Description
⋅ In the morning session PE writers are un-winded their carry forward positions and CE''s are shorted. Today more CE's are shorted when compared to PE's
As per the option chain it is observed that 17800CE and 17700PE positions are shorted. These positions are hedged with 18100CE and 17500PE.
By observing this positions we can expect expiry in the range of 17500 - 17900.