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Highlights

* Highest Put option open interest is at 25000 strikes with 4674975 contracts.

* Highest Call option open interest is at 26000 Strikes with 6200400 contracts.

* Highest volume recorded in Put option by 25500 contracts at 82344 strikes.

* Highest volume recorded in call option by 26000 contracts at 85520 strikes.

* Fresh Put option open interest is at 25300 strikes with 1082775 contracts.

* Fresh Call option open interest is at 26000 Strikes with 85520 contracts.

* Put-Call ratio according to Volume is 0.87. # Put-Call ratio according to OI is 1.11.

Highlights

* Highest Put option open interest is at 58000 strikes with 1716260 contracts.

* Highest Call option open interest is at 58000 Strikes with 1282295 contracts.

* Highest volume recorded in Put option by 58000 contracts at 159202 strikes.

* Highest volume recorded in call option by 58000 contracts at 111425 strikes.

* Fresh Put option open interest is at 50000 strikes with 52535 contracts.

* Fresh Call option open interest is at 58000 Strikes with 111425 contracts.

* Put-Call ratio according to Volume is 0.96.

* Put-Call ratio according to OI is 0.83.

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 25-NOV 25700 CE AT 285.65, 25700 PE AT 270.5, SELL 25800 CE AT 235.55 AND 25600 PE AT 225.9.

BANK NIFTY

BUY BANKNIFTY 25-NOV 58100 CE AT 681.5, 58100 PE AT 647.75, SELL 58300 CE AT 587.75 AND 57900 PE AT 558.15.