Though there was a huge fall with moving down max pain, IO still hopes for support at 11000. Sell far OTM CE after 15 mins

​​ Time: 8:50 am  ​​ VIX:​​ 13.61 ​​​​ SGX Nifty:​​ ​​ 11053​​ ​​ FII:​​ -704 Cr ​​​​ DII: +1352 Cr

 

Option Data Analysis (Weekly)

 

Index

Max Pain

PCR

Highest OI

PE

CE

Highest Increase in OI

PE

 CE

Nifty

11150

0.46

11100

11300

11050

11100

Banknifty

29300

0.46

28500

29500

28500

29500

 

Future Data Analysis

 

Symbol

Expiry Date

Last Price

Chg(Rs)

Chg(%)

Open Interest

Change in OI

Change (%)

NIFTY

29-Aug-19

11102.9

-112.15

-1.00%

17336925

-671775

-3.73%

BANKNIFTY

29-Aug-19

28855.5

-517.65

-1.76%

1406460

-106320

-7.03%

 

 

Nifty​​ (Over all FNO Position: Bearish)

 

Global market is​​ down​​ and SGX nifty is​​ down

FII is in sell side

Highest PE is at 11200 and highest CE is at 11300

PEs are added at 11100 and CEs are removed at 11300

More number of CEs have been added than PE

MAX​​ Pain is at​​ 11150​​ (down by​​ 50​​ points)​​ 

PCR is coming down

Net future Position is in short

Time to sell CE

 

Banknifty​​ (Over all FNO Position: Slightly Bearish)

 

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

Highest PE is at​​ 28500​​ and Highest CE is at 29500.

PEs are sold at​​ 28500​​ and CEs are sold at 29500

More number of CEs have been added than PE

Max Pain is at 29000 (down​​ by​​ 300 points)

PCR is decreasing

Net future Position is in short

Time to sell CE

 

Executed Trades

  • Sold 29400, 29500, 29600 CEs and made a profit of 50K

 

Trading Plan

  • Will sell CE

 

Open Positions

 

 

 

 

 

 

 

 

 

 

 

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.