October futures continue, beware of selling pressure
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Now, the theme this time isMarket Impressions.
The SQ on September 8 was 19278.13.
It fell slightly from the previous close, but 19000 was defended.
Some of you may feel relieved, but there are still concerns left.
<９月９日5時３０分>
CALL Strike price PUT
18500 17361
98 19000 15365
7700 195004955 （＠485）
14158 200006266 （＠890）
6832 20500
9121 21000
Note) Open interest as of 15:15 on September 8
Above are the outstanding positions and prices for the Nikkei options for October.
The 19000 PUT open interest has already surpassed 15000 contracts.
Furthermore, 18500 and 18000 are also at high levels of 17361 contracts and 24581 contracts respectively.
On the Call side, 20000 is also high at 14158 contracts, but the Put side appears to be thicker.
Also, looking at the currency movements after the SQ, the yen-dollar fell below 108, temporarily entering the 107.60s, and closed around the 107.80s.
The US 10-year yield was bought up to 2.013% at one point, and then hovered back to 2.054% at close, which has a large impact.
Dollar rate down → yen appreciation and dollar depreciation → Japanese stocks decline.
There will also be dividends rights taken at the end of September, but the selling pressure seems to remain advantaged for now.
If the US 10-year yield drops below 2% and starts to be bought, I think yen appreciation and Japanese stock decline may accelerate.
September's decisive battle feels like it has entered extra time.
Note) The above expresses my personal view and is intended solely to improve financial literacy. Therefore, it is not created for investment solicitation. Actual investment decisions should be made at your own risk.
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