NIFTY Options Trading by RAJ

[adg123]

Hi Raj,
OI of CE6200 is 39.14L & PE6200 is 39.69L
COI of CE6200 is 3.33 L & PE6200 is 3.96 L
Does it indicates further BULLISH...?

 

[14092012]

> selling 6400 CE @ 14 and squaring off on expiry date.

Hi, any thoughts on this? of course, I'm of the assumption that Nifty cannot go beyond 6400, in which case, it'll expire worthless.

 

[prabhsingh]

I think BankNifty can go down close to 10 k levels.

 

[healthraj]

For People who are asking if there is any UP side left in this Series. Yes there is another 100 points left since the MAX CE OI is at 6300.

 

[healthraj]

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)

 

[14092012]

For People who are asking if there is any UP side left in this Series. Yes there is another 100 points left since the MAX CE OI is at 6300.

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.

 

[timepass]

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)

 

[healthraj]

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.

6400 is possible because if we look at the Calls, next to 6300, 6400 has the MAX OI.

 

[healthraj]

For Today NIFTY is Trading in the Range of 6180 SPOT to 6220 SPOT. So if the Range is broken then we might get 50 points on Either side.

 

[healthraj]

Today as per OAT COI and Volume the Call is

BUY 6200CE@ 77
SELL 6200PE @ 68

Reverse the positions when the NIFTY Shows signs of DOWN side

Book Partial Profit

6200CE Trading at 87
6200PE Trading at 62

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