- note this analysis has nothing to do with market direction
- option writing support 10000 resistance 11000
- note previous supports were 11000, 10700 and 10500 (all puts)
- these level broke but open interest did not come down
- option writers did not book losses meaning positions were hedged
- now even today the open interest at 10500 PE, 10700 PE is the same or slightly more
- so writers are still short in those and also in futures. So more downsides?
- intraday OI changes were small
- any other interpretation is welcome
- option writing support 10000 resistance 11000
- note previous supports were 11000, 10700 and 10500 (all puts)
- these level broke but open interest did not come down
- option writers did not book losses meaning positions were hedged
- now even today the open interest at 10500 PE, 10700 PE is the same or slightly more
- so writers are still short in those and also in futures. So more downsides?
- intraday OI changes were small
- any other interpretation is welcome
No comments:
Post a Comment