Is there no turmoil for the October 2017 limit?
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Now, the theme this time isFollow-up on option position residuals.
The Nikkei Stock Average has been inching forward and backward, and its situation is highlighted when looking at the option market positions.
Below are the position residuals for the October 2017 contracts.
CALL Strike price PUT
19,000 13,133 （＠11）
19,500 9,500 （＠25）
20,000 11,947 （＠65）
14,638 （＠100） 20,500
9,807 （＠ 14） 21,000
Nikkei Average: 20,356.28
★ As shown above, there are not many large residuals.
★ Since the spot index is at 20,356, the 20,500 CALL is the closest OTM option.
This may be the easiest place to set up, but 21,000 seems quite far away.
★ On the other hand, on the PUT side, up to 20,000 there seems to be some interest, but 19,500 feels quite far.
From the position data and prices, it seems that the end of week with SQ (special quotation) may pass without major turmoil.
In particular, Monday, October 9 is a holiday, so time decay (the decrease in time value of options) may be faster toward the weekend.
Note) The above is my personal view and is intended solely to improve financial literacy. Therefore, it is not created for investment solicitation. The final investment decisions should be made at your own risk.
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