NIFTY Options Trading by RAJ

How do you use OAT tool?

  • For Intraday Naked Options trading

    Votes: 58 37.7%
  • For Intraday Pair trading of Options

    Votes: 27 17.5%
  • For Intraday Futures trading

    Votes: 18 11.7%
  • For Positional Naked Options trading

    Votes: 35 22.7%
  • For Positional Pair trading of options

    Votes: 29 18.8%
  • For Positional Futures trading

    Votes: 11 7.1%
  • To trade in Cash market

    Votes: 13 8.4%
  • Overall trading has improved with OAT

    Votes: 27 17.5%
  • Understanding of Options has improved with OAT

    Votes: 57 37.0%

  • Total voters
    154
  • Poll closed .

SexyTrader

Well-Known Member

sangram1705

Well-Known Member
Raj Bhai,
In Old tool the Max Chg in OI is showing:
CE 8700 42 771,875
PE 8600 63.5 377,475

In new tool the Max Chg in OI is showing:
CE 8700 42 771,875
PE 8500 31.65 (447,775)

- Have you changed any logic for the calculation?
- What I understand is your motto for creation of new tool is to highlight the huge -ve figures in Chg in OI. Can't this be integrated in the old tool itself.
- In the old tool's option chain table, instead of showing strikes at 200 pt interval 100pt interval would have highlighted the -ve figures.

Just a piece of suggestion and really appreciate your hard work
Thanks
 

soumanag

Well-Known Member
RAJ OAT Mini version.

I have simplified the OAT Tool and created a Mini version.

Please find below the screen shot of the tool.



The 4 shared link is as below. The tool is protected and so please do not ask for any password. You can use it as is.

http://wwwXXX4sharedXXXcom/zip/PEhXLT0hce/RAJ_OAT_OptionsChain_Analyzer_.html - Replace XXX with a . (dot)
Hi Raj,

Thanks a ton for the new tool. However I need to insert "PtrSafe" in the modules while defining functions otherwise it keeps on giving the following error:

This is because excel 2010 requires this (I think). Can you suggest some other solution.
 

soumanag

Well-Known Member
If the Max Pain is 8700 for March expiry, ideally during expiry it should expire around Max Pain right ?
Think you have hit the nail right in the head with the word IDEALLY. In Feb series, on expiry day at 9:30 MP was 8800, at around 12 it was at 8700, at around 2 MP was 8750 and finally the expiry was below 8700 (as far as I remember). Raj has mentioned somewhere in the thread, not to over rely on the tool /MP during expiry week.
 

Riskyman

Well-Known Member
Think you have hit the nail right in the head with the word IDEALLY. In Feb series, on expiry day at 9:30 MP was 8800, at around 12 it was at 8700, at around 2 MP was 8750 and finally the expiry was below 8700 (as far as I remember). Raj has mentioned somewhere in the thread, not to over rely on the tool /MP during expiry week.
You are right. MP keeps changing. Can be used as a guide to know know where the markets may move but trading solely on this is suicide. Specially when you still have a few days to go for expiry.
 

SexyTrader

Well-Known Member
Think you have hit the nail right in the head with the word IDEALLY. In Feb series, on expiry day at 9:30 MP was 8800, at around 12 it was at 8700, at around 2 MP was 8750 and finally the expiry was below 8700 (as far as I remember). Raj has mentioned somewhere in the thread, not to over rely on the tool /MP during expiry week.
I feel we would move up tomorrow onwards as good profit-booking happened today. But no shorts in the system, so can be gap-up tomorrow and reach 8700 by tomorrow or coming week.

Expiry looks nearer to 8700 even then :) Oil crashing further is good for us!
 
RAJ OAT Mini version.

I have simplified the OAT Tool and created a Mini version.

Please find below the screen shot of the tool.



The 4 shared link is as below. The tool is protected and so please do not ask for any password. You can use it as is.

http://wwwXXX4sharedXXXcom/zip/PEhXLT0hce/RAJ_OAT_OptionsChain_Analyzer_.html - Replace XXX with a . (dot)

Hi Raj, Hope you are doing good. Thanks for mini OAT. I found one issue in excel. I think you have protected OAT sheet which is blocking selection of expiry date. Please check.
 

Riskyman

Well-Known Member
Is this file working? When I open it and enable data connections, it says "initializing logfile" at the left bottom corner. When i refresh the data nthing changes. Last updated shows as 15:29 pm yesterday.

Any one can help?
 

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