Same setup as yesterday with same positive note. PE writers are so strong & pushed to 13200. BNF may join the party today. Time to sell PE
Time: 8:43 am VIX: 19.35 SGX Nifty: 13640 FII: +2484 DII: -2667
Option Data Analysis (Dec)
Index | Max Pain | PCR | Highest OI
| Highest Increase in OI
| ||||||
Nifty | 13200 | 1.84 | 13000 | 13000 | 13000(6%) | 13900 (9%) | ||||
Banknifty | 30000 | 1.35 | 27000 | 31000 | 28500 (15%) | 30500 (10%) | ||||
Future Analysis (Nifty & Banknifty)
Symbol | Expiry Date | Last Price | Chg | Chg | Open Interest | ||
31-Dec-20 | 13,582.50 | 10.90 | 0.08% | 12,186,600 | 348,525 | 2.94% | |
31-Dec-20 | 30,689.65 | -98.75 | -0.32% | 1,480,525 | -123,175 | -7.68% |
Nifty (Over all FNO Position: Range-bound with positive bias)
Global market is bit down and SGX nifty is flat
FII is in buy mode
Highest PE is at 13000 and highest CE is at 13000.
PEs are added at 13000 and CEs are added at 13900
More number of PEs are added than CEs
Max pain is at 13200 (Up by 100 points)
PCR is not changing
Net future Position is in neutral
Time for range bound strategies
Banknifty (Over all FNO Position: Range-bound)
ICICI Bank is up and HDFC Bank is up in USA.
Highest PE is at 27000 and Highest CE is at 31000
PEs are sold at 28500 and CEs are sold at 30500
More number of CEs have been added than PEs
Max Pain is at 30000 (No change in Max pain)
PCR is not changing
Net future position is in neutral
Time to for range-bound strategies
Executed Trades
Taken bit diagonal put calendar spread at 13550 (W) & 13500 (M) for debit 92
No changes - Strangle, Straddle, IC
Trading Plan
Will manage short strangle, short straddle, calendar and chicken IC
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.