Trade with options data

[prabhsingh]

Kiran,

For Hindalco,Change in OI for 120 Put is 1 lakh with 159 volume.Is that Put accumalation of going short.Kindly can you advise.

 

[kiranjakka]

Kiran,

For Hindalco,Change in OI for 120 Put is 1 lakh with 159 volume.Is that Put accumalation of going short.Kindly can you advise.

HINDALCO DATA SLIGHTLY BULLISH AS WE SEE CALLS BEING COVERED AND PUT WIRITNG AS OF NOW:thumb:

 

[kiranjakka]

http://img835.imageshack.us/img835/7388/94137110.png

5100 CE WHEN POSTED 87 NOW 107:thumb:

 

[Khaleelda1]

can we interpret the data using the total OI rather than the change in it...

between 5100 put and 5200 call nifty
Total OI in put @ 5100 = 2.8mil
Total OI in Call @ 5200 = 6.4 mil

Can that be interpreted as "Almost twice the people are betting that the market wont go above 5200 than, the number of people betting that it wont go below 5100"

in other words, more people are sure it wont go above 5200 than the people who are sure it wont go below 5100.

This would give a bearish view to the market. Am i wrong??
please share your views.

 

[kiranjakka]

can we interpret the data using the total OI rather than the change in it...

between 5100 put and 5200 call nifty
Total OI in put @ 5100 = 2.8mil
Total OI in Call @ 5200 = 6.4 mil

Can that be interpreted as "Almost twice the people are betting that the market wont go above 5200 than, the number of people betting that it wont go below 5100"

in other words, more people are sure it wont go above 5200 than the people who are sure it wont go below 5100.

This would give a bearish view to the market. Am i wrong??
please share your views.

Reading the EOD data is little difficult as there will be a lot of naked as well as hedged positions on this OI. SO, it is always better to go back to the basics and stick on to it, If market is increasing with volumes and with increasing in OI it is bullish and vise versa.:thumb:

 

[cityhunter]

Kiran,

For Hindalco,Change in OI for 120 Put is 1 lakh with 159 volume.Is that Put accumalation of going short.Kindly can you advise.

Reading the EOD data is little difficult as there will be a lot of naked as well as hedged positions on this OI. SO, it is always better to go back to the basics and stick on to it, If market is increasing with volumes and with increasing in OI it is bullish and vise versa.:thumb:

thanks for your explination got it.my broker gave a buy on bpcl howz that looking?

 

[kiranjakka]

SO BE CAREFULL WITH LONGS UNLESS U SEEN SOMEAMOUNT OF PUT WRITING AT 5300

 

[kiranjakka]

.......................deleted double post.............................

 

[kiranjakka]

SLOWLY TURNING BULLISH EVEN THIS CHANGE I FEEL IS MILD WAIT FOR SOME MORE TIME TO BE CONFIDENTLY GO LONG :thumb:

 

[timepass]

yeah.. today is a challenging day for the options guys