After a Strong uptrend Nifty is not even ready to test it's first support area.
It is treading in a range. I consider this a a price wise correction.
Also it's difficult to trade in the range market but as an option seller and buyer I have observed that there is a no theta decay there is a delta decay happing in options strike.
Below are some chart for the reference that why I am saying delta decay.
It is treading in a range. I consider this a a price wise correction.
Also it's difficult to trade in the range market but as an option seller and buyer I have observed that there is a no theta decay there is a delta decay happing in options strike.
Below are some chart for the reference that why I am saying delta decay.
Note
This why I called current game as Delta Decay. Yesterday 18700 ITM Put shorted @ 60 CMP @ 35.It's not about profit but think from other side.
Short traders are currently managing their trades at this point ... and who ever want to go fresh Long they wont handsome premium even in 18700 strike.
Note
Booked Profit and Took Short Side Trade...I always plan for reversal trade.
Most of the BO and BD is getting failed in this market ...
That's it for this post...Thank x
Note
BNF 43900 CE is looking gud @ 125 with risk of only 6 points for 145 and 195Note
Note
Covered Short Position and as I mentioned in pervious chart. I made a long position.This is my final trade for this exp. In any case this trade will go wrong then I will wait and avoid to trade in current exp due to low premium.
If this trade will go right then I earned total 150 points. if this trade will go wrong then with SL I earned 105 points.
Note
Booked Short Position in 18700 Current Week Position because exp is tomorrow instead of day after tomorrow. And Made a short position in 6th Jul exp 18700 PE
Note
Bingo Above position is going in favour...I will exit from this position if I will any trend reversal in 18800 CE in 6th Jul exp
or
I will short 18800 6th Jul Exp PE if Nifty spot will make a strong bullish candle above 18800 in 75 Min timeframe
Note
Profit booked in 18700 6th jul ExpShort 18800 6th Jul Exp PE
Note
According to my system this was a final change...Now If there is any trend reversal in 18800 CE 5th Jul Exp then only I will change my position...otherwise...I wont change the strike.
Why 18800 and 18700 strike and Why not 18900 or 19000 because of my supply demand setup.
Note
18800 6th Jul PE shorted @ 95 currently trading near 60...Now I am not interested to change my position till next exp. because I dont think so I will be in loss in this position...
There is a strong base @ 18790-18850.
Note
BNF 44400 CE may be trending ... CMP @ 80...Risk is only 15 Points....Note
Note
18800 pe Shorted @ 95 Booked @ 20.Now Short Position in 19100 pe @ 100
Note
I was suppose to find short opportunity from 19100-19200 but it is so strong that I will find the same in the next week near 19400-19600Note
That's it for this post...I may update further views in the latest Nifty's post if i will get the time.
Thank x :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.