Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
Further @10:20
Max CHGOI @ 5800CE - 850K
Max CHGOI @ 5400PE - 869K
Max OI - @ 6000CE @ 70L
Max OI - @ 5600PE @ 82L
Calls chgOI - 15L
Puts chgOI- 3.6L
Clearly calls are being written aggressively and puts unwinding in all the strike prices
I think we should as a rule avoid buying naked calls and puts as a strategy as it looses value dramatically in case of a swing... 5800 Ce closed at 138 on Friday is now 88...almost halved the price whereas the pair that was sold into
5700PE & 6000CE @ 87 is still trading at 90.95... just 3 points loss... as a word of caution , you can come out of this pair if CHGOI for 5700PE is >-10%... that would indicate immediate downturn and delta of 6000CE would not match delta of 5700PE
70L theory is still holding.. on Friday even on a gap up, 6000CE reached 70L net OI and didnt break down... so the rally ceiling is reached. i think its a safe bet to short at every rally
also shown the current OI analysis