Trade with options data

[kiranjakka]

Although I'm a passive reader of this thread.... But the following post looks good to be posted here...

Almost equal change in OI in both 5100CE and 5100PE..... It surely looks like both of them have been Shorted.... Hence, Nifty should close very near 5100..... The Profit Range for this Short Straddle is 5075-5125.....

They might either have gone Long on both CE and PE... But probability is low considering the price of both the Options....

What do you say Kiranji?

i think your guess is right for this series but i feel we might be gap up atleast by 1 percent tomorrows opening based on OI in august series as it is put up now we might end flat around 5100 this series
:thumb:

 

[poortrader]

watch out for put accumulation in 4700 aug series OI change @ 1483550
and 5000 CE OI change @ 1452650

 

[vssoma]

i don't understand this situation, kiran, pls. clarify this doubt... OI is increasing in both side of 56....still price is increasing ....how can we decide in this type of situation

 

[technofriends]

i think your guess is right for this series but i feel we might be gap up atleast by 1 percent tomorrows opening based on OI in august series as it is put up now we might end flat around 5100 this series
:thumb:

Things have changed quite a bit since morning now. Also we have closed below the 50% fibonacci retracement levels at 5060.

 

[adityasaraf007]

Assumption was correct - they were shorting both 5100CE and 5100PE in the morning.... However, as Nifty started going down, they covered their Puts and started Shorting 5100CE and 5000PE heavily....

 

[vikrit]

i think your guess is right for this series but i feel we might be gap up atleast by 1 percent tomorrows opening based on OI in august series as it is put up now we might end flat around 5100 this series
:thumb:

how you get this by Aug OI??

 

[saurabhjain2005]

Hi guys,

Nifty is at a very tight range right now.. If u see open interest both 5000P and 5100C have higest built up which means nifty will not break both the ranges easily...But market breadth looks negative, this series is a good opportunity for portfolio builders...

Anyways, today was a big opportunity in nifty..I bought both 5100C and 5100Put in the morning both at around 10. Nifty fell down sharply and made a good profit...:clap:

http://i47.tinypic.com/zvq8id.png[/IMG]

 

[saurabhjain2005]

Assumption was correct - they were shorting both 5100CE and 5100PE in the morning.... However, as Nifty started going down, they covered their Puts and started Shorting 5100CE and 5000PE heavily....

I am not very sure but I interpret this data little differently..Rather then people selling I see it as people buying..They buy a put when they are going long and hence hedge their position.So, at 5100 today if you but a 5100P@Rs 10 and go long, u have only 10rs to lose but unlimited profit if markets choose to go up.. So, if the market is to go up there should be a heavy built up in put and vice versa..Still, I am not sure if this is true, correct me if I am missing any point here.

Thats why may be this time we saw quitest market till 2PM and then it actually collapsed,it was bound to move sharply towards one direction in the end,unfortunately it chose south :annoyed:

 

[kiranjakka]

i think your guess is right for this series but i feel we might be gap up atleast by 1 percent tomorrows opening based on OI in august series as it is put up now we might end flat around 5100 this series
:thumb:

SEE THE GAP UP HAPPENED TODAY IT WAS MY POST AT YESTERDAY AT Yesterday, 11:44 AM :thumb::thumb:

 

[hawaisanjay]

SEE THE GAP UP HAPPENED TODAY IT WAS MY POST AT YESTERDAY AT Yesterday, 11:44 AM :thumb::thumb:

requesting logic behind it.....