Case study of Zee limited with equity and derivative data.What to look for in coming days to act on.
The best of the trades are never forced trades, they come to you & speak to you(for discretionary traders following own set of rules).
Rules help me decide entry, exit & long, short while gut helps me decide position sizing.I am yet to read on scaling up position in a scientifically/rule based manner.Till then working old style.
Now let’s come to the trade(as they say- cut to the chase).
We found something for our watchlist for the month of october 2020. Combination of Price action, Futures OI & Option action are there in result month.Hopefully it adds value to your work.
Telecom stocks have been in news a lot.
Supreme Court Case
Investments in Jio Platforms
Speculation in Future business model of IDEA
I am going to write on 3 actions in markets related to Bharti Airtel.
What’s important for a trader? Find strength/weakness in markets – as always. Days like these are really important to filter stocks. There are various methods to check strength in a stock. Today i’ll touch upon 1 more way – find stock options where the underlying was negative but the Call option closed in positive. Further you may create other combinations also.
I discovered icharts option tool via online searching and discussion.I found a lot of useful tools there that will help me in easing of doing my business- Options Trading.
Let me take you to that place one by one(things that i like). Hopefully you will be able to make good use of it.
We have just finished march series of derivatives expiry, and what a roller coaster time it was for markets as well as for humanity.Let me take you straight to derivatives data and try to understand what happened in the markets.One important point that stood out for me was stock futures have become very light in open interest in lot of names.We can attribute many reasons for that – low participation,fear of market shutdowns,Shorts covering their position.
Unusual Option series part 2 brings 2 more candidates.We have tried to analyze them.Few inputs on Rollovers also have been shared.Let’s see how it goes further.
Hindpetro is an illiquid counter to trade in options.Below are the images of january and december option Open Interest.It’s a very small qty though.Adding into my watch-list and watching price action closely.Will remove from watch-list in 2nd week of january. Price action only can guide from here on, till the wait and watch mode is on.
Update – after development in feb series option it will be interesting to watch how the price behaves.
Surgeons can’t treat a person without ICU. Virat can’t practice in a gully cricket for professional tournaments.Studios and theater are needed for artists to perform.Gopichand sir’s Academy was needed for Sanina Nehwal and P V Sindhu. It is for sure that every top level performer need certain type of environment to excel/practice to maintain and improve their form.
What about Trading?