NIFTY Options Trading by RAJ

[anup0212]

The Results will be known later night tomorrow. Indian markets will react only on 19th morning. So if any positions need to be taken it needs to be taken tomorrow EOD.

Tomorrow I would Sell around 5900-5950.

even much higher ..Raj...better to see 6030/6060 lvl...not beyond I think we will see in this series....

 

[healthraj]

You mean short call?

even much higher ..Raj...better to see 6030/6060 lvl...not beyond I think we will see in this series....

I would anyway would like to Trade safe and so would be taking my positions around 5900-5950. I did not mean to go short or Long.

To elaborate. Basically I would like to place my trade around the MAX Pain. MAX Pain is at 5700. so 250 points from 5700 would be 5950. But market can go UP 250 points from 5950 also to 6200 (which is the Previous High of NIFTY). So I would like to place my trade around 5950.

Let me know if it would be the right entry

 

[anup0212]

I would anyway would like to Trade safe and so would be taking my positions around 5900-5950. I did not mean to go short or Long.

To elaborate. Basically I would like to place my trade around the MAX Pain. MAX Pain is at 5700. so 250 points from 5700 would be 5950. But market can go UP 250 points from 5950 also to 6200 (which is the Previous High of NIFTY). So I would like to place my trade around 5950.

Let me know if it would be the right entry

mostly I like to go naked ......so for safer bet u seems sound valuable ...I think that would be good ...either 5700 or 5950...

 

[Mr.Perfect]

Raj bhai, I am holding 5900 PE and 6100 CE pair (currently in red).. what are your views?

 

[Option.Trader]

I would anyway would like to Trade safe and so would be taking my positions around 5900-5950. I did not mean to go short or Long.

To elaborate. Basically I would like to place my trade around the MAX Pain. MAX Pain is at 5700. so 250 points from 5700 would be 5950. But market can go UP 250 points from 5950 also to 6200 (which is the Previous High of NIFTY). So I would like to place my trade around 5950.

Let me know if it would be the right entry

I think 5950 is an ideal place to trade for better RR. From a few other factors, like the medium term downtrend will be invalidated above 5960, heavy fibo traffic, so we could expect resistance at around those levels for a meaningful correction. The stop loss also is nearby at 20-30 points, so playing with options should lower your stop loss and RR seems quite good.. around 1:2.5 for 5700PE.. i played this a couple of days back when nifty opened gap up. Bought at 33.75 and got out same day at 70... so should be achievable

 

[Option.Trader]

BTW FII's are net futures long(by a big margin) and options neutral as of today. Covered all their shorts in futures today

 

[Rish]

BTW FII's are net futures long(by a big margin) and options neutral as of today. Covered all their shorts in futures today

Possible, can u please post the OI data ?

 

[Option.Trader]

Possible, can u please post the OI data ?

Sure.. here it is

Sept 17th

Major trade, uncovered/unwound most of the shorts in Index futures...so as said before.. they are net long in Index futures by a long margin

 

[arcus]

BTW FII's are net futures long(by a big margin) and options neutral as of today. Covered all their shorts in futures today

The market is pretty overbought right now. Even the FII's can't push it any higher. All they could try to do is prevent it from going down or try to make it go sideways till expiry.

 

[Rish]

Sure.. here it is

Sept 17th

Major trade, uncovered/unwound most of the shorts in Index futures...so as said before.. they are net long in Index futures by a long margin

Thank U OT ! ! ! ! ! :thumb: