oday is the rare combo. Sensex monthly expiry and Sensex weekly expiry stack on the same session. And tomorrow the market is closed. Yesterday afternoon something quiet happened on the chain. Pro took profit. Not at the lows, right at the top. In one session they flipped index futures bear, cut 1.13 lakh long calls, and added 46000 fresh long puts. Three legs in one move. Sensex closed 76009.70 sitting exactly on the magnet line. Nifty closed 23913.70 down 118 points. Bank Nifty May monthly settled 55090.80. India VIX printed 16.13. First close below 16 since March. Insurance got cheap again.

Today the monthly chain and weekly chain agree on one strike. The double magnet pulls harder than a normal week. The Sensex weekly chain added 1.28 lakh fresh short calls at 76500 in one session. The biggest single line of fresh adds on the May series. ...