The Nifty spot price was used to settle positions with the writers of the 6000 CE and the 6000 PE today. It made new lows today, matching the lows of last week and all the time the Nov Future, held the lows of the morning and closed with a 70 point premium !
After finishing off the 6000 CE writers from early morning whose Open Interest at one point reached 12 lacs ( subsequently reduced to 2 lacs) the Nifty made a u turn for the PE writers who at that point had written 22 lacs for a little over 4 bucks. The PE story at 6000 read as 17 lacs reduced from yesterday's close.
Moral of the story : You do not write penny options.
Moral 2 : You do not write close to expiry.
The overall picture is still the same
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4 comments:
Moral of the story : You do not write penny options.
Moral 2 : You do not write close to expiry.
Keep it up sir ji.
Value areas for tomorrow
NF : 6079-6060-6054
BNF : 12260-12233-12195
Dear Viren,
Seems to be a error with your BN values, it should be VAH - 12304, POC - 12270, VAL - 12248.
Please check it out.
Thanks & Regards
Sanjay
Sanjay,
You are right.
Thank you.
NF : 6079-6060-6054
BN : 12304-12270-12248
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