Not much speculation in future,PCR,max Pain.May go flat. Time to sell ratio spreads in CE and PE
Time: 7:50 am VIX: 24.11 SGX Nifty: 11236 FII: -352 Cr DII: -506 Cr
Option Data Analysis - Aug
Highest Increase in OI
Future Analysis (Nifty & Banknifty)
Nifty (Over all FNO Position: Range-bound)
Global market is flat and SGX nifty is flat
FII is in BUY mode
Highest PE is at 10000 and highest CE is at 11500.
PEs are added at 11000 and CEs are added at 11500
More number of CEs are added than PEs
MAX Pain is at 11000 (no change)
PCR is not changing
Net future Position is in neutral
Good time to have ratio spreads
Banknifty (Over all FNO Position: Range-bound)
ICICI Bank is flat and HDFC Bank is up in USA.
Highest PE is at 20000 and Highest CE is at 23000.
PEs are sold at 22000 and CEs are sold at 22500.
More number of CEs have been added than PEs
Max Pain is at 22000 (no change)
PCR is not changing
Net future position is in neutral
Good time to have ratio spread
Rolled up lower PEs from 10000 to 10400
Sold 11800 CE
Will manage straddle and ratio spread
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.
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