Nifty Open Interest Analysis

[Option.Trader]

Date : Oct 13 2012

People were excited with the increased swings... but the only people who profited were Option writers, they had a field day. On an average they would have made close to 30 points

Lets move on to OI
From FII data, longs have finally begun unwinding... bulls have started to exhaust themselves
5800 Ce has the highest OI, so looks to be the top for this rally.
5600PE has highest OI with unwinding seen in 5800PE

Thought for the day : Correction on cards

 

[pav]

Date : Oct 13 2012

People were excited with the increased swings... but the only people who profited were Option writers, they had a field day. On an average they would have made close to 30 points

Lets move on to OI
From FII data, longs have finally begun unwinding... bulls have started to exhaust themselves
5800 Ce has the highest OI, so looks to be the top for this rally.
5600PE has highest OI with unwinding seen in 5800PE

Thought for the day : Correction on cards

Excellent Analysis :thanx:

 

[pvamshikrishna]

Very good analysis...waited for long time for this type of analysis....n im also keen to learn Nifty OI strategy from long time...appreciated you work

 

[nune_siva]

Can you provide link to download the Nifty OI Excel sheet.

 

[sjnanes]

hi option.trader,

Thanks for the analysis, and appreciate your sharing .
what do you see the outlook for the week starting today.
holding some 5800CEs at 50.do you see the market reaching there..

 

[dashr]

What is -ve % in Volume column?

 

[Option.Trader]

What is -ve % in Volume column?

Less contracts traded than yday

 

[Option.Trader]

Interesting day today, not just with the trades but with Option Chain shown on Nifty.. had to spend some time figuring out the disconnect in data
The option chain shown in Nifty website which you can browse through links nseindia-derivatives-option chain shows the underlying index value as 5684.80, whereas the actual value is 5687.25 . This led me to try and figure out the query. So using query as 10006 for Nifty, the true picture (atleast underlying is shown correct - 5687.25) is emerging. There is a diff in OI in both queries
Everyone, please compare the nifty option chain through your browser and the one shown in picture below... i believe the below snapshot to be true

Date : Oct 15,12

Unwinding seen in 5500,5600,5700 CE.. has someone got wind of Reliance results before market hours? there was writing in Puts also seen

FII derivates clearly indicate that they have built up long positions in Nifty
Expecting Nifty to go gap up tomorrow

 

[Option.Trader]

Date : Oct 16 2012

We had said yesterday of Gap up, well it did and then the supply kicked in
Perfect Bull trap got option writers having a field day
With the options data, it looks like 5800 is a distant target.
Option writing with Calls and Unwinding with Puts is the ideal condition for downturn.
With Global indices rallying, its better to get out of long positions if there is an uptick tomorrow.

 

[pvamshikrishna]

Option.Trader,could you please help me in this.how to trade watching nifty open interest and with options?