‘Traders should opt for Vega based albatross short strangle in Bank Nifty’

Money Control | Oct 12, 2019 at 11:48 AM
  • VEGA Based Heavy volatility in the last few trading sessions has ignited options premium and one of the main components responsible for the high premium as “Vega”.
  • On the call side, 29000 call option holds highest open interest which was followed by 29500 strike price where fresh short of more than 65000 contracts has been added in today’s trading session and cumulative open interest stands at around 1,44,000.
  • Though 29,000 CE holds maximum open interest, but to make the strategy safer, traders can go Short in 29,500 CE along with 27,000 PE as both are quite deep out of the money options.