NIFTY Options Trading by RAJ

[healthraj]

The website is goofy.. .not sure how you can say option pain is at 5975 when those strike prices are not even available on Nifty.. so i would not give much importance to the chart shown there... apart from that, the calculation looks similar... did you find any discrepancy in the formula?... its in the sheet itself
The formula's are shown in the website
http://www.marketcalls.in/futures-and-options/option-pain-charts-for-nifty.html

Please check the below link. I have uploaded the MAX Pain calculator that I am using

http://www.4shared.com/file/JqpCjBr6/max_pain_calculator_124.html

 

[healthraj]

For 25-Jul-13
I normally do not trade on the last day of Expiry. It is best do some pair trading so that we can eat some premium.

Today it would be Rangebound between 5962 to 6022.

Option Traders, Trade only Shorts. The Volatility is very low.

The 6000 Pair is trading at 47. Now the Premium for CE is more or less gone to 8. Then they would try and do the same for 6000 PE. So the risky players can Sell the 6000 PE. You might get some 25 points if market touches 6020. Now the premium is around 38

The August 5800-6200 pair that I Sold Yesterday at 102.75 is now trading at 85.5 with 17.25 points profit

 

[sanjeev258380]

can i enter in aug pair...now @ 84-85

 

[timepass]

Today it would be Rangebound between 5962 to 6022.

Any guidance on BNF ??

 

[healthraj]

Any guidance on BNF ??

TP,

The BNF Pivot is at 10713. so it might give 100 points down and 100 points below. The Range might be 10610 to 10810.

The MAX CHG in OI at 10500-10900.
MAX OI at 10500-11000.

 

[healthraj]

can i enter in aug pair...now @ 84-85

Yes you can. You can also try the 5900-6300 Pair available to 91. Try to get the pair around 95.

 

[healthraj]

TP,

The BNF Pivot is at 10713. so it might give 100 points down and 100 points below. The Range might be 10610 to 10810.

The MAX CHG in OI at 10500-10900.
MAX OI at 10500-11000.

The MAX Pain for BNF is at 10800. So market might close around 10800+

 

[srichakra]

Hi Raj,

How did you get pivot of 10713 for BNF. Can you elaborate.

Thanks,

 

[healthraj]

Hi Raj,

How did you get pivot of 10713 for BNF. Can you elaborate.

Thanks,

It is based on the MAX CHG in OI and the Weighted average on OI and the Strike price.

For Example, Today the MAX CHG in OI at 5900-6000. So you can say the pivot could be 5950. But if do some customization using the OI, I think you will get a customized value. Otherwise you can simply take the average of the MAX CHG in OI Strike prices...

similarly for BNF the MAX CHG in OI 10500-10900. 10700 is simply an average.

 

[healthraj]

In the August Series : MAX CHG in OI at 5900-6500 Pair. So may be market would Try and touch Highs... All depends on what is the Low after touching 6100. In July Series 500 points made by the Big Instituitions from 5600-6100.

Now in August Series another 500 points may be there. For that we have to find the low. If market touches 5800, then it would be ideal.

Anyway for those who want to make an early start in August Series - Try and sell the pair 5800Pe-6200CE or 5900PE-6300CE Pair , which are available at 95+. Right now we don't know whether market head south or North so we can use the moment to SELL.

Just to keep a Tab on the August Series...

MAX OI at 5900-6100 Pair.

5900 PE @ 32.9L 6100 CE @ 26.4L - The Reason why I sold the 5800-6200 pair.
So Market might even test 5900 Levels before going UP.
6100 is already tested... Just keep a check on the MAX OI.
Today the MAX CHG in OI 5800-6000 pair. So today the 6030 might not be crossed, unless the MAX CHG in OI changes. So I think market is more set for a DOWN move.