NIFTY Options Trading by RAJ

[chintan786]

Thanks Raj,

This is what I have done:

Bought 5400 PE = 85
Bought 5800 CE = 54
Shorted 5100 PE = 37

wants to know ur thoughts if any.

SHRTED 5900 ce AT 25

 

[Option.Trader]

The US T Bill Gone 2.99 now it is creating some kind pressure on equities.

This may very well be the joker in the pack... time to pack our longs?

 

[healthraj]

SHRTED 5900 ce AT 25

Please Watch the IV and INDIA VIX. If the VIX goes UP, it might help your SHORT.

The Levels to Watch in INDIAVIX are 30 and 26.
Below 26 the market can Go UP.
Above 30, the Market can GO Down.
So for your short positions it is better that the VIX stays between 26 and 30. Once it breaks this range you can close the Shorts.

 

[whisky]

Please Watch the IV and INDIA VIX. If the VIX goes UP, it might help your SHORT.

The Levels to Watch in INDIAVIX are 30 and 26.
Below 26 the market can Go UP.
Above 30, the Market can GO Down.
So for your short positions it is better that the VIX stays between 26 and 30. Once it breaks this range you can close the Shorts.

Raj, which side is more likely?

According to me, Nifty seems to test day low first as it is more close to that & US$ is slowly moving towards day high.

 

[chintan786]

Please Watch the IV and INDIA VIX. If the VIX goes UP, it might help your SHORT.

The Levels to Watch in INDIAVIX are 30 and 26.
Below 26 the market can Go UP.
Above 30, the Market can GO Down.
So for your short positions it is better that the VIX stays between 26 and 30. Once it breaks this range you can close the Shorts.

thanks Raj, I am betting more on not breaching of 5700 CE soon. untill this global confusion is not cleared specially. Also As i already 5800 Ce, it is providing me natural hedge against sudden burst of one sided movement.

 

[Option.Trader]

There's something to the similar levels in OI that Raj pointed out earlier. Then Nifty moved by 300 points when OI was equal in 5400, 5500 pair. Now 5900,6000 ce have similar position. May have something to do with a ladder option strategy being played out?

 

[healthraj]

Watch the 5600PE 5700CE COI/OI for the next movement.

If you see a Value like 10L in either of the Strike then you can take positions. Otherwise this See saw will continue.

From this morning 5700CE being added positions. Not great. but it has the largest COI at around 3.5L

5600 has now become Bullish with around 4L (- Should be Short positions)positions in 5600PE. 5700CE which was around 4L (Mostly Long ) this morning is now 1.6L. So Hope profit is being taken in 5700CE.

There was a Breakout at 5630. If this is a Real breakout then Today the Top could be 5705.

 

[healthraj]

There is not much change between then and now 2 PM.

5500 CE - In the morning it was around 43L now it is around some 41.8L. So Profit booking is still going on.

5700 CE - 41.7L In the morning it was 42.6L.

But the Difference has now narrowed to 10K. with this 10K, we might anytime see the 5700CE as with the MAX OI.

The Pattern repeats in 10 minute charts like Fractals.

The Pair that we took in the morning 5200PE-5800CE is trading at a total premium of 100 - Loss of 9 points due to drop in VOLT.

AS I finished typing the MAX OI became 5300-5700. Most probably we will see some action on the UP side.

The 5200PE-5800CE pair is now trading at 106 - Loss of 3 points. Opened at 109. Hopefully either we should get profit today

 

[healthraj]

Within a matter of 30 minutes, 5700 and 5800 also become Bullish. 28L Puts Shorted in the Strikes 5300-5700 Vs 1.2L in Calls. So Buy on Dips around 5630, the Previous Resistance which will now act as Support. Keep 5600 as the STRICT Stoploss

 

[chintan786]

Rs. is extending yesterday's gains now strng 13 paise