Huge Long are added with Max Pain moving down & Not much change in OI. Ultra Bearish. Sell near OTM CE

Time

VIX

SGX Nifty

FII

DII

06 August 2019 08:26:55

16.585

10796.0

-2017

1871

Option Interest Data Analysis (Weekly)

 

Script

Max Pain

PCR

High OI PE

High OI CE

Chng OI PE

Chng OI CE

Nifty

10900

0.61

10500

11200

10400

10900

Banknifty

27900

0.52

27000

29000

26600

28000

Future Data Analysis

 

Symbol

Expiry Date

Last Price

Chg(Rs)

Chg(%)

Open Interest

Change in OI

Change (%)

NIFTY

29-Aug-19

10897.0

-127.05

-1.15%

19886550

734775

3.84%

BANKNIFTY

29-Aug-19

27774.0

-553.30

-1.95%

1934960

211500

12.27%

 

Nifty. (Over all FNO Position : Ultra Bearish)

SGX Nifty is down-0.68 Down and Global market is down

FII is in Sell side

Highest OI in PE is moved down to 10500 and Highest OI in CE is moved to 11200

PEs are sold at 10400 and CEs are sold at 10900

More number of CEs have been added than PEs

Max Pain is at at 10900 (Down by 100)

PCR value is lower than 1.5

Net Future Position : Bit Short Build Up

Preferred Strategy: Sell near OTM CE

 

Banknifty. (Over all FNO Position : Ultra Bearish)

HDFC Bankis -3.86% down & ICICI Bankis -4.11% down in USA

Highest OI in PE is moved down to 27000 and Highest OI in CE is at 29000

PEs are sold at 26600 and CEs are sold at 28000

More number of CEs have been added than PEs

Max Pain is at at 27900 (Down by 500)

PCR value is lower than 1.5

Net Future Position : Short Build Up

Preferred Strategy: Sell near OTM CE

Executed Trades

  • Sold only CEs 28500 CE, 29000 CE, 11150 CE​​  

 

Trading Plan

  • Will sell CE

 

Open Positions

 

 

 

 

 

 

 

 

 

 

 

 

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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