FNO looks abosulte flat. No speculation & no change in pain & PCR, but still Banknifty is strong. Time for Ratio Spread in Sep
Time: 8:29 am VIX: 20.85 SGX Nifty: 11324 FII: +351 Cr DII: -940 Cr
Option Data Analysis
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 11000 and highest CE is at 11500.
PEs are added at 10600 and CEs are added at 11400
More number of PEs are added equal to CEs
MAX Pain is at 11100 (no change)
PCR is not changing
Net future Position is in neutral
Good time to have ratio spread in Sep
Banknifty (Over all FNO Position: Range-bound)
ICICI Bank is down and HDFC Bank is up in USA.
Highest PE is at 20000 and Highest CE is at 22500.
PEs are sold at 22000 and CEs are sold at 22500.
More number of PEs have been added than CEs
Max Pain is at 22000 (no change)
PCR is not changing
Net future position is in neutral
Good time for short strangle
Rolled down 11550 CE to 11450 CE
Sold 22700 CE & 21800 PE with hedge
Will manage only ratio spread and calendar spread
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.
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