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The week end on a high.The week ends on a high. i was expected that it would be a tricky expiry, but it could end up with nearly 2%. I haven't done any aggressive position yet, selling premium spike helped me get there. The week ends on a high. I expected that it would be a tricky expiry, but it could end up with nearly 2%. I haven't taken any aggressive positions yet, but selling premium spike helped me get there. Can I hold on to my 17500CE and 15400PE On Thursday, it absolutely melted. I could roll up my position to 16900CE and 16200PE to end the week. Let's keep a close look at the price action. vix on top and nifty in a negative trend. I will make a decision after watching below 16000 and above 16700. I hope everyone has a good week.
NSE:NIFTY
by Manuadarsh
Not a calm expiry but a nifty pause Looking at the chart of 200 point intraday movement now becomes calm expiry. but it's good to see nifty in a range of 17400 to 17200. Option sellers make money, but premium spikes are crazy. Price action speaks. After a trending market, there is a consolidation. That is how the market behaves. The market is still not stable. Global clues are still confusing the market. We can see more news-driven movements. Let's keep an eye on 17450 and 17250 for the last 2 days, respected. Let's keep an eye on these levels. If any of these breaks, we can see another quick move from here. Coming to my option of selling the sitting on top of near 2% profit this week. On Wednesday, the market gapped up, so I booked profit on my 16700PE. When the market started moving down, I was able to get the same position with a good premium, and I averaged the PE side twice, which added good profit to the PE side. I roll down to my CE of 17700. At the end of the day, I rolled my PE to 16900. At the end, my 16900 showed some red, but I had already booked some good profit from 16700, so the position was all good. I hold on to it. When the day started, my position almost melted away. I booked a profit. The market moved down and took support at 17250, a good premium spike of 17900, with the same safety roll down to my CE of 17600. I was expecting a quick down move, so I entered 17500CE and it went and hit SL. After that, it moved my positions to the downside, 17200PE and 17450CE, ending the week on a high. but i was bit worried about the premium spike SL set up saved from the volatile day. 17500CE only hit SL. End the week on a high.
NSE:NIFTY
by Manuadarsh
Volatile continues where we can expect expiry. Feb 2nd expiry.Many days of volatility, we can say that the year began with volatility and that it continues, I would say. This Monday, it was b.K. 17400, which was an important fib 0.5 level. Once it is taken out, it is a proper down move. We all know that the importance of the 17000 to 17080 rage is that the rage acted as a support and bounced back again, multiple times, to 17450. A roller coaster ride for option sellers. Tomorrow, the RBI's policy meeting. interest rate fear will be there. Let's see how it ends tomorrow. If it continues above 17400, the next level to watch is 17600. On the down side, if any violation below 17350 rages, today's consolidation weakness is still there. We can expect a further decline in prices. I am coming to the option of selling this week. Good for me. I have already booked a profit of nearly 1%. On Monday, nifty b.k 17400, I sold 17400 naked and gave a good profit, and on Tuesday, I entered my 17800CE position and waited to enter the PE side once it took a reversal. I entered 16550. The market moved up. profit in both PE and CE. I am coming to the option of selling this week. Good for me. I have already booked a profit of nearly 1%. On Monday, nifty b.k 17400, I sold 17400 naked and gave a good profit, and on Tuesday, I entered my 17800CE position and waited to enter the PE side once it took a reversal. I entered 16550. The market moved up. profit in both PE and CE. Today's gap is filled with consolidation. I rolled up my PE to 17050 and my CE to 17700. I am holding on to it. This week I'm going to be super conservative because of last week. If nifty, open with a gap up. If it tries to break 17600, I will roll my CE PE up. If it goes below 17200, I will roll my CE down and I will probably exit the PE side if it goes below 17150. Otherwise, I could end up with this week's above 1.5%.
NSE:NIFTY
by Manuadarsh
Expiry Strategy Nov: Sell 115 Put @ 0.75. Lot Size: 5334Trend continued to be in bearish territory on back of EMA (20 EMA below 50 EMA). Recent correction from the resistance of 140 level where roof of the downward trend line hovers. On contrary, as MACD above zero expect the price to find support around 120 levels. In the recent past, the price comfortably found support around the same level twice. Expect a bounce back in the coming days so Nov expiry would above 120 levels. As I always believe in option selling rather buying based upon the trend, prefers Sell 115 Put around 0.75 level.
NSE:GAILLong
by vigneshwaraj