Daily Review, 4 days before clearing day

It is the 4th day before clearing, it would be fluctuated but also induces a weak momentum.

HSIM2 OI has reduced 2880 contracts, HSIN2 +2220, it showed market oligopolies is constructing their positions in the following month.

HHIM2 OI has rebounded to 125K, 2.6K contracts are added since 19th of June.

Stock Turnover almost hits recent low which is 28B. Constituent turnover reached the low, almost 14B, of June , It does not support the market sustaining on a relative high level.

Option Put/ Call OI Ratio keeps declining as call OI position went more. Call option level induces the maximum range of the rebound would be 19000~ 19400. But It should be considered as a powerless short- term (3~4 days) rebounce as stock market is weak which disgracing the bullish call position.

Put OI remains almost the same.
JUN-12 18800 P 140 140 86 103 OI +779,
Market showed that SP has been strengthen in the coming 3~4 days.
LP dude took their profit this morning. Futures reached 1883X becoming a ATM good.

There is no evidence market can stay above 19600 until today.
But there would be chances to have a short and powerless rebound.

Option strategy should be LC on 192 for a 1~2 days.
SC position should still be hold.

Also, it sounds more valuable to pay attention on the coming month position constructing of futures and options this week.