PUT and CALL options
- Thread starter columbus
- Start date
Dear Sirs
NIFTY PE 8700 is trading 124 now , where as NIFTY Spot is at 8542 now....
In this regard Kindly clarify my doubts
1. Being 158 points lower than 8700 , PE should be rated a minimum 148 points.But it is trading at 124 . Why ?
2.What will happen on expiry . Lets take same position exists on expiry . Then it will expire at 124 points or 148 points ( at par with Spot Nifty)
regards
Vijayakumar
NIFTY PE 8700 is trading 124 now , where as NIFTY Spot is at 8542 now....
In this regard Kindly clarify my doubts
1. Being 158 points lower than 8700 , PE should be rated a minimum 148 points.But it is trading at 124 . Why ?
2.What will happen on expiry . Lets take same position exists on expiry . Then it will expire at 124 points or 148 points ( at par with Spot Nifty)
regards
Vijayakumar
MAR.25 Mar-Series.19 Nifty=8531 (-12) VIX=13.14 PCR=0.84
PCR of Open Interest is plotted.
VIX is on Primary axis.
PCR is on Secondary axis.
The Expected Zone has moved down to (8550~8500) from 8600 .
(Please note the change in Total-OI ,which is taken as over 2 Million instead
of normal 1 Million as Expiry is nearing.)
The current position is at 8550 for FOURTH day.(Previous:8650)
Open Interest (Today) over 5 Lakhs is indicated in YELLOW bold. (If any)
Open Interest (Today) less than -5 Lakhs is indicated in YELLOW italics. (If any).
The bars inside the implied volatility are drawn ,taking into account both
CALL and PUT strikes but not individual CALL strikes or PUT strikes.
2 strikes on CALL side and 3 strikes on PUT side from the current strike ,as shown ,are analyzed.
The Option chain this Series ,based today's open interest looked like this :
PCR of Open Interest is plotted.
VIX is on Primary axis.
PCR is on Secondary axis.
The Expected Zone has moved down to (8550~8500) from 8600 .
(Please note the change in Total-OI ,which is taken as over 2 Million instead
of normal 1 Million as Expiry is nearing.)
The current position is at 8550 for FOURTH day.(Previous:8650)
Open Interest (Today) over 5 Lakhs is indicated in YELLOW bold. (If any)
Open Interest (Today) less than -5 Lakhs is indicated in YELLOW italics. (If any).
The bars inside the implied volatility are drawn ,taking into account both
CALL and PUT strikes but not individual CALL strikes or PUT strikes.
2 strikes on CALL side and 3 strikes on PUT side from the current strike ,as shown ,are analyzed.
The Option chain this Series ,based today's open interest looked like this :
1.It gives an approximate value ,do not expect the value to be exact.
Moreover this variation is different in different periods (time decay of options)
that is mid series ,near expiry etc etc.
2.If the position is left untouched and nifty closes below 8400 ,then it will
gain.Do not forget to square off.
This can be explained better with a chart ,which is self-explanatory in
nature.
In the beginning (old dates) though the fall is severe ,the option was not gaining much.
In the later part (Recent values) the fall is not much ,but the option value is gaining a lot.
Moreover this variation is different in different periods (time decay of options)
that is mid series ,near expiry etc etc.
2.If the position is left untouched and nifty closes below 8400 ,then it will
gain.Do not forget to square off.
This can be explained better with a chart ,which is self-explanatory in
nature.
In the beginning (old dates) though the fall is severe ,the option was not gaining much.
In the later part (Recent values) the fall is not much ,but the option value is gaining a lot.
Last edited:
MAR.25 Mar-Series.20(end) Nifty=8342 (-189) VIX=15.16 PCR=0.99
PCR of Open Interest is plotted.
VIX is on Primary axis.
PCR is on Secondary axis.
Nifty ended this series on 8342.
The current position is at 8350.
Open Interest (Today) over 5 Lakhs is indicated in YELLOW bold. (If any)
Open Interest (Today) less than -5 Lakhs is indicated in YELLOW italics. (If any).
The bars inside the implied volatility are drawn ,taking into account both
CALL and PUT strikes but not individual CALL strikes or PUT strikes.
5 strikes on CALL side and 5 strikes on PUT side from the current strike ,as shown ,are analyzed.(Trend is left unfilled ,will do it from tomorrow onwards)
The Option chain of APRIL Series ,based today's open interest looked like this :
Now 2 things can happen.The zone may move DOWN towards CURRENT position or
CURRENT position may move UP to join the zone.
The later appears most possible ,because current position is 2 strikes
away from the bottom of the zone.Moreover the PUTs appear to be over-priced.
PCR of Open Interest is plotted.
VIX is on Primary axis.
PCR is on Secondary axis.
Nifty ended this series on 8342.
The current position is at 8350.
Open Interest (Today) over 5 Lakhs is indicated in YELLOW bold. (If any)
Open Interest (Today) less than -5 Lakhs is indicated in YELLOW italics. (If any).
The bars inside the implied volatility are drawn ,taking into account both
CALL and PUT strikes but not individual CALL strikes or PUT strikes.
5 strikes on CALL side and 5 strikes on PUT side from the current strike ,as shown ,are analyzed.(Trend is left unfilled ,will do it from tomorrow onwards)
The Option chain of APRIL Series ,based today's open interest looked like this :
Now 2 things can happen.The zone may move DOWN towards CURRENT position or
CURRENT position may move UP to join the zone.
The later appears most possible ,because current position is 2 strikes
away from the bottom of the zone.Moreover the PUTs appear to be over-priced.
MAR.27 APR-Series.1 Nifty=8341 (-1) VIX=14.50 PCR=0.94
PCR of Open Interest is plotted.
VIX is on Primary axis.
PCR is on Secondary axis.
Expected Zone is at (8800~8400).
We can expect Nifty in this zone ,for next 10 days or so ,from our previous
experience.
The current position is at 8350.
Open Interest (Today) over 5 Lakhs is indicated in YELLOW bold. (If any)
Open Interest (Today) less than -5 Lakhs is indicated in YELLOW italics. (If any).
The bars inside the implied volatility are drawn ,taking into account both
CALL and PUT strikes but not individual CALL strikes or PUT strikes.
5 strikes on CALL side and 5 strikes on PUT side from the current strike ,as shown ,are analyzed.
The Option chain of April Series ,based today's open interest looked like this :
PCR of Open Interest is plotted.
VIX is on Primary axis.
PCR is on Secondary axis.
Expected Zone is at (8800~8400).
We can expect Nifty in this zone ,for next 10 days or so ,from our previous
experience.
The current position is at 8350.
Open Interest (Today) over 5 Lakhs is indicated in YELLOW bold. (If any)
Open Interest (Today) less than -5 Lakhs is indicated in YELLOW italics. (If any).
The bars inside the implied volatility are drawn ,taking into account both
CALL and PUT strikes but not individual CALL strikes or PUT strikes.
5 strikes on CALL side and 5 strikes on PUT side from the current strike ,as shown ,are analyzed.
The Option chain of April Series ,based today's open interest looked like this :
MAR.30 APR-Series.2 Nifty=8492 (151) VIX=14.26 PCR=1.03
PCR of Open Interest is plotted.
VIX is on Primary axis.
PCR is on Secondary axis.
Expected Zone is at (8800~8400) for SECOND day.
The current position has moved up to 8500 from 8350.
Open Interest (Today) over 5 Lakhs is indicated in YELLOW bold. (If any)
Open Interest (Today) less than -5 Lakhs is indicated in YELLOW italics. (If any).
The bars inside the implied volatility are drawn ,taking into account both
CALL and PUT strikes but not individual CALL strikes or PUT strikes.
6 strikes on CALL side and 6 strikes on PUT side from the current strike ,as shown ,are analyzed.
The Option chain of April Series ,based today's open interest looked like this :
PCR of Open Interest is plotted.
VIX is on Primary axis.
PCR is on Secondary axis.
Expected Zone is at (8800~8400) for SECOND day.
The current position has moved up to 8500 from 8350.
Open Interest (Today) over 5 Lakhs is indicated in YELLOW bold. (If any)
Open Interest (Today) less than -5 Lakhs is indicated in YELLOW italics. (If any).
The bars inside the implied volatility are drawn ,taking into account both
CALL and PUT strikes but not individual CALL strikes or PUT strikes.
6 strikes on CALL side and 6 strikes on PUT side from the current strike ,as shown ,are analyzed.
The Option chain of April Series ,based today's open interest looked like this :
MAR.31 APR-Series.3 Nifty=8491 (-1) VIX=14.49 PCR=0.99
PCR of Open Interest is plotted.
VIX is on Primary axis.
PCR is on Secondary axis.
Expected Zone has condensed to (8700~8400) from (8800~8400) .
The Zone appears to have condensed due to bad market movement but
it was due 8800PE just fell short of 1Millon mark.(0.977Million)
The current position has unmoved at 8500 for Second day (Previous: 8350).
Open Interest (Today) over 5 Lakhs is indicated in YELLOW bold. (If any)
Open Interest (Today) less than -5 Lakhs is indicated in YELLOW italics. (If any).
The bars inside the implied volatility are drawn ,taking into account both
CALL and PUT strikes but not individual CALL strikes or PUT strikes.
5 strikes on CALL side and 5 strikes on PUT side from the current strike ,as shown ,are analyzed.
The Option chain of April Series ,based today's open interest looked like this :
PCR of Open Interest is plotted.
VIX is on Primary axis.
PCR is on Secondary axis.
Expected Zone has condensed to (8700~8400) from (8800~8400) .
The Zone appears to have condensed due to bad market movement but
it was due 8800PE just fell short of 1Millon mark.(0.977Million)
The current position has unmoved at 8500 for Second day (Previous: 8350).
Open Interest (Today) over 5 Lakhs is indicated in YELLOW bold. (If any)
Open Interest (Today) less than -5 Lakhs is indicated in YELLOW italics. (If any).
The bars inside the implied volatility are drawn ,taking into account both
CALL and PUT strikes but not individual CALL strikes or PUT strikes.
5 strikes on CALL side and 5 strikes on PUT side from the current strike ,as shown ,are analyzed.
The Option chain of April Series ,based today's open interest looked like this :
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