NIFTY Options Trading by RAJ

[anilnegi]

Negative writing in Put of

7500 , 7600, 7700, market may correct more, what say raj

 

[healthraj]

NIFTY cracked down suddenly as expected. Will be watching the 7590 SPOT levels and Take a decision accordingly. if 7590 breaks and goes down, then will hold my BEAR SPREAD.

Made low of 7520 SPOT and so it a confirmed down move. 70 points from 7590.
In the lower timeframe, there is a BREAKDOWN and The support in hourly charts will come at 7548 SPOT and 7473.

 

[healthraj]

7567 was broken and gave a 60+ point reward. NIFTY Made high of 7630.
MAX OI at 7500-7700. So I am go for a BEAR SPREAD. If the NIFTY goes down I will keep buying 7600 Puts.

SELL 7500PE @ 22.
BUY 7600PE @ 45.

Risk is 23 points.

At 7500 - Profit 4500
At 7450 - Profit 6800
At 7400 - Profit 8900

Closed the pair 7500PE-7600Pe with 5300 Profit. Will take another position later.

 

[healthraj]

Negative writing in Put of

7500 , 7600, 7700, market may correct more, what say raj

MAX OI at 7500-7700.
MAX Pain at 7500. Daily Pivot at 7590 Futures (Probable Expiry value).

Today it might test 7473 SPOT, Depends on whether 7548 SPOT Holds or not.

Hope we cannot expect below 7450 in this Series.
So at 7450-70, I will look to Buy once again, unless if something drastic happens.

 

[healthraj]

Closed the pair 7500PE-7600Pe with 5300 Profit. Will take another position later.

For a Change, Trading naked. Bought 7500 PE @ 50 - Will hold with a Stoploss of 20 points. Will close it around 7470 SPOT

 

[anilnegi]

For a Change, Trading naked. Bought 7500 PE @ 50 - Will hold with a Stoploss of 20 points. Will close it around 7470 SPOT

Most pain in 7600 put, negative OI in 7500, 7600, 7700 PUT

 

[healthraj]

For a Change, Trading naked. Bought 7500 PE @ 50 - Will hold with a Stoploss of 20 points. Will close it around 7470 SPOT

Converted the naked Put to a Strategy.

Sold 7400 PE @ 20. Averaged 7500 PE to 40.

Net outflow is 20 points.

Not a Confident call though. Just trying to amend the Naked Puts with some adjustments

 

[Somatung]

Converted the naked Put to a Strategy.

Sold 7400 PE @ 20. Averaged 7500 PE to 40.

Net outflow is 20 points.

Not a Confident call though. Just trying to amend the Naked Puts with some adjustments

Means you are bearish as you did a debit spread which is absolute fine for any bearish markets.

 

[healthraj]

MAX Pain @ 7500. Pivots = Daily Futures @ 7607, Hourly spot @ 7550, LTF @ 7566. So the Expiry might be between 7550 and 7600.

LTF - FLAG with Resistance at 7608- If broken can goto 7650, 7700 - LONG in progress

Hourly - FLAG with Resistance at 7635, if broken goto 7750, 7850 - Which does not seem probable in my opinion - SELL in Progress.

MAX OI @ 7500-7700 - Same as Yesterday
MAX COI @ 7500-7600 - Reason why it did not cross 7600.

In JUL-14 Series, the MAX OI is at 7500-8000. Going by this I think it would be a BUY around 7500.

 

[healthraj]

MAX Pain @ 7500. Pivots = Daily Futures @ 7607, Hourly spot @ 7550, LTF @ 7566. So the Expiry might be between 7550 and 7600.

LTF - FLAG with Resistance at 7608- If broken can goto 7650, 7700 - LONG in progress

Hourly - FLAG with Resistance at 7635, if broken goto 7750, 7850 - Which does not seem probable in my opinion - SELL in Progress.

MAX OI @ 7500-7700 - Same as Yesterday
MAX COI @ 7500-7600 - Reason why it did not cross 7600.

In JUL-14 Series, the MAX OI is at 7500-8000. Going by this I think it would be a BUY around 7500.

MAX OI changed to 7500-7600
MAX COI changed to 7600-7600. So there is BD at 7600