03/08/2021
Microsoft Excel is quite enough for your Option Charting!
My friends ask me how do I trade .
There are the , but unless you are a vol trader who wants to keep the book, delta neutral and keep adjusting sizing and strikes , every x delta move , you can use Excel quite usefully without paying for software for your option charting .
Get the data from the NSE website. Download to excel and make the combo charts. Every EOD.
Watch the open interest on the 15800 CE 26 Aug 2021 on the close of 30th July 2021. Between 28th July and 30th July the OI had doubled and surpassed the OI on the 16000 CE for 26 Aug 2021. The price for the 16000 CE for Aug end was quite stable. Today was another story.
The cue to the move was there on the close of 30th July 2021.
Now if u were short 16000 CEs for Aug end nd did not want to cut just based on the buildup of the 15800 Aug end OI , what could you have done to reduce risk?
One of the solutions is quite simple !
26/07/2021
02/06/2021
29/05/2021