F&O | How to trade Finnifty options on today’s expiry day
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FINNIFTY Futures on the Weekly Basis have observed a price increment to the tune of 1.51% while there has been an increment in Open Interest to the tune of 29.13% indication of Long Build Up (As per Axis Securities)
The bar graph reflects the change in OI (Open Interest) during the day. Red bars represent call option OI, while green bars represent put option OI.
-The high Open Interest concentration on the Call side is observed at the 19,600 strike, followed by 19,700 and 19,900, which may act as an immediate resistance.
-The high Open Interest concentration on the Put side is seen at the 19,300 strike, followed by 19,400 and 19,500, which may act as immediate support.
-There is a strong fight between the bulls and bears at the 19,600 zone, as both call and put OI are almost at an equivalent level.
“Total premium of A-T-M option is at Rs 265 and probable trading range indicated for week could be 19,200 to 19,800,” Axis Securities said.
Derivative Strategy Recommended by Axis Securities
FINNIFTY Strategy: Call Spread Strategy
View: Moderately Bullish
“Traders could initiate this spread strategy to make modest returns with limited risk and reward. The spread suggested consists of buying one lot of 19,600 strike Call option and simultaneously selling one lot of 19,800 strike Call Option,” Axis Securities said.
Strategy for Week November 13 Expiry
A call spread is an options strategy that involves buying and selling call options simultaneously on the same underlying asset but with different strike prices or expiration dates. This strategy allows an investor to capitalize on both bullish price movements and limited downside risk.
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