What a volatility……….. Ooops!!
BNF opened 31950 and went to 32210 again slipped to 31450. While I writing this update BNF were trading @ 31550
Till now BNF moved almost 800 points volatility
Option premium is too high and VIX up 5%
Current straddle 31500 pair trading around 370 (CE and PE both)
31000PE now trading around 60. This is to much of premium. Still 500 points away
Now, BNF now considering a support around 31400-31450
If breaks and manages below 31400………. then expect more weakness up to 31230 and 31000
Suppose if takes support around 31450………. Will check 31770 and 32000
Updated: 11.37 am / 15th April 2021
