Raj , 6200 is now MAX OI and MAX pain is 6000. So is there any rational for assuming that market will expire at 6200 ? It may touch 6200 but as far expiry is concerned , all the logic which have been discussed in the forum lead us to somewhere near 5950-6000 expiry. Also since banking results are poor (hdfc) , & banknifty is not participating in rally , IT already is almost on its top, upside from here should surly be tough.
Also , if we are buying a strangle (6000-6200) , it is better we do it for the month of november rather than for October as time decay for november strikes will be much lower. And in oct, if market is expiring near 6000 , the october combo may not give any chance to exit profitable. What are your views ?
Also , if we are buying a strangle (6000-6200) , it is better we do it for the month of november rather than for October as time decay for november strikes will be much lower. And in oct, if market is expiring near 6000 , the october combo may not give any chance to exit profitable. What are your views ?