Options breakouts trading strategies using "Trap Indicator"
Hey Folks,
Many indicators are effective in the market. Of course, there are more indications that are effective boosters in options trading. From the perspectives of activity and traceability, options trading open interest is crucial.
In an options trading strategy, the option with the most active trades should be chosen because it has the most open interest.
Option Open Interest = Option Buyer + Option Seller
Nonetheless, option sellers typically deal with the following:
Uncertain loss
Small profit
Margin
Risk with a negative reward
But, if the option seller is still writing the option, it demonstrates a strong belief and a methodical approach. As a result, his OI of the option is examined from the seller's perspective and aids in measuring sentiment. Find out if these option sellers at a specific strike are being trapped, one must wait
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I was able to grasp this idea and implement it more practically with the aid of a video. The Quantsapp Trap Indicator, which employs algorithmized logic to find such instances or traps in NSE equities or indices like Nifty and BankNifty, is used in the film. Quantsapp is India's premier options analytics platform.
