OK.. here's a question to all.. Max OI for put is still at 6000... would you at this stage be more inclined to write 6000Put @ 121 or buy 6000 call at 98?
Do punch in your reasoning and we'll see how this turns out .. this is an excellent testing ground
The MAX OI for put is at 6000,which is slowly shifting towards 5900
but the unwinding is not taken place in 6000 put,that is why mkt is not going down,
once this unwinding takes place,we may see more down side
bears are slowly gaining control of 6000,so i will be more interested in buying
6000 put rather than selling it,with a SL above 5975 nifty spot