The Hindu Business Line : Nifty call options see surge in open interest

Chennai, Jan. 5 The Nifty future surged on the back of higher volumes. It ended the day with a gain of 2.25 per cent at 3122.25. The premium, however, narrowed down almost to nil with respect to the spot close, which ended the day at 3121.45. It added about 9.77 lakh shares in open interest positions.

Options

Among the options, Nifty 3100, 3200 calls and 3000, 2900 and 3100 put were the most active. While both the calls added in excess of 5 lakh shares each in open interest positions, the Nifty 3000 put saw accumulation of 9.4 lakh shares (mainly writing) in open interest positions. This suggests that traders turned positive on the market and 3000 would act as a strong support.

The fact that India VIX or NSE Volatility index, which measures the expected immediate volatility of the market, slipped to 38.6 points also bodes well for the market.

Stock futures

Many individual stock futures added short positions in Monday’s trade. Those include SBI, DLF, Unitech, Reliance Petroleum, Satyam Computer and Tata Steel.

Reliance Petroleum shed about 7.01 lakh shares in open interest positions and ended at 92.85 against the spot close of 92.55.

SBI saw a drop of about 54,000 shares in open interest and ended at 1,359.45 in discount with respect to the spot close of 1360.8.

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