Option Buy Recomendations

[ghosh_ak34]

Hi,

I am trying to understand the strategy over here. Does this mean I should buy both PUT and CALL at the same time. Can you please explain if possible.

rgds,
BlueGuy

Dear BlueGuy,

We are buying either call or put to hedge our NF short or NF long position.

Regards

 

[BlueGuy]

Thanks Ghosh-Bhai,

I am comparing your Ultimate strategy with yesterday,s (19 Jun).

Open (as per NSEindia Website) = 4251.10
At 10:00 = 4300
At 10:30 = 4287
At 10:45 = 4262

If we compare the trend with 10:00 and 10:30 then we don't find any trend. And if we compare 10:00 with 10:45 then the trend is down.

If we compare the trend with Open ( NSEindia) and 10:30 then the trend if UP, and if we compare Open ( NSEindia) and 10:45 then we don't find any trend.

Was it a UP trend, DOWN trend or NO Trend?

Should we consider Nse India's OPEN value (which usually will be around 9:55) or the price at 10:00? and if we don't find any trend at 10:30, and find a trend at 10:45, should we consider it as a trend?

What should we do in this kind of situtation?

rgds,
BlueGuy

 

[ghosh_ak34]

Thanks Ghosh-Bhai,

I am comparing your Ultimate strategy with yesterday,s (19 Jun).

Open (as per NSEindia Website) = 4251.10
At 10:00 = 4300
At 10:30 = 4287
At 10:45 = 4262

If we compare the trend with 10:00 and 10:30 then we don't find any trend. And if we compare 10:00 with 10:45 then the trend is down.

If we compare the trend with Open ( NSEindia) and 10:30 then the trend if UP, and if we compare Open ( NSEindia) and 10:45 then we don't find any trend.

Was it a UP trend, DOWN trend or NO Trend?

Should we consider Nse India's OPEN value (which usually will be around 9:55) or the price at 10:00? and if we don't find any trend at 10:30, and find a trend at 10:45, should we consider it as a trend?

What should we do in this kind of situtation?

rgds,
BlueGuy

Dear BlueGuy,

I consider price at 10:00 AM as opening price. If price at 10:30 AM - Price at 10:00 AM is +20 then trend is considered up and if -20 then trend is considered dwn. And we wait till 10:45 AM for any trend if either trend is not found or to confirm the previous trend. On 19th there was no trend 10:30AM and at 10:45AM w.r.t. price at 10:00AM there was down trend. As its -20pts dwn from price at 10:00AM. So, buy a put AT R1 with SL=30% or so from buy price for a target of 40% or so. Keeping in mind that SL % is less than Target %.

Regards

 

[BlueGuy]

Many thanks Ghosh-Bhai,

I guess I have understand this Ultimate strategy completly and will be doing paper trading for few days. Will keep you updated with my trade history.


rgds,
BlueGuy

 

[ajaypoonam]

Dear gosh
a good thread.
but kindly specify the expiry so that one can cross check from other sources. I could no trace nifty put 5600 selling for around 155 either for jun or july.
thank

 

[ka2931]

Hi BlueGuy,

Thank you for your post.Its really a very good post.Thanks to Ghosh Sir too for clarifying your confusion as well as ours taking your input data.I'm really grateful to both of you.


Regards

kausik
:thumb:

 

[abigbull]

Many thanks Ghosh-Bhai,

I guess I have understand this Ultimate strategy completly and will be doing paper trading for few days. Will keep you updated with my trade history.


Hello BlueGuy

It was nice to see ur Question and will help a great deal in others also understanding the trade .
I would just request u to do one more favour ..while u r doing the paper trading ,can u list down the trade u made at the evening for a week or two so that we can see if the trend analysed by us in the morning did got followed in real at the terminal ...

I am a working guy and so cannot find time in the trading hours ... so finding it hard to understand the whole procedure .
Ur experience and help is greatly appreciated .
thanks in advance
-- abigbull

 

[BlueGuy]

I am a working guy and so cannot find time in the trading hours ... so finding it hard to understand the whole procedure .
Ur experience and help is greatly appreciated .
thanks in advance
-- abigbull

hI abigbull,

For doing paper trading, no need to spend time during trading hours, You can visit nseindia website at the end of the day and you will get the chart for that particular day. You can assume that you are buying, selling, making desicions based on the procedure provided in the 1st post and create your own paper trade.

rgds,
Blue-Guy

 

[idhreem]

Hi,

I am doing paper trading for couple of days now, it a great sucess. I am doing this in little different manner, Instead of doing this in future im using this option. If i found that nifty will rise then i am buying call, if short then put.


thanks to all

Regards,
Mohamed:thumb:

 

[abigbull]

For doing paper trading, no need to spend time during trading hours, You can visit nseindia website at the end of the day and you will get the chart for that particular day. You can assume that you are buying, selling, making desicions based on the procedure provided in the 1st post and create your own paper trade.



Right .... Blueray
But most of the times my paper trades get wrong ..so wanted to have a look at ur trades if possible