A bit Short is added under low VIX condition. Pain also reacted to it. Time to do call ratio or reverse call calendar

Time:​​ 7:45​​ am  ​​ VIX:​​ 11.12 ​​​​ SGX Nifty:​​ ​​ 12127​​ ​​ FII:​​ -504​​ Cr ​​ DII:​​ +120

 

Option Data Analysis

 

Index

Max Pain

PCR

Highest OI

PE

CE

Highest Increase in OI

PE

 CE

Nifty

12100

1.00

11500

12200

12200 (38%)

12200 (40%)

Banknifty (M)

32000

0.79

31500

33000

31500​​ (61%)

32500 (100%)

 

Nifty and Banknifty​​ 

 

 

NIFTY

30-Jan-20

12,196.00

-97.75

-0.80%

12,279.95
12,188.00

12,234.86

11,851,500

3,680,400

45.04%

7,252,650
4,778,325

51.78%

BANKNIFTY

30-Jan-20

32,160.00

-300.65

-0.93%

32,450.00
32,160.00

32,271.82

1,265,540

371,480

41.55%

1,332,600
517,640

157.44%

 

 

Nifty​​ (Over all FNO Position:​​ Slightly bearish)

 

Global market is​​ up​​ and SGX nifty is flat

FII is in buy side

Highest PE is at​​ 11500​​ and highest CE is at​​ 12200.

PEs are added at​​ 12200​​ and CEs are added at 12200

More number of CEs have been added than PEs

MAX Pain is at​​ 12100​​ (100 points down)

PCR is​​ coming down

Net future Position is​​ in short

Time to​​ sell CE​​ 

 

Banknifty​​ (Over all FNO Position:​​ Slightly bearish)

 

ICICI Bank is​​ down​​ and HDFC Bank is​​ down​​ USA.

Highest PE is at​​ 31500​​ and Highest CE is at​​ 33000.

PEs are sold at​​ 31500​​ and CEs are sold at 32500

More number of CEs have been added equal to PEs

Max Pain is at​​ 32000​​ (300 points down)

PCR is​​ coming down

Net future position is​​ in short

Time to​​ sell CE

 

Executed Trades

  • Done expiry trading and made a profit of 50K

  • But had a loss of 1L in positional. Net PL = 50K loss

 

Trading Plan

  • No trades till Tuesday

 

Open Positions​​ (No position)

 

 

 

Jegathesan 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 one of the prime Option Writing Trainer and tutored close to 1000 members till now.

He is the Mastermind of CapitalZone – Active Option Trading where Traders can avail Trading Chart with customised indicators, FNO tools and Payoff analysis. His keynote is to provide whole FNO deets to be handy for Traders in a sole place.

Now he is taking more heed on hedging portfolio in Option Writing where we might subject to more market risk. He is streamlining his strategies often and improving perpetually. At this time unfolding ways to measure good-quality Trend Following System.

Conducting workshop in all Metro Cities (Delhi, Mumbai, Bangalore, Chennai and Coimbatore) often based on queries from Traders.