Gap down opening followed by a downtrend but recovery in the last 30 mins.
Expecting a trending day tomorrow in case of a break out or break down as there has been massive option writing in both call and put at 35000. People are playing short straddle at that strike price. There is a possibility
Trading Ideas
Long above 35150
Short below 34890
>>Option buying
Long Position: Buy 35300 CE
Short position: Sell 34900 PE
>>Option Selling
Sell 36000 CE and 34500 PE
Expecting a trending day tomorrow in case of a break out or break down as there has been massive option writing in both call and put at 35000. People are playing short straddle at that strike price. There is a possibility
Trading Ideas
Long above 35150
Short below 34890
>>Option buying
Long Position: Buy 35300 CE
Short position: Sell 34900 PE
>>Option Selling
Sell 36000 CE and 34500 PE
Note
Long Position: Buy 35300 CE Short position: BUY 34900 PE
please ignore the SELL written under short position
Note
Trade worked fine on long side
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.