Monday, August 14, 2017

Traders Sentiment Digest

With The Name of God, The Most Merciful. The Most Beneficent,
And The Excellent Helper, And The Excellent Protector
  1. Highest Open Interest in Calls is for 10000 with Open Interest at 5,476,425 a change of 7% and IV of 11.22 with change in OI to Volume of this strike at 1.9.

  2. Second Highest Open Interest in Calls is for 10100 with Open Interest at 5,021,475 a change of -3% and IV of 11.57 with change in OI to Volume of this strike at 1.1.

  3. Largest Change OI in Calls is for 9800 with Open Interest at 3,344,100 a change of 116% and IV of 11.4 with change in OI to Volume of this strike at 10.5.

  4. Highest Open Interest in Puts is for 9500 with Open Interest at 4,483,500 a change of 21% and IV of 16.63 with change in OI to Volume of this strike at 5.7.

  5. Second Highest Open Interest in Puts is for 9800 with Open Interest at 4,140,750 a change of -10% and IV of 14.45 with change in OI to Volume of this strike at 3.2.

  6. Largest Change OI in Puts is for 9900 with Open Interest at 2,447,625 a change of -34% and IV of 13.87 with change in OI to Volume of this strike at 20.

  7. #Nifty Put to Call Ratio of the actively traded strikes for the Current Series is 0.83 which indicates mixed sentiment.

  8. The popular Option Writing Strategies continue to be Short Strap Strangle and Covered Call Writing, using 9800/9500 strikes

  9. Distinct possibility of forming a balance around 9673 - 9737

  10. There is no sign of reversal, as yet

  11. The Week could bring lots of whipsaws

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Thursday, August 10, 2017

Traders Sentiment Digest

With The Name of God, The Most Merciful. The Most Beneficent,
And The Excellent Helper, And The Excellent Protector
  1. Highest Open Interest in Calls is for 10100 with Open Interest at 5,192,625 a change of 3% and IV of 10.91 with change in OI to Volume of this strike at 1.1.

  2. Second Highest Open Interest in Calls is for 10000 with Open Interest at 5,116,650 a change of 25% and IV of 11.21 with change in OI to Volume of this strike at 5.7.

  3. Largest Change OI in Calls is for 9900 with Open Interest at 3,251,400 a change of 56% and IV of 11.54 with change in OI to Volume of this strike at 8.1.

  4. Highest Open Interest in Puts is for 9800 with Open Interest at 4,620,525 a change of -4% and IV of 12.2 with change in OI to Volume of this strike at 1.3.

  5. Second Highest Open Interest in Puts is for 9900 with Open Interest at 3,724,200 a change of -4% and IV of 11.48 with change in OI to Volume of this strike at 1.

  6. Largest Change OI in Puts is for 10000 with Open Interest at 3,310,275 a change of -19% and IV of 10.41 with change in OI to Volume of this strike at 11.8.

  7. #Nifty Put to Call Ratio of the actively traded strikes for the Current Series is 0.84 which indicates mixed sentiment.

  8. The day saw covered and naked call writing while the put writers were virtually running for cover

  9. The momentum and sentimental bias has turned severely negative

  10. No sign of reversal as yet

  11. The 50 DMA is likely to be tested tomorrow which is at 9773

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Opening Moves

With The Name of God, The Most Merciful. The Most Beneficent,
And The Excellent Helper, And The Excellent Protector
  1. Highest Open Interest in Calls is for 10100 with Open Interest at 5,627,175 a change of 12% and IV of 9.26 with change in OI to Volume of this strike at 10.2.

  2. Second Highest Open Interest in Calls is for 10200 with Open Interest at 4,855,350 a change of 5% and IV of 9.53 with change in OI to Volume of this strike at 4.3.

  3. Largest Change OI in Calls is for 9900 with Open Interest at 3,132,225 a change of 51% and IV of 9.28 with change in OI to Volume of this strike at 21.8.

  4. Highest Open Interest in Puts is for 9800 with Open Interest at 5,156,175 a change of 7% and IV of 13.46 with change in OI to Volume of this strike at 5.1.

  5. Second Highest Open Interest in Puts is for 9900 with Open Interest at 3,974,850 a change of 3% and IV of 12.94 with change in OI to Volume of this strike at 1.9.

  6. Largest Change OI in Puts is for 9700 with Open Interest at 3,310,200 a change of -11% and IV of 14.16 with change in OI to Volume of this strike at 8.

  7. #Nifty Put to Call Ratio of the actively traded strikes for the Current Series is 0.85 which indicates mixed sentiment.

  8. Popular strategies for the day continue to be covered calls and short strap strangles

  9. The PCR is moving down slowly but surely

  10. This indicates that more and more Option Sellers are turning bearish

  11. Nifty is attempting to balance below previous VAL.

  12. It is unlikely to slip below 9810 Cash. But if it does than this correction would run quite deeper.

  13. Nifty is oversold below 9837 Cash, it'd be a good trade location for intraday longs, with 9810 Cash as Stop

  14. Likely range till 14:30 is 9810 to 9923

  15. The open is Open Auction Outside Value, and Outside Range

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Wednesday, August 9, 2017

Traders Sentiment Digest

With The Name of God, The Most Merciful. The Most Beneficent,
And The Excellent Helper, And The Excellent Protector
  1. Highest Open Interest in Calls is for 10100 with Open Interest at 5,024,250 a change of 2% and IV of 9.06 with change in OI to Volume of this strike at 0.8.

  2. Second Highest Open Interest in Calls is for 10200 with Open Interest at 4,641,300 a change of 6% and IV of 9.43 with change in OI to Volume of this strike at 2.1.

  3. Largest Change OI in Calls is for 10000 with Open Interest at 4,081,500 a change of 23% and IV of 8.74 with change in OI to Volume of this strike at 5.7.

  4. Highest Open Interest in Puts is for 9800 with Open Interest at 4,838,175 a change of 6% and IV of 14.66 with change in OI to Volume of this strike at 2.4.

  5. Second Highest Open Interest in Puts is for 10000 with Open Interest at 4,072,125 a change of -13% and IV of 14.2 with change in OI to Volume of this strike at 5.8.

  6. Largest Change OI in Puts is for 10000 with Open Interest at 4,072,125 a change of -13% and IV of 14.2 with change in OI to Volume of this strike at 5.8.

  7. #Nifty Put to Call Ratio of the actively traded strikes for the Current Series is 0.88 which indicates mixed sentiment.

  8. The popular option writing strategies these days are short strap strangle and writing covered calls

  9. Nifty has begun to balance which means that selling pressure has begun to subside

  10. Tomorrow Nifty Cash might find support anywhere between 9847 - 9897

  11. The range could well be somewhere between 9847 - 9937, provided Nifty breaches 9889

  12. The Sentimental as well as Momentum Biases are negative

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Opening Moves

With The Name of God, The Most Merciful. The Most Beneficent,
And The Excellent Helper, And The Excellent Protector
  1. Highest Open Interest in Calls is for 10100 with Open Interest at 5,304,450 a change of 8% and IV of 9.01 with change in OI to Volume of this strike at 9.6.

  2. Second Highest Open Interest in Calls is for 10200 with Open Interest at 4,797,450 a change of 9% and IV of 9.27 with change in OI to Volume of this strike at 10.3.

  3. Largest Change OI in Calls is for 10000 with Open Interest at 3,825,000 a change of 15% and IV of 8.87 with change in OI to Volume of this strike at 13.4.

  4. Highest Open Interest in Puts is for 9800 with Open Interest at 4,748,550 a change of 4% and IV of 14.08 with change in OI to Volume of this strike at 4.5.

  5. Second Highest Open Interest in Puts is for 10000 with Open Interest at 4,667,700 a change of 0% and IV of 13.35 with change in OI to Volume of this strike at 0.2.

  6. Largest Change OI in Puts is for 9900 with Open Interest at 4,182,375 a change of 7% and IV of 13.62 with change in OI to Volume of this strike at 5.4.

  7. #Nifty Put to Call Ratio of the actively traded strikes for the Current Series is 0.89 which indicates mixed sentiment.

  8. 9800 PE marginally beats the open interest at 10-000 strike

  9. Decent call writing at 10-000

  10. It indicates that Option seller are wary of the fact that current correction/reaction could carry all the way till 50 DMA which would be around 9747

  11. The popular strategy for the day is short strap strangle using 10-000 CE and 9800 PE

  12. The opening is Open Auction Inside Range

  13. The Momentum Bias for the current session is neutral

  14. The Sentimental Bias is moderately negative

  15. Nifty is likely to trade between 9897 to 9973 range for the most part of the day

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Traders Sentiment Digest

With The Name of God, The Most Merciful. The Most Beneficent,
And The Excellent Helper, And The Excellent Protector
  1. Highest Open Interest in Calls is for 10100 with Open Interest at 4,905,075 a change of 25% and IV of 8.76 with change in OI to Volume of this strike at 4.9.

  2. Second Highest Open Interest in Calls is for 10500 with Open Interest at 4,457,925 a change of 15% and IV of 10.22 with change in OI to Volume of this strike at 11.1.

  3. Largest Change OI in Calls is for 10100 with Open Interest at 4,905,075 a change of 25% and IV of 8.76 with change in OI to Volume of this strike at 4.9.


  4. Highest Open Interest in Puts is for 10000 with Open Interest at 4,677,750 a change of -12% and IV of 12.44 with change in OI to Volume of this strike at 3.2.

  5. Second Highest Open Interest in Puts is for 9800 with Open Interest at 4,583,250 a change of 9% and IV of 13.36 with change in OI to Volume of this strike at 2.9.

  6. Largest Change OI in Puts is for 10100 with Open Interest at 1,884,375 a change of -26% and IV of 12.36 with change in OI to Volume of this strike at 9.2.

  7. #Nifty Put to Call Ratio of the actively traded strikes for the Current Series is 0.9 which indicates mixed sentiment.

  8. Highest Open Interest in puts continue to be at 10K

  9. Put Writers continue to be unperturbed by today's minor correction

  10. There is no indication that the present correction has ended

  11. But there appears to be a strong support at 9889 for tomorrow

  12. However, a close below 9950, could indicate a likelihood of test of 50 DMA around 9747

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Tuesday, August 8, 2017

Traders Sentiment Digest

With The Name of God, The Most Merciful. The Most Beneficent,
And The Excellent Helper, And The Excellent Protector
  1. Highest Open Interest in Calls is for 10200 with Open Interest at 3,958,575 a change of 21% and IV of 8.32 with change in OI to Volume of this strike at 9.4.

  2. Second Highest Open Interest in Calls is for 10100 with Open Interest at 3,924,825 a change of 10% and IV of 8.13 with change in OI to Volume of this strike at 5.8.

  3. Largest Change OI in Calls is for 10200 with Open Interest at 3,958,575 a change of 21% and IV of 8.32 with change in OI to Volume of this strike at 9.4.


  4. Highest Open Interest in Puts is for 10000 with Open Interest at 5,321,925 a change of 2% and IV of 11.9 with change in OI to Volume of this strike at 1.5.

  5. Second Highest Open Interest in Puts is for 9800 with Open Interest at 4,204,425 a change of 3% and IV of 13 with change in OI to Volume of this strike at 4.1.

  6. Largest Change OI in Puts is for 9700 with Open Interest at 3,824,625 a change of 10% and IV of 13.7 with change in OI to Volume of this strike at 11.3.


  7. The strikes that carry the highest Open Interest are the ones that are also being traded intraday. This indicates that the Option writers are confident that Nifty lacks any directional momentum at the moment
  8. Iron Condor writers are active in the current series. It indicates that Option experts are confident that the volatility would decrease in coming sessions.
  9. Basically what we are looking at is a rangebound market unless the high of the day 10-088 or 9944 is taken out. This means that sentimental bias is neutral

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Monday, August 7, 2017

Opening Moves

With The Name of God, The Most Merciful. The Most Beneficent,
And The Excellent Helper, And The Excellent Protector
  1. Highest Open Interest in Calls is for 10100 with Open Interest at 3,955,500 a change of 11% and IV of 7.86 with change in OI to Volume of this strike at 17.2.

  2. Second Highest Open Interest in Calls is for 10500 with Open Interest at 3,911,550 a change of 2% and IV of 8.95 with change in OI to Volume of this strike at 12.1.

  3. Largest Change OI in Calls is for 10200 with Open Interest at 3,776,700 a change of 16% and IV of 8.11 with change in OI to Volume of this strike at 20.9.


  4. Highest Open Interest in Puts is for 10000 with Open Interest at 5,391,000 a change of 4% and IV of 12.28 with change in OI to Volume of this strike at 8.7.

  5. Second Highest Open Interest in Puts is for 9900 with Open Interest at 4,099,275 a change of 2% and IV of 12.8 with change in OI to Volume of this strike at 5.2.

  6. Largest Change OI in Puts is for 9700 with Open Interest at 3,693,225 a change of 6% and IV of 14.08 with change in OI to Volume of this strike at 18.9.

  7. The popular Option writing strategy for the day is Short Strap Strangle
  8. The strike used 10-200/10-000
  9. The Open today is Open Auction Outside Value but Inside Range
  10. The Friday was a volatile day, hence there are no clear VAH and VAL points

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Sunday, August 6, 2017

Nifty Derivatives This Week

With The Name of God, The Most Merciful. The Most Beneficent,
And The Excellent Helper, And The Excellent Protector
  1. FIIs have been going short relentlessly in the current series;
  2. The Options sellers don't have a clear view about the direction of Nifty
  3. The Bias could be positive above 10-023 (BankNifty: 24723) and negative below it
  4. The Expected range could be somewhere between 9923 - 10-223 (BankNifty: 24-250 to 25-300)
  5. Nifty and BankNifty appear to be in corrective mode
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