Yeh kaise hota hai, kadam dar kadam
Shuruaat
2 aankde contracts ke alag chune set se aate hain. Pehla option chain se hai. Yeh 1 underlying ke saare uplabdh strikes aur expiries ki table hai. Ismein 100, 105 aur 110 ke 3 call strikes par OI 2,000, 10,000 aur 4,000 contracts hai. Alag chune set mein puts ka kul OI 15,000 aur calls ka 10,000 hai. Isliye us set ka put-call ratio 1.5 hai. Calls ka yeh kul aankda upar ke 3 strikes se alag hai.
Aage kya hota hai
Phir dono ko bhavishyavaani ki tarah padhte hain. Strike 105 ko aisa level maan lete hain jiske paar underlying nahi ja sakta, kyunki wahan sellers hain. Ratio 1.5 ko girawat ki raay rakhne waalon ka bahumat ya lagbhag probability maan lete hain. Dono mein data sirf 1 kadam ka sahaara deta hai, par 2 liye gaye. Pehle ginti hui. Phir holders ke agle bartaav ka daawa kar diya.
Iska matlab — aur kya nahi
Ginti se milti baat chhoti hai. Use poora kehna zaroori hai. Chune strikes aur expiries mein, us pal, sabse zyada call OI strike 105 par hai. Yeh trades band ho sakte hain. Baad ki expiry mein le jaaye ja sakte hain. Kisi aur jagah ke risk ke saamne rakhe ho sakte hain. Bade trade ka sirf dikhne wala hissa ho sakte hain, jiske baaki hisse doosri columns mein hain. Ratio 2 chune kul aankdon ka hisaab hai. 15,000 ko 10,000 se baantna 1.5 hai. Bas itna hi. Yeh probability nahi hai. Kisi raay waale participants ka hissa nahi hai. Ise volume se bane ratio ya nearest ke bajaay saari expiries ke ratio se seedha nahi mila sakte. Disha ka saboot tabhi banega jab pehle aisa daawa likha ho jo galat ho sakta tha, par jaanch mein nahi hua.
Isse kya establish nahi hota
Aisi reading ko chain nahi, jaanch ka tareeka galat sabit karta hai. Jaanchne laayak daawa 5 baatein batata hai. Input ka samay-daayra. Kaunse contracts shaamil hain. Observation ka pal. Nateeja kitne samay mein naapenge. Aur nateeja kise maanenge. Usi niyam ko aise data par chalaayein jo usne pehle nahi dekha. Agar sabse seedhe tulna ke aadhaar se behtar nahi hai to daawa galat sabit hua. Zyadaatar daave itni door nahi pahunchte. Chaal ke baad unhe likha jaata hai. Sirf wahi strikes chunte hain jo baad mein khaas nikle. Jawaab pata hone ke baad samay-daayra chuna jaata hai. Aisa daawa kisi nateeje se galat nahi ho sakta. Jise kuch galat sabit na kar sake, woh bhavishya ka saboot nahi hai. 1 aur chhupi galti bhi maanna zaroori hai. Bahut achhi lagne waali shartein dhoondhte hain. Sirf sabse achhi shart batate hain. Kitni khoj hui, woh nahi batate.
Kya check karein
6Kya baat sirf ginti ka varnan hai ya logon ke bartaav ka daawa?
Aankde mein kaunse strikes, expiries aur kaunsa pal shaamil hai?
Ratio open interest se bana hai ya volume se? Kaunsi expiries shaamil hain?
Nateeja pata hone se pehle niyam likha tha ya baad mein usse milaaya?
Reading galat hone ke liye kya hona chahiye tha? Kya woh ho bhi sakta tha?
Participants ka iraada publish nahi hota. Koi ginti nahi bata sakti ki uske peeche kaun hai.
Aam galtiyan
5Sabse bade strike ko deewar kehna. Yeh chune strikes mein sabse badi ginti hai. Display banaane waale ne woh strikes chune hain.
Put-call ratio ko probability ya logon ki raay ki ginti maanna. Yeh 1 chune kul aankde ko doosre se baantna hai.
Dono ratios mein kya gina gaya, bina bataaye unki tulna karna. OI aur volume ke ratios alag hain. Near expiry aur saari expiries ke ratios bhi alag maap hain. Naam ek hai.
Chaal se pehle padhi ginti se baad mein kahaani samjhaana aur use jaanch kehna. Jo vyaakhya galat ho hi nahi sakti thi, uski jaanch nahi hui.
Maan lena ki seedhe price ke saamne badhta OI apni wajah batata hai. Nayi ulat raayein, doosri jagah ke risk ki suraksha aur bade trade ka 1 hissa, sab wahi 2 columns bana sakte hain.
Kisi call strike par paas ke strikes se bahut zyada open interest hai. Isse kya sabit hua?
- Expiry se pehle underlying ka us strike ke upar jaana kam sambhaavna waala hai.
- Us strike ke sellers us level ko bachaayenge.
- Jis pal dekha, chune set ke baaki strikes se us strike par zyada contracts khule the.
Answer dikhao
C. Jis pal dekha, chune set ke baaki strikes se us strike par zyada contracts khule the.
Ginti maap hai. Baaki 2 jawaab logon ke bartaav ki kahaaniyaan hain. Number nahi batata ki in trades ka kya hoga. Expiry tak rakh sakte hain, agli subah band kar sakte hain, baad ki expiry mein le ja sakte hain. Doosri jagah ke risk ki suraksha bhi ho sakte hain, jo is column mein nahi dikhta. Display banaane waale ne tulna ke strikes bhi chune. Isliye sabse bada hona kuch had tak us chunav ki baat hai. Pehle jawaab par khaas dhyaan dein. Kam sambhaavna kehne se saavdhaan lagta hai, par woh bhi doosre jaisa bina saboot ka daawa karta hai.
Aksar poochhe sawaal
4Disha nahi bata sakta to kya open interest bekaar hai?
Nahi. Yeh khareed-bikri mein hissa aur kul khule trades samajhne mein madad karta hai. Khule contracts ka maap jaanch sakte hain. Seema usse nikle nateeje par hai. Padhne ki keemat par nahi.
Put-call ratio kya hai?
Chune put OI ko chune call OI se baantna. Yahan 15,000 ko 10,000 se baantne par 1.5 hai. Number ke saath uski paribhasha bhi chahiye. Volume se bana ratio ya nearest ke bajaay saari expiries ka ratio alag maap hai. Naam wahi hai.
Sabse zyada OI waala strike deewar kyun nahi hai?
Contracts ki ginti level bachaane ka vaada nahi hai. Trades band ho sakte hain, baad ki expiry mein ja sakte hain, ya kisi aur risk ki suraksha ho sakte hain. Ginti nahi batati ki inmein se kya hai.
Max pain kya hai, aur kya yeh expiry ka price batata hai?
Max pain ek option chain se nikla ek sum hai. Maan lo expiry ke din index ek strike par band hua. Ab har khule call aur put se uske buyers ko wahan kitna milega, yeh jodo. Har strike ke liye yahi karo. Jis strike par total sabse chhota hai, wahi max pain hai. Yeh ek ginti par hisaab hai, bhavishyavani nahi. Open interest badalta rehta hai, isliye jawab bhi badal sakta hai. Aur price isse bahut door bhi band ho sakta hai.