Filter stocks with MyFnO – Strength/Weakness

31st August 2020 – today we saw selling across the board. Nothing was spared. The new rule by Sebi spooked the selling.

What’s important now 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.

Steps-

1.Go to Myfno Options/option page.

2.Create filters – Delta >0 ; Spot <0 ; option price >0.

3. the higher the number of strikes the better your output.

 

Caution-

1.See for any pending /upcoming published announcements(SC cases, results – rise in volatility may cause this scenario to develop)

2.It’s just another filter for your watchlist – see the underlying price action the following session to arrive at conclusion(sometimes the options gets sold in the first half of next day).

 

Thanks

 

Happy Trading