Bank Nifty Options 17 March 2020

2020年3月16日

As discussed yesterday , high volatility in markets have increased options premiums to very high levels. It is not possible for buyers to make money in such environment with taking some serious risk 2 days ahead of expiry.
Market hit a high of 24000 near morning and I had made a note that 24000+ is distant level for now and 23677 was our shorting point where market tanked big time below 23100. Overall scalp buyers made money , future sellers made tons of money.

Decision range
23249-23549
Resistance for the day
23777
Support for the day
22710

Expectation
Initial weakness to be bought , sharp move in mid day
My trade
I'll try to short puts near support

Real time updates
I'll post trades on expiry day , as option sellers are able to contact me directly , rest for buyers market is very risky as premiums are ranging from 500-1500 rs and they have to take unwanted risk to make money on buy side. Option sellers / futures traders are free to contact me for live trades