Options Daily 17.04.2015

Summary: Apr NIFTY 8700 calls added 1,201,700 contracts while 9200 calls shed 198,950. On the Put side of the equation, the 8400 strike added 404,700 while the 8800’s shed 1,060,475.

APR NIFTY OI

APR NIFTY OI chart

APR BANKNIFTY OI

APR BANKNIFTY OI chart

APR NIFTY Volatility

APR NIFTY Volatility chart

APR BANKNIFTY Volatility

APR BANKNIFTY Volatility chart
Dotted lines indicated actual underlying volatility. Solid lines are IVs.

Opening Bell 16.04.2015

Your world at 9am

world.2015-04-16

Equities

Major
DAX(DEU) +0.03%
CAC(FRA) +0.70%
UKX(GBR) +0.30%
NKY(JPN) -0.48%
SPX(USA) +0.51%
MINTs
JCI(IDN) +0.09%
INMEX(MEX) +0.47%
NGSEINDX(NGA) -0.22%
XU030(TUR) -1.29%
BRICS
IBOV(BRA) +1.74%
SHCOMP(CHN) +1.53%
NIFTY(IND) -0.95%
INDEXCF(RUS) +1.84%
TOP40(ZAF) +0.88%

Commodities

Energy
Brent Crude Oil -0.79%
Ethanol +0.00%
Heating Oil -0.69%
Natural Gas -0.34%
RBOB Gasoline -0.68%
WTI Crude Oil -0.44%
Metals
Copper +0.00%
Gold 100oz +0.47%
Palladium +0.40%
Platinum +0.78%
Silver 5000oz +0.00%

Currencies

USDEUR:-0.18% USDJPY:-0.04%

MINTs
USDIDR(IDN) -0.46%
USDMXN(MEX) -0.22%
USDNGN(NGA) +0.00%
USDTRY(TUR) -0.11%
BRICS
USDBRL(BRA) -1.13%
USDCNY(CHN) -0.14%
USDINR(IND) -0.22%
USDRUB(RUS) +0.18%
USDZAR(ZAF) -0.25%
Agricultural
Sugar #11 -1.67%
Feeder Cattle +0.00%
Lumber -0.46%
Wheat +0.61%
White Sugar +0.00%
Cattle +0.00%
Cocoa +0.00%
Coffee (Arabica) +0.93%
Coffee (Robusta) +0.00%
Cotton +0.42%
Orange Juice +2.43%
Soybean Meal +0.16%
Soybeans +0.28%
Corn +0.33%
Lean Hogs +0.00%

Credit Indices

Index Change
Markit CDX EM +0.08%
Markit CDX NA HY -0.01%
Markit CDX NA IG -0.19%
Markit iTraxx Asia ex-Japan IG +0.96%
Markit iTraxx Australia +0.89%
Markit iTraxx Europe +1.80%
Markit iTraxx Europe Crossover +10.43%
Markit iTraxx Japan -0.12%
Markit iTraxx SovX Western Europe -0.30%
Markit LCDX (Loan CDS) +0.00%
Markit MCDX (Municipal CDS) -0.27%
Will we track overseas markets into the green today?

Must reads

Indian banks have the least capacity among lenders in emerging markets to absorb losses. Gross NPAs in the Indian banking system stood at 4.5% of total loans at the end of December, with bad loans of state-run banks increasing to 5.1% of all advances at the end of the fiscal third quarter in December. (LiveMint) BANKBEES 1,838.00 -34.75 (-1.86%) PSUBNKBEES 408.00 0.10 (0.02%)

Meanwhile, the government has shown willingness to let PSU banks fall in relevance, and not perpetuate moral hazard by bailing out weak banks. (FT)

Income Tax Department on Wednesday came out with a list of 31 defaulters who owe over Rs 1,500 crore to the Centre. (pdf)

The price of wind and solar power continues to plummet, and is now on par or cheaper than grid electricity in many areas of the world. (Bloomberg)

If you can’t put your finger on something in a 50 year chart, it’s probably not important. (Dan Davis)

Good luck!

Opening Bell 15.04.2015

Your world at 9am

world.2015-04-15

Equities

Major
DAX(DEU) -0.90%
CAC(FRA) -0.69%
UKX(GBR) +0.16%
NKY(JPN) +0.00%
SPX(USA) +0.16%
MINTs
JCI(IDN) -0.42%
INMEX(MEX) +0.09%
NGSEINDX(NGA) -0.42%
XU030(TUR) +0.56%
BRICS
IBOV(BRA) -0.48%
SHCOMP(CHN) -1.17%
NIFTY(IND) +0.61%
INDEXCF(RUS) -1.84%
TOP40(ZAF) -0.57%

Commodities

Energy
Brent Crude Oil +0.79%
Ethanol +0.00%
Heating Oil +0.60%
Natural Gas -0.51%
RBOB Gasoline +1.02%
WTI Crude Oil +0.53%
Metals
Copper -0.17%
Gold 100oz -0.16%
Palladium +0.10%
Platinum -0.17%
Silver 5000oz +0.00%

Currencies

USDEUR:+0.19% USDJPY:+0.19%

MINTs
USDIDR(IDN) +0.01%
USDMXN(MEX) +0.05%
USDNGN(NGA) -0.20%
USDTRY(TUR) -0.04%
BRICS
USDBRL(BRA) -1.86%
USDCNY(CHN) -0.05%
USDINR(IND) +0.30%
USDRUB(RUS) -0.16%
USDZAR(ZAF) +0.20%
Agricultural
Corn -0.40%
Orange Juice +3.06%
White Sugar +0.00%
Cotton +0.09%
Lean Hogs +0.00%
Cattle +0.00%
Cocoa +0.00%
Soybean Meal -0.06%
Soybeans +0.08%
Sugar #11 +0.92%
Coffee (Arabica) +0.26%
Coffee (Robusta) +0.00%
Feeder Cattle +0.00%
Lumber -0.36%
Wheat -0.40%

Credit Indices

Index Change
Markit CDX EM +0.00%
Markit CDX NA HY -0.19%
Markit CDX NA IG +1.30%
Markit iTraxx Asia ex-Japan IG -0.33%
Markit iTraxx Australia +0.09%
Markit iTraxx Europe +0.45%
Markit iTraxx Europe Crossover +2.52%
Markit iTraxx Japan -1.80%
Markit iTraxx SovX Western Europe +0.54%
Markit LCDX (Loan CDS) +0.00%
Markit MCDX (Municipal CDS) +0.56%
All eyes on the results season. Even though ACC ACC 1,520.00 -44.20 (-2.83%) results were sub-par, the stock’s up 1.5% this morning. Is this a preview of what’s to come?

Must reads

Mahindra and Mahindra: It is one thing to do too many things. Another to do them all well. 2015 will be the year of reckoning for M&M. (LiveMint) M&M 0.00 0.00 (0.00%)

The government will press ahead with the Rs 40,000 crore tax demand on FIIs. Over 100 international funds have been served notices. (FP, FT)

Sovereign and corporate borrowers outside America owe a record $9 trillion in USD, much of which will need repaying in coming years. (Bloomberg)

Tumbling interest rates in Europe have put some banks in an inconceivable position: owing money on loans to borrowers. (WSJ)

Good luck!