Option Logics

[toughard]

According to the above table the Bear Base is shifted to 7500PE for 7300PE, a two strike jump!!! will be temporary?? reason behind this question is
-7300PE still hold equals amount of OI still now and
-30 min and 1 hr NS chart has seen the breakout of 7720 R1 but not BO confirmation,
clarity will be obtained by tomorrow only!!!

Bearish Structure @ +40

Its a puzzle time for me so not initiating any new structure on long side

Ps- above table chart will hold the initial support and Resistance levels only while the data box been dynamic for dual confirmations!

 

[toughard]

MY DAY TRADING CHART TODAY

 

[toughard]

Our Bearish Structure @ +900

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-PE HOI is back to 7300 PE...
-R1 NS 7720 Resisted again today...
-OI MAX PAIN unchanged from 7700
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Price is neared secondary res as per above chart but bears are still strong with two pillars of OI on down side as secondary Sup's !!
something strong and big should happen to break this jinx...
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A confluence of 7700 max pain and our newly derived R1 based on max oi ie., 7720 has seen good response as a resistance as it got validated by price getting revolved around it clearly, PIVOT
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[toughard]

I am not an directional expert but Just trying to analyze the possibilities...

When price is channeling its difficult to trade, above chart confirms it...
1st circle price fell back to channel
2nd circle tested channel low
3rd circle tested channel high
4th the crucial one price broke the channel and tried to reenter with a pin bar formation with good volumes as well as RSI >30

Top to Top it has taken 92 bars that means if price reenters the channel from the bottom by tomorrow then by Friday EOD it may test 7860...see the pic

But sgxnifty is presently -35... if price NOT entering the channel and staying in for sometime then the chances of FLIP is possible by the bottom channel line support turning in to resistance...

only the price will reveal the rest by tomorrow... according to me R1 is 7720 and R2 is exactly at 7860 based on my MAX CE_PE OI S/R calculations as well as S1 is 7580 which is incidentally channel low too if that breaks then S2 7440 which is also a major swing low!!!

 

[deepeme]

Can someone share this option calculator with me

Thank you

 

[toughard]

Our Bearish Structure @ +1500

Till NS price breach 7720 on upside or 7580 on downside no clear direction is fixed... low VIX is playing out here... let wait for good flat day to initiate the directional structure... BUT today initiated a Butterfly like below.... with 60k investment... seeking +5% exit if possible... RRR @ 1:1

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[gmt900]

Initiated Sept Butterfly spread as follows:

Sell 7700CE 154
Sell 7700PE 149.5

Buy 7800CE 108.35
Buy 7600PE 107.4

Max Profit 4387.5
Max loss 612.5

margin blocked 50,000.
Will look to exit with a profit of 1000+

 

[santhosh2010]

SKIP STRIKE BUTTERFLY (Aug contract)

Bought : 7700 call : 1 lot
Short : 7800 call : 2 lot
Bought : 7950 call : 1 lot

 

[toughard]

Initiated Sept Butterfly spread as follows:

Sell 7700CE 154
Sell 7700PE 149.5

Buy 7800CE 108.35
Buy 7600PE 107.4

Max Profit 4387.5
Max loss 612.5

margin blocked 50,000.
Will look to exit with a profit of 1000+

I aimed for 7600 and you are aiming for 7700 strike

For my structure 52700 blocked but I decided to keep additional Rs.7300 to round it to 60k as further MTM!

Good Luck.

 

[toughard]

SKIP STRIKE BUTTERFLY (Aug contract)

Bought : 7700 call : 1 lot
Short : 7800 call : 2 lot
Bought : 7950 call : 1 lot

Very good risk reward ratio!!

In the mean while lets wisely chose between---

- Structures with Probability of Highest Profits and
- Structures with Highest Probability of Profits


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