NIFTY Options Trading by RAJ

[healthraj]

Hi Raj,

I am having a query. Regarding pair trading for 120. One pair should be of 30 and one should be of 90. My understanding is if we are in Bull then CE should be of 30 and PE should be around 90.

This is not an Intraday trading. This is a positional trading. This is my understanding. If so, Trend (Bull / Bear) should be considered as Monthly / Weekly / Intraday?

Because many of the cases, Monthly shows as Bull, but Weekly & Intraday shows as Bear or vice versa.

I hope you understand my query and due to that I am not able to make decision on the trading.

Thanks a ton..!!
Hardik Shah

If you are not into Daily trading and looking for only Weekly or Monthly positions. Then simply use MAX OI.

When we started the April series, MAX OI was at 8200-9200/9000 then it changed to 8400-9000 and now it is at 8500-9000.

So Ideally when market was around 8400, and when it changed to 8400-9000, one could have sold the 8400-9000 Pair. So accordingly the next opportunity should come at 9000 or 9200. Or If the NIFTY Tests once again 8500.

So simply put, enter when it NIFTY is at MAX OI @ CE or PE and you can close depending on your target.

 

[hardik229]

Thanks Raj for the quick response.

So at Max OI 8400 - 9000. And Nifty was at 8400. Do we need to check the Monthly Trend Bullish / Bearish?

Hardik Shah

If you are not into Daily trading and looking for only Weekly or Monthly positions. Then simply use MAX OI.

When we started the April series, MAX OI was at 8200-9200/9000 then it changed to 8400-9000 and now it is at 8500-9000.

So Ideally when market was around 8400, and when it changed to 8400-9000, one could have sold the 8400-9000 Pair. So accordingly the next opportunity should come at 9000 or 9200. Or If the NIFTY Tests once again 8500.

So simply put, enter when it NIFTY is at MAX OI @ CE or PE and you can close depending on your target.

 

[anilnegi]

If you are not into Daily trading and looking for only Weekly or Monthly positions. Then simply use MAX OI.

When we started the April series, MAX OI was at 8200-9200/9000 then it changed to 8400-9000 and now it is at 8500-9000.

So Ideally when market was around 8400, and when it changed to 8400-9000, one could have sold the 8400-9000 Pair. So accordingly the next opportunity should come at 9000 or 9200. Or If the NIFTY Tests once again 8500.

So simply put, enter when it NIFTY is at MAX OI @ CE or PE and you can close depending on your target.

Raj bhai

the same think can be good for stock as well, but how to decide total combination of strike price for that i.e. means for nifty it is 120, say an example of yes bank, i am long from 800(stock though but based upon OI) where max OI is present, so what would be the combination of strike price??

thanks

anil negi

 

[timepass]

I changed the code to BANKNIFTY, and lo !!! It showed the readings for Banknifty !! Till an hour ago, it was showing the trend as "FLAT" but now it is showing as "UP".

I suppose we can track any F&O scrip by changing the code.

The changes were not reflected in "Option Greeks", "Tracking Positions" and in the "Options Returns Analysis" sheet.

 

[VJAY]

I changed the code to BANKNIFTY, and lo !!! It showed the readings for Banknifty !! Till an hour ago, it was showing the trend as "FLAT" but now it is showing as "UP".

I suppose we can track any F&O scrip by changing the code.

The changes were not reflected in "Option Greeks", "Tracking Positions" and in the "Options Returns Analysis" sheet.

TP bhai,
You can use this sheet to any f&o scrip.....just change NIFTY to any onther
Option greeks ...you need to input UL ^ exercise price
Tracking positions ..input any scrip in place of NIFTY


Hats off to Raj bhai....gr8 work...

 

[healthraj]

Raj bhai

the same think can be good for stock as well, but how to decide total combination of strike price for that i.e. means for nifty it is 120, say an example of yes bank, i am long from 800(stock though but based upon OI) where max OI is present, so what would be the combination of strike price??

thanks

anil negi

Yes you can trade near the MAX OI levels. This level of 120 is just a guidance. There is no strict rule. What is important is you find a pair with 75% and 25% combination when it is near the MAX OI levels.

YESBANK is trading near the Pivot in Hourly and daily charts so it is not a good option. You can try RELIANCE near 900

 

[agos]

Has been mesmerised with your work so far.You are too good.
Had a quick question on the current discussion on Reliance -
Reliance spot now @ 884.
Max OI @ CE 900 - 17.25 and PE 820 (COI is -ve at this level) - 6.55.
Almost 75/25 ratio.
Good time to sell the pair or should we wait more till spot is nearer to 900.Also, what to do in case there is a b/o of the 900 levels. Please guide.

 

[agos]

My apologies.
820 PE is having a value 3.35 and not 6.55.

 

[healthraj]

Has been mesmerised with your work so far.You are too good.
Had a quick question on the current discussion on Reliance -
Reliance spot now @ 884.
Max OI @ CE 900 - 17.25 and PE 820 (COI is -ve at this level) - 6.55.
Almost 75/25 ratio.
Good time to sell the pair or should we wait more till spot is nearer to 900.Also, what to do in case there is a b/o of the 900 levels. Please guide.

In principle at 900 and not at 884 since the MAX OI is at 900. Please do not ask for any Calls in this thread. Otherwise this thread might be banned. I am only trying to explain the concept and not suggesting any Calls. So trade as per MAX OI for Reliance.

 

[agos]

OK Sir...Thanks for your reply...won't ask such questions any more...