CROMPTON GREAVES CONSUMER ELECTRICALS LTD, a consumer electricals company, having two business segments – Lighting and Electrical Consumer Durables, which are marketed under the “Crompton” brand name and are also exported. The company is one of the leaders in fans, street lighting and domestic pumps in India.

Call Option gives Option Buyer right but not an obligation to buy the underlying shares at a predetermined date at a predetermined price. HAVELLS INDIA LTD. Call Option holder has the right to buy HAVELLS INDIA LTD. shares (Lot size or multiple of it) at the selected strike price on the expiry date.

Advantages of CROMPTON using Quantsapp Option Chain

  • Helps in tracking live CROMPTON Futures Price so we know the Fair Value of the underlying.
  • Tracking Live Premiums for all the CROMPTON Options helps in knowing the price of Options that we are going to trade.
  • Implied Volatility for the CROMPTON Option Strikes to track the uncertainty in those Options
  • Volumes on all CROMPTON Options ensure liquidity & participation on that Option, so that the Option we are buying doesn’t face a liquidity issue while exiting.
  • Track Options Greeks for CROMPTON Options so we know what is affecting our Option Premiums.
  • Open Interest & Change in Options OI to decipher Option Participants' reaction to any move or event better using color-coded Open Interest in Quantsapp Option Chain.

A)    Call Writers view: Underlying neutral to bearish

B)    Call Writers view when unwinding: Underlying scaling higher

C)    Put Writers view: Underlying neutral to bullish

D)    Put Sellers view when unwinding: Underlying edging lower

  • Biggest Green Bar=Strike with most CE Writers open contracts which might act as a Resistance for CROMPTON. When Buying CROMPTON shares around the highest Call OI strike & more CE writings & Put OI addition might be vulnerable & vice-versa.
  • Biggest Red Bar=Strike Price with most PE writers having open contracts which might act as a support. When Buying CROMPTON shares around the highest Put OI strike & more Put writings & Call OI unwinding addition might be fruitful & vice-versa.
  • Using Quantsapp Option Chain if buying CROMPTON Shares can check how participants change their position when CROMPTON reaches around this level.

E) More Put Writers adding OI indicating Put Writers view being mildly bullish on CROMPTON which might act as a very crucial level.

F) More CE writers adding OI indicating their view being mildly bearish on CROMPTON.

G) ATM CROMPTON strike will show the participant’s expectation of an immediate move above scenarios also apply to ATM strikes too.

This is how visually using Quantsapp Option Chain a trader has advantages while buying CROMPTON shares.

How to buy subscription for option chain? 

  • Step 1:- Sign Up your account with Quantsapp.  
  • Step 2:- Click on your profile icon on the top right corner of the screen.
  • Step 3:- Go to Buy subscription select PRO/PRO+, Monthly/Yearly subscription post comparing & getting information of the subscription plan & choose a payment mode.
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