it sustains above 8450
     
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  5. VJAY

    VJAY Well-Known Member

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    Dear mmca,
    Can you please add chg in volume graph too into this file?anyway thanks to sharing modified sheet with us :thumb:
     
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  6. travi

    travi Well-Known Member

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    Vijay Bhai,
    Can you explain its purpose?
    The mathematics is as follows:

    1. OI increases when a new contract is written and another buyer purchases it but if already bought contract is sold again, then OI will not increase.

    2. Similarly, if original Option Writer purchases the contract and closes position, then OI will reduce.
    That is why OI and Change in OI very important.

    3. On other hand Volume will just increase for each transaction that occurs, so whether it is Futures or calls or puts, from opening to closing this will just increase.

    My suggestion is if you look at volume bars in you Trading Terminal, the visual bars in your TF will project that.

    Even if you plot in OAT, it will have lag and not as accurate (like multi TF) as what you see in Terminal.
     
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  7. VJAY

    VJAY Well-Known Member

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    Yes ravi bro and thank once again to remember mathematics of OI :thumb:
    IMO if we relate volume with chg OI do more accuration in our views of market...though am not much involved in option.just doing some paper trades and learning...also if we see (graph) of volume we can see what side market will go at shorter time (may be am wrong ).but am watching it nowdays
     
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  8. angira

    angira Well-Known Member

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    hello everyone, need help regarding raj' OAT & MTP tool

    I'm using office 2010
    OAT file does not refreshing, it shows error like 'repairs to OAT for all symbols (using vba code)
    same error also display in MTP tool

    thanx,
    angira...
     
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  9. travi

    travi Well-Known Member

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    Great point, I will help you judge that in my way.
    You don't need volume :D
    I have observed that volume will be same on both sides but our great friend is "IV" or Implied Volatility.

    IV will not be same on Put or Call side.
    Whichever side IV is higher, that side is more in demand.
    Sellers love writing at higher IV and Buyers are willing to pay more premium for a contract.

    I think this will solve your need :D:D
     
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  10. travi

    travi Well-Known Member

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    Can you check with this file?
    https://www.mediafire.com/?3d2z37zahttartt
     
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