Thread by @BasicLearner

#IBULHSGFIN........ A case study.

21. 71% ++...... Surprise..... Isnt it???

Yes....For every one who sees it today.

This is a short story...

*** Stock made its low on 19 march. COI made a low on 30 Mar 2020. Thereafter, mild increase in the COI.....

Price almost trading in the range for almost last 15 trading days.
From 8th Apr.. Drastic reduction in delivery %, however rollover % increased.... Indicates no volume based selling by big players. Contracts getting rolled over to next series.

One special thing happened on this day. Strong built up in the 100 CE. Unwinding in far OTM CE strike...... First Bugle .... Why???

*** 100 strike is ATM CE.... If its a writing then simultaneous action has to be seen on the futures... which was missing... My understanding.

On 9th Apr 2020 stock Long build up with again negligible price action. However, futures added 5%.

15 Apr 2020.

*** Far OTM strike 150 CE got addition of 154% contract....
Second Bugle.... Time is near.

***Stock closed at 91 ...however highest PE at 100. Put writer is just BINDHAST... No fear of loss.....
Reversal almost confirm.

And then rest of the today.. 21% ++

I know this is just a story.... there are many a doubts, which I dont have justified answer. The long build up, short build up ..this itself is totally confusing, because an individual trying to see the present movement without understanding the background.

However, let me assure you, if you spend few hours, few days and few months AWAY from the option chain, and rest of the time with it, it will start speaking to you. Try to read in conjunction with the overall picture.
Nothing happens without preparation.

#RT please, if you can.