After consolidation, there's a crazy move today! 3rd expiry Crazy movement will happen right after a consolidation in the way the market behaves. But this kind of movement is the nightmare of an option seller like me. The movement is led by the globe clue. Let's see how the 18000-19950 range acts above 18350. We know the import level to watch. Looking at the chart, there is a gap it filled now and will try to bounce back if that is being strong enough. 18000 will not be B.K this week. Let's see how it is going to end up this week.
I am coming to my weekly option selling position. I have a deep pain in 17950 PE. I keep holding it and on the CE side, I have made profit of 18650 and 18600. currently holding 18500CE. I hope I can exit with 1% this week if the nifty won't B.K. 18000. If that happens, I will exit with a 1% loss.
