What Does the Options Writers Playbook Reveal Ahead of the New Year?
As traders step into the new Samvat, the derivatives segment appears to be gearing up for a strong start. The Options Writers Playbook highlights a firm bullish undertone, supported by both weekly and monthly trends. Let’s decode the key cues shaping market sentiment this festive week.
Open Interest Snapshot
📊 A notable Open Interest (OI) build-up is visible at the 25,500 Put and 26,000 Call strike levels. This concentration signals a well-defined trading range and reflects the ongoing optimism among option writers.
Monthly Sentiment Outlook
✅ The monthly setup remains positive with no fresh trailing level matured yet. The last observed trailing level stood at 25,060, indicating that the market continues to hold above key thresholds.
Weekly Setup Remains Strong
💡 The weekly chart pattern continues to signal strength, with no signs of give-up among bulls. Any short-term pullback is expected to be treated as an entry opportunity by positional traders.
Comfortable Zone for Far OTM Writers
📈 From both the monthly and weekly perspectives, far Out-of-the-Money (OTM) put writing appears relatively comfortable. The absence of heavy volatility cues suggests confidence in a stable-to-positive bias for the near term.
On the global front, early indications hint at strong index openings, pointing toward a vibrant start to the new trading day on Thursday.
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Investor Takeaway
🎯 The overall derivatives landscape stays constructive with visible comfort in far OTM positions. While short-term corrections could occur, they should be seen as healthy opportunities to define new support zones. Traders may look forward to a strong start to Samvat 2082, supported by favorable sentiment and festive optimism.
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SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
