Put option writing

[drwriter]

Current outstanding Option trades

NIFTY Bought CE OCT 6400 @ 0.85

Recent Trades
None

30/10/2013 EOD Setup

NIFTY supports are at 6177 and then 6138

NIFTY IV in both puts and calls increased today as volatility is expected tommorrow because of FOMC meet outcome tonight. OCT 6400 CE was bought today out of curiosity.

BankNifty immediate supports at 11030 and then 10955.

ICICI Bank immediate support at 1069 and then hourly close support at 1036.

Current outstanding Option trades

None

Recent Trades

None

31/10/2013 EOD Setup

NIFTY hourly supports are at 6177 and immediate support at 6232

NIFTY IV is low in both Calls and Puts in November series and not worth to write any of them as of now. Market is perhaps expecting a range bound movement in the coming days.Any fall in NIFTY will be shallow and seems to be limited upto 6150.

BankNifty hourly supports at 11030 and immediate support at 11298.Only resistance remaining for BankNifty is at 11657 closing to get into bullish mode.

ICICI Bank entered in bullish mode and immediate support at 1094, 1069 and then hourly close support at 1036.

October series is an eventful one for all put writers.

 

[drwriter]

These are my Oct-13 series trades

 

[drwriter]

Current outstanding Option trades

UNIONBANK Sold PE NOV 130 @6.6

Recent Trades

None

01/11/2013 EOD Setup

NIFTY hourly supports are at 6177 and immediate support at 6232 and

NIFTY IV is very low in both Calls and Puts in November series and not worth to write any of them as of now. A range bound movement seems to be the order for next few days.NIFTY future Open Interest suggests upward bias as there is still room for OI addition.

BankNifty hourly supports at 11030 and immediate support at 11298.BankNifty as expected is facing resistance at 11657 closing to get into bullish mode.

Union Bank seems to came out of bear grip and a close above 134 is needed.Support is at 123.5

 

[anildhaka88]

Hi Friends yesterday i am having 15900 qty nifty 6300 put and i have not sold that
today i have checked and surprised that i have to pay 126000 Rs in the form of STT
i am not understanding what to...

 

[drwriter]

Hi Friends yesterday i am having 15900 qty nifty 6300 put and i have not sold that
today i have checked and surprised that i have to pay 126000 Rs in the form of STT
i am not understanding what to...

Hi anildhaka88


As you bought 6300 put and it expired ITM-In The Money at 6299 your put options are considered excercised by the exchange as you did not closed your position before closing hours.All
ITM options that got excercised by the exchange will atract an STT of 0.125% of total contract value, wheras if you close your position before closing time STT will be only 0.017% on premium value on sell side. So you are in loss despite your position in ITM and do close your all ITM positioons before expiry next time.

 

[drwriter]

Current outstanding Option trades

UNIONBANK Sold PE NOV 130 @6.6

Recent Trades

None

01/11/2013 EOD Setup

NIFTY hourly supports are at 6177 and immediate support at 6232 and

NIFTY IV is very low in both Calls and Puts in November series and not worth to write any of them as of now. A range bound movement seems to be the order for next few days.NIFTY future Open Interest suggests upward bias as there is still room for OI addition.

BankNifty hourly supports at 11030 and immediate support at 11298.BankNifty as expected is facing resistance at 11657 closing to get into bullish mode.

Union Bank seems to came out of bear grip and a close above 134 is needed.Support is at 123.5

Current outstanding Option trades

UNIONBANK Sold PE NOV 130 @6.6

Recent Trades

None

05/11/2013 EOD Setup

NIFTY hourly supports are at 6177 and immediate support at 6232 and

NIFTY IV is low in both Calls and Puts in November series despite today fall of 60 points. A range bound movement with upward bias seems to be the way forward .

BankNifty hourly supports at 11030 and immediate support at 11298.BankNifty as expected is facing resistance at 11657 closing to get into bullish mode.

Union Bank had a close above 134 and supported with good cash delivery volumes.Support is at 123.5 .
ICICI Bank immediate support at 1094 and then at 1069 and 1050.

 

[drwriter]

Current outstanding Option trades
UNIONBANK Sold PE NOV 125 @4.6
UNIONBANK Sold PE NOV 130 @6.6

Recent Trades

UNIONBANK SOLD PE NOV 125 @4.6

06/11/2013 EOD Setup

NIFTY today broke 6232 support and next good support is at 6177 and and then 6094

NIFTY IV is still low in both Calls and Puts in November series and market is in longs unwinding mode.This consolidation might be over tommorrow if NIFTY got support at 6177 hourly closing basis. Sellers get active only below 6094.

BankNifty hourly supports at 11030 and immediate support at 11298.BankNifty might move towards 11030 for consolidation.
UNIONBANK had some profit booking today with a close below 134 and gave opportunity for writing Puts with good IV .Support is at 123.5 .
ICICI Bank support at 1094 is broken today and it may head towards 1069 support.PUT IV is not going up despite fall in price indicating the downmove as a consolidating one. Strong support is at 1050.

 

[trader15]

Current outstanding Option trades
UNIONBANK Sold PE NOV 125 @4.6
UNIONBANK Sold PE NOV 130 @6.6

Recent Trades

UNIONBANK SOLD PE NOV 125 @4.6

06/11/2013 EOD Setup

NIFTY today broke 6232 support and next good support is at 6177 and and then 6094

NIFTY IV is still low in both Calls and Puts in November series and market is in longs unwinding mode.This consolidation might be over tommorrow if NIFTY got support at 6177 hourly closing basis. Sellers get active only below 6094.

BankNifty hourly supports at 11030 and immediate support at 11298.BankNifty might move towards 11030 for consolidation.
UNIONBANK had some profit booking today with a close below 134 and gave opportunity for writing Puts with good IV .Support is at 123.5 .
ICICI Bank support at 1094 is broken today and it may head towards 1069 support.PUT IV is not going up despite fall in price indicating the downmove as a consolidating one. Strong support is at 1050.

Where are you getting these support levels from and why 6094 activates sellers

 

[drwriter]

Hi trader15,
I am getting these support levels from a combination of MACD ,RSI and ADX(+DI/-DI). 6094 is the level as of now according to +DI/-DI for sellers to activate.

 

[drwriter]

Current outstanding Option trades
UNIONBANK Sold PE NOV 125 @4.6
UNIONBANK Sold PE NOV 130 @6.6

Recent Trades

UNIONBANK SOLD PE NOV 125 @4.6

06/11/2013 EOD Setup

NIFTY today broke 6232 support and next good support is at 6177 and and then 6094

NIFTY IV is still low in both Calls and Puts in November series and market is in longs unwinding mode.This consolidation might be over tommorrow if NIFTY got support at 6177 hourly closing basis. Sellers get active only below 6094.

BankNifty hourly supports at 11030 and immediate support at 11298.BankNifty might move towards 11030 for consolidation.
UNIONBANK had some profit booking today with a close below 134 and gave opportunity for writing Puts with good IV .Support is at 123.5 .
ICICI Bank support at 1094 is broken today and it may head towards 1069 support.PUT IV is not going up despite fall in price indicating the downmove as a consolidating one. Strong support is at 1050.

Current outstanding Option trades
UNIONBANK Sold PE NOV 125 @4.6
UNIONBANK Sold PE NOV 130 @6.6

Recent Trades

None

07/11/2013 EOD Setup

NIFTY today reached good support which is around 6177 as expected and final support is at 6098.Any close below 6098 tommorrow attract selling. Slight resistance is at 6246.

NIFTY IV is very low in Calls and there is slight uptick in Puts in November series and premiums are not good for writing.

BankNifty moved towards 11030 for consolidation as expected and if broken next support level is at 10700
UNIONBANK experienced decent selling today but PUT IVs are in control as of today.Support is at 123.5 .
ICICI Bank reached its strong support is at 1050 and despite decent selling PUT IVs have contracted rather than increasing indicating not much concern about downside.