Trade with options data

[trader15]

5400 put OI increasing

bhayankar increase since morning in 5400 Put OI:

Almost doubled since 11 am

 

[gurmy.]

bhayankar increase since morning in 5400 Put OI:

Almost doubled since 11 am

what does it suggest?
nifty going up 5400.......?

 

[trader15]

what does it suggest?
nifty going up 5400.......?

Yes. Indeed. Most of open interest gets added not by buyers, but writers. And writer will make money only when market is bullish.

 

[niftyrulez]

we may go up once again near or over 5400 today

 

[niftyrulez]

thanks kiran as your updates on idfc, it is going down even though market is moving up, plz comment on the above nifty post as i saw that put oi was increased to max till nowwhile call oi is decreasing it means market can move up na ? as per your strategy waiting for your comments

 

[trader15]

My understanding which i want to confirm is Significant "UpMove": Due to Put's open interest declining and additional Call Open interest generated for Out of Money Calls.

Disclaimer: I'm holding 2000 IDFC intraday at 136.65

Correction : It is indeed bearish. Was reading data wrongly. Reversing positions.

 

[RAAMAKANT]

Correction : It is indeed bearish. Was reading data wrongly. Reversing positions.

Means

 

[trader15]

we may go up once again near or over 5400 today

5200 Put: Open Interest Reduced

5300 & 5400 Put: Open Interest Increased Significantly

5500 Call: Open Interest Reduced

5600 Call: Open Interest : Upmove


Net Net: Bullish

 

[trader15]

Yes. Indeed. Most of open interest gets added not by buyers, but writers. And writer will make money only when market is bullish.

5400 Put Open Interest : 3 times since 11 AM data : Strong Wave coming

 

[rajin90]

hohoho suddenly mkt become bullish and nifty cross 5400

5500 %OI from negative now reach 2 point .