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OPEN INTEREST IN NIFTY OPTIONS |
yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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Post: #376  Posted: Mon Mar 03, 2014 7:11 pm Post subject: |
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Note:6300 call is being written for sure 6200 put initial indications are it is bought and not written...market is going to go down...6300-6350 is the top as per the options data as of now....best luck
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PS Trader
White Belt
Joined: 22 Sep 2013
Posts: 101
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| Post: #377 Posted: Mon Mar 03, 2014 10:24 pm Post subject: |
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| did you notice 5800 PE OI addition? Any view on that? |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #378 Posted: Tue Mar 04, 2014 9:16 am Post subject: |
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| PS Trader wrote: | | did you notice 5800 PE OI addition? Any view on that? |
As per my view ...5800 pe is bought to hedge the portfolio in case a full fledged war(which seems unlikely as of now) gets started....when there is a huge uncertainty in the near future FIIs and Institutional investors buy such deep otm puts to hedge their portfolios as with minimum risk they save their portfolios and of their clients against a very major fall. |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #379 Posted: Wed Mar 05, 2014 12:43 am Post subject: |
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| Note:Contradictory statement is made by me today as compared to yesterday...my words change as per options data...6200 put is being written..i can also see accumultion in 6300 put and 6400 put..also i can see some addition of oi in 6400 call..markets are trying to squeeze the bears and go towards 6400 but they have to do it in such a way that 6300 call writers have to feel the pressure and start unwinding..we will wait and watch and come to know in a day or two..as always...best luck |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #380 Posted: Wed Mar 05, 2014 12:49 pm Post subject: |
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| NS 22 + but 6300CE still in minus. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #381 Posted: Wed Mar 05, 2014 1:17 pm Post subject: |
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| chandrujimrc wrote: | | NS 22 + but 6300CE still in minus. |
also 6250 put was quoting at 54 [6196] while 6150 put at 30 [6120]....a while back....80 points difference....i would have expected a little less may be.....so 6250 put also being written so low value????
intra day market only "up" till 6270 taken down....and for next few days also....why to assume it goijng down when banks are taking it up  |
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yoginishreyas
White Belt
Joined: 03 Dec 2012
Posts: 80
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| Post: #382 Posted: Wed Mar 05, 2014 1:35 pm Post subject: |
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Hello yashrahul,
Your comments please, I think 6330 is the end of rally and start of little correction. Is markets going sideways this month? since OI at 6200 is 74Lcs which is not easy to break, or is their more upside left?
Thanks
Shreyas |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #383 Posted: Wed Mar 05, 2014 6:33 pm Post subject: |
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| yoginishreyas wrote: | Hello yashrahul,
Your comments please, I think 6330 is the end of rally and start of little correction. Is markets going sideways this month? since OI at 6200 is 74Lcs which is not easy to break, or is their more upside left?
Thanks
Shreyas |
u are absolutely right about 6200 oi being huge and 6150-6200 might be very difficult to break in this series..market is getting overbought at these levels and sideways movement is on the cards but 6350 NS will be a big hurdle to cross..6150-6200 to 6350-6400 on NS on closing basis is the range for the month as per my view. |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #384 Posted: Wed Mar 05, 2014 6:53 pm Post subject: |
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| Note:6150-6200 NS On a closing basis on the downside and 6350-6400 on a closing basis on the upside is looking like a likely range for this series as per the options data |
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nanjanbala
White Belt
Joined: 03 Jan 2009
Posts: 14
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| Post: #385 Posted: Thu Mar 06, 2014 12:11 am Post subject: |
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| yashrahul wrote: | | just saw the premiums for the may series..look for yourselves both the calls and puts are trading at unbelievable prices...for example 6100 put april is trading at 64 rs and 6100 may last trade is at 240 rs...generally the difference between two months call/put of same strikes is generally 30-50 rs and not 150-180 rs like it is in these months of may and april...owing to elections the big players are trying to take the premiums to such high levels that after the elections irrespective of the outcome both the call and put buyers won't gain much...they know that after the last election outcome of two circuits very few will have the courage to either write/short a call or a put. |
The increase in premium is due to buying of long staddles and strangles by option buyers... this usually happens before a major event. |
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nanjanbala
White Belt
Joined: 03 Jan 2009
Posts: 14
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| Post: #386 Posted: Thu Mar 06, 2014 12:19 am Post subject: |
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| chandrujimrc wrote: | | NS 22 + but 6300CE still in minus. |
The option prices are based on the price of Nifty futures...during the above quotes, the nifty future was also in minus. |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #387 Posted: Thu Mar 06, 2014 9:14 am Post subject: |
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| nanjanbala wrote: | | yashrahul wrote: | | just saw the premiums for the may series..look for yourselves both the calls and puts are trading at unbelievable prices...for example 6100 put april is trading at 64 rs and 6100 may last trade is at 240 rs...generally the difference between two months call/put of same strikes is generally 30-50 rs and not 150-180 rs like it is in these months of may and april...owing to elections the big players are trying to take the premiums to such high levels that after the elections irrespective of the outcome both the call and put buyers won't gain much...they know that after the last election outcome of two circuits very few will have the courage to either write/short a call or a put. |
The increase in premium is due to buying of long staddles and strangles by option buyers... this usually happens before a major event. |
I didn't ask why it happened ,i just pointed to may options data out so that everyone could see that a big movement is on the cards in may.  |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #388 Posted: Thu Mar 06, 2014 9:19 am Post subject: |
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| nanjanbala wrote: | | chandrujimrc wrote: | | NS 22 + but 6300CE still in minus. |
The option prices are based on the price of Nifty futures...during the above quotes, the nifty future was also in minus. |
i don't know when exactly are you referring to but it generally happens when the calls are written and the market knows that a sideways movement is on the cards or also if they feel that the upward journey is going to be very slow and they can easily keep on gulping the premium with every rise |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #389 Posted: Thu Mar 06, 2014 6:38 pm Post subject: |
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Note:Markets are in party mode and it seems that the party is going a little overboard...6300 put is being written and even 6400 put is showing early signs of being written....short covering in banks is one of the main reasons for this nifty rally...enjoy the rally till it lasts and congrats as we might see a new lifetime high and new life time highest closing soon..an indicator had given a long call in the region of 6050 -6100 and it could have given 300 points on the nifty without much hiccups...now waiting for the indicator to give the same indication for 300 points or more on the downside without much hiccups...when will it happen i don't know but whenever it happens i will be amongst those who will embark on the top for a big slide down  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #390 Posted: Thu Mar 06, 2014 7:09 pm Post subject: |
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| yashrahul wrote: | | Note:Markets are in party mode and it seems that the party is going a little overboard...6300 put is being written and even 6400 put is showing early signs of being written....short covering in banks is one of the main reasons for this nifty rally...enjoy the rally till it lasts and congrats as we might see a new lifetime high and new life time highest closing soon..an indicator had given a long call in the region of 6050 -6100 and it could have given 300 points on the nifty without much hiccups...now waiting for the indicator to give the same indication for 300 points or more on the downside without much hiccups...when will it happen i don't know but whenever it happens i will be amongst those who will embark on the top for a big slide down |
sensex has already made a life time high today and also closed at a life time high while nifty closed at a life time high though it didn't make a life time high. |
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