Trade Nifty Options Using Open Interest

[ankurpcl]

Today's Strategy in Carry Forward as below:

SnapShot: Nifty moves in narrow range of 6180 to 6220 levels, thus providing breakout in either direction today or tomorrow. Next levels to watch for once breakeven points taken out: 6110 and 6290

Strategy:
Between 6150 and 6250 no action require.
If market breaks 6150 levels and settles between 6110 and 6150 today,
6200 Puts and Call hedge positions need to square off, with new positions to be written after calculating Open Interest which is building Up.

On Up Side, no strategy seems to require today as chances of breaking 6250 not seem possible as of now. But if its get break then will design the strategy accordingly.

 

[ankurpcl]

Booked profits in 6050 put today at 28 sold at 40.
6200 PUT AND CALL SOLD POSITION STILL ACTIVE.
1 New position added at levels of 6400 Call Sell same time at levels of 25

 

[ankurpcl]

Todays trade summary as below:
6200 PUT AND CALL SOLD POSITION STILL ACTIVE.
6050 put Sold today at 28 covered again at 40. (Points Gain 12)
6400 Call Sell at 25 covered at 12 (Points Gain 13)

So we are back as far as strategy is concerned but booked 25 points profit during this bang bang movement by NIFTY.

 

[timepass]

Todays trade summary as below:
6200 PUT AND CALL SOLD POSITION STILL ACTIVE.
6050 put Sold today at 28 covered again at 40. (Points Gain 12)
6400 Call Sell at 25 covered at 12 (Points Gain 13)

So we are back as far as strategy is concerned but booked 25 points profit during this bang bang movement by NIFTY.

6050 put sold at 28, bought at 40, wouldn't that be a 12 points loss ?? Not gain .....

 

[ankurpcl]

Yes right, it was typing mistake.

 

[ankurpcl]

Options Update at 08:20 AM:

6200 PUT AND CALL SOLD POSITION STILL ACTIVE.
(Premium Captured 196, Premium existing 160,
Safe Traders may start booking profits once premium levels comes to 150 levels or so others can hold the position till nifty breaks 6150 or 6250 on either side closing basis)
6050 PUT SELL Position STILL ACTIVE
(Premium Captured 40)
(For this position, hedging will be done once nifty reaches 6110 levels, till then no action require for this)

 

[ankurpcl]

Options Update 11:40 AM

6200 PUT, CALL POSITIONS SQUARE OFF AT LEVELS OF 160
Net Points Captured: 196-160 = 36

Same time 6100 Put SELL Position Open at levels of 32,
6050 PUT SELL Position Active as of now.

 

[ankurpcl]

Today's Trades Summary as below:
6050 PUT COVERED AT LEVELS OF 15
Net Points Booked: 40-15 = 25
6100 PUT SELL STILL OPEN
1 NEW POSITION ADDED IN TODAYS TRADE AS BELOW:
6300 PUT, 6300 CALL BOTH SOLD WITH PREMIUM CAPTURED 155

 

[ankurpcl]

Options Second Last Update for Jan Series Expiry:

6100 PUT CLOSED IN TODAYS TRADE AT LEVELS OF 12
Points Captured: 32-12 = 20

6300 calls and put SELL still active with final SL as 6240 and 6360 levels on Nifty.

After this trade no more trades for this month as profit target for this month has achieved, See you all in this thread again for next month series.

 

[ankurpcl]

Options Update
Open interest analysis shows nifty to be between 6280 and 6320 on second last day before expiry. Considering same stoploss for 6300 call and put sold has widen to 6150 and 6450.
Since this is last trade of this month expiry so no hurry in booking profits and taking some new positions.