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Open in appBreakouts Through Support and Resistance with Trap Indicator
High open interest strikes often act as support and resistance because option writers defend them. When the price breaks through a heavy call strike, call writers may be trapped and start unwinding or rolling, which can speed up the move; the reverse happens for put writers.
This lesson explains that mechanism and shows Quantsapp's Trap Indicator, which scans stocks and indices for call writer traps (a bullish trade) and put writer traps (a bearish trade).
What you’ll learn
✓High OI strikes as support and resistance
✓How breakouts trap option writers
✓Call writer trap as a bullish trade
✓Put writer trap as a bearish trade
Read and practise
SPEAKERAnkit Rawattrainer , Quantsapp
Seasoned derivatives expert with over 6 years of experience across equities, derivatives, and commodities markets. With a proven track record of successful trading and deep market insights.
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