NIFTY Options Trading by RAJ

[sk_bala82]

Hi raj,
am using your oat tool. thank u very much for doing a great job. in the excel, intraday pivots are not updating. pls help regarding that.

thanks in advance

 

[prabhsingh]

Have a look at below bigger picture of TataMotors chart.

There are two levels which needs to be watched closely for TataMotors.
329 and 310.If you are long term investor start collecting this stock in small quantities whenever it falls to above levels.

 

[munde_77]

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[Option.Trader]

Very much true. But after a slew of major events with the last one being a huge negative, if operators are immediately building a wall in the next series, they must be really confident of defending the fort, right?

Let me share my experience going along these very lines. Sold 6300 pe @84, saw it coming towards 25 with no catastrophe in sight with OI built up and then ended up removing at a 20 point stop loss when it unwinded without rhyme or reason.so the fort was built with sand on a beach at high tide

Well this is the thing about OI, it does not take long to unwind. For eg, there was massive OI built up in current series in 6200pe and 6300pe .just took a day to unwind all the flab. almost 60l in one day. I would give more importance to unwinding then built up of OI as a reliable indicator

Nah...6000 will hold. Feb 6000 PUT options have seen some massive OI build up. We are better off among the emerging nations and have already taken the hit over the week.

Shiv, this is the fallacy of putting too much faith in open interest. It lulls us into taking a risk and i think FII's might have set up a trap with OI .
Ever since AAP won delhi, FII have been jittery and looking at dumping at higher levels... with the present situation, they have found an easy way out. I think till the elections, we should be in a range on the lower side...

 

[Option.Trader]

Shiv, this is the fallacy of putting too much faith in open interest. It lulls us into taking a risk and i think FII's might have set up a trap with OI .
Ever since AAP won delhi, FII have been jittery and looking at dumping at higher levels... with the present situation, they have found an easy way out. I think till the elections, we should be in a range on the lower side...

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

 

[Gandhar.]

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

buy 6100pe & sell 6000pe

 

[Gandhar.]

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

5900 & 5800 pes also have huge COI @ this point

 

[adg123]

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

Yeah, you are right. MAX change in OI is PE5900 and Ch in OI of PE6000 is negligible. Downside open..!
Trap ....

 

[angira]

@Raj,

OAT v1.2 does not get values when I pressed REFRESH button.
I've changed expiry also, then what' the problem?

angira...

 

[avny]

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