@nithin hey is there any possibility of getting historical data for banknifty future bid ask quantity data ?
ah no, I don’t think anyone stores historical bid-ask data.
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One more thing apart from this ,i have never heard about any extremely successful traders having net worth in ballpark of billion dollar or so like in the u.s even though we have world’s largest derivative market specially the volumes in index options are insane.
While trading volumes in India are high on derivatives, I don’t think it is comparable to the US since all trading in India happens on one exchanges, but in the US trading can happen in multiple venues. Multiple exchanges & also a lot of OTC (non-exchange). Also most trading in India is in Nifty and Banknifty, but in the US it is across different type of securities from commodities to interest rate to index derivatives to many other exoitc/structured products. So it is apples to oranges comparison. I don’t think we are even 1% of all the derivatives trading that happens in the US.
We need to also remember that we are a poor country. The per capita GDP of the US is $70k and that of India is $2.2k, so at a per citizen level we are 30+ times poorer. Since we are a poor country, the number of billionaires will also be much lesser? Only in the recent past have we seen billionaires popup in the country across the board, that too mainly based on paper valuations of the companies. Again comparing India to US in terms of billionaires etc is apples to oranges comparison.
Finally, in India, the really rich folks like to not be in the forefront unlike the US. Historically we have been more socialist than capitalistic. Hence the reason you hear of very few billionaire traders, like the late RJ.
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I have read somewhere that a client cannot take more than 5% of the open interest in a derivate contract ,when i calculate that for few strikes of index this value is merely few crores .My question is that can we take more positions in a single strike of index on intraday basis of this limit ?(i am talking about option buying not writing)
From the NSE website https://www.nseindia.com/products-services/equity-derivatives-position-limits
The gross open position across all futures and options contracts on a particular underlying security, of each specific client or scheme of MF, should not exceed the higher of:
1% of the free float market capitalization (in terms of number of shares)
or
5% of the open interest in all derivative contracts in the same underlying stock (in terms of number of shares) whichever is higher
The position limits underlying-wise, are available to members on NSE’s website
So this 5% limit is across all strikes of the same underlying. By the way, since Covid the max restriction is 5% or Rs 500 crores of notional value, whichever is lower. So Individual clients can’t really run really large derivative positions.
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So even for intraday postion we cannot surpass this o.i.limit
Yep, both intraday and overnight
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I have identified something on index options which rarely happens in a year like 5-10 times in a year ,i want to optimise by taking maximum positions on that occassion so is it possible to buy like 40-50 crores worth of option in a single strike mostly atm strike @nithin
no chances to get bid ask data for free of cost, but you can get it by using paid API (from zerodha, finwesiya or any other broker who provide api for historical data) or you can directly buy it from nse authorised data provider list.