Defense and offense between P22750 and C24000?
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Now, the theme this time isMarket Impressions.
In January, the stock market opened with a jump of over 700 yen, and on Friday it continued higher by about 200 yen.
As a result, the price-earnings ratio (PER) rose to 15.63 times.
Note) calculated with expected EPS of 1517.24
Thereafter, as U.S. stocks rose, the Chicago Nikkei average futures for March rose further to 23,765 yen.
The high was 23,820 yen, but after weak U.S. employment data, the yen-dollar fell from around 113.20 to around 113, bringing the close somewhat softer.
In thin trading, purchases by hedge funds and others stood out.
However, there are signs that these maneuvers are plateauing.
On Friday night, some out-of-the-money (OTM) Call options have started to lose their value.
Strike price Price Change Open interest
23,750 185 ＋20 6,692
23,875 130 ＋20 3,703
24,000 75 0 9,099
24,125 48 △2 2,490
24,250 26 △6 6,824
24,375 13 △7 1,584
24,500 6 △5 5,985
The largest open interest is at 24,000, so might this level be a key target?
With a three-day weekend, OTM options with strike prices above 24,125 will experience time decay and lose value.
On the put side, large open interests are at 22,750 and 23,000, with 9,034 and 10,061 contracts respectively.
If the New York market does not surge and plunge dramatically on the 8th, might 22,750–24,000 be the SQ target?
Note) The above is my personal view and is intended solely to improve financial literacy. Therefore, this is not created for investment solicitation. Also, while the blog’s content is based on data from reliable sources, the administrator does not guarantee its accuracy. Please make final investment decisions at your own responsibility.
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