Questioner: Why tatacomm is staying thr? Amit Ghosh [7:24 AM] 600 tons of puts sold. Questioner: Oh... Questioner: as market turned bullish mad put selling will hold many stocks Questioner: So unless it breaks that... It ll nt fall Amit Ghosh [7:25 AM] not break. it has to close cbsl. then break pdl. 600pe needs to unwind.
Now my question is
- you said
put selling will hold many stocksmeaning put selling holds the stock from falling right?
- you also mentioned about
closing cbsl and then break pdl and 600pe needs to unwindwhat happens when this scenario happens? Its slightly confusing… when ccbsl and break pdl ->then there is an indication that this will fall right? so the 600 PE sellers will unwind (meaning they will start buying 600PE) which will further push the stock down… is my assumption right?