NOV series Day.2 Nifty=5665 (1)
In NOV series NIFTY (1D-1U) closed like this:
DU
There is no change in Expected Zone at (5800~5400).
The important strikes where accumulation/shedding took place were indicated
in Yellow colour.
Generally strikes like 5000,5500,6000,6500 etc show high OI interest but
strangely 5500CE showed less OI compared to 5400CE & 5600CE strikes.
There is further drop in Total-OI of 5500 strike also.
THETA (time decay):
The option's theta is a measurement of the option's time decay.
The theta measures the rate at which options lose their value,
specifically the time value, as the expiration date draws nearer.
Generally expressed as a negative number, the theta of an option
reflects the amount by which the option's value will decrease every day.
(courtesy:theoptionguide.com)
In NOV series NIFTY (1D-1U) closed like this:
DU
There is no change in Expected Zone at (5800~5400).
The important strikes where accumulation/shedding took place were indicated
in Yellow colour.
Generally strikes like 5000,5500,6000,6500 etc show high OI interest but
strangely 5500CE showed less OI compared to 5400CE & 5600CE strikes.
There is further drop in Total-OI of 5500 strike also.
THETA (time decay):
The option's theta is a measurement of the option's time decay.
The theta measures the rate at which options lose their value,
specifically the time value, as the expiration date draws nearer.
Generally expressed as a negative number, the theta of an option
reflects the amount by which the option's value will decrease every day.
(courtesy:theoptionguide.com)