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

 

Index

Max Pain

PCR

Highest OI

PE

CE

Highest Increase in OI

PE

 CE

Nifty

11100

1.53

11000

11500

10600 (25%)

11400 (44%)

Banknifty

22000

0.89

20000

22500

22000 (75%)

22500 (37%)

 

Future Analysis (Nifty & Banknifty)

Symbol

Expiry Date

Last Price

Chg
(Rs)

Chg
(%)

Open Interest

Change in OI

Change (%)

NIFTY

27-Aug-20

11,314.00

-30.35

-0.27%

10,490,475

176,850

1.71%

BANKNIFTY

27-Aug-20

22,290.85

-5.50

-0.02%

1,589,675

279,125

21.30%

​​ 

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

Executed Trades

 

  • Rolled down 11550 CE to 11450 CE

  • Sold 22700 CE & 21800 PE with hedge

 

Trading Plan

  • Will manage only ratio spread and calendar spread

 

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.

 

 

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