Seems undervalued to me, the value should rise atleast by 30-40% from here!

If nifty gains just 25 points with momentum, then the premium will make a high of 8.70₹

Puts are in dominating side, calls are moving towards a “Crush” specially otm.

I’m looking for this strangle adjustment.

Slow moves will kill the gains, a momentum is required!

Here’s the live example of “Option value crush”

Value gained by 30%

Now see & observe!
Put came 12₹ to 5₹ lost more than 50% Value.

But call didn’t spiked just because of heavy pressure in options called value crush.

It takes guts to trade against the dominating side.

I actually made 2-3 value adjustments today!

All were successful!

HERO OR ZERO!

Against .50 at risk target 1.50₹ Atleast.

Covered at risk limit.

Tomorrow we’ll close below today’s closing in nifty.

MidCapNifty stands at a major area, 0.618% of fibonacci’s retracement zone.

The premium seems good to me, Indicating a range of over 100 points in MidCapNifty.

It is not easy to “Think” of the extreme. The mind needs training and should be away from all kinds of distractions.

I read it somewhere:
“To think the immeasurable, the mind must be extraordinarily quiet.”

Undervalued premium!
The value should rise by 40% Atleast

High made 19₹
Rose by nearly 32%

Banknifty might expire near 54000

Premiums behaviour was weird!
Values with spot at 53970
54500 call - 8₹
53500 put - 26₹
53400 put - 19₹
53300 put - 15₹