Post Market Report, October 20, 2014 | Stocks and Commodities

October 20, 2014
Time: 6.45 pm

Post Market Report:

1. Markets traded in a range today.
2. Though European futures were positive in the morning, they opened negative in the afternoon due to bad corporate results.
3. US futures also turned negative.
4. People were reluctant to take long position ahead of key China data tomorrow.
5. But VIX has crashed by 13.5%.
6. All out of money (both Put option and Call option) option premiums fell except 7900, 7950 and 8000 Call options.
7. Even these 7900, 7950 and 8000 Call options are up only marginally.
8. Today is the Diwali day for option sellers. ( I made about Rs 20 Lakhs today for my clients)
9. Jindal steel fell due to CBI case.
10. Axis Bank shot up due to good results.
11. FIIs, after a long time, bought in the cash market for Rs 1040 crores.
12. DIIs have sold for Rs 166 crores.
13. So once again, bad global cues and good local cues, so markets are not going to move significantly on either side.
14. So short strangle option sellers, enjoy the profit.
15. Today I sold Bank Nifty 15500 Put and 17000 Call.