General Trading Chat

jassinko

Well-Known Member
In March Series OI, the 7500 strike price is indicating we may see an upside which no one is expecting - just an educated guess - no indicator in market as of now - most probable scenario is hitting 7300 level and revert back - and market closing below 7200 in series
Significant addition in 7200-7350 calls shows that mkt will touch 7300 atleast and expiry closing might happen between same........

lets rock bulls.......... my hedged long is going good due to this indecisiveness so far...........
 

333

Active Member
Significant addition in 7200-7350 calls shows that mkt will touch 7300 atleast and expiry closing might happen between same........

lets rock bulls.......... my hedged long is going good due to this indecisiveness so far...........
My guess exp between 7200-7300 :D
 
Significant addition in 7200-7350 calls shows that mkt will touch 7300 atleast and expiry closing might happen between same........

lets rock bulls.......... my hedged long is going good due to this indecisiveness so far...........
Not exactly - it can also indicate options writer confident that market will not move beyond 7200 and agrressively writing calls at anything higher than 7200

Increase in 7200 PE OI with this combination indicates - probability of 50-60 point fall from current level before making high today
 

arsh22g

Well-Known Member
Trendline again holding in shorter TF, with latest rejection at good (relative) volume, low risk and return short can be taken



Support to look for is Fib 61.8% (7190) of today's high and low
 

jassinko

Well-Known Member
Not exactly - it can also indicate options writer confident that market will not move beyond 7200 and agrressively writing calls at anything higher than 7200

Increase in 7200 PE OI with this combination indicates - probability of 50-60 point fall from current level before making high today
You might be right for first point that it can be a confidence but dont forget max OI at call side shifted from 7400 to 7300 and both levels untouched from many trading days.........it should touch before expiry.....

and for second point........my interpretation is completely opposite that addition at 7200 put shows jump from here at upside and not downside.......
 

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