Not much long added, but significant of PE OIs are added with great support at 14700. Time to sell more PE and less CE
Time: 8:55 am VIX: 20.25 SGX Nifty: 14942 FII: +227 DII: +381
Option Data Analysis (Apr)
Highest Increase in OI
Future Analysis (Nifty & Banknifty)
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 14000 and highest CE is at 15000.
PEs are added at 14500 and CEs are added at 15300
More number of PEs are added than CEs
Max pain is at 14700 (No Change in Max Pain)
PCR is not changing
Net future Position is in Neutral
Time to sell more PE and less CE
Banknifty (Over all FNO Position: Range-bound with positive bias)
ICICI Bank is up and HDFC Bank is down in USA.
Highest PE is at 30000 and Highest CE is at 40000
PEs are sold at 30000 and CEs are sold at 34000
More number of CEs have been added than PEs
Max Pain is at 33500 (No change in Max Pain)
PCR is not changing
Net future position is in Neutral
Time to sell more PE and less CEs
Exited Naked 36000 CE at 3.5
Sold 14700 PE (Monthly) for Elite+ Strategy
Added 2 put calendar - Sold 14850 PE (Weekly) – 1, Sold 14800 PE (Weekly) – 1, Bought 14800 PE (Monthly) – 2
Taken hedged ratio - Buy 15000 PE -1, lots Sell 14700 PE - 5 lots, Buy 14400 PE - 4 lots
Will manage butterflies and putcalendar
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.
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