MTECHTIPS:-Options Analysis:
On the Options front, maximum fresh Put writing is seen at 5100 strike whereas fresh call writing is at 5600 strike price. Open interest of Nifty call options of 5600 strike rose to 51 lakh units on Thursday, up 15% from Monday, indicating heavy call writing at higher levels.Rising interest even in other out-of-the-money options like 5600 calls and 4800 puts indicates a strangle strategy. The Put Call Ratio based on Open Interest of Nifty moved down from 1.12 to 1.10 levels. HV of Nifty fell down from 20.40 to 19.87 but IV slightly inched up from 17.52 to 17.56 levels.
On the Options front, maximum fresh Put writing is seen at 5100 strike whereas fresh call writing is at 5600 strike price. Open interest of Nifty call options of 5600 strike rose to 51 lakh units on Thursday, up 15% from Monday, indicating heavy call writing at higher levels.Rising interest even in other out-of-the-money options like 5600 calls and 4800 puts indicates a strangle strategy. The Put Call Ratio based on Open Interest of Nifty moved down from 1.12 to 1.10 levels. HV of Nifty fell down from 20.40 to 19.87 but IV slightly inched up from 17.52 to 17.56 levels.
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