Usually for the monthly expiry, the Friday sees some fresh buying and rally!! Let's see if that is holding today!
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Keeping the music on!!
Endlessly curious about markets and finance. Options never stop exciting me.
Not an expert or advisor. Trade and tread cautiously!!
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@marketmonk Will our IT stocks do well cos of this? 😂😂 Weird how our IT pack works
Kotak. Atleast let it break down on the downside. Range bound for sooooooo long!
Could capitalise the call spike!! Was expecting, but wasn't interested to trade :( That's ok!
22500 short straddle all the way!!! If you have been doing 22500 short straddles for the last few months, it is working wonders!!
@jaygilitwala It's down. But what will happen? If it's up they will say economy is strong, so rate cuts won't come soon.
If it is down, they will say economy is bad and anyways rate won't come down :D
@apostleofmarkets But I guess they rebounded in April. So the bubble is still intact!!
@yashvora23 Rate cuts to take longer. Much longer is any more bombs are dropped :D
@yashvora23 Interesting piece of info
What was this Spike? :D In seconds!!
@utkarsh104 Haha. Yeah, when is such easy money made? :D
There we go, Kotak almost in down circuit in Pre-Open
Puzzled why the GIFT is down. Effect on Kotak news?
22500 Short Straddle, still working wonders. Looking to carry this for May and run away from Markets after May :D
But a surprise bounce till 22500 can very well happen in the second half. Let's see. Sold 22500 Short Straddle at a combined premium of 700 for this month. Rewarded a bit. But this is only a small position. So will be the happiest if the expiry is at 22500 :D Will anyway roll ove...
Monthly expiries are always volatile, due to roll over of large positions by big players. I'm still figuring the dynamics after decoupling Bank Nifty from Monthly expiry.
Remember the massive sell-off after 22500 on March expiry?? That could have been due to the year end profit booking
@harrypill I just smell some dumb mistake somewhere :D But surprised why no one is talking about Premiums not falling.
@harrypill Yeah!! Which is why I'm very puzzled by this VIX drop. Looks like a calculation mistake 😂😂 That too dropped in the first minute of yesterday's trading!!