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27/06/2022 - Post Market Discussion

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Opening MTM = 0

Closing MTM = +16k


  • Today markets opened with a considerable amount of Gap up. Initially we thought VIX would crash 4-5% for this gap up. But surprisingly, after opening the gap started to fill, markets started to fall, and within no time Vix was up by 2%.

  • At around 9.30AM, as usual we took our positions for this week. Initially we took 500lots of 33500-34600 strangle with hedges at 800pts away. The market was at 33k and was falling while we took positions.

  • After we took positions, the market continuously fell for the next 2 hours, with slight consolidation. at around 11.30AM, Banknifty was at 33800, though MTM for our positions was manageable but the PE OI data was not looking nice, there was absolutely no addition in puts.

  • To go with the OI data. At 12.00PM, we shifted the calls 200pts down to 34400. 

  • Then the whole day, Banknifty was sideways with slightly falling after 2. But good amount decay came in the second half of the day. Our MTM was shooting up after 3.

  • EOD, we brought the cover closer 300pts each to reduce the overnight risk. However, there is literally no addition in puts, let's see tomorrow.

BANK NIFTY JUN FUT 5 MIN CHART




BANK NIFTY 5 MIN CHART







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