Picking up nickels in front of steamroller!!

[pradeep24s]

I understand that.. i have sold my 5500 CE at 27.. Keeping my fingers crossed.

Hi Jvblogger

What yours take on above sold call. Should i buy it back and book profit or let it expire worthless now? Its around 5 rupees now

 

[cool_kk]

Hi Jvblogger

What yours take on above sold call. Should i buy it back and book profit or let it expire worthless now? Its around 5 rupees now

I am also wondering same.
It's mhy first time I am holding sell till expiry.

is it good to square off or wait till expiry--> my broker is icicidirect.
They charge 100 + some %age on amount.

Please advise

Thanks
Kaps

 

[jvblogger]

I will allow 5500 CE to expire.. now around Rs.3-60. Considering the very low IV it is difficult to have close above 5500. But always be watchful.

 

[MaxX]

I guess everyone is happy now

I have moved out of all 5500 july now and gotten into august positions.. as I have low brokerage cost due to RKG..

 

[jvblogger]

I guess everyone is happy now

I have moved out of all 5500 july now and gotten into august positions.. as I have low brokerage cost due to RKG..

Hmmm.. Rs.30-00 per lot at angel is still a bit of blow!!

Kindly share your opinion about August range, based upon your risk-management method!

 

[MaxX]

Hmmm.. Rs.30-00 per lot at angel is still a bit of blow!!

Kindly share your opinion about August range, based upon your risk-management method!

We are near the top of the monthly channel on the charts.. Lower TL is around 4900/50 levels though... which has very low premiums.. so I am biased towards call writing.

What are your thoughts for the august series or are you skipping to september?

 

[jvblogger]

For August I have following trades :

NIFTY 5700 200 16.65
NIFTY 5000 100 19.4
NIFTY 4900 100 25.2
NIFTY 4700 100 25.45

 

[cool_kk]

For August I have following trades :

NIFTY 5700 200 16.65
NIFTY 5000 100 19.4
NIFTY 4900 100 25.2
NIFTY 4700 100 25.45

I am not entering any new option trade for August.
Done one bad trade by selling 5500CE@58 and 4600PE@21
and square off one leg 5500CE@80 as market reached my stop loss

My 4600 PE leg is still opened naked.

I will try to check my discipline in August by keeping out and analyse what I have done in 2 months while learning options.

So far:
2 positive traded (3800 rs profit-- 1 nake buy but profit was 3000, other sell call 800 rs; not followed exactly with more risk, Not count in good strategy trade)

1 negative--> No loss(Followed JV stop loss fundamental)

Thanks to all who advise to develop good strategies.

cheers
kaps

 

[jvblogger]

Sebi allows currency options on bourses

Options on USD-INR Spot Rate (NSE/SEBI Circular in zip download)

 

[cool_kk]

Sebi allows currency options on bourses

Options on USD-INR Spot Rate (NSE/SEBI Circular in zip download)

Hi JV,

Can you explain a little bit
What does it mean..

It means.. we will ahve Forex as options. ?
If yes.. sounds interesting.. need to check how whole thing works

Thanks