NIFTY Options Trading by RAJ
- Thread starter healthraj
- Start date
- Tags nifty options chain raj oat
Max change in OI is -310,750 in 8000ce
Max change in OI is +476,100 in 7700pe
NIFTY: 8023.45 +40.55 Time :14.33
dear experts what does it signify??
whether its shorts in ce are covered??? If so what happening at 7700 pe???
confused....
Max change in OI is +476,100 in 7700pe
NIFTY: 8023.45 +40.55 Time :14.33
dear experts what does it signify??
whether its shorts in ce are covered??? If so what happening at 7700 pe???
confused....
IMO since there was no aggressive writing for immediate OTM puts, the -ve COI for calls at multiple strikes may be interpreted as profit booking.
In order for NIFTY to reverse the -ve trend, we needed to see substantial put writing @ 8000 which was not the case today. Also look at the global market it is a sea of red. Not sure our market will be able to retain this level for long.
Regarding 7700 PE; since put writing at other strikes was very small, this emerged as max COI strike. General consensus as reflected by option chain remains that NIFTY will not break down beyond 7800 easily.
Looking forward to views / corrections from seniors
Last edited:
Hi,
IMO since there was no aggressive writing for immediate OTM puts, the -ve COI for calls at multiple strikes may be interpreted as profit booking.
In order for NIFTY to reverse the -ve trend, we needed to see substantial put writing @ 8000 which was not the case today. Also look at the global market it is a sea of red. Not sure our market will be able to retain this level for long.
Regarding 7700 PE; since put writing at other strikes was very small, this emerged as max COI strike. General consensus as reflected by option chain remains that NIFTY will not break down beyond 7800 easily.
Looking forward to views / corrections from seniors
IMO since there was no aggressive writing for immediate OTM puts, the -ve COI for calls at multiple strikes may be interpreted as profit booking.
In order for NIFTY to reverse the -ve trend, we needed to see substantial put writing @ 8000 which was not the case today. Also look at the global market it is a sea of red. Not sure our market will be able to retain this level for long.
Regarding 7700 PE; since put writing at other strikes was very small, this emerged as max COI strike. General consensus as reflected by option chain remains that NIFTY will not break down beyond 7800 easily.
Looking forward to views / corrections from seniors
Today's observations -
1. Puts OI Change Max @ 8000 strike around 5L -> 8000 emerging as good support
2. Puts OI Change @ 7850 also around 5L -> suggesting the same...
However,
3. Puts OI Change Max @ 7800 strike around -10L -> confused...please help understand the possible interpretation of the same...
Hi,
First of all we may see more volatility before FOMC event & final decision on Grexit.
Yesterday I observed large call writing @ 8100 , 8000 which were squared during last hour and market rallied by 80 pts ( from 8950).
Presently 7850,8000 puts do suggest some bullishness.
IMO 7800 is too far to hugely affect daily movement of the market just like 8500 calls ( which was - ve ). Btw now the longer term resistance have shifted to 8200 from 8500 yesterday.
Deep OTM options would have yielded +ve returns for this series by now and we may see profit taking time to time.
More reasons for us to write deep OTM options at the beginning of the series
First of all we may see more volatility before FOMC event & final decision on Grexit.
Yesterday I observed large call writing @ 8100 , 8000 which were squared during last hour and market rallied by 80 pts ( from 8950).
Presently 7850,8000 puts do suggest some bullishness.
IMO 7800 is too far to hugely affect daily movement of the market just like 8500 calls ( which was - ve ). Btw now the longer term resistance have shifted to 8200 from 8500 yesterday.
Deep OTM options would have yielded +ve returns for this series by now and we may see profit taking time to time.
More reasons for us to write deep OTM options at the beginning of the series
Hi,
First of all we may see more volatility before FOMC event & final decision on Grexit.
Yesterday I observed large call writing @ 8100 , 8000 which were squared during last hour and market rallied by 80 pts ( from 8950).
Presently 7850,8000 puts do suggest some bullishness.
IMO 7800 is too far to hugely affect daily movement of the market just like 8500 calls ( which was - ve ). Btw now the longer term resistance have shifted to 8200 from 8500 yesterday.
Deep OTM options would have yielded +ve returns for this series by now and we may see profit taking time to time.
More reasons for us to write deep OTM options at the beginning of the series
First of all we may see more volatility before FOMC event & final decision on Grexit.
Yesterday I observed large call writing @ 8100 , 8000 which were squared during last hour and market rallied by 80 pts ( from 8950).
Presently 7850,8000 puts do suggest some bullishness.
IMO 7800 is too far to hugely affect daily movement of the market just like 8500 calls ( which was - ve ). Btw now the longer term resistance have shifted to 8200 from 8500 yesterday.
Deep OTM options would have yielded +ve returns for this series by now and we may see profit taking time to time.
More reasons for us to write deep OTM options at the beginning of the series
Similar threads
-
-
-
Fall in volume of trading in Nifty-50 call options in 2016?
- Started by srikanthyadav444p
- Replies: 0
-
Too much risk in trading BankNifty or its options. Views welcome.- Started by kingsmasher1
- Replies: 10
-
