The MAX OI has changed from 5700-6300 to 6100-6300. So may be market would once again Test 6100 before going to 6300 or would Test 6300 before going to 6100. But what seems to be happening is that the next 7 trading days could be very narrow between 6100 and 6300, which is not really good for Options (for Going LONG)
Hi raj, how likely or unlikely do you think 6400 targets (spot) are for this month expiry? as per my previous post, does selling these deep OTM calls (above 6400) or puts (below 5900 or 5800) make any sense to you? as there's a good probability of worthless expiry. Appreciate your view. Thanks.
edit: looks like my question's been indirectly addressed in your previous comment.
the max oi has changed from 5700-6300 to 6100-6300. So may be market would once again test 6100 before going to 6300 or would test 6300 before going to 6100. But what seems to be happening is that the next 7 trading days could be very narrow between 6100 and 6300, which is not really good for options (for going long)
Hi raj, how likely or unlikely do you think 6400 targets (spot) are for this month expiry? as per my previous post, does selling these deep OTM calls (above 6400) or puts (below 5900 or 5800) make any sense to you? as there's a good probability of worthless expiry. Appreciate your view. Thanks.
edit: looks like my question's been indirectly addressed in your previous comment.
The Trend is still on the UP side. Those who find it Risky to carry the Call can Close the positions. 6200CE Now @ 81. 6200PE@ 64 With Profit. Since we have Closed 50%, those who want to Trade for 6300 Can carry with Stoploss as cost