ADANIENT – Options Trade Snapshot

📄 ADANIENT – Options Trade Snapshot (Educational Analysis)
Date: 12 Aug 2025
Spot Price: ₹2,283.40
Market View: Bullish bias based on option data & price structure
Overall Sentiment: Positive – multiple Call short coverings and fresh Put short build-ups
Volatility (IV): 34.5% – 51.4% (moderate–high, suggesting option premiums are relatively elevated)
Analysis Purpose: For market study & understanding of option chain signals

1️⃣ Observed Bullish Setup – 2300 Call Option
LTP: ₹64.05
Breakeven (for understanding): ₹2,364.05
Notable Data Points:
Volume spike: 22,099 contracts (166% higher than usual)
IV decreased while price increased → generally indicates aggressive buying
Delta ~0.5 → option price moves about ₹0.50 for every ₹1 in underlying

2️⃣ Observed Neutral-to-Bullish Setup – 2250 Put Option
LTP: ₹51.55
Breakeven (for understanding): ₹2,198.45
Notable Data Points:
Large open interest addition (+105,600 contracts / +47.5%)
Many traders appear to be expecting price to remain above 2250
Theta ~ -2.84/day → higher time decay benefits sellers in such positions

3️⃣ Observed Bullish Spread Structure – 2300 CE + 2400 CE
Leg 1: 2300 CE @ ₹64.05
Leg 2: 2400 CE @ ₹28.40 (short)
Net Cost (for study): ₹35.65
Maximum Risk: ₹6,238.75 (per lot)
Maximum Reward: ₹11,261.25 (per lot)
Breakeven Level: ₹2,335.65
Why:
Limits risk vs naked CE buy while keeping upside potential until 2400.
OI data supports bullish trend above 2300, resistance near 2400.
Lower IV on CE side helps spread entry.
Suitable for moderate upside with controlled risk.


📘 My Trading Setup Rules
Avoid Gap Plays
→ Check pre-open price action to avoid trades influenced by gap-ups/gap-downs.
Breakout Entry Only
→ Enter trades only if price breaks previous day’s High (for bullish trades) or Low (for bearish trades).
Watch Volume for Confirmation
→ Monitor volume closely. No volume = No trade.
Enter on Strong Candle + Volume
→ Execute the trade only if a strong candle appears with increasing volume in the direction of the trade.
Defined Risk:Reward Only
→ Take trades only if R:R is favorable (ideally ≥ 1:2).
Premium Disclaimer
→ Option premiums shown are based on EOD prices — real-time premiums may vary during execution.
Time Frame Preference
→ Trade with your preferred time frame — this strategy works across intraday or positional setups.


Disclaimer:
This analysis is for educational and informational purposes only and is not investment advice. The data presented is based on publicly available market information and represents a study of price action and option chain behaviour. Trading in securities/derivatives involves substantial risk, and past performance is not indicative of future results. Please consult your SEBI-registered investment advisor before making any investment or trading decisions.