Option Buy Recomendations

[columbus]

Hi All

I am uploding todays data with timestamps.

@ Ghosh Sir,

I have taken 4500 Put at 492 stop loss is to set 344. I need to buy call at 3 PM as market was up for 76 point after 12:45 ?

In you PDF please mention 2 more columns ,closed value of put/call and profit it generated like the thread MECHANICAL FUTURE TRADING .

 

[rahul1983]

Yes, you should have bought a 4100 C , coz the trend changed in last 30 min and markets recovered 150 points , doing that ur position too would have being hedged from gap up

 

[trader999]

Ghosh Sir,
I Could not get out of 4300 call at 128.Kindly advice ?


Regards
Ram

 

[ghosh_ak34]

Ghosh Sir,
I Could not get out of 4300 call at 128.Kindly advice ?


Regards
Ram

Dear Ram,

Please reframe your query,I am unable to understand it.

Regards

 

[swing_trader]

hello ghosh sir,
as per ur strategy toaday i bought 4500 put @480 and i am still holding that..do you feel any further downside movement or should i square it off tomorrow....????
thankyou

 

[trader999]

Dear Ram,

Please reframe your query,I am unable to understand it.

Regards

Ghosh Sir,
I bought a Nifty call 4300 at 128 on Saturday.You asked me to keep a stop loss at 90. Today it had a high of 48.What should I do ?


Regards

Ram

 

[ghosh_ak34]

Ghosh Sir,
I bought a Nifty call 4300 at 128 on Saturday.You asked me to keep a stop loss at 90. Today it had a high of 48.What should I do ?


Regards

Ram

Dear Trader999,

I always recommend to hedge your positions, I hope you will follow this in future. Your SL has been crossed and you might have exited.

Trade as per 1st post or reco. not to trade. We need to follow the strategy with lots of discipline and strictness w.r.t. SL. SL mostly holds good only during the day on which the position is taken so, its always recomended to hedge your positions before a day is called. Hedging will protect you the loss to the extent of hedge.

Regards

 

[trader999]

Dear Trader999,

I always recommend to hedge your positions, I hope you will follow this in future. Your SL has been crossed and you might have exited.

Trade as per 1st post or reco. not to trade. We need to follow the strategy with lots of discipline and strictness w.r.t. SL. SL mostly holds good only during the day on which the position is taken so, its always recomended to hedge your positions before a day is called. Hedging will protect you the loss to the extent of hedge.

Regards

Ghosh Sir,
Iam not a full time trader.I do it part time ie end of the day.Kindly advice is it ok or not.I lost lot of money ?

Regards
Ram

 

[awachat]

Hi Columbus, Rahul1983, Ghosh Sir,

Thanks for your updates. I will add Call/Put ratio from today onwards in PDF file.

After your comments I have read one more time Ghosh sir strategies and understand that I need to hedge my position if I am caring my call/put for next day.

I have questions about hedging:-

As yesterday I have brought 4500 Put at 492*50 = 24600 now if I want to hedge then I need to calculate on qty or price?

Like :- 1) I just need to buy 4100 Call 50 qty ? (Which is similar to 4500 put holding Qty) OR
2) I need to buy 4100 call which is at 96.25 * 250 or 300 qty? (Which is around 24600 RS Put investment?)

 

[trillian]

Hi Columbus, Rahul1983, Ghosh Sir,

Thanks for your updates. I will add Call/Put ratio from today onwards in PDF file.

After your comments I have read one more time Ghosh sir strategies and understand that I need to hedge my position if I am caring my call/put for next day.

I have questions about hedging:-

As yesterday I have brought 4500 Put at 492*50 = 24600 now if I want to hedge then I need to calculate on qty or price?

Like :- 1) I just need to buy 4100 Call 50 qty ? (Which is similar to 4500 put holding Qty) OR
2) I need to buy 4100 call which is at 96.25 * 250 or 300 qty? (Which is around 24600 RS Put investment?)

Hi Ac,

I think according to ghosh you should hedge ur position only by size not by price because, when you carry your position next you should revise your stop loss to 10% from cmp so that price doesn't cost anything only size.

Ghosh correct me if I am wrong.

Regards