iCharts Discussions

[yashrahul]

Note:Markets have turned very volatile.....erosion in premium is going on far away strikes if one observes them regularly...the highest oi is still concentrated around the 6500 put and 7000 call range..with some good addition also seen in 6000 put..this series is impossible to predict owing to the unpredictable election results but going by the options data the rough range is 6300-7200...if we add the premium of the 6500 put and 7000 call to their respective strike prices as per their trading value one or two weeks back...still this month even with a very broad range will be the most unpredictable of them all...hence trade carefully...best luck

[amitagg]

Over thee past 5-7 days, I could see my sold 7000 call gain from 220 to 150 (and current 123 low 110 approx) while my sold 7000 put was near cost of 332 (closing some 387)...meaning calls were written and put prices did not rise "proportionately" despite fall....any ideas...and what happened to other strikes....it to a layman like me means support for 6500 NS...and more confidence is support holding...and may be creating cushion for entrying longs (by cash buying) and selling NF to kill call premiums....covered call type of thing...any comments / ideas.....range u mentioned is the most likely one it appears....

[yashrahul]

[rk_a2003]

[yashrahul]

Note:Something unusual was happening today in 6300 put and 7200 call...at one point of time both were appreciating even though the market was moving in a 10 point range...one more thing i have observed over the past one week 7200 call doesn't come below 75 very easily irrespective of the market not moving higher much ...some how 7200 call keeps on bouncing back from lower levels to 75 and above...i have been trading in 6300 put and 7200 call over the past one week or so hence was able to observe these movements on a regular basis..don't have exact details of other calls and puts...

highest oi is still at 6500 put and 7000 call...hence my expected range of 6300-7200 has not narrowed not widened...be careful in trading for this month...take care...best luck

[yashrahul]

The premium in puts has gone bust..this is the reason why i had abstained from mentioning about calls or puts in the past one month by looking at options open interest..what was visible was the range of 6300-7200..the upside of the range is here and in one week or two and things will start settling down once the results are out and if they are as per the Exit polls...then we can again start looking at options open interest as one sided move of the markets will probably come to an end and the open interest will be a better guide as compared to what it was in the month of may...still the results are not out and lets hope that we don't have any surprises...Best luck

[yashrahul]

Note:Election results are done with and finally we will back to normal ways soon in options,today it was not all a good day for option buyers..both calls and puts lost money irrespective of the direction of the markets..one more notable point is not only may but even june calls and puts also lost the premiums..this generally happens after a very big event like the elections..my guess is that the premiums of calls/puts might not have fully eroded premium and will slowly erode their premium in the coming weeks..we will start looking at oi like before from the month of june...in the coming days markets will settle at some level for itself and again start trading in an intermediate range...new levels are here and positive sentiments will help the markets owing to the election results once the markets settle down in the coming days...will be back soon...best luck...

[amitagg]

[yoginishreyas]

Its new morning, new series, End of volatile series and beginning of new era.

We are all waiting for your guidance on Open Interest again.

Thanks
Shreyas

[paa]

Sonil,
please attach latest excel file for nifty and bank nifty open interest.
old one is not working properly
Regards

[yashrahul]

[yashrahul]

Note:we have seen the best of election results and they are behind us, markets have consistently hit new highs and in the coming five years I hope we see newer and newer highs,from an Nifty options point of view the most volatile period is over for the next five years till the next elections.

for the start of the june series,highest oi is at 7500 call and 7000 put,as the days progress we will know better whether this range holds or moves to the upside or downside.....best luck

[yashrahul]

Note:Huge oi addition seen in 7300 put,it seems that 7300 put is being written and 7300 call has cut some oi there by giving the indication that the market is trying to make a base at 7300 and move up further...the oi in 7300 put is not much and hence it is too early to conclude that a base is formed immediately but we will get to know in some days depending on the movements of the markets...

[yashrahul]

Note:OI addition seen in most of the puts indicating that they are been written contrary to that most of the calls have shed OI indicating unwinding of shorts in those particular calls,overall it seems markets are moving on the upside with strong support at 7500 NS.

[amitagg]