Expiry Strategy: Sell 770 call @ 2.9.Downward breakout from the trend line confirms the bearishness. MACD reiterate the negative sentiment. Expect it to expire below 770 for this month. Any rise could invite selling pressure.
Optionselling
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.
Expiry Strategy: Sell 2300 Put Aug at 16. Lot size: 250Price crossover above 200-EMA and 50-EMA signals that the trend in positive note. Expect the price to move upward in the coming days. Recent trough around 2500 level would lend necessary support in the coming days.
Expect the stock would expire above the support band of 2300 - 2400 levels for Aug series. Recommending option writers to sell 2300 Put Aug.
Expiry Strategy: Sell 480 call Jul @ 1.5. Short term trend continue to bearish as it stays below 200-day EMA which hovers around 480.
Expect it to expire below 480 level.
Expiry Strategy Apr: Sell 240 Call @ 1.2EMA 50-day and 200-Day signals the bearish trend. Recent reversal from 50-day EMA and MACD confirms the downward trend. In the coming days, the stock would retest the downside level of 200. Expect it to expire below 200-EMA which hovers around 240 level.
Expiry Strategy Apr: Sell 700 Put @ 5.4 & Buy 680 Put @ 2.7Recent bounce back from buying zone which is between 50-day and 200-Day EMA confirms the bullish trend. As well, MACD signals impetus of the existing trend. In the coming days, if any stay above 775 level would take the stock to next upside level comfortably. Expect it to expire above 700 level. Lot size: 1200
Expiry Strategy: Sell 290 Put @ 1.5It witnessed a turnaround by finding a breakout from recent consolidation. As well, MACD confirms the trend reversal. Expect it would expire above 290 level for this expiry. Due to low liquidity, advised to execute the transaction by placing a sell order @ 1.5.
Expiry Strategy: Sell 85 Call @ 0.45Recently, the price found a reversal below 200-EMA. MACD confirms the bearish trend. Expect Feb series expiry would below 85.
Expiry Strategy: Sell Jan 8000 Call @ CMP 32.Trend continued to be in bearish note. Recent reversal below 100-EMA and breakout below wedge pattern confirms the continuation of downward fall. Expect the price would stay below 8000 level for this expiry.
Expiry Strategy: Sell Jan 320 Put @ 2.25. Lot size: 2667Recent crossover above 200-EMA and stay above resistance (plz refer the resistance line in chart) would bring back the positive momentum in the stock. As well, MACD reiterates the same. Expect the stock would find it closing above 320 level for Jan expiry.
Expiry Strategy: Sell 33 Call @ CMP 0.2. Lot size: 13000Recent struggle nearer at 20EMA signals that bears are still hold the control. As well, short term EMA stays below long term EMA confirms the bearish trend in the stock.
Expect it to expiry below 33 level.
Expiry Strategy: Sell Biocon 720 Call @ CMP 3. As price continue to stay below short term downward trend line and close below 50-day EMA with bearish engulfing would keep the trend under bearish territory. Expect Nov series would expiry below 720 and would fetch return of more than 20%p.a post expenses includes brokerage and tax.
Expiry Strategy: Sell 95 Call Oct @ 0.4Recent crossover in EMA and negative divergence in key indicator signals bearish bias in coming days. Expect the price would stay below 95 for this month.
Sell 180 Call @ 0.7 and Buy 185 Call @ 0.4Long term continue to bearish. Expect Expiry should below 180.
