how to read option chain?
In option chain look for the MAX CHOI CE PE,
which one is higher CE or PE?
PE is higher then CE, its a BUY signal
CE is higher then PE, its a SELL signal
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Today
MAX CHOI Time-9.30
PE8200-705,225
CE8300-103,800
which one is higher CE or PE? PE is higher so its a BUY signal
MAX CHOI Time-10.00
PE8200-1,516,025
CE8300-127,200
10.00 am PE 8200 CHOI changed from 705,225 to 1,516,025 (which is a good sign)
10.00 am CE 8300 CHOI stay at same value (9.30AM-CE8300-103,800 / 10AM-CE8300-127,200)
(increasing in MAX CHOI in one side is good sign)
if one side of MAXCHOI increasing,and other side of MAXCHOI not increasing or
some values(+or_) that is a signal i am looking for,
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next Buy signal in chart
i use 30 min for this strategy,
in 30 min once i get a buy signal,i buy the option
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how to select a strike price of the option for buy?
MAX CHOI Time-10.00
PE8200-1,516,025
CE8300-127,200
Today 10 AM ,MAX CHOI PE8200-1,516,025 ,which means Bulls protect the 8200 Lv
so one can buy the 8200CE or 8300CE
(for selecting what strike to buy ,use the MAXCHOI Lv, Today 8200)
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buy signal in chart+buy signal in MAXCHOI ,buy the MAXCHOI Lv (Today MAXCHIO at 8200,so by 8200CE or 8300 CE)
you can get 50% to 100% ,
today i buy 8200CE at 111.50 terget-167.25
i use stoploss-30 points in nifty,
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