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* Highest Put option open interest is at 25500 strikes with 12801225 contracts.

* Highest Call option open interest is at 26500 Strikes with 20271975 contracts.

* Highest volume recorded in Put option by 25800 contracts at 9124604 strikes.

* Highest volume recorded in call option by 25900 contracts at 5998013 strikes.

* Fresh Put option open interest is at 25700 strikes with 2859000 contracts.

* Fresh Call option open interest is at 25900 Strikes with 5998013 contracts.

* Put-Call ratio according to Volume is 1.09. # Put-Call ratio according to OI is 0.66.

Highlights

* Highest Put option open interest is at 56000 strikes with 1662745 contracts.

* Highest Call option open interest is at 58000 Strikes with 1681085 contracts.

* Highest volume recorded in Put option by 57500 contracts at 687271 strikes.

* Highest volume recorded in call option by 58000 contracts at 820639 strikes.

* Fresh Put option open interest is at 56000 strikes with 215810 contracts.

* Fresh Call option open interest is at 58000 Strikes with 820639 contracts.

* Put-Call ratio according to Volume is 1.03. # Put-Call ratio according to OI is 0.84.

Double-Edged Options Strategy

A Double-Edged Options Strategy is an options trading strategy where a one buys both a call option and a put option with the same strike price and expiration date. This strategy allows profit from a significant price movement in either direction of an underlying asset. The risk in this strategy is limited to the premium paid for the options, making it an attractive strategy for investors who expect a significant price movement but are unsure of the direction.

Advantage

Profit potential in either direction: This strategy allows traders to profit from a significant price movement in either direction of the underlying asset. This means that traders can potentially make money whether the price goes up or down.

Limited risk: The risk in this strategy is limited to the premium paid for the options, which can be a fraction of the cost of owning the underlying asset. This means that traders can limit their potential losses while still being able to profit from a significant price movement

Versatility: The Long Straddle Trading strategy can be used in a variety of market conditions, making it a versatile strategy for traders. It can be employed in both bullish and bearish markets and can be used on a variety of underlying assets, including stocks, commodities, and currencies.

The risk is limited to the premium paid for the options, which can be a fraction of the cost of owning the underlying asset

NIFTY

BUY NIFTY 28-OCT 25800 CE AT 99.75, 25800 PE AT 88.8, SELL 25900 CE AT 58.65 AND 25700 PE AT 49.85.

BANK NIFTY

BUY BANKNIFTY 28-OCT 57700 CE AT 232.8, 57700 PE AT 237.55, SELL 57900 CE AT 152.45 AND 57500 PE AT 152.85.