Though CEs are added bit, still pain moves up. May result in consolidation with positive note. Time for iron condor in Feb

Time: 8:25 am VIX:​​ 23.03​​ SGX Nifty:​​ ​​ 14568​​ FII:​​ +1077​​ DII:​​ -188

 

Option Data Analysis (Jan)

 

Index

Max Pain

PCR

Highest OI

PE

CE

Highest Increase in OI

PE

 CE

Nifty

14150

1.68

14000

15000

13850(85%)

15000 (12%)

Banknifty

31700

1.58

28000

33000

32500 (130%)

32500 (11%)

 

Future Analysis (Nifty & Banknifty)

Symbol

Expiry Date

Last Price

Chg
(Rs)

Chg
(%)

Open Interest

Change in OI

Change (%)

NIFTY

28-Jan-21

14,633.50

27.35

0.19%

13,226,850

5,925

0.04%

BANKNIFTY

28-Jan-21

32,710.00

24.85

0.08%

1,400,800

23,175

1.68%

 

Nifty​​ (Over all FNO Position: Range-bound with​​ positive bias)

  • Global market is​​ mixed​​ and SGX nifty is flat

  • FII is in buy mode

  • Highest PE is at 14000 and highest CE is at 15000.

  • PEs are added at 13850 and CEs are added at 15000

  • More number of CEs are added than PEs

  • Max pain is at 14150 (Up by 50​​ points)​​ 

  • PCR is not changing

  • Net future Position is in neutral

  • Time for iron condor in Feb

 

Banknifty​​ (Over all FNO Position:​​ Range-bound with positive bias)

 

  • ICICI Bank is​​ down​​ and HDFC Bank is​​ flat​​ in USA.

  • Highest PE is at 28000 and Highest CE is at 33000

  • PEs are sold at​​ 32500 and CEs are sold at 32500

  • More number of PEs have been added than CEs

  • Max Pain is at 31700 (Up by 200 points)

  • PCR is not changing

  • Net future position is in​​ neutral

  • Time​​ for Jeep in Jan

 

Executed Trades

  • Exited chicken IC

  • Taken 14600 Straddle

  • Exited 15000 CE & Sold 15200 * 2 – Straddle

  • Taken reverse Jeep in BNF

Trading Plan

  • Will Manage​​ Jeep​​ and Straddle

 

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.

 

 

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