Bit long added in Nifty and more PEs are added though pain came down. Looks positive. Time to sell more PEs and less CEs in May
Time: 8:35 am VIX: 20.89 SGX Nifty: 14610 FII: +980 DII: -527
Option Data Analysis (May)
Highest Increase in OI
Future Analysis (Nifty & Banknifty)
Nifty (Over all FNO Position: Range-bound)
Global market is up and SGX nifty is flat
FII is in buy mode
Highest PE is at 13500 and highest CE is at 15000.
PEs are added at 14000 and CEs are added at 15000
More number of PEs are added than CEs
Max pain is at 14500 (Down by 100 points)
PCR is not changing
Net future Position is in Long
Time to sell more PEs and less CE
Banknifty (Over all FNO Position: Range-bound)
ICICI Bank is up and HDFC Bank is up in USA.
Highest PE is at 31000 and Highest CE is at 35000
PEs are sold at 30000 and CEs are sold at 37000
More number of PEs have been added than CEs
Max Pain is at 32500 (No change in Max Pain)
PCR is not changing
Net future position is in Neutral
Time to sell strangle with hedge
Exited all PEs and 15600CE.
Will exit everything
Will create new positions in May
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.
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