Re: Tracking Smart Money Using Options
Shukriya Bhaijan, ish lazwaab thread ke liye.. Wah Wah... Wah Wah
This will become one of regular thread to visit on TJ for me now.
What I like most is that u are giving prev days info as well and showing the shift in trend. Great stuff, SM. Keep it up.
Dho Farmaish, hamari.. agar ho sake tho implement it..else keep it pending ..
- If you can put the ground rules of OI interpretation like "increase in put OI = bullish" etc etc.., then it will make job of many reader lot more easy.
- While mentioning OI shift from yesterday, if would be better to just put a NIFTY spot data as well so that comparision becomes easy when someone looks at this post after 3 months..
Today we know the move of NIFTY.. but quite possible, we won't remember if nifty went up from 22/July to 23/July ?
Another question - have u observed any typical range of change in OI where it gives no reliable info. but if change is beyond some number, then it is worth paying attention.
Say - 50% to 60% change in OI is normal.. no big deal.. but change in OI by 150% is worth paying attention to.
Thanks again and
Happy Trading