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No speculation in future with Max Pain moving up & Bit volume of CEs area added.Bullish. Sell OTM PE with hedge

Time VIX SGX Nifty FII DII
15 October 2019 08:43:09 17.43 11371.5 896 -425

Option Interest Data Analysis (Weekly)

 

Script Max Pain PCR High OI PE High OI CE Chng OI PE Chng OI CE
Nifty 11300 0.99 11300 11400 11300 11450
Banknifty 28200 0.78 27000 29500 27500 28500

Future Data Analysis

 

Symbol Expiry Date Last Price Chg(Rs) Chg(%) Open Interest Change in OI Change (%)
NIFTY 31-Oct-19 11329.05 17.35 0.15% 14377650 -379125 -2.57%
BANKNIFTY 31-Oct-19 28210.00 71.40 0.25% 1468680 -58680 -3.84%

 

Nifty. (Over all FNO Position: Bullish)
SGX Nifty is 0.32 Up and Global market is down
FII is in Buy side
Highest OI in PE is moved to 11300 and Highest OI in CE is moved to 11400
PEs are sold at 11300 and CEs are sold at 11450
More number of PEs have been added than CEs
Max Pain is at 11300 (Up by 50)
PCR value is not changing much
Net Future Position : Neutral
Preferred Strategy: Sell OTM PE with hedge

 

Banknifty. (Over all FNO Position: Bullish)
HDFC Bank is -0.41% down & ICICI Bank ADR is flat in USA in USA
Highest OI in PE is moved down to 27000 and Highest OI in CE is moved to 29500
PEs are sold at 27500 and CEs are sold at 28500
More number of PEs have been added than CEs
Max Pain is at 28200 (Up by 100)
PCR value is not changing much
Net Future Position : Neutral
Preferred Strategy: Sell OTM PE with hedge

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 РActive 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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