PRESTIGE – Bullish Continuation with Aggressive Call Build-Up

________________________________________________________________________________📈 PRESTIGE – Bullish Continuation with Aggressive Call Build-Up
📅 Setup Date: 18.07.2025 | ⏱ Timeframe: Daily
📍 Strategy: Options Trade Setup
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Overall Bias: Bullish
Spot Price: ₹1,783.2
Trend: Uptrend resumption with aggressive Call OI build-up
Volatility: IV slightly falling in puts, rising in calls → good for defined risk bullish setups
Ideal Strategy Mix: Bullish with defined reward → Bull Call Spread or Naked CE
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1. 🔼 Bullish Trade (Naked options as per trend)
Best CE: Buy 1800 CE @ ₹49.10
Why:
• Strong Long Build Up with OI up 225%
• Massive volume (1.78L contracts) and ₹33.2 Cr TTV → clear interest
• Decent delta (approx. 0.5–0.55) → good sensitivity to price movement
• Strike closest to spot + high liquidity = ideal for directional trade
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2. 🔽 Bearish Trade (Naked options as per trend)
Best PE: Sell 1740 PE @ ₹28.6
Why:
• Price down 46% with high volume (4.2L) = put writing
• OI dropped 6.94% → likely unwinding from short bias
• Deep OTM with stable delta (-0.25 approx)
• Favorable if bullish view sustains and price stays above ₹1,740
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3. ⚙️ Strategy Trade (As per trend + OI data)
Strategy: Call Debit Spread → Buy 1780 CE + Sell 1820 CE
Net Debit: ₹57.3 - ₹41.1 = ₹16.2
Max Profit: ₹40 (spread) - ₹16.2 = ₹23.8
Max Loss: ₹16.2
Risk:Reward ≈ 1 : 1.47
Lot Size: 450
Total Risk: ₹7,290
Max Profit: ₹10,710
Why:
• 1780 CE shows explosive Long Build Up (OI ↑1031%) → active strike for bulls
• 1820 CE also shows strong Long Build Up (OI ↑1000%) → defined bullish target
• Much better R:R than 1800–1840 while staying aligned with trend
• Defined risk with improved capital efficiency and lower theta burn
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📘 My Trading Setup Rules
Avoid Gap Plays
→ Check pre-open price action to avoid trades influenced by gap-ups/gap-downs.
Breakout Entry Only
→ Enter trades only if price breaks previous day’s High (for bullish trades) or Low (for bearish trades).
Watch Volume for Confirmation
→ Monitor volume closely. No volume = No trade.
Enter on Strong Candle + Volume
→ Execute the trade only if a strong candle appears with increasing volume in the direction of the trade.
Defined Risk:Reward Only
→ Take trades only if R:R is favorable (ideally ≥ 1:2).(Safe R:R – 1:1)
Premium Disclaimer
→ Option premiums shown are based on EOD prices — real-time premiums may vary during execution.
Time Frame Preference
→ Trade with your preferred time frame — this strategy works across intraday or positional setups.
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⚠ Disclaimer (Please Read):
• These Trades are shared for educational purposes only and is not investment advice.
• I am not a SEBI-registered advisor.
• The information provided here is based on personal market observation.
• No buy/sell recommendations are being made.
• Please do your own research or consult a registered financial advisor before making any trading decisions.
• Trading involves risk. Always use proper risk management.
I am not responsible for trading decisions based on this post.
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