FNO data still looks weak, but global cues look positive. High OI in PE is still @ 9000. Sell options based on today close value (above or below 9000)
Time: 8:50 am VIX: 40.90 SGX Nifty: 8972 FII: -2513 Cr DII: -152
Option Data Analysis
Highest Increase in OI
Future Analysis (Nifty & Banknifty)
Nifty (Over all FNO Position: Bearish)
Global market is up and SGX nifty is up.
FII is in sell mode
Highest PE is at 9000 and highest CE is at 10000.
PEs are added at 8200 and CEs are added at 9000
More number of CEs are added than PEs
MAX Pain is at 9200 (down by 100 points)
PCR is coming down
Net future Position is in short
Time to sell call ratio
Banknifty (Over all FNO Position: Slightly Bearish)
ICICI Bank is down and HDFC Bank is up in USA.
Highest PE is at 19000 and Highest CE is at 19000.
PEs are sold at 16500 and CEs are sold at 18000.
More number of CEs have been added than PEs
Max Pain is at 19000 (no change)
PCR is not changing
Net future position is in short
Time to sell call ratio with hedge
Sold Many CEs in May Month
Sold 9100 CE in current Week
Will Manage the 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.
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