NIFTY Options Trading by RAJ

[healthraj]

Spoken like a true trader, a few posts back you had mentioned about not losing capital, but who can resist a jackpot

Ha Ha... True. But I will not be loosing my capital even If I loose this trade.

 

[healthraj]

Squared off @139, profit of 11 points minus transaction cost.

Why did you book so early. Was 10 points your target?

 

[gmt900]

Why did you book so early. Was 10 points your target?

No, 10 points wasn't the target. But, I was worried that if 5800 P goes in the money, There would be loss. Wanted to be safe than sorry.

 

[Option.Trader]

Just for fun, seeing options table I feel we are on Verge of breakdown, puts getting unwound. 5900 call has 100 points premium built in, I would short it with 20 points stop loss. Don't trade, just watch.

20 points in 20 mins and still running

 

[healthraj]

The TOP was 5905. So it was a FALSE bullish signal. So the Bottom could be 5845.

Made low 5843. Close your Shorts and Wait for Breakout or wait for signal to Go Long

 

[healthraj]

Today there was some Heavy Trading in SBIN Options. Out of Top 20 Options in Stock Options, 11 strikes are in SBIN

 

[healthraj]

Options update at 12 Noon

MAX OI at 5800-6000. Overall CHG in OI indicates a STRONG BEAR.
CE @ 12.36L [email protected].

MAX CHG in OI at 5700-6000 Pair - So to me it seems to be more a Rangebound. Or the Bulls have given up on 5800 and Trying to protect 5700.

Since the MAX CHG in OI is at 5700-6000 Pair, The pivot is at 5857. So Trade according to the Pivot. ie If not able to cross 5857, then you can take Fresh SHORT positions. If breaks 5857 with good volume then you can go Long.

Right now COI @ 5700-6000 is indicating a BUY. Fresh Trades only after Europe opening

 

[Option.Trader]

For those curious of relationship between volume and chgoi, see 5800 call, volume @32k, Chgoi @200k. This indicates writing at that level.

 

[Taiki]

For those curious of relationship between volume and chgoi, see 5800 call, volume @32k, Chgoi @200k. This indicates writing at that level.

Dear option trader. I did not get your point. Can you please elaborate a little more ??

 

[Option.Trader]

Dear option trader. I did not get your point. Can you please elaborate a little more ??

There were some questions on the inter relations. 2 looks obvious, vol > (-chgoi ), unwinding taking place at that strike level as previous writers are nervous.
Volume < chgoi as pointed out indicates fresh shorting at that level