My Daily Options Trading Diary

[findvikas]

Stock Options are good... but mostly for Intraday. I consider them as tool for "mass distruction"... I prefer trading them before a big news.. upside/downside does not matter.

I took BHARTI CA/PA pair a day before their disclosure was coming out... it opened gap up big time and I closed both positions instantly. CA covered my PA charges and still gave me 12-14rs per lot.. if only i hold on to PA I could have gained around 120-150 more... but that's past

 

[findvikas]

I have been doing this research with OI and came up with a new ratio of mine... Bull/Bear ratio.. which I call as BBR.

I decide the trend and a possible reversal with this BBR ratio... this is very much like PCR. A value below 1 is bearish and above 1 is bullish... a gradual decline in ratio coming from all the way above 1 to 1 or below is an indication of a trend reversal attempt by bears. Similarly a growing ratio below 1 to near 1 or above 1 shows that bulls are taking charge.

I am not asking you to bet on this as its very much "research in motion" ... I have captured this data for past 6 months and it has given decent indications. I will outline the formula to calculate the BBR later.

It showed the first chance of bearishness and a possible trend reversal on 21st Oct when market closed at 5081.35 and havent really shown any visible recovery in the BBR but instead the BBR went down to 0.087 as of yesterday's close

I will keep my bearish view until it moves above 0.90-0.95

Comments are welcomed

 

[findvikas]

another few figures...


FIIs net buy USD 147.4 million on November 17
FIIs net buy Rs 463 crore in cash on November 17 (prov)

Total F&O Open Int up by Rs 929 crore at Rs 1,08,805 crore

MFs net sell Rs 49.2 crore on November 17
DIIs net sell Rs 235 crore in cash on November 17 ( prov)
FIIs net sell Rs 325 crore in F&O on November 17

 

[findvikas]

I am not surprised to see the December series running in Bullish trend as usually the series does not shows clear picture until its very near to expiry...

Here is the december series

 

[findvikas]

opening will be most likely below the support level of 5040 which will take it straight back to 5010 levels in seconds... and below that you have 4990

 

[findvikas]

keep rolling your shorts...
booked 10 lots of 5000PE @ 50 will reenter at lower level

 

[findvikas]

got 2 lots of reliance 2100pa @ 37... AVERAGE down to 34... 5 lots

 

[findvikas]

3 lots 4900pe @ 25

 

[findvikas]

and the long awaited move coming in reliance ... below 2095 expect 2075

 

[findvikas]

oh come on.. someone break 2100 in reliance