Social Distanced Covid-19 Trail Expiry Started Today with 10% Volume only. Stayed Far OTM Strike Price with only 10 trades and Grabbed 20K as MTM [ROI 0.13%]

Trading Terminal Trading Logs Buy/Sell Trading Symbol Total Qty Average Price ExchangeTimeStamp 0 BUY NIFTY30APR209650PE 1875 1.31 2020-04-30 13:44:34 1 SELL BANKNIFTY30APR2022300CE 1020 3.05 2020-04-30 13:05:58 2 SELL NIFTY30APR209650PE 1875 1.00 2020-04-30 12:24:26 3 SELL BANKNIFTY30APR2022700CE 1020 4.00 2020-04-30 11:10:10 4 SELL BANKNIFTY30APR2020800PE 1020 3.50 2020-04-30 10:34:05 5 SELL NIFTY30APR209500PE

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Aggressive long added with increasing max pain & decreasing VIX. Looks bullish. Time to sell more PE with hedge

Positions (24)   Run risk check View Reports Download Product Instrument Qty. Avg. LTP P&L Chg. NRML AXISBANK MAY 500 CE NFO -1200 13.50 22.45 -10,740.00 66.30% NRML BAJFINANCE MAY 3000 CE NFO -250 24.50 38.50 -3,500.00 57.14% NRML BANKNIFTY MAY 25000 CE NFO -200 156.00 64.25 +18,350.00 -58.81% NRML HDFC MAY 2000 CE NFO -250 11.50

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Long is added but max pain did not move up. Looks positive. Can sell more PEs with hedge and less CE in OTM

Positions (22)   Run risk check View Reports Download Product Instrument Qty. Avg. LTP P&L Chg. NRML AXISBANK MAY 500 CE NFO -1200 13.50 15.10 -1,920.00 11.85% NRML BAJFINANCE MAY 3000 CE NFO -250 24.50 19.90 +1,150.00 -18.78% NRML BANKNIFTY MAY 25000 CE NFO -200 156.00 70.20 +17,160.00 -55.00% NRML HDFC MAY 2000 CE NFO -250 11.50

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Still not much speculation, but pain moved up. May lead to range-bound. Time for short strangle with hedge

Jegathesan DurairajJegathesan Durairaj, a mathematician by qualification, an Ex-software professional and now a full time Risk Defined Option Writer. With his Open Book Strategies, he is the most known identity in twitter as itjegan, with huge followers. He had won Zerodha 60 Day Challenge – 10 Times round-the-clock. He is

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