Day Trading Stocks & Futures

NF
open type= open test drive. low and open is very imp of 1M time frame it may act as ret if the price goes below it. yday last session had selling tail. the good part is that opening candle has taken out, a sign of bullishness.
value has been shifted to the upside quite significantly. and VA is quite big as compared to recent days huge trading range is taken out yday. as off now NF is very bullish.
as expected it turned out to be a good trend day with open is near to day's low and close near to the day's high. distribution happened near the range high of the day.
 

travi

Well-Known Member
CE and PE rates are based on spot price or future price? Especially on expiry day.
CE an PE prices on your terminal are not based on anything but pure demand / supply and the same applies to Futures of the large number of bidders/sellers.
Just to set things straight :)

Now, Futures are "derived" from spot, but with Options, some Blackboxes and more recent articles tend to use the Futures price but the NSE tables use the Black-Scholes model and the NS as input.

The result is that the IV and other greeks etc may vary depending on the model.

Now again, from the above, there is nothing specific "to" expiry day.
Models that use spot will use spot, and Futures will use Futures. Models inherently cannot flip-flop :)
atleast, i never read of any.

*But on expiry day, not the weeklies, Futures and Spot prices tend to converge and therefore it wouldn't make much diff in prices of both models but they can't switch the spot or the derivative.
 

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