Trap Indicator + Built Up
Trap Indicator is a proprietary algorithm of Quantsapp which searches for securities or indices where the call writers or put writers are getting trapped, with prices of securities turning bullish or bearish respectively, hence hurting the writers. These writers would go ahead and unwind their positions which could result in a further momentum-laden move in that respective security/index.
The Built-Up tool from Quantsapp offers insights into Indian stock market based on open interest and price movements, 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 Bias
Building an understanding of the basic principles of option trading is important, even if your goal is positional trading or to find opportunities in the market. The tools and option analytics developed by Quantsapp, are used in this video. Quantsapp is India’s premier Options analytics platform with free and paid analytics. At Quantsapp, it has been always the initiative of the team to bring to investors and traders, tools, and analytics in a simplified manner, which help them enhance their trading approaches and hence assist in their options trading journey in Indian stock markets.
PGDM in finance, having 5+ experience in Equity, commodities , forex analysis and trading.
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