January 2, 2018

Option writing levels JAN 2018

Last month, I indicated 10000 will not break in DEC and it never broke.

This month, option writers are bullish 10300 will not break this series.

This level is very close so it means one can trade long on panic declines.

Option writers are also expecting a new high.

Let's see... as always, take this analysis with a  bucket of salt and trade with stoplosses.

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