Hi,
Here is Nifty Option Chain of 20th Jul 11(Wed).
Nifty has continued to trade in the range of 5555 to 5630. 5500 put still has highest OI.5600 call is also adding to its OI and it is close to 90 lacs.Six sessions are remaining in this series. will it oscillate in this range or break out before series ends? it is any one's guess?.It is advisable to the traders who have adopted a short strangle strategy selling 5500 Put and selling 5600 call to be cautious and on guard.
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