Huge Shorts are added with Max Pain moving down & Bit volume of CEs area added. Range-bound with negative bias. Sell more far OTM CE and PE with hedge

 

Time VIX SGX Nifty FII DII
08 August 2019 08:29:41 16.74 10857.5 -384 532

Option Interest Data Analysis (Weekly)

 

Script Max Pain PCR High OI PE High OI CE Chng OI PE Chng OI CE
Nifty 10900 0.57 10800 11000 10650 11100
Banknifty 27800 0.54 27500 28500 27200 28300

Future Data Analysis

 

Symbol Expiry Date Last Price Chg(Rs) Chg(%) Open Interest Change in OI Change (%)
NIFTY 29-Aug-19 10865.0 -113.65 -1.04% 18617400 -168900 -0.90%
BANKNIFTY 29-Aug-19 27700.0 -409.75 -1.46% 1840180 48220 2.69%

 

Nifty. (Over all FNO Position: Range-bound with negative bias)
SGX Nifty is flat and Global market is up
FII is in Sell side
Highest OI in PE is at 10800 and Highest OI in CE is moved down to 11000
PEs are sold at 10650 and CEs are sold at 11100
More number of CEs have been added than PEs
Max Pain is at 10900 (Down by 50)
PCR value is not changing much
Net Future Position : Bit Profit Booking
Preferred Strategy: Sell more far OTM CE and PE with hedge

 

Banknifty. (Over all FNO Position: Slightly Bearish)
HDFC Bank is -0.78% down & ICICI Bank is -0.95% down in USA
Highest OI in PE is at 27500 and Highest OI in CE is moved down to 28500
PEs are sold at 27200 and CEs are sold at 28300
More number of CEs have been added than PEs
Max Pain is at 27800 (Down by 200)
PCR value is not changing much
Net Future Position : Bit Short Build Up
Preferred Strategy: Sell far OTM CE

Executed Trades

Link to Yesterday Trade logs

Trading Plan

Will Sell more far OTM CE and PE with hedge (Nifty)
Will Sell far OTM CE (Banknifty)

Open 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.