The Four Simple Steps for Index Options Trading||
Key Take-aways from this video:
• Knowledge about positional options trading
• How to approach it, using the knowledge of derivative data.
• Understanding important datasets, Quantsapp Built up script symbol
Positional Options trading can be a little tricky and requires skill, data analysis and easy
access to computational power. It can be done with a lot of ease if right ideas are put to
work.
Major option analytics tool used today is of Built up script symbol. This helps to understand the overall sentiment of the market based on built up of each sector and stocks. Key takeaways are:
Longs = Price Up + OI Up (L) … Projecting Bullish Bias
Long Unwinding = Price Down + OI Down (LU) ...... Neutral to Bullish Bias
Shorts = Price Down + OI Up (S) ....... Projecting Bearish Bias
Short Covering = Price Up + OI Down (SC) …Projecting Neutral to Bullish Bais
5+ years of market experience, mentored several people in options trading. Sound understanding of the concept of demand and supply zones using option strategies.
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