Max Pain clearly climbs up to 11700 and 23500. More PEs are added. VIX may come down. Both Nifty & Banknifty look positive. Time to sell more PE with hedge
Time: 8:10 am VIX: 22.69 SGX Nifty: 11946 FII: +1585 Cr DII: -1633 Cr
Option Data Analysis (OCT)
Highest Increase in OI
Future Analysis (Nifty & Banknifty)
Nifty (Over all FNO Position: Slightly Bullish)
Global market is up and SGX nifty is up
FII is in buy mode
Highest PE is at 10500 and highest CE is at 12500.
PEs are added at 11900 and CEs are added at 12000
More number of PEs are added than CEs
MAX Pain is at 11700 (up by 100 points)
PCR is not changing
Net future Position is in neutral
Good time to sell more PE with hedge
Banknifty (Over all FNO Position: Slightly Bullish)
ICICI Bank is up and HDFC Bank is up in USA.
Highest PE is at 23000 and Highest CE is at 25000.
PEs are sold at 21500 and CEs are sold at 24500.
More number of PEs have been added than CEs
Max Pain is at 23500 (up by 200 points)
PCR is not changing
Net future position is in neutral
Good time to sell more PEs with hedge
Taken Call Calendar sold 11900 CE (OCT) bought 12000 CE (Nov)
Rolled up 11900 CE to 12200
Bought 11200 PE Weekly
Will manage Condor & Straddle
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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