As per my last post, option writers did not expect 10000 to break this month.
For quite some time, NF did manage to stay above 10000 and broke this level only yesterday.
Did they incur any loss? I guess so. But they were writing these puts for quite some time and the level broke only on 8th of this month... meaning time decay would have worked in favour of the writer and helped minimise losses. Overall loss would be under 10 Rs. per option.
As per today's data, option writers are writing 10100 calls. So let's see how things pan out.
I am expecting a trading range between 10100 and 9700.
For quite some time, NF did manage to stay above 10000 and broke this level only yesterday.
Did they incur any loss? I guess so. But they were writing these puts for quite some time and the level broke only on 8th of this month... meaning time decay would have worked in favour of the writer and helped minimise losses. Overall loss would be under 10 Rs. per option.
As per today's data, option writers are writing 10100 calls. So let's see how things pan out.
I am expecting a trading range between 10100 and 9700.
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