Finnifty Expiry Special: Opportunities emerge daily in the Options Trading market specially on expiry days. As tomorrow is Finnifty Weekly Expiry, traders are focussing on the FINNIFTY 19DEC23 21400 Call (CE) and Put (PE) options for potential gains as they approach expiry on December 19, 2023.
Finnifty Option Strike Prices for Tomorrow
On Monday’s close, the FINNIFTY 19DEC23 21400 CE stood at 62 rupees, while the corresponding 21400 PE closed at 46 rupees. These numbers set the stage for traders to explore strategic moves in the market.
High Break Options Strategy:
For traders seeking a tactical approach, the High Break Strategy can be a game-changer. This strategy involves aligning market trends with the movements of option premiums. Here’s how you can make the most of it:
1. Monitor Support Levels: Keep a close eye on FINNIFTY’s support levels. If a break is imminent, it could signal a potential shift in market dynamics.
2. Premium Movements: Simultaneously, observe the movements in option premiums. For instance, if there’s a noticeable spike in the FINNIFTY 19DEC23 21400 PE premium as the support level breaks, it could be an opportune moment.
3. 1:2 Trade with Caution: Consider a 1:2 trade ratio, aligning one part with the prevailing trend and two parts with the movement in the PE premium. Exercise caution and set a small stop-loss to manage potential risks.
Strategic Trading in Action:
Picture this: If FINNIFTY is breaking the support level, and there’s a simultaneous spike in the 21400 PE premium, it might be an ideal scenario for a strategic 1:2 trade. This approach allows traders to capitalize on market shifts while managing risk effectively.
Conclusion:
In the fast-paced world of options trading, staying informed and strategic is key. The FINNIFTY 19DEC23 21400 CE & PE options present a canvas for traders to paint their moves, utilizing the High Break Strategy to navigate the market’s twists and turns.
Keep your eyes peeled, align the trends, and trade wisely for potential gains as the December 19, 2023, expiry date approaches.
