Long 10 years: Finally started Diary

[jassinko]

pair now at 228......:clap:

almost 60 points........but holding till this tuesday......and not next.........

 

[jassinko]

pair now at 228......:clap:

almost 60 points........but holding till this tuesday......and not next.........

more than 100 points in kitty now...pair at 182........will wait till 7130 above sustain or below 7080.....

booked half lots here and waiting for other half to book

 

[jassinko]

My Sl for powerrid was sustaining above 150 ... now waiting for tgt with same SL

profit is more than 2.5 points till now and 9 days to go.........in practical trade, i would have taken profit as in 10 days i got 2.5 point but in next 10 days, i will only get 1.......so can use cash in next better trade.......anyways, 145 short call is very risky so holding 150 call at 1 for tgt 0 by expiry

 

[jassinko]

more than 100 points in kitty now...pair at 182........will wait till 7130 above sustain or below 7080.....

booked half lots here and waiting for other half to book

market jumped 40 points but my pair is still at 183 suggesting possible intra top somewhere near 65-70........7100 put heavy addition and 7200 call winding suggesting rally might touch 7210 or so and finally no addition in 7200 put indicating top at 65-70 so watching 7200 put now........ will cover my 7100 pair if heavy addition come in 7200 put........or pair go above 190

 

[jassinko]

market jumped 40 points but my pair is still at 183 suggesting possible intra top somewhere near 65-70........7100 put heavy addition and 7200 call winding suggesting rally might touch 7210 or so and finally no addition in 7200 put indicating top at 65-70 so watching 7200 put now........ will cover my 7100 pair if heavy addition come in 7200 put........or pair go above 190

now getting 115 points..... took resistance at 7200 level but failed to cross 7210 .... In morning 7200 put addition was more than 7200 call but now situation reversed so this decline is here to stay for today atleast......there are not much addition in 7100 call so support can be taken at 7080-90 level and market will be range bound for a day or two..........good for my 7100 pair..........

 

[jassinko]

Exited pair with 115 points profit........ hoped with IV dropping and reversal of position, might get 130 points but that didnt happen.....might be by tomorrow but 115 is also good and again bullish sentiment faded as of now....... pair might increase from here so better safe than sorry........

This month profit=60-18+115=157 so far

 

[jassinko]

since 7000 is max pain and one swing above and below done........and option prices came down as well........ its time for direction now for atleast 240 and then 360 points from 7000........ and since 7400/7000 are still max OI.....bullish is the sentiment for next few days.......

so buying NF at 7025 with SL 6960 sustaining below

hedging it with 7050 call at 69..........lets see

 

[jassinko]

since 7000 is max pain and one swing above and below done........and option prices came down as well........ its time for direction now for atleast 240 and then 360 points from 7000........ and since 7400/7000 are still max OI.....bullish is the sentiment for next few days.......

so buying NF at 7025 with SL 6960 sustaining below

hedging it with 7050 call at 69..........lets see

max pain is not 7000 but 7100 but i called max pain as highest combined OI in same strike........ and not as lowest combined pair.......

anyways SL revised to 7000 now.....so risk is now 10-15 points only and profit can be more than 60 points....... i will leave my hedge if 7140 above sustains....

 

[jassinko]

SL now revised to 7050.......... tomorrow gap up hoga shayad 7140 ke upar so i might drop my put there for tgt of 7200 and thereafter 7350-60.....lets see

OI chain zindabad

 

[Fundootrader]

since 7000 is max pain and one swing above and below done........and option prices came down as well........ its time for direction now for atleast 240 and then 360 points from 7000........ and since 7400/7000 are still max OI.....bullish is the sentiment for next few days.......

so buying NF at 7025 with SL 6960 sustaining below

hedging it with 7050 call at 69..........lets see

why do you call it hedge - you are buying future and buying CE - both in same direction - where is the hedge ? or did you write call option @ 7050 to hedge ?