Speculation has come down in FNO, market may roam around pain 14600 and 32500. Time to create short strangle with hedging
Time: 8:45 am VIX: 20.46 SGX Nifty: 14633 FII: -731 DII: +244
Option Data Analysis (Apr)
Highest Increase in OI
Future Analysis (Nifty & Banknifty)
Nifty (Over all FNO Position: Range-bound)
Global market is mixed 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 14000 and CEs are added at 14900
More number of CEs are added than PEs
Max pain is at 14600 (No change in max pain)
PCR is not changing
Net future Position is in Neutral
Time to sell strangle with hedging
Banknifty (Over all FNO Position: Range-bound)
ICICI Bank is up and HDFC Bank is up in USA.
Highest PE is at 30000 and Highest CE is at 33500
PEs are sold at 31000 and CEs are sold at 32000
More number of PEs have been added than CEs
Max Pain is at 32500 (Down by 200 points)
PCR is not changing
Net future position is in Neutral
Time to sell strangle with hedge
Added 2 X 13300PE
Hedged same in weekly.
Did intraday option selling – BNF (21 lots on each strike)
Will manage short strangle
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.