PUT and CALL options

[columbus]

DEC.17 DEC series Day.14 NIFTY=8030 (-38)

The Expected Zone has moved downwards further to (8250~8000) from (8350~8000).


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)


4 strikes on CALL side and 4 strikes on PUT side from the current strike ,as shown ,are analyzed.

Total-OI around 3 Million defined the boundaries now,except on one side.

Option chain based on TODAY'S Open Interest looked like this:

Around 2/3 of CALL window is GREY and on other hand no GREY was seen on PUT side.

 

[columbus]

DEC.18 DEC series Day.15 NIFTY=8160 (130)

The Expected Zone has expanded upwards to (8300~8000) from (8250~8000).


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)


4 strikes on CALL side and 4 strikes on PUT side from the current strike ,as shown ,are analyzed.

Total-OI above 2 Million defined the boundaries now.

Option chain based on TODAY'S Open Interest looked like this:

Today's change in Price showed CALLs above 8400 are still Negative even-
after such a massive rally. That means ,the chances of ,another massive rally ,are dim.
I hope,hoping another big rally ,in this hopeless situation, is hopeless because a lot of
damage was already in last 8 or 9 days in this series.

 

[columbus]

DEC.19 DEC series Day.16 NIFTY=8225 (65)

The Expected Zone has expanded upwards to (8300~8100) from (8300~8000).


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)


4 strikes on CALL side and 4 strikes on PUT side from the current strike ,as shown ,are analyzed.

Total-OI around 2 Million defined the boundaries now.(except for one boundary)

Option chain based on TODAY'S Open Interest looked like this:

Looks like expiry beyond 8400 is slim.

Though last 2 days saw a major recovery ,it did bring cheer on Futures Trader but it didn't
do the same to Options trader because the premium of CALL options are eroded significantly
previously.

 

[nune_siva]

How do you find though options data.

1.If if a particular strike Gates are closed / Opened

2. why operators tend to lose above a certain strike



Hope you will find time to enlighten me on the following with your sheet

 

[columbus]

How do you find though options data.

1.If if a particular strike Gates are closed / Opened

2. why operators tend to lose above a certain strike



Hope you will find time to enlighten me on the following with your sheet

1.If a particular strike Gates are closed / Opened

" Any premium value greater than Rs.10 is taken as ACTIVE and premiums less than Rs.10
is taken as INACTIVE (greyed out).".Please remember ,even in intraday ,changing from
active to inactive and vice versa is seen.

2. why operators tend to lose above a certain strike.

As time progresses within Expiry, the zone mentioned by me ,condenses or expands ,finally to narrow downs to one or two STRIKES.

As a thumb rule ,

Call Premium=Current-Your strike
Put Premium=Your strike-Current

a.Consider a case of your STRIKE at 8600CE and nifty expiring at 8400

Call Premium=8400-8600=-200.

Since there is no -ve value in Options ,then they will expire WORTHLESS.

b.Consider a case of Your strike at 8200PE and nifty expiring at 8400.

In that case also ,(8200-8400=-200) ,the PUT options at 8200 and less ,end WORTHLESS.

This is a just an example, but the situation in the beginning of the series is different ,because NUMBER OF DAYS TO EXPIRE is HIGH.

 

[nune_siva]

Thanks columbus for taking time & responding

 

[columbus]

DEC.22 DEC series Day.17 NIFTY=8324 (99)

The Expected Zone has moved upwards to (8400~8300) from (8300~8100).


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)


3 strikes on CALL side and 3 strikes on PUT side from the current strike ,as shown ,are analyzed.

Total-OI around 3 Million defined the boundaries now.(except for one boundary)



Option chain based on TODAY'S Open Interest looked like this:

 

[nune_siva]

Dear Columbus

Correct me if i am wrong

*Big moves happen during short covering.

If the answer is yes

why???

What factors should be observed at near strikes call & Put
to find out that short covering is ready to happen.

Pls enlighten

I am into options buying . I am usually on the side of trend.
Due to time decay i am losing on time factor and premium.
So i am not able to ride any up or down move to my advantage.

Regards

Siva Prasad

 

[stock72]

dear siva ,

in other way if we find out what usually happens after short covering we can react accordingly at the end of short covering .. what u say ?

Dear Columbus

Correct me if i am wrong

*Big moves happen during short covering.

If the answer is yes

why???

What factors should be observed at near strikes call & Put
to find out that short covering is ready to happen.

Pls enlighten

I am into options buying . I am usually on the side of trend.
Due to time decay i am losing on time factor and premium.
So i am not able to ride any up or down move to my advantage.

Regards

Siva Prasad

 

[columbus]

DEC.23 DEC series Day.18 NIFTY=8267 (-57)

The Expected Zone has moved downwards , to TWO strikes (8300~8250) from (8400~8300).


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)


2 strikes on CALL side and 2 strikes on PUT side from the current strike ,as shown ,are analyzed.




Option chain based on TODAY'S Open Interest looked like this: