5100 call seeing a bit of unwinding

The thing that stood out in today's trade was the PCR but for the Nifty we saw the premium coming down significantly, that's on adjustment, the last traded premium was close to 2 points or so just about Rs 7,800 crore of turnover for Nifty futures.

On the options side 5,000 put was very active today, added about 13 lakh shares in open interest, so now we are looking at 1.3 crore shares of outstanding open interest for 5,000 put so that's a lot of open interest that we are talking about.

5,100 call saw quite a bit of unwinding nearly 8 lakh shares, so that was a bit surprising and yesterday we saw quite a bit of buildup and today that OI was squared off.

In individual stocks today, the stock of the day was actually TCS, the kind of move we saw today in open interest is almost unparallel about 12 lakh shares added in open interest, so that's about a 30% jump in open interest a good turnover of nearly Rs 480 crore and the stock was up 3% or so.

On the way down, Triveni Engineering which has been outperforming its sugar peers today saw a bit of a catch up, added about seven lakh shares in open interest which was easily the biggest looser today in the F&O market down about 6% or so.

Apart from that, Essar Oil, an influential stock in terms of trading faternity, that stock was down 4%, we saw an unwinding of about 6 lakh shares in open interest.

KS Oil a news driven counter, now for the second day running that stock was down quite a bit with a fresh 10% buildup in the open interest. M&M was down about 3% and you saw quite a bit of unwinding over there with nearly 12% open interest getting cut and McLeod Russel finally after a good Friday again put on some weight today, that stock was up 3.5% with a 18% open interest buildup.