No speculations in future with Max Pain moving down & More CEs are added.Ultra Bearish. Sell near OTM CE

Time VIX SGX Nifty FII DII
04 September 2019 08:38:03 18.055 10852.5 -2016 1251

Option Interest Data Analysis (Weekly)

 

Script Max Pain PCR High OI PE High OI CE Chng OI PE Chng OI CE
Nifty 10900 0.54 10800 11000 10800 11000
Banknifty 27000 0.39 26500 27500 26000 27500

Future Data Analysis

 

Symbol Expiry Date Last Price Chg(Rs) Chg(%) Open Interest Change in OI Change (%)
NIFTY 26-Sep-19 10813.8 -245.1 -2.22% 17812800 387375 2.22%
BANKNIFTY 26-Sep-19 26810.0 -710.9 -2.58% 1645760 195420 13.47%

 

Nifty. (Over all FNO Position: Ultra Bearish)
SGX Nifty is 0.31 Up and Global market is down
FII is in Sell side
Highest OI in PE is moved down to 10800 and Highest OI in CE is moved down to 11000
PEs are sold at 10800 and CEs are sold at 11000
More number of CEs have been added than PEs
Max Pain is at 10900 (Down by 100)
PCR value is not changing much
Net Future Position : Bit Short Build Up
Preferred Strategy: Sell near OTM CE

 

Banknifty. (Over all FNO Position: Ultra Bearish)
HDFC Bank is -2.59% down & ICICI Bank is -4.27% down in USA
Highest OI in PE is moved down to 26500 and Highest OI in CE is moved down to 27500
PEs are sold at 26000 and CEs are sold at 27500
More number of CEs have been added than PEs
Max Pain is at 27000 (Down by 500)
PCR value is lower than 0.5
Net Future Position : Short Build Up
Preferred Strategy: Sell near OTM CE

Executed Trades


Sold only CEs and made MTM profit of 30K


Trading Plan

Will Sell near OTM CE (Nifty)
Will Sell near 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 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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