Aggregate long is still on. More PEs are added in BNF and pain went up to 31500. Looks positive. Time to sell more PE with hedge

Time: 8:35​​ am VIX:​​ 22.85​​ SGX Nifty:​​ ​​ 14624​​ FII:​​ +571​​ DII:​​ -1334

 

Option Data Analysis (Jan)

 

Index

Max Pain

PCR

Highest OI

PE

CE

Highest Increase in OI

PE

 CE

Nifty

14000

1.82

14000

15000

14500(79%)

15000 (10%)

Banknifty

31500

1.62

28000

33000

28500 (5%)

33500 (62%)

 

Future Analysis (Nifty & Banknifty)

Symbol

Expiry Date

Last Price

Chg
(Rs)

Chg
(%)

Open Interest

Change in OI

Change (%)

NIFTY

28-Jan-21

14,599.90

110.65

0.76%

14,686,425

834,525

6.02%

BANKNIFTY

28-Jan-21

32,458.00

361.75

1.13%

1,644,125

77,950

4.98%

​​ 

Nifty​​ (Over all FNO Position: Range-bound​​ with positive)

  • Global market is​​ mixed and SGX nifty is flat

  • FII is in buy mode

  • Highest PE is at 14000 and highest CE is at 15000.

  • PEs are added at 14500 and CEs are added at 15000

  • More number of PEs are added than CEs

  • Max pain is at 14000 (No change in max pain)​​ 

  • PCR is not​​ changing

  • Net future Position is in neutral

  • Time for iron condor in Feb

 

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

 

  • ICICI Bank is​​ up​​ and HDFC Bank is up in USA.

  • Highest PE is at 28000 and Highest CE is at 33000

  • PEs are sold at 28500 and CEs are sold at 33500

  • More number of CEs have been added than PEs

  • Max Pain is at 31500 (up by 100 points)

  • PCR is not changing

  • Net future position is in neutral

  • Time to sell PE

 

Executed Trades

  • Rolled up CE and PE - Chicken IC

  • Exited Elite with​​ profit of 4.8K

  • Sold 13600 PE - Straddle

Trading Plan

  • Will Manage Chicken IC, Elite+ and Straddle

 

My 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.

 

 

Leave comment

Your email address will not be published. Required fields are marked with *.