Options Commentary

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[Options Commentary @stock_right]

#Sensex: PCR has gone above 1 for near & overall strikes. GEX below the spot is higher than above it. Short only if u notice good call buying otherwise pull from put sellers will be supported. Avoid longs because of the same pull. Just wait and watch calls. #options #trading

[Options Commentary @stock_right]

#Nifty: Nifty is due for reversal, but that reversal cannot come until we see put buyer rising. That situation can arise near 23800. But revisit positioning there. Currently, maximum pressure on the market is from call sellers. Track Volume PCR closely. #options #trading

[Options Commentary @stock_right]

#Sensex: The highest GEX strike is 77500. Lot of put exposure is on lower strikes. 77500 is dominated by puts. If there were enough call buyers, I would have suggested buying puts. But play this weak support with bear call spreads when index is b/w 77600-650. #options #trading

[Options Commentary @stock_right]

Things to track on today's expiry:
1.Highest GEX strike.
2.The side significantly dominating on that strike.
3.Near-strike PCR movement with the market.
4.Volume & OI PCR.
5.SKEW shape.
6.Volume OI ratios (VOR).
I know these are a lot of things to track, but we have to. #nifty

[Options Commentary @stock_right]

#Nifty: The current GEX at 24100 & below is higher than GEX above this strike. But as nifty goes below this, the GEX above will become higher. So,24100 is acting as a magnet. Expect low volatility. But somehow if we get 24200, that will be a good shorting opportunity. #options

[Options Commentary @stock_right]

#Nifty : Put selling below is not letting nifty rise much and put selling on ITM strikes is not letting it fall. Keep a track of Put VOR as that will give direct indication of nifty's movement today. The current positioning is putting it into narrow range. #options #trading

[Options Commentary @stock_right]

#Nifty: There is low GEX below 23900. We saw decent put buying as well after the gap down. Based on flow of the options & current positioning, IVs will drop near 23900 and it should force a short covering. Since GEX is small, so play this with bull put spread near 23900. #options

[Options Commentary @stock_right]

#Sensex: Put distribution is on multiple strikes on the downside. So, breaking 77000 is difficult as per current positioning. Although call buyers are attempting an up move, but this exposure should also not let Sensex rise much. Track absolute GEX plot closely. #options #nifty

[Options Commentary @stock_right]

#Nifty: Both nifty & sensex's exposures are low. But looking at the option's activity, sensex is getting overbought. Since expiry is tomorrow for sensex, if u r long, try to book b/w 77150-77200. You can create bear call spreads there. #options #trading

[Options Commentary @stock_right]

#Nifty: Looking at the current positioning, 23800 & 850 together has significant GEX. Probability of nifty breaking 23900 is higher than 24k. But it does not mean a significant fall as 23800-900 is a strong support area. Design ur trades accordingly & track top GEX plot. #options

[Options Commentary @stock_right]

#Nifty: The SF are trading at discount to spot continuously. There is no significant fall in the market despite that. Traders are creating hedges as they are not confident on this rise. Don't create longs until this changes. Data is telling wait & watch than trade. #options

[Options Commentary @stock_right]

Good morning. Due to unavoidable circumstances, website data may experience disruptions. Normal updations are expected to resume at 12:30 PM. I sincerely regret the inconvenience.

[Options Commentary @stock_right]

#Sensex: The index is holding well but between 74600-650 zone we can see a profit booking. If you are long trail your SLs. #options #trading

[Options Commentary @stock_right]

#Nifty: With the drop in nifty the PCR should have increased but it reduced. It means there are call sellers are addind ppsitions to even lower strikes. But we will enter into low GEX zone below 23100. As per current positioning 23100 is a very strong support. #options #trading

[Options Commentary @stock_right]

#Nifty: IVs are high therefore despite high OI, the exposures are small. Call IVs are higher than the put IVs. Track the skew. Any mean reversion will trigger short covering, but increase will trigger further fall. So, track the changes in IVs. IVs not VIX. #options #trading

[Options Commentary @stock_right]

#Nifty: Near strike PCR<1 but moving towards 1. Increased call activity. Low exposures for creating hinderance. Market moved up. Spot to synthetic difference is stable. All in bulls' favour. But put sellers are unknowingly decelerating the move. #options #trading

[Options Commentary @stock_right]

#Nifty: The raw exposures are very low in Nifty (fresh expiry) & sensex. Their impact on index movements will be less. So, use them as sentimental metrics until they build significantly. Use other tools on the website for confirmation. Track skew shape changes. #options #trading

[Options Commentary @stock_right]

If you had followed the changes in exposure throughout the day, you would have noticed that the Nifty has given the textbook move in the context of GEX. #nifty #options #trading

[Options Commentary @stock_right]

#Nifty: When nifty is at 23300 SF, the exposure at 23350 & 23400 is almost the same as 23250 & 23200. Don't expect nifty to move much away from 23300. Keep tracking these changes on https://t.co/zFnEaWvVfi so that you can design your trades accordingly.

[Options Commentary @stock_right]

#Nifty: There is lot of trading happening near spot obviously because of expiry. 24000 has huge put sellers' exposure as of now. Also put sellers' exposure is higher than call sellers'. It makes 24k as weak support. Track those changes. #options #trading