PUT and CALL options

[columbus]

May series START Nifty=5191 (2)

The Expected zone is just 3 strikes width ,that is 5200~5400.
The expected zone or Active Zone does take care of Total OI, but Total OI and
price of option.Already there is build-up in PE window ,it clearly indicates
a bearish outlook.

Let us meet at Special Trading Session from 1100-1300 tomorrow.

 

[timepass]

Re: May series START Nifty=5191 (2)

Let us meet at Special Trading Session from 1100-1300 tomorrow.

Yeah.. an extra day to kill options premium in an already long series

 

[columbus]

May Series Day=2 Nifty=5209 (18)

The Expected zone continues to be just 3 strikes width ,that is 5200~5400.
The Expected Zone or Active Zone does not take care of Total OI alone , but
also Total OI+price of option.There are as many as 4 strikes in PE window ,that
are active versus One strike below CE window, around this Expected Zone.But
Total OI in EXPECTED ZONE throws a different picture,over 6M in PUT window
versus over 9M in CALL window.

Since Special Trading sessions last for a couple of hours , in a strict sense
qualify for a DAY's trading, if it is not given ,we have to Inflated or Deflated
Nifty figures on Monday.

 

[columbus]

May Series Day=3 Nifty=5248 (39)

The EXPECTED Zone continued to be 5200~5400.
Today 5200PE and 5300PE added OI (9.4 lakh LOTS) as also ,
5300CE and 5400CE (7.1 lakh LOTS).
Since there is no direction is revealed so far ,it is better to trade in few lots.
But the longterm sentiment is BEARISH.

 

[columbus]

May Series Day=4 Nifty=5239 (-9)

The EXPECTED Zone continued to be 5200~5400.

3 Strikes (4900,5000 and 5100) and 1 strike (5500) are still in BLACK font or
Active.Look like the trend is Bearish.There is good build-up of positions in
downward direction.(Lower strikes)

 

[columbus]

May Series Day=5 Nifty=5188 (-51)

The Expected Zone is expanded to 5100~5400, that is downwards.That means
weakness is there in the market.
we have 1 strike left in CE window (Black Font-5500) whereas 3 strikes in PE window
(Black Font-4800,4900 and 5000) around this zone.There is build-up positions in PE
direction.

Total OI of 5200 as per above sheet is 2.9M whereas on clicking the strike
total OI is shown as 3.1M.

 

[SPI999999]

very happy to see you back again, Sir

 

[columbus]

May Series Day=5 Nifty=5087 (-101)

The Expected Zone has moved downwards,that is to 5000~5300.

There are 3 strikes 4700,4800 and 4900 OPEN downwards around this zone
whereas 1 strike 5400 OPEN upwards around this zone.

Surprisingly as many as total 4M options are added in 5000 to 5300(CE window)

1.5M OI added at 5000 strike.Other strikes in PE window has shed the OI.(PE window)

In this series we have 3 UP days and 3 DOWN days:
UUUDDD

 

[columbus]

May Series Day=6 Nifty=5114 (27)

The Expected Zone continued to be 5000~5300.

The OI on CALL side is POSITIVE only, but on PUT side it is mixed one.5000PE lost OI and all other OIs are positive.Personally I feel the sentiment is bearish.

Today at 1230 we had a excellent reversal.

Total OI pertaining to CE window in the expected zone is 16.1M whereas
pertaining to PE window is 15.9M.

In this series we have 4 UP days and 3 DOWN days:
UUUDDDU

 

[columbus]

May Series Day=7 Nifty=5000 (-114)

The Expected Zone continued to be 5000~5300.With a massive fall in INDEX
I expected the zone would see a downward side of 4900.

Today there is a OI in CALL window in abnormally high ,in tune of more than 1M.
Whereas in PUT window ,Today OI is rather mixed, indicating a halt or
people are cautious because psychological level 5000 is breached.

Except in Expected Zone all strikes in CALL window 5400,5500,5600 and 5700
are in WHITE font.Whereas strikes 4900,4800,4700 and 4600 are in BLACK
font.There is room for index in this direction.Hence the sentiment is still
bearish.

In this series we have 4 UP days and 4 DOWN days:
UUUDDDUD