No additional long is added. No change in max pain, but CE is unwound @ 11000. May go slightly up. Time to sell PE

Time: 7:15​​ am ​​ VIX:​​ 26.51 ​​​​ ​​ SGX Nifty: ​​ 10600​​ FII:​​ -557​​ Cr​​ DII:​​ +909​​ Cr

 

Option Data Analysis

 

Index

Max Pain

PCR

Highest OI

PE

CE

Highest Increase in OI

PE

 CE

Nifty

10300

1.54

10000

11500

10200​​ (50%)

10600​​ (62%)

Banknifty

21500

0.83

20000

23000

22000​​ (40%)

23000 (50%)

 

Future Analysis (Nifty & Banknifty)

Symbol

Expiry Date

Last Price

Chg
(Rs)

Chg
(%)

Open Interest

Change in OI

Change (%)

NIFTY

30-Jul-20

10,554.00

145.70

1.40%

10,700,700

-37,425

-0.35%

BANKNIFTY

30-Jul-20

22,005.05

74.60

0.34%

1,338,625

-14,875

-1.10%

 

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

  • Global​​ market is up and SGX nifty is up.

  • FII is in sell mode

  • Highest PE is at 10000 and highest CE is at​​ 11500.

  • PEs are added at​​ 10200​​ and CEs are added at​​ 10600

  • More number of PEs are added than​​ CEs

  • MAX Pain is at 10300 (no change)

  • PCR is not changing much

  • Net future Position is in​​ neutral

  • Time to sell more PEs.

 

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

 

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

  • Highest PE is at 20000 and Highest CE is at​​ 23000.

  • PEs are sold at​​ 22000​​ and CEs are sold at​​ 23000.

  • More number of PEs have been added than CEs

  • Max Pain is at 21500 (no change)

  • PCR is not changing much

  • Net future position is in​​ neutral

  • Better to sell PEs

 

Executed Trades

 

  • Managed calendar in expiry

  • Made 0.50% in expiry trading

  • Created 10700 short straddle to defend 10000 short straddle

 

Trading Plan

  • Will manage Shor straddle,​​ Ratio Spreads

 

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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