Anupam Dutta
Options trader, coder, and independent researcher who posts on implied volatility, payoff math, theta/IV and practical options microstructure.
Market Makers Manage Gamma, Not Predict Direction
Today’s GammaGrid Insights: Most people think market makers are predicting direction. They’re not...They’re managing gamma. Thread 👇 #Nifty50 #OptionsTrading
Holding Nifty 23600 CE Until IV Drops Below 10
Holding Nifty 13 Apr 23600 CE. Risky trade given elevated premiums, though IV has cooled to ~16. Still not cheap. Plan is simple. Holding as long as IV stays above 10. Any further crush and I’ll look to roll over to the...
Bear Call Spread Targets Nifty Below 22650
Entered bear call spread on Nifty 7 Apr expiry. Sold 22650 CE @ 212.05 Bought 22750 CE @ 167.35 Net credit 44.70, RR ~1:1. View is for price to stay below 22650. Not expecting any meaningful upside from here. #Nifty50
Nifty50 Expected to Trade 22,208‑22,843, Watch VIX
Nifty50 closed Thursday at 22,713.10. Based on current VIX, the implied move for Monday comes in around 22,208 to 22,843. That’s the expected range for now... Any expansion or contraction in VIX will shift this, so keeping an eye on vol...
Nifty50 Remains Bearish; Await Reclaim Before Longs
Nifty50 still in a clear bearish structure with consecutive lower highs and lower lows...Price is now interacting with the 22.2k..22.3k zone, but there’s no confirmed support yet. Intraday breach shows lack of demand at this level. >> Until we see acceptance...
22,359.9 Emerges as Key Nifty 50 Support Level
Looks like 22,359.9 is acting as a nearby support zone for Nifty 50. Today’s low came in at 22,453 and buyers stepped in around that area. Feels like this zone will be important if the market dips again. #Nifty50
Nifty 23100 Put Trade Targets 405‑410 Amid High IV
Entered Nifty 23100 PE (30 Mar expiry) around 365. IV is elevated (~27), but still acceptable for me. As long as IV holds above 20, I’m staying in. Structure-wise, downside opened below 22900, so this is more of a momentum + expansion...
Nifty50 Expiry Shows Record IV, Market Tension
Quick read on today’s Nifty50's 30th March expiry option chain. Spot around 22,927. ATM .. 23,000. IV at 98 percentile… market is tense. This is not a calm setup. Something is building. Continued...👇 #Nifty50 #optionchain
Nifty50 Hovers at 22843.85 Support, Future Direction Unclear
22843.85 is a key support to watch this week on Nifty50. Today’s open: 23064.40 Current low: 23063.20 Market literally opened and kissed the same level… almost no downside follow-through so far. That’s interesting. Now the real question: Is this absorption before a move up, or just...
Booked Half, Risked House Money, Awaiting Market Verdict
Booked 50% @ 398.5… paid myself first like a responsible adult 😄....Rest is running on house money, SL at cost, will trail it till expiry. Now either market rewards me… or politely escorts me out 😄 #Nifty50 #OptionBuying
Vol‑Driven Nifty Call Bet Targets 460, IV‑Dependent
Holding Nifty 30 Mar 22850 CE, avg...294.50. > Risky trade. As long as IV holds, I stay in. If IV drops below 18, I’m out. > This is more of a vol + directional play, not just direction. Expecting 455...460 till expiry if things...
Pure Gamma Bet on Sensex 74500 CE Requires Immediate Upside
Thinking of going long Sensex 74500 CE (today’s expiry) @ ~620, but let’s be real. 🧐 This option already spiked to 1158 and cooled to 620, so most of the gamma + IV expansion is already done.... Now it’s a pure gamma...
Nifty50 Options Signal 31% Weekly Volatility, Demand Zone 23100‑228
In these uncertain times, options data tells a deeper story. Plugged today’s Nifty50 weekly options into my model, it’s pricing => 31% IV (annualized) for nxt 7 days...😳🔥 >> Structure suggests 23100 to 22800 as a strong demand zone, but remember,...
Three Timeframes Disagree, Average Points to 22,300 Bottom
Studying the Nifty50 chart in these crucial times. Today’s low came at 23112. Now the interesting part… each timeframe is telling a different story.... Daily chart suggests the bottom may be in. Weekly still hints some downside left. Monthly says the bear move may not...
Bull Put Spread Bets Nifty Stays Above 23900
Opened a 23900..23800 bull put spread on Nifty (17 Mar expiry). >> Sold 23900 PE @ 304.75 >> Bought 23800 PE @ 231.85 (hedge) Net credit 👉 ₹72.9 View is simple: Nifty should expire at/above 23900....Structure wise this means I'm short gamma near 23900,...
Nifty50 Futures Premium Signals Stable Market Conditions
Nifty50 March futures settled at...132 points premium over spot. >> Traditionally this reflects healthy implied financing (r − d) in the system. In simple terms, funding conditions are comfortable and there’s no aggressive demand to short futures. >> That usually aligns with...
23800 Support Crushed, Target 275‑300 Zone
23800 was a crucial support for Nifty50 and it’s been brutally broken today 😬 >> Holding 10 Mar 23900 PE, avg ~195.50. Option already spiked to 325.95, largely driven by gamma expansion + IV spike after the breakdown...💥🔥 >> Current plan: looking for...
Nifty50 Option Mispriced, Hints at Monday Move
One interesting thing I noticed in Friday’s EOD option chain for Nifty50 (10 Mar expiry)...🤔 >> Look at the marked Option, closing around ₹439.85. Based on basic OTM risk premium / volatility structure, this option’s theoretical fair value appears much higher... >>...
Elevated IV and Oil Prices Signal Upcoming Nifty Volatility
Nifty50 10 Mar option chain at today’s close shows ATM IV above 20. That means option premiums are already elevated and the market is pricing serious uncertainty...Add crude oil above $90/barrel, and the macro backdrop is getting tense.😬💥 High IV +...
Nifty50 Poised for Breakout, Trade in Play
Looks like a breakout on Nifty50 to me.....😁 Price pushing above the recent consolidation and attempting to reclaim structure. Of course, the market loves turning breakouts into fakeouts… so let’s see... Entered >> Nifty 10 Mar 24,550 CE @ 375. If momentum follows...
Nifty50 Faces Crucial Support Tests Amid Volatility
Based on Monday’s India VIX and the geopolitical mess, I see 3 key supports for Nifty50 tomorrow (4th March): >> 24,500 >> 24,150 >> 23,450 Gift Nifty hints we may open below 24,500. If 24,150 holds, bulls survive....🔥 If the last support breaks, we’re not talking...
Discover Nifty Futures' Hidden Implied Financing Rate
Everyone watches Nifty50 futures price. Some track IV in options trading... >> Almost nobody tracks the hidden interest rate inside Nifty futures. >> It’s called Implied Financing. And once you understand how implied financing drives Nifty50 futures, options pricing, and volatility structure… You’ll never look...
Holding Nifty Call Until Expiry If Spot >25500
Bought Nifty 2nd March 25600 CE....🔥 Avg: 191.40. Currently in loss. Risky trade, no denial. >> Plan is simple: holding till expiry or target as long as Nifty spot sustains above 25500 on DCB. Now it’s about structure, not emotions. Let’s see how the market...
Implied Volatility, Not Direction, Causes Nifty Options Losses
90% of Nifty option buyers don’t lose because of wrong direction. They lose because they don’t understand Implied Volatility. >> If you trade Nifty 50, read this thread carefully.... 🧵👇 #Nifty50 #OptionsTrading #IndianStockMarket
Rising VIX with Nifty Fuels Call Momentum, Not Trap
VIX at 14.4, up 7%. Not panic… but volatility is waking up. Now it’s simple. >> If Nifty pushes into the liquidity zone and sustains, while VIX stays firm or rises… that’s real fuel. Calls can expand properly. >> But if price goes...
Nifty50 Holds Near 25900, Awaiting Bullish Break
#Nifty50 looks neutral to slightly bullish for now, but not in full breakout mode. >> 25900 is the real decision zone. Writers still in control there... >> If spot sustains above 25900 and 25900 CE breaks 180...185 with rising IV, we can...