It's a calm expiry that ends on a high.
It was an interesting week apart from the gap up and gap down. With a calm expiry, I could squeeze the premium from 15550 PE and 17550 CE. The position itself gives me 0.8%. A nifty cross of 200MA Nifty will have to move from here if nothing bad happens. Vix also gave a cool down that will help the option seller, even after such a huge gap up opening today. The volatile movement I am expecting a retest from those support ranges because the gap up helped to get nifty above 200MA. Let's keep an eye on these because the uncertainty is still there. Any news can influence the market. I keep an eye on NIFTY above 17500 and below 16850. We need to respect those levels.
As I am coming to my expiry, I keep rolling my PE and CE (17400CE) and PE 16250 and 16350, and I keep booking the profit. At one point in time, the CE side gave bit of worry and i used to sell CE heavy 17400 and come out with high profit nearly 3%.
As I am coming to my expiry, I keep rolling my PE and CE (17400CE) and PE 16250 and 16350, and I keep booking the profit. At one point in time, the CE side gave bit of worry and i used to sell CE heavy 17400 and come out with high profit nearly 3%.
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