NIFTY Options Trading by RAJ

[healthraj]

7600 was having max oi and chgoi, any reason for choosing this strike price?

No Particular Reason. I did not want to Buy 7700 Put which had a Higher Premium.

 

[healthraj]

AUG-14 Trade 07.

7650 Seems to be holding in LTF, which is also minor Trend Pivot in HTF.
So I am going for SELLing a Pair this time. Since the Support is at 7650. SELLing the 7650 PE @ 96. The Pair would be 7900CE @ 24 - Total Premium 120

 

[healthraj]

Looking at the MAX OI in Puts, there is something cooking in 7600 and 7500. For this Series 7500 or 7600 might become the bottom.

Right now MAX OI @ PE is at 7300 with 60K.

7500PE and 7600PE has around 56K. So soon I think NIFTY will touch 7600 and/or 7500 and the base might be created.

NIFTY was already not able to cross 7720.

So I think there might be another LEG down

 

[timepass]

Looking at the MAX OI in Puts, there is something cooking in 7600 and 7500. For this Series 7500 or 7600 might become the bottom.

Right now MAX OI @ PE is at 7300 with 60K.

7500PE and 7600PE has around 56K. So soon I think NIFTY will touch 7600 and/or 7500 and the base might be created.

NIFTY was already not able to cross 7720.

So I think there might be another LEG down

As the saying goes "The first correction gets bought into".

 

[healthraj]

AUG-14 Trade 07.

7650 Seems to be holding in LTF, which is also minor Trend Pivot in HTF.
So I am going for SELLing a Pair this time. Since the Support is at 7650. SELLing the 7650 PE @ 96. The Pair would be 7900CE @ 24 - Total Premium 120

I am closing this Pair with 12 points since I think there is further down in this market.

 

[healthraj]

AUG-14 Trade 08

Bought 7600PE @ 52

 

[timepass]

What is the status of your Infy puts ? Infy looking strong again but resistance around 3520

 

[healthraj]

AUG-14 Trade 08

Bought 7600PE @ 52

There was a Sudden UP move. So closed my Put with 10 points Loss

 

[ratan_1976]

I am also holding Infy 3400 put @41, may close at cost itself, what u suggest Raj?

 

[healthraj]

What is the status of your Infy puts ? Infy looking strong again but resistance around 3520

I am still holding my INFY 3400 Put. Will Probably close if it hits 33.