Monday, June 30, 2014
Friday, June 27, 2014
Thursday, June 26, 2014
NIFTY broke 7500 levels yesterday in late expiry trade and closed for the series at 7493 levels, closer to the mentioned levels of 7487. The 7550 put trade came out successful, though it did not reach the target level of 61 as mentioned.
Last month saw again heavy IV swing. At the beginning of the month, IV skew was around 11 for calls and 19 for puts, which resulted in a good rally and towards the end the IV skew became less for puts and a day before expiry put IV skew was around 9 at 7600 levels. There were not much takers for puts on the last day of the series as majority of the days, the late bounce seen was eroding the values in puts much in which we were also stopped out on an earlier trade.