Munafa BIOCON (target) price & Options chain analysis (Biocon Limited) Option chain analysis (BIOCON) 27 Tue January Expiry Which Call CE or PUT PE options to buy or sell in Biocon Limited BIOCON
BIOCON Option Chain Data Analysis for Biocon Limited BIOCON option chain
Maximum Call writing has been for strikes: 400 420 390 410
Until yesterday Maximum Call writing has been for strikes: 400 420 390 410
Open Interest of Call writers for the options of Biocon Limited BIOCON is shifting downwards. This would mean that markets are slowly moving downwards, and buying CALLS and CE might not be profitable.
Maximum Put writing has been for strikes: 380 370 400 375
Until yesterday Maximum Put writing has been for strikes: 370 350 400 380
Open Interest of PUT writers for the options of Biocon Limited BIOCON is shifting upwards. This would mean that markets are moving in an upward directions. Buying PUTS and PE of Biocon Limited might not be profitable.
Stock is in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Biocon Limited BIOCON at this time.
It appears as if Biocon Limited BIOCON gave a large move recently.
Stock of Biocon Limited (BIOCON) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, and the stock might move lower...
My analysis of Biocon Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Biocon Limited stays below 379.9, but if it comes above 379.9, then a intra day buy could be more profitable.
If you take a sell trade below 379.9, then use 379.9 as stoploss and 369.8 as target. However if you take a buy trade in Biocon Limited, then use 379.9 as stoploss and 388.39 as target.
Biocon Limited BIOCON Option Chain, OTM CE, ITM PE
Below is full option chain of Biocon Limited for strikes which are OTM CALLS (CE), and ITM PUTS (PE).
These are CALLS which have only time value in them, no intrinsic value. PUTS however have both time value and intrinsic value in the premium.
Biocon Limited BIOCON Option Chain, ITM CE, OTM PE
Below is full option chain of Biocon Limited for strikes which are ITM CALLS (CE), and OTM PUTS (PE).
These are PUTS which have only time value in them, no intrinsic value. CALLS however have both time value and intrinsic value in the premium.