Though there was a rally, no long added. Only max pain moved up bit high. Global cues are negative, but FNO data is positive. Better to stay away
Time: 8:45 am VIX: 22.09 SGX Nifty: 15035 FII: +2089 DII: +393
Option Data Analysis (Mar)
Index | Max Pain | PCR | Highest OI
| Highest Increase in OI
| ||||||
Nifty | 14800 | 1.81 | 14000 | 16000 | 15000(20%) | 15100 (39%) | ||||
Banknifty | 35500 | 0.99 | 34000 | 37000 | 36000 (99%) | 36500 (15%) | ||||
Future Analysis (Nifty & Banknifty)
Symbol | Expiry Date | Last Price | Chg | Chg | Open Interest | ||
25-Mar-21 | 15,300.00 | 341.85 | 2.29% | 10,287,525 | 97,650 | 0.96% | |
25-Mar-21 | 36,485.00 | 1,030.15 | 2.91% | 1,504,300 | -89,725 | -5.63% |
Nifty (Over all FNO Position: Slightly Bullish)
Global market is up and SGX nifty is up
FII is in buy mode
Highest PE is at 14000 and highest CE is at 16000.
PEs are added at 15000 and CEs are added at 15100
More number of PEs are added than CEs
Max pain is at 14800 (Up by 100 points)
PCR is not changing
Net future Position is in neutral
Time to sell PE with hedge
Banknifty (Over all FNO Position: Slightly Bullish)
ICICI Bank is up and HDFC Bank is down in USA.
Highest PE is at 34000 and Highest CE is at 37000
PEs are sold at 36000 and CEs are sold at 36500
More number of PEs have been added than CEs
Max Pain is at 35500 (Up by 500 points)
PCR is not changing
Net future position is in neutral
Time to sell PE with hedge
Executed Trades
Rolled up CEs from 16000 to 16300
Rolled up PEs from 13000 to 13800
Exited 13200 PE
Sold 13900 PE - 1 lot
Trading Plan
Will manage strangle
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.