Option Buy Recomendations

[ghosh_ak34]

Sirji,

what do you think about WRITTING 2800 STRADDLE 2800 P + 2800 C ( 175 + 90 )

thanks

Dear Rahul1983,

You can write 2900/3000 calls and hedge with 2400 put write. Currently Nifty is bearish so you could hedge with one put write against 2 call writes at 2900/3000 strike price.

Regards

 

[mk4r8]

hi
doing paper trade

got 2300pe at 23.55
3000ca at 10

i am 90% sure v will open gap down and test 2618. 2580 lvl and 10% up to test 2725 2750 lvl dependenting on global conditions


how would my trade work out since only 6 days before expirey

or how to trade tomm with my buys as above


thks

mk

 

[dhinakar113]

Dear friends,

For the next week 24/11 to 27/11, as per my calculation we are having the data as below:

R1-2852, S1-2519 R1 ~ S1 = 333 which is > 300 and < 400, so we have Normal Trade Strategy.

Rounded off : R1-2900 and S1-2500

Kindly confirm Mr.Ghosh or correct if anything wrong. As it is the settlement week take care while trading,

Regards

 

[ghosh_ak34]

Dear friends,

For the next week 24/11 to 27/11, as per my calculation we are having the data as below:

R1-2852, S1-2519 R1 ~ S1 = 333 which is > 300 and < 400, so we have Normal Trade Strategy.

Rounded off : R1-2900 and S1-2500

Kindly confirm Mr.Ghosh or correct if anything wrong. As it is the settlement week take care while trading,

Regards

Dear Dhinkar,

Your calculations are correct.

Regards

 

[ghosh_ak34]

Dear Friends,

For the week starting Mon-Fri the R1=2900 and S1=2500 and the diff. between R1~S1 is within the range 300,400. So, we can trade as per Normal strategy. Trend is still bearish, so buy more no. of puts at R1=2900 and lesser no. of calls at S1=2500.

We saw a technical bounce on Friday, mostly due to short covering. There is 1st resistence at Nifty 2800 levels, and next major resistence at 2900 levels on upper side. Unless it closes above 2800/2900 levels 5 days in a row we could not say, the current uptrend is intact. It seems this uptrend is going to last for 2-3days (max.) so, trade with caution.

Will reco. exit from all positions on daily basis.

Regards

 

[MARUTIMANE]

Dear Ghosh,

Should we trade in current month option or next month option, levels suggested by you are for current month or next month. please guide for trading.

Maruti Mane

 

[ghosh_ak34]

Dear Ghosh,

Should we trade in current month option or next month option, levels suggested by you are for current month or next month. please guide for trading.

Maruti Mane

Dear Maruti,

Offcourse its for next month. As stated in my 1st post of this thread that after 20th of the month, its reco. to trade in the next month options only.

Regards

 

[nazeer78in]

dear ghosh
i have a nov 2700 ce 4 lots bought at 53 and expecting to sell near 150 to 180.is my target realistic and achievable within mondays closing or tuesday morning
opening? pls guide me b,cas iam new to options trading and current price of nov ce 2700 is 93.thank u

 

[pkamalesh]

dear ghosh
i have a nov 2700 ce 4 lots bought at 53 and expecting to sell near 150 to 180.is my target realistic and achievable within mondays closing or tuesday morning
opening? pls guide me b,cas iam new to options trading and current price of nov ce 2700 is 93.thank u

Nazeer ur level is achievable...in case nifty rallies past 2700 upto 2800...don worry but after monday the time decay will reduce the cost...try exiting on monday with what ever gains u get..Any thing is expected...market may go down too..

 

[ghosh_ak34]

Nazeer ur level is achievable...in case nifty rallies past 2700 upto 2800...don worry but after monday the time decay will reduce the cost...try exiting on monday with what ever gains u get..Any thing is expected...market may go down too..

Dear Pkamalesh,

Rightly said, its possible. Nazeer try to exit on Monday itself.

Regards