We have been updating the BankNifty Straddle and Strangle returns table on a daily-basis. Here’s a post on what it is and how it can be leveraged during the market hours. Here’s a sample image generated at the end of day, 12th March 2019 1 – Represents a column with the strikes for PEs (28400 …
[Tool] BankNifty BN Straddle and Strangle returns table – Explained Read More »
20th March 2019 – It was a very quiet expiry for BankNifty as the index moved within a 150 point range. Hence the option writers made the most out of this expiry. 29850 (FIBO 2) was a strong resistance for BN on the expiry date. What a rally it was! BN had moved almost 2000 …
19th March 2019 – The Bull run seemed to have slowed down as BN struggled to go past the Fibo level 1 at 29750. The technicals however shows momentum is still out there for more up move. Option chain – Very less OI addition across CEs and PEs. ITM CE writes have covered their shorts. …
18th March 2019 – Bull run continues in the market with both the indexes not showing any sign of weakness. BankNifty gapped up (140+ points), rose to a day’s high, and wasn’t able to sustain the momentum. 29412 acted as the day’s support. CE writers had to close their shorts and roll up positions. Option …
15th March 2019 – BankNifty gapped up (80 points) and gradually rose up to new highs. The last 30 minutes showed good signs of weakness. The opening range of BN on Monday is very critical how the 20th March expiry week spans out. Throughout this week, the CE writers have been on the run to …
14th March 2019 – It was a quiet expiry for BN as it settled down around 28900 levels. It was range bound within 29070 and 28115 levels. Option chain – Since it is the beginning of the expiry, there was good OI addition across both Pes and CEs at various levels. 28900, 29000 and 29500 …
13th March 2019 – Another rally in Bank Nifty powered by HDFC bank and heavy buying across most of the banks. CE writers had to run for their money as BN surged to all-time highs today. Mass CE short covering across most of the ITM CEs (till 28900 CE). Option chain – 28900, 29000 and …
This link provides a near-live output to choose the right strike price for a naked one-leg (single leg) options writing. How to interpret these inputs/ output – (Refer to the black boxes with number) Timestamp when you hit calculate or when you load the page BankNifty spot value at the above mentioned timestamp Filters for …
12th March 2019 – BN started with a gap up of close to 150 points and continues to rally to hit a close all time high of 28450 levels. Heavy addition of OI across CEs (28700 to 29000) and PEs (28000 – 28500) Option chain – 28500, 28600 and 28900 act as the resistance on …
11th March 2019 – BN started with a gap up and continues to rally post the announcement of election dates. 28055 being a very strong resistance, BN seemed to hover just below the level, to settle down just below 28000 at day’s close. Heavy addition of OI across CEs (28200 to 28600) and Pes (27600 …
