BankNifty PUTs & CALLs

[columbus]

APR.28 MAY-series Day.2 BankNifty=13082 (47)

The Expected Zone has expanded to (12900~13500).

The price of OPTIONS is too HIGH ,may be it is a long series.

I am forced to change the definition of the WINDOW to 500~1000.

Accordingly the chart looks like this.

 

[columbus]

We follow the PUT and CALL windows with the boundaries, as :


DAY		                 LOW~HIGH
=======                          =========	
1  to 6           	Approx...50Rs to 500Rs
7  to 11	        Approx...40Rs to 400Rs
12 to 16                Approx...35Rs to 350Rs
17 to END          	Approx...30~15Rs to 300~150RS

This is not based on ANY formula , but on just observations of last few days.

The above are the values followed ,NORMALLY.
But now I am forced to use the values 500~1000 for LOW ~ HIGH of the window.
Option values are usually HIGH ,may be the FACTOR of elections results is built
into it ?????

 

[columbus]

APR.29 MAY-series Day.3 BankNifty=12911 (47)

The Expected Zone has moved down to (12800~13200).

The price of OPTIONS is too HIGH ,may be it is a long series.

I am forced to change the definition of the WINDOW to 500~1000.

Accordingly the chart looks like this.

 

[columbus]

APR.30 MAY-series Day.4 BankNifty=12856 (-55)

The Expected Zone has expanded to (12600~13300).

The price of OPTIONS is too HIGH ,may be it is a long series.

I am forced to change the definition of the WINDOW to 400~800.

Accordingly the chart looks like this.

 

[columbus]

May.2 MAY-series Day.5 BankNifty=12842 (-14)

The Expected Zone is at (12600~13300) for SECOND day.

The price of OPTIONS is too HIGH ,may be it is a long series & impeding a important
event.

I am forced to change the definition of the WINDOW to 400~800.

Accordingly the chart looks like this.

 

[columbus]

May.5 MAY-series Day.6 BankNifty=12880 (38)

The Expected Zone has condensed to (12700~13300) from (12600~13300).

The price of OPTIONS is too HIGH ,may be it is a long series & impeding a important
event.

The CALL & PUT windows range is defined to 400 Rs~ 800 Rs.

Accordingly the chart looks like this.

The PRICE as well as IMPLIED VOLATILITY are HIGH.

 

[columbus]

May.6 may-series Day.7 BankNifty= 12966 (86)

The Expected Zone is at (12700~13300) for SECOND day..

The price of OPTIONS is too HIGH ,may be it is a long series & impeding a important
event.

The CALL & PUT windows range is defined to 400 Rs~ 800 Rs.

Accordingly the chart looks like this.

 

[columbus]

May.7 may-series Day.8 BankNifty= 12938 (-28)

The Expected Zone has condensed to (12800~13300) from (12700~13300).

The price of OPTIONS is too HIGH ,may be it is a long series & impeding a important
event.The Implied Volatility is over 50.(Rather HIGH at this time of the series).

The CALL & PUT windows range is defined to 400 Rs~ 800 Rs.

Accordingly the chart looks like this.

 

[columbus]

Courtesy: dummies.com

 

[columbus]

May.8 may-series Day.9 BankNifty= 13037 (99)

The Expected Zone has condensed to (12900~13300) from (12800~13300).

The price of OPTIONS is too HIGH ,may be it is a long series & impeding a important
event.The Implied Volatility is over 50.(Rather HIGH at this time of the series).

The CALL & PUT windows range is defined to 400 Rs~ 800 Rs.

Accordingly the chart looks like this.The CURRENT position is indicated.