Trade with options data

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vikrit

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kiran, getting confused by today Option chain and intraday charts. in my understanding market will go down or open down. have bought some 5100PE at 3.15. although just checked now dow etc are up.. plz comment whether i took right decision, and if no then where went wrong.



 

kiranjakka

Well-Known Member
kiran, getting confused by today Option chain and intraday charts. in my understanding market will go down or open down. have bought some 5100PE at 3.15. although just checked now dow etc are up.. plz comment whether i took right decision, and if no then where went wrong.
try to take positions based on intraday changes in OI at around 10 am in morning will be helpful. predicting nifty based on eod is difficult as people mindset changes due to overnight mood swings.
:thumb:

the images you posted on 5200pe and 5100pe it self denotes writing as you know the principle na price down and OI increases means writing and with increse in price and increase or decrease OI means accumulation /covering. as i mentioned in earlier posts nifty took support at 5169 nifty 100ma and there after call writers covering their positions making nifty bullish.
but nifty crossing 5300 is a difficult task with 1cr oi placed at that level let us see how things panout-- and i might wrong and nifty might decisively break 5300 as told earlier with over night events like QE3 AS SAID IN EARLIER POSTS

 
the images you posted on 5200pe and 5100pe it self denotes writing as you know the principle na price down and OI increases means writing and with increse in price and increase or decrease OI means accumulation /covering. as i mentioned in earlier posts nifty took support at 5169 nifty 100ma and there after call writers covering their positions making nifty bullish.
but nifty crossing 5300 is a difficult task with 1cr oi placed at that level let us see how things panout-- and i might wrong and nifty might decisively break 5300 as told earlier with over night events like QE3 AS SAID IN EARLIER POSTS

Aside : Sudharshan Sukani has been saying that July series may close at series high.

and then August is a long series, should see plenty of ups and downs :)
 
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