Volatility looms ahead of Oct F&O expiry

Tracking the options front, Nifty ATM 10200 call and put options strike saw unwinding of short positions by shedding open interest to the tune of ~2 lakh/ ~5 lakh shares, indicating of a volatile closing for the October F&O expiry

Oct 23, 2017 10:10 IST India Infoline News Service

In today’s trade, markets witnessed wild swings as the indices remained volatile throughout the day.

Both Nifty and Nifty Bank index futures closed 0.5%/0.8% higher with broader markets outperformed the benchmark index.

A marginal hint of long formation was seen in Nifty futures and while Nifty Bank futures saw unwinding of short positions.

Tracking the options front, Nifty ATM 10200 call and put options strike saw unwinding of short positions by shedding open interest to the tune of ~2 lakh/ ~5 lakh shares, indicating of a volatile closing for the October F&O expiry.

India Vix index closed at 12.3 mark, 0.6% higher from its previous close.
Nifty: +38points @ 10184
Bank Nifty +79 points @ 24088
Top 2 F&O Gainer:  RELIANCE COMM, IDEA
Top 2 F&O Loser: PC JEWELLER, BIOCON
Most Active Index Option Contract:
Call Option 10200CE, O.I: ↓ ~2 lakh shares
Put Option: 10100PE, O.I: ↑~11 lakh shares
Nifty Max O.I Strikes: 10200CE, 10000PE
Bank Nifty Max O.I Strikes: 25000CE, 24000PE (26th Oct 2017 Expiry).

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