FINNIFTY FUT Expiry

16 ก.ค.

Hi just sharing a view of Finnifty Futures, as we got expiry today and tomorrow is a holiday so both Banknifty & Finnifty has weekly expiry today. As per Option chain open interest its showing huge writing at 23700 to 23750 on Calls for now, needed to check later when a level is taken off either side. Support resistance trendlines marked, Channel marked, this is Just a View Not a Reco...

Please do check Gamma of an Option before you initiate a trade, as Gamma blast can happen today but not sure.
Please consult your financial advisor before you initiate a trade. Please don't make a trade on my views as these are my personal views and sharing for education purpose only.

16 ก.ค.

บันทึกช่วยจำ

Education:
Gamma Blast : where a Strong no of writers stand at a particular strike, the time value of particular strike reaching zero and having a High gamma value and sudden spike in price with volume activated by buyers taking over control on sellers leads the Option writers to squareoff their positions quickly leading to short covering, where we see a huge spikes in Price of Spot and ATM Option strike gives multifold return based on how big the short covering happens.

This may not work all the time.