It was just profit booking, no short added yet. No change in FNO data much. May go range-bound. Time for range-bound strategies in Dec

Time: 8:43 am VIX:​​ 19.57​​ SGX Nifty:​​ ​​ 12832​​ FII:​​ +1181​​ DII:​​ -2855

 

Option Data Analysis (NOV)

 

Index

Max Pain

PCR

Highest OI

PE

CE

Highest Increase in OI

PE

 CE

Nifty

12200

2.03

11000

13000

12500(47%)

13200 (68%)

Banknifty

28500

1.08

28000

30000

27000 (68%)

30000 (94%)

 

Future Analysis (Nifty & Banknifty)

Symbol

Expiry Date

Last Price

Chg
(Rs)

Chg
(%)

Open Interest

Change in OI

Change (%)

NIFTY

31-Dec-20

12,795.45

-178.25

-1.37%

2,072,400

253,800

13.96%

BANKNIFTY

31-Dec-20

28,897.85

-882.05

-2.96%

265,875

18,650

7.54%

​​ 

Nifty​​ (Over all FNO Position: Range-bound)

  • Global market is​​ flat​​ and SGX nifty is​​ flat

  • FII is in buy mode

  • Highest PE is at 11000 and highest CE is at 13000.

  • PEs are added at 12500 and CEs are added at 13200

  • More number of CEs are added than PEs

  • Max pain is at 12200​​ 

  • PCR is not changing

  • Net​​ future Position is in neutral

  • Good time for short strangle

 

Banknifty​​ (Over all FNO Position: Range-bound)

 

  • ICICI Bank is​​ down​​ and HDFC Bank is​​ down​​ in USA.

  • Highest PE is at 28000 and Highest CE is at 30000.

  • PEs are sold at 27000 and CEs are sold at 30000.

  • More number of CEs have been added than PEs

  • Max Pain is at 28500​​ 

  • PCR is not changing

  • Net future position is in​​ nuetral

  • Good time for short strangle

 

Executed Trades

  • Sold 13300 CE for chicken IC

  • Sold 13600 CE for strangle

  • MTM 7K​​ (Included expiry loss 30K)

Trading Plan

  • Will manage short strangle and chicken IC

 

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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