HSI April Option Conclusion

On 1st April 09, we conclude that April HSI will close between 14800 - 15000.
And the highest upper resistance at 16000 and the highest lower support level at 14000.

On 24 -28th April 09, we can see that the 15000 Call is reducing and 16000 Call slightly increase. It may tell us that they are some investors closed their position and take their profit and open 16000 contract. 14800 Put is slightly increase, it shows the upward trend will be expected.

On 28th April, it closed at 14863.

Based on the change OI in 24th April - 29 th April 09, we can find out


On 27-28th April, 14400, 14600 and 14800 are LCall. And 15200 SCall. But the SC 15000 are closing postion.

On 24-29 April, 14800 PUT is increasing, but 15000 PUT is decreasing. Believe, 14800 is SP and 15000 LP close position.

Reply on 9th April my post, this month is successfully predict the closing point within 14800 -15000 trading range. However, I did not put the position on the right time, that causing MTM loss value and could not get the Max value from last month trading.

Finally, my SP 16000 and SP 16200 gave me +150 and +122 respectively. But I thought the market can drop through 14000, I did a LP at 14000. That one brought me losing value -484 pts.

I must remember this mistake. Trade at the right without deeply consideration on the whole situation.