The June Option series Open Interest picture shows 7500CE call writers are active so far which in turn reflects a possible resistance around 7500 on EOD basis. 7000PE on the put side has the higher open interest on the put side however far less when compared to 7500CE. As the option series is very new it is still very early to judge the based on the open interest view but still observing the open interest gives you more idea about this dynamic market.
Call writers are very busy in 2010 season. They had shorted 5300CE,5200CE,5100CE,5000CE right from 17th Jan 2010 onwards. And in the February season they started writing 5000CE on February 5 as there is a suspected 5/13 Weekly EMA crossover and then later they take one step forward and shorted 4900CE on February 11 and now […]