Ready to track #FinNifty closely from today! skew well on the downside. will try the ratio if got an opportunity.
Most active strike 16400; and buyer dominating till now. Range 16200-16400; straddle premium is not enough to cover it. so till now, only small long gamma scalp trade has been initiated.
Tagging now upside strike; expecting little profit booking here. if this level breach and hold then the seller will get nothing today in neutral.
from low 5.20 it's 10x; who the hell seller still holding it. The price is even more than doubles its avg. price.
FinNifty is a golden opportunity to scalp many times in a day. Difficult to trade as a seller bcoz many times stop hitting and hitting with slippage. Will wait for some more good strike availability in between or a good enough premium.
Some more addon; definitely volume picking up week by week. But most OI remain to three strikes only, fav strike definitely one strike otm (strangle). Straddle not good spot to start; wat I observed after 1pm, mass ppl shifting to near strikes only.
Loading suggestions...