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Long Unwinding

Position LONG UNWINDING-INDEX OPTION

Options

Futures

Calls

Puts

Symbol
Strike Price
Prev OI
Curr. OI (%Chg)
LTP (%Chg)

29,500.00

12,935

12,805

(-1.01%)

0.05

(-90%)

25,250.00

12,525

12,300

(-1.8%)

688.3

(-2.67%)

25,700.00

4,64,625

4,51,125

(-2.91%)

238.5

(-7.93%)

27,650.00

2,20,275

2,12,325

(-3.61%)

0.05

(-90.91%)

67,500.00

1,65,865

1,59,390

(-3.9%)

0.05

(-96.77%)

14,125.00

42,560

40,600

(-4.61%)

0.05

(-95.45%)

28,200.00

40,560

38,610

(-4.81%)

0.1

(-94.29%)

59,400.00

7,06,510

6,71,790

(-4.91%)

0.1

(-99.5%)

24,000.00

6,90,575

6,43,400

(-6.83%)

1,942.05

(-0.84%)

59,800.00

5,42,150

5,04,455

(-6.95%)

0.1

(-98.73%)

27,500.00

2,03,190

1,88,240

(-7.36%)

0.05

(-99.74%)

66,500.00

83,335

77,070

(-7.52%)

0.5

(-69.7%)

28,050.00

7,865

7,150

(-9.09%)

0.05

(-97.67%)

13,225.00

1,400

1,260

(-10%)

410.8

(-16.62%)

60,400.00

1,94,985

1,75,385

(-10.05%)

0.1

(-98.06%)

24,650.00

1,425

1,275

(-10.53%)

1,286.9

(-1.39%)

52,500.00

315

280

(-11.11%)

6,395

(-1.46%)

13,250.00

1,260

1,120

(-11.11%)

373.65

(-14.16%)

26,000.00

2,10,81,400

1,84,73,100

(-12.37%)

0.05

(-99.84%)

28,950.00

2,600

2,275

(-12.5%)

0.05

(-93.33%)

65,500.00

14,735

12,845

(-12.83%)

0.05

(-97.14%)

60,600.00

1,36,570

1,17,880

(-13.69%)

0.1

(-97.89%)

28,550.00

1,885

1,625

(-13.79%)

0.35

(-66.67%)

24,900.00

21,150

18,075

(-14.54%)

1,041.5

(-1.66%)

24,950.00

975

825

(-15.38%)

989

(-2.79%)

60,300.00

2,20,815

1,85,430

(-16.02%)

0.1

(-98.17%)

30,000.00

4,89,075

4,10,425

(-16.08%)

0.05

(-90%)

19,500.00

925

775

(-16.22%)

6,435

(-0.23%)

64,000.00

4,51,395

3,78,175

(-16.22%)

0.05

(-97.67%)

15,300.00

13,440

11,200

(-16.67%)

0.05

(-90%)

59,700.00

5,01,235

4,16,605

(-16.88%)

0.05

(-99.44%)

25,100.00

28,050

23,100

(-17.65%)

838

(-2.47%)

62,700.00

15,260

12,530

(-17.89%)

0.1

(-96.36%)

66,000.00

69,055

56,525

(-18.14%)

0.05

(-96.97%)

25,500.00

3,55,650

2,91,000

(-18.18%)

438.05

(-3.52%)

18,000.00

12,550

10,225

(-18.53%)

7,943

(-0.11%)

25,400.00

91,875

74,175

(-19.27%)

540.45

(-3.06%)

64,200.00

4,480

3,535

(-21.09%)

0.15

(-93.02%)

13,700.00

10,76,880

8,44,900

(-21.54%)

0.05

(-99.79%)

13,725.00

3,28,160

2,53,400

(-22.78%)

0.05

(-99.71%)

24,800.00

20,100

15,450

(-23.13%)

1,137.4

(-2.07%)

63,800.00

13,965

10,710

(-23.31%)

0.05

(-97.87%)

28,400.00

14,040

10,660

(-24.07%)

0.15

(-88.89%)

25,000.00

8,72,500

6,59,500

(-24.41%)

939.7

(-1.86%)

25,550.00

65,775

49,650

(-24.52%)

388.45

(-4.78%)

14,200.00

7,00,840

5,27,380

(-24.75%)

0.05

(-94.44%)

13,425.00

1,120

840

(-25%)

175.95

(-22.28%)

63,400.00

8,715

6,510

(-25.3%)

0.05

(-97.96%)

63,900.00

7,490

5,530

(-26.17%)

0.05

(-97.87%)

65,000.00

2,95,995

2,16,790

(-26.76%)

0.05

(-97.44%)

25,800.00

18,55,575

13,53,000

(-27.08%)

138.65

(-15.43%)

62,600.00

26,145

18,970

(-27.44%)

0.15

(-94.44%)

62,100.00

31,885

22,785

(-28.54%)

0.45

(-85.25%)

14,750.00

2,940

2,100

(-28.57%)

0.2

(-42.86%)

64,100.00

6,125

4,375

(-28.57%)

0.1

(-95.83%)

27,500.00

48,38,700

34,35,225

(-29.01%)

0.05

(-93.33%)

63,700.00

14,910

10,395

(-30.28%)

0.2

(-90.48%)

60,700.00

1,14,450

79,135

(-30.86%)

0.1

(-97.67%)

60,000.00

18,39,880

12,72,005

(-30.86%)

0.1

(-98.52%)

26,450.00

44,46,750

30,47,925

(-31.46%)

0.05

(-97.44%)

28,000.00

29,60,125

20,27,200

(-31.52%)

0.05

(-92.86%)

24,500.00

1,12,200

76,200

(-32.09%)

1,441.85

(-0.98%)

14,800.00

3,14,300

2,13,220

(-32.16%)

0.1

(-75%)

60,200.00

2,99,950

2,01,985

(-32.66%)

0.15

(-97.32%)

62,800.00

14,315

9,590

(-33.01%)

0.15

(-94.55%)

26,650.00

21,84,825

14,37,225

(-34.22%)

0.05

(-96.43%)

60,500.00

10,16,575

6,61,535

(-34.93%)

0.1

(-97.98%)

63,600.00

16,870

10,955

(-35.06%)

0.3

(-86.67%)

61,000.00

10,22,245

6,59,190

(-35.52%)

0.1

(-97.44%)

26,400.00

81,40,725

52,37,700

(-35.66%)

0.05

(-97.67%)

27,550.00

80,925

52,000

(-35.74%)

0.2

(-98.26%)

62,300.00

56,980

36,540

(-35.87%)

0.15

(-95.31%)

26,050.00

1,11,25,350

71,16,300

(-36.04%)

0.05

(-99.74%)

27,800.00

6,78,600

4,31,625

(-36.39%)

0.05

(-91.67%)

26,600.00

58,29,375

36,98,325

(-36.56%)

0.05

(-96.55%)

63,300.00

11,235

7,035

(-37.38%)

0.25

(-90.74%)

60,100.00

3,05,830

1,87,845

(-38.58%)

0.1

(-98.37%)

59,600.00

5,62,695

3,38,975

(-39.76%)

0.05

(-99.55%)

63,500.00

1,30,655

78,225

(-40.13%)

0.05

(-97.87%)

59,500.00

19,51,635

11,66,865

(-40.21%)

0.1

(-99.33%)

62,900.00

15,890

9,030

(-43.17%)

0.3

(-88.89%)

62,500.00

4,93,535

2,79,720

(-43.32%)

0.05

(-98.21%)

14,650.00

22,400

12,600

(-43.75%)

0.05

(-87.5%)

15,500.00

1,33,560

74,900

(-43.92%)

0.1

(-77.78%)

26,150.00

1,17,99,450

64,87,125

(-45.02%)

0.05

(-99.31%)

28,000.00

81,445

44,330

(-45.57%)

0.05

(-97.62%)

14,525.00

14,420

7,840

(-45.63%)

0.15

(-78.57%)

20,000.00

62,375

33,375

(-46.49%)

5,945

(-0.27%)

64,500.00

77,665

40,950

(-47.27%)

0.1

(-94.29%)

63,200.00

10,360

5,460

(-47.3%)

0.1

(-96.3%)

28,500.00

56,745

28,015

(-50.63%)

0.05

(-96%)

26,500.00

1,47,21,450

71,42,700

(-51.48%)

0.05

(-97.37%)

26,100.00

2,14,75,275

1,03,89,450

(-51.62%)

0.05

(-99.57%)

14,450.00

77,840

34,860

(-55.22%)

0.05

(-90.91%)

27,800.00

68,250

29,835

(-56.29%)

0.05

(-98%)

14,775.00

8,260

3,360

(-59.32%)

0.05

(-90%)

27,900.00

45,825

18,135

(-60.43%)

0.05

(-97.78%)

21,000.00

1,28,525

50,075

(-61.04%)

4,948.9

(-0.18%)

27,700.00

1,83,690

71,370

(-61.15%)

0.05

(-98.57%)

13,975.00

2,70,900

1,03,460

(-61.81%)

0.05

(-97.22%)

Position LONG UNWINDING-STOCKS OPTION

Options

Futures

Calls

Puts

Symbol
Strike Price
Prev OI
Curr. OI (%Chg)
LTP (%Chg)

390.00

9,97,100

9,95,800

(-0.13%)

0.05

(-50%)

790.00

3,11,000

3,10,000

(-0.32%)

0.05

(-50%)

2,120.00

93,925

93,600

(-0.35%)

0.05

(-85.71%)

3,880.00

2,03,000

2,01,775

(-0.6%)

93.2

(-4.75%)

1,020.00

1,25,550

1,24,775

(-0.62%)

0.05

(-50%)

2,481.90

44,805

44,496

(-0.69%)

0.05

(-80%)

2,040.00

55,600

55,200

(-0.72%)

110

(-14.73%)

1,260.00

2,55,825

2,53,800

(-0.79%)

0.05

(-66.67%)

362.50

2,42,925

2,40,950

(-0.81%)

7.75

(-17.11%)

113.00

5,22,750

5,18,500

(-0.81%)

10.45

(-41.59%)

295.00

3,09,000

3,06,000

(-0.97%)

0.01

(-50%)

3,900.00

30,000

29,700

(-1%)

300

(-7.76%)

350.00

7,06,800

6,99,675

(-1.01%)

40.85

(-7.16%)

445.00

5,83,075

5,76,850

(-1.07%)

0.05

(-50%)

392.50

1,13,400

1,12,050

(-1.19%)

3.65

(-47.86%)

1,260.00

44,100

43,575

(-1.19%)

0.05

(-50%)

960.00

62,250

61,500

(-1.2%)

26.5

(-15.74%)

2,920.00

72,900

72,000

(-1.23%)

0.1

(-66.67%)

525.00

85,050

84,000

(-1.23%)

0.05

(-50%)

1,500.00

2,27,400

2,24,400

(-1.32%)

110

(-0.9%)

117.00

6,33,250

6,24,750

(-1.34%)

7.1

(-24.63%)

1,460.00

89,400

88,200

(-1.34%)

150

(-3.88%)

360.00

1,07,300

1,05,850

(-1.35%)

12.5

(-23.55%)

240.00

1,31,400

1,29,600

(-1.37%)

11.25

(-27.65%)

535.00

75,600

74,550

(-1.39%)

0.05

(-50%)

450.00

4,40,750

4,34,600

(-1.4%)

33.2

(-0.6%)

3,000.00

8,750

8,625

(-1.43%)

39.2

(-30.86%)

1,580.00

46,550

45,850

(-1.5%)

48

(-18.64%)

111.00

2,80,500

2,76,250

(-1.52%)

12.69

(-16.95%)

3,400.00

25,400

25,000

(-1.57%)

0.05

(-80%)

610.00

1,13,400

1,11,600

(-1.59%)

0.05

(-66.67%)

1,280.00

18,92,500

18,61,875

(-1.62%)

0.05

(-50%)

2,040.00

5,18,700

5,09,925

(-1.69%)

0.05

(-92.86%)

3,780.00

19,250

18,900

(-1.82%)

192

(-3.95%)

1,760.00

51,300

50,350

(-1.85%)

0.1

(-60%)

3,060.00

39,750

39,000

(-1.89%)

0.05

(-83.33%)

6,100.00

19,500

19,125

(-1.92%)

0.1

(-83.33%)

39,500.00

8,675

8,500

(-2.02%)

0.5

(-92.75%)

1,560.00

72,500

71,000

(-2.07%)

0.05

(-80%)

6,400.00

14,100

13,800

(-2.13%)

0.1

(-33.33%)

1,420.00

60,775

59,475

(-2.14%)

34.75

(-34.25%)

9,400.00

23,250

22,750

(-2.15%)

1,475

(-2.05%)

1,440.00

55,800

54,600

(-2.15%)

170

(-3.95%)

440.00

55,125

53,900

(-2.22%)

190

(-8.21%)

320.00

2,28,225

2,23,125

(-2.23%)

31

(-11.43%)

1,520.00

2,35,200

2,29,800

(-2.3%)

89

(-2.25%)

1,300.00

2,50,500

2,44,500

(-2.4%)

0.05

(-50%)

370.00

2,78,100

2,71,350

(-2.43%)

28

(-7.89%)

850.00

92,250

90,000

(-2.44%)

0.05

(-50%)

2,598.20

25,029

24,411

(-2.47%)

0.05

(-66.67%)

980.00

96,800

94,400

(-2.48%)

0.05

(-50%)

275.00

2,40,000

2,34,000

(-2.5%)

35

(-4.76%)

1,530.00

32,000

31,200

(-2.5%)

0.05

(-92.86%)

114.00

7,73,500

7,54,000

(-2.52%)

8.2

(-10.48%)

1,580.00

1,17,500

1,14,500

(-2.55%)

0.05

(-66.67%)

690.00

1,45,225

1,41,525

(-2.55%)

0.05

(-66.67%)

1,380.00

2,27,700

2,21,650

(-2.66%)

0.05

(-83.33%)

2,140.00

73,125

71,175

(-2.67%)

0.05

(-80%)

1,300.00

10,63,150

10,34,550

(-2.69%)

0.05

(-88.89%)

1,980.00

12,025

11,700

(-2.7%)

0.1

(-33.33%)

450.00

1,46,000

1,42,000

(-2.74%)

18.5

(-8.19%)

440.00

5,11,000

4,97,000

(-2.74%)

0.05

(-50%)

2,350.00

31,850

30,975

(-2.75%)

116.5

(-36.63%)

2,750.00

19,250

18,700

(-2.86%)

33.45

(-50.7%)

1,600.00

74,38,800

72,21,200

(-2.93%)

24.35

(-44.09%)

860.00

2,52,750

2,45,250

(-2.97%)

0.05

(-75%)

3,750.00

25,050

24,300

(-2.99%)

20

(-57.17%)

392.25

1,26,900

1,22,850

(-3.19%)

5

(-43.82%)

5,200.00

36,900

35,700

(-3.25%)

0.05

(-66.67%)

1,140.00

1,23,525

1,19,475

(-3.28%)

0.05

(-50%)

285.00

3,57,200

3,45,450

(-3.29%)

6.95

(-22.78%)

9,700.00

11,375

11,000

(-3.3%)

1,197.95

(-6.91%)

2,240.00

19,500

18,850

(-3.33%)

0.05

(-66.67%)

1,120.00

91,875

88,750

(-3.4%)

0.05

(-87.5%)

1,280.00

1,01,500

98,000

(-3.45%)

0.05

(-75%)

11,000.00

4,350

4,200

(-3.45%)

671.3

(-13.6%)

11,400.00

5,800

5,600

(-3.45%)

325

(-13.77%)

9,800.00

36,825

35,550

(-3.46%)

0.05

(-94.44%)

2,700.00

86,250

83,250

(-3.48%)

142.2

(-0.35%)

265.00

1,54,800

1,49,400

(-3.49%)

14.85

(-1%)

570.00

1,42,500

1,37,500

(-3.51%)

0.05

(-50%)

8,400.00

7,125

6,875

(-3.51%)

0.05

(-80%)

7,800.00

74,200

71,575

(-3.54%)

0.05

(-66.67%)

129.00

31,36,000

30,24,000

(-3.57%)

0.01

(-50%)

2,300.00

24,325

23,450

(-3.6%)

127.1

(-47.61%)

280.00

5,73,400

5,52,250

(-3.69%)

12

(-10.45%)

150.00

3,94,875

3,80,250

(-3.7%)

11.4

(-3.55%)

6,600.00

21,000

20,200

(-3.81%)

0.05

(-50%)

4,900.00

41,800

40,200

(-3.83%)

0.05

(-80%)

1,720.00

18,200

17,500

(-3.85%)

165

(-3.54%)

2,320.00

2,69,600

2,59,200

(-3.86%)

0.05

(-50%)

43,000.00

1,935

1,860

(-3.88%)

0.05

(-98.28%)

5,200.00

35,600

34,200

(-3.93%)

0.05

(-85.71%)

180.00

33,73,200

32,40,000

(-3.95%)

0.01

(-50%)

1,560.00

76,000

73,000

(-3.95%)

0.05

(-66.67%)

3,800.00

22,800

21,900

(-3.95%)

403

(-3.22%)

665.00

43,750

42,000

(-4%)

20.95

(-37.28%)

505.00

92,500

88,750

(-4.05%)

12.7

(-12.11%)

1,260.00

97,500

93,500

(-4.1%)

0.05

(-66.67%)

7,500.00

14,600

14,000

(-4.11%)

0.05

(-94.12%)

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Premium

Discount

Script
Spot
Future
Premium(%)

CDSL

1,433.90

1,434.00

0.00%

FINNIFTY

27,382.80

27,385.00

0.00%

IRFC

124.59

124.60

0.00%

NIFTYNXT50

68,667.75

68,678.60

0.01%

JINDALSTEL

1,021.30

1,021.60

0.02%

What is Long Unwinding?

Long unwinding refers to a situation where investors or traders sell off previously held long positions in stocks or other securities. This normally occurs when investors feel that the stock has reached its peak value or are expecting a nosedive in price. The reason behind such unwind decisions may be profit-taking, market sentiment changes, or some form of risk management strategy. It is essentially the closing of positions initially opened in anticipation of rising prices.

Long unwinding can happen in all sorts of contexts, from earnings reports to market corrections or geopolitical events that may dent investor confidence. It also tends to occur with greater selling volume. As a result, prices begin to swing and could be pretty volatile. In relation to this, traders can employ various methods of technical analysis to pinpoint their possible unwind positions. As has been discussed above, the process of long unwinding is instructive for investors since it would be indicative of certain changes in market action, which they can base their decisions on to enter or exit positions.

Indicators and Signals of Long Unwinding

Several signs can indicate that the market is long unwinding, including the following:

  • Falling Volume on Up Days: If the price of a stock has increased while falling in trading volume, this means there is less conviction in buying.
  • Increasing Selling Pressure: Suddenly spiking selling pressure in order to catch a falling price suggests that investors are unwinding their long positions.
  • Divergence of Technical Indicators: When stock prices are rising, and the momentum indicators weaken, that may be a signal for impending unwinding.
  • High Put-Call Ratios: An increase in put options over call options shows that investors are taking hedge positions against declines and thus suggests the possibility of unwinding.
  • Negative News Sentiment: The deterioration in news flow will incite investors to react by unwinding their long positions.

Impact of Long Unwinding on Stock Prices

Long unwinding tends to put downward pressure on stock prices. Heavy selling by investors increases the supply of stocks in the market. If the number of buyers is not sufficient to absorb the selling pressure, it is bound to have a negative effect on stock prices. This may result in a correction in the wider market if the selling continues unabated. The effect of long unwinding is more pronounced in thinly traded stocks, where even modest selling can result in steep price falls.

The long unwinding process can also be highly volatile and unpredictable, as market participants would react to changes in market sentiment and continuously rebalance their positions. Further, with falling prices due to increased supply, other investors may become fearful and even panicky, selling with the others and accelerating the price declines.

Long unwinding may also be responsible for stop-loss orders, which might accelerate downward movements in stock prices. On the other hand, when long unwinding leads to oversold conditions, that can give contrarian investors an opportunity to buy undervalued shares. Therefore, an understanding of long unwinding and its dynamics will help navigate the markets more effectively.

Is Long Unwinding Bullish or Bearish?

Long unwind is generally viewed as a bearish condition because it tends to reflect the loss of investor confidence in the future performance of the stock. In that case, when more traders are liquidating their stock, this shows a shift in sentiment from bullish to bearish, in which further declines may be seen.

Although long unwinding is generally viewed as a signal for bearish sentiment, sometimes the notion represents a consolidation phase or even a reversal if buying interest returns after the initial selling wave. For instance, stocks may get oversold due to excessive unwinding and, therefore, start attracting bargain hunters who look for undervalued opportunities.

Long unwinding has, at times, however, given way to the beginning of new bullish trends once the sell-off pressure dies down and demand starts building up again. While the immediate ramifications of long unwinding are bearish, its longer ramifications would depend upon further market reactions and changes in investor sentiment.

FAQs

Is call unwinding bullish or bearish?

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Call unwinding is generally considered bearish, as it indicates that investors are closing positions to take profits, suggesting they anticipate a price decline. But it can also be bullish if profits are reinvested into other opportunities.

How to check long unwinding?

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To check for long unwinding, monitor indicators like increased selling volume, consistent price declines, and reduced open interest in derivatives. Additionally, observe changes in market sentiment and divergence from broader market trends, which may signal potential unwinding.

What is the process of unwinding?

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Unwinding is the process of closing out a trading position by engaging in offsetting transactions. This can involve multiple steps, especially for complex trades, and may also include correcting trade errors made during previous transactions.

What does long unwinding indicate?

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Long unwinding indicates a shift from bullish to bearish sentiment among investors. It suggests that traders are losing confidence in a stock's upward potential and expect price declines, leading to increased selling pressure in the market.

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