FNO data smells range-bound day as there is not much change, but still PE writers are so strong. Time for IC and straddle in Jan
Time: 8:35 am VIX: 19.20 SGX Nifty: 13680 FII: +1982 DII: -1718
Option Data Analysis (Dec)
Highest Increase in OI
Future Analysis (Nifty & Banknifty)
Nifty (Over all FNO Position: Range-bound)
Global market is bit up and SGX nifty is flat
FII is in buy mode
Highest PE is at 13000 and highest CE is at 13000.
PEs are added at 13500 and CEs are added at 14200
More number of PEs are added than CEs
Max pain is at 13200 (No change in Max pain)
PCR is not changing
Net future Position is in neutral
Time for range bound strategies
Banknifty (Over all FNO Position: Range-bound)
ICICI Bank is down and HDFC Bank is up in USA.
Highest PE is at 27000 and Highest CE is at 31000
PEs are sold at 30000 and CEs are sold at 31000
More number of CEs have been added than PEs
Max Pain is at 30000 (No change in Max pain)
PCR is not changing
Net future position is in neutral
Time to for range-bound strategies
Exited put calendar - loss of Rs 2
Rolled up PEs – Strangle
Rolled up PEs & CEs - IC
Will manage short strangle, short straddle, calendar and chicken IC
Will start deploying in Jan
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.
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