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.
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
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.