PUT and CALL options

[columbus]

NOV.6 nov-series day.3 NIFTY=6215 (-38)

The EXPIRY zone has not moved from (6200~6300) for THIRD day in row.



Total strikes in CALL window: 5+1 [Previous:6+1 (penny)]
Total strikes in PUT window : 6+4 [Previous:6+4 (penny)]




Average Open Interest (Today) as shown ... CALL side: 195 K [previous:252 K]
Average Open Interest (Today) as shown.... PUT side: 68 K [previous:138 K]

(After deleting PENNY Strikes ,if any.Because they adversely affect the values.)

[These figures are adjusted as per the latest ZONE, which are taken from
the Database ,and may vary from previous post as number of strikes differ
from previous day's Zone.]

Current position is indicated.

 

[trade4joisar]

Re: NOV.6 nov-series day.3 NIFTY=6215 (-38)

Current position is indicated.

[IMG]http://i.imgur.com/1dFySeO.gif

6600 call at 11
5800 put at 12

It is too low or this is normal case in Nifty?

 

[columbus]

Re: NOV.6 nov-series day.3 NIFTY=6215 (-38)

6600 call at 11
5800 put at 12

It is too low or this is normal case in Nifty?

NORMAL.Both are 4 strikes away from the current strike 6200.

 

[columbus]

NOV.7 nov-series day.4 NIFTY=6187 (-28)

The EXPECTED zone has not moved from (6200~6300) for FOURTH day in row.



Total strikes in CALL window: 4+2 [Previous:5+1 (penny)]
Total strikes in PUT window : 6+4 [Previous:6+4 (penny)]




Average Open Interest (Today) as shown ... CALL side: 434 K [previous:195 K]
Average Open Interest (Today) as shown.... PUT side: 104 K [previous:68 K]

(After deleting PENNY Strikes ,if any.Because they adversely affect the values.)

[These figures are adjusted as per the latest ZONE, which are taken from
the Database ,and may vary from previous post as number of strikes differ
from previous day's Zone.]

Yellow box indicates Open Interest over 500k.

Current position is indicated.

The Expected Zone is unable to break 6200~6300 for four days as we have not seen huge movement of NIFTY.But Banknifty saw huge movements.

 

[columbus]

NOV.8 nov-series day.5 NIFTY=6141 (-46)

The EXPECTED zone has not moved from (6200~6300) for FIFTH day in row.
A bit strange and current position falls outside the zone.



Total strikes in CALL window: 4+2 [Previous:4+2 (penny)]
Total strikes in PUT window : 6+4 [Previous:6+4 (penny)]




Average Open Interest (Today) as shown ... CALL side: 188 K [previous:434 K]
Average Open Interest (Today) as shown..-.. PUT side: -66 K [previous:104 K]

(After deleting PENNY Strikes ,if any.Because they adversely affect the values.)

[These figures are adjusted as per the latest ZONE, which are taken from
the Database ,and may vary from previous post as number of strikes differ
from previous day's Zone.]

Yellow box indicates Open Interest over 500k.

Current position is indicated.

We can expect some up move on Monday.

1.Current position of strike falls outside the expect zone on LOWER side.

2.On PUT side in expected zone ,there is lot of unwinding.In fact the average
is -66K.

Let us see.

 

[columbus]

NOV.11 nov-series day.6 NIFTY=6079 (-62)

The EXPECTED zone has expanded to (6100~6300) from (6200~6300). Fell for Fifth day in row.




Total strikes in CALL window: 4+3 [Previous:4+2 (penny)]
Total strikes in PUT window : 6+4 [Previous:6+4 (penny)]




Average Open Interest (Today) as shown ... CALL side: 766 K [previous:188 K]
Average Open Interest (Today) as shown..-.. PUT side: 216 K [previous:-66 K]

(After deleting PENNY Strikes ,if any.Because they adversely affect the values.)

Yellow box indicates Open Interest over 500k.

Current position is indicated.

Holding CALLS.

 

[columbus]

NOV.12 nov-series day.7 NIFTY=6018 (-61)

The EXPECTED zone has expanded to (6000~6300) from (6100~6300). Fell for Sixth day in row.




Total strikes in CALL window: 4+4 [Previous:4+3 (penny)]
Total strikes in PUT window : 7+3 [Previous:6+4 (penny)]




Average Open Interest (Today) as shown ... CALL side: 942 K [previous:766 K]
Average Open Interest (Today) as shown..-.. PUT side: 309 K [previous:216 K]

(After deleting PENNY Strikes ,if any.Because they adversely affect the values.)

Yellow box indicates Open Interest over 500k.

Current position is indicated.

In anticipation of some very good IIP figures ,CALL side, there is lot of interest.
Estimated IIP figures for SEPT were 3.6% but it turned to be low at @2%.
CPI figures were slightly over the estimation at 10.09% (Estimates 10%).

There is a chance downward movement tomorrow.
I need to close my CALLs at the earliest tomorrow.(Personal opinion)

 

[columbus]

NOV.13 nov-series day.8 NIFTY=5990 (-28)

The EXPECTED zone has expanded to (6000~6300) for Second day. Fell for Seventh day in row.




Total strikes in CALL window: 4+4 (penny) [Previous:4+4 (penny)]
Total strikes in PUT window : 7+3 (penny) [Previous:7+3 (penny)]




Average Open Interest (Today) as shown ... CALL side: 531 K [previous:942 K]
Average Open Interest (Today) as shown..-.. PUT side: 241 K [previous:309 K]

(After deleting PENNY Strikes ,if any.Because they adversely affect the values.
Strikes above and below the CURRENT position are taken ,as shown)


Yellow box indicates Open Interest over 500k.

Current position is indicated.

Last couple of days or so ,it was showing good CALL open interest indicating some
upward move but it never came.Meanwhile Nifty breached 6000 mark also.

Market holiday for Thursday on account of Muharam has been shifted to FRIDAY.

 

[columbus]

NOV.14 nov-series day.9 NIFTY=6056 (66)

The EXPECTED zone is at (6000~6300) for Third day.




Total strikes in CALL window: 4+4 (penny) [Previous:4+4 (penny)]
Total strikes in PUT window : 6+4 (penny) [Previous:7+3 (penny)]




Average Open Interest (Today) as shown ... CALL side: 155 K [previous:531 K]
Average Open Interest (Today) as shown..-.. PUT side: 98 K [previous:241 K]

(After deleting PENNY Strikes ,if any.Because they adversely affect the values.
Strikes above and below the CURRENT position are taken ,as shown)


Yellow box indicates Open Interest over 500k.

Current position is indicated.

 

[mohan.sic]

Re: NOV.14 nov-series day.9 NIFTY=6056 (66)

Average Open Interest (Today) as shown ... CALL side: 155 K [previous:531 K]
Average Open Interest (Today) as shown..-.. PUT side: 98 K [previous:241 ji




Can anyone please brief on what exactly this Average open interest ( today), (yesterday), How its calculated and interpretations.

or please give the link where Columbus ji explained it.

thanks.