@Bapu4
Here a little educational post on your previous question:
Regarding your question about the 300 June Call in TataSteel: As you now follow it in theory, you surely recognized that what others see in the chart and in the option matrix is not what you may see. You may also have fundamental informations or more time spent with the script to see any relation with the Index future or what ever you have recognized over time with this script.
Now regardless what others say, if you feel YOUR analyzes are fine, then you take the trade. In this case the risk you faced was clearly mentioned in dept from me and that is the only point you have to concentrate on when your decision stands, as all other topics are not in our hands at the moment we are in the market with any trade.
So you could have token this trade by setting a stop loss in any way after you entered the trade on Monday morning and you still would be in it as we are now by a value of around 31 and an IV of around 31 at the moment I did this post. IV has come down as we got more atm when market moved down and IV will go up again in this option as market moves up again.
In the follow up of the trade, you now would need to make a decision at this point if you would keep the short options or if you would take it out or if you want to change your stop loss level or if you want to convert into a more complex option strategy.
Take care / Dan
Edit: During the time I wrote this post for you, the script has intra day done a jump to the upside.
Here a little educational post on your previous question:
Regarding your question about the 300 June Call in TataSteel: As you now follow it in theory, you surely recognized that what others see in the chart and in the option matrix is not what you may see. You may also have fundamental informations or more time spent with the script to see any relation with the Index future or what ever you have recognized over time with this script.
Now regardless what others say, if you feel YOUR analyzes are fine, then you take the trade. In this case the risk you faced was clearly mentioned in dept from me and that is the only point you have to concentrate on when your decision stands, as all other topics are not in our hands at the moment we are in the market with any trade.
So you could have token this trade by setting a stop loss in any way after you entered the trade on Monday morning and you still would be in it as we are now by a value of around 31 and an IV of around 31 at the moment I did this post. IV has come down as we got more atm when market moved down and IV will go up again in this option as market moves up again.
In the follow up of the trade, you now would need to make a decision at this point if you would keep the short options or if you would take it out or if you want to change your stop loss level or if you want to convert into a more complex option strategy.
Take care / Dan
Edit: During the time I wrote this post for you, the script has intra day done a jump to the upside.
Best Regads
