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[jamit_05]

Gurmy,

Now, having shorted, we have two choices...

1) Either take profit (if and when it comes). It will be around 10%;

2) Plan such that we get to keep most of the Cost (atleast 50%);

For (2) market could give us several choices like:

1) buy a 100 OTM pair at same cost of 120, such that we make 50 points (Rs.2500 per lot) at expiry.

2) Buy Out the one leg which becomes ATM; And cover the cost by selling more options. This to be done with SL;

If above two are options under consideration, then it seems 200 OTMs are a better choice.

 

[veeemkay]

Gurmy,

Now, having shorted, we have two choices...

1) Either take profit (if and when it comes). It will be around 10%;

2) Plan such that we get to keep most of the Cost (atleast 50%);

Be careful on Monday. There will be some announcement by Mr PM still our FM for the last few days. The market might run after that. It would be interesting to see what happens as even F&O expiry is closer.

VK

 

[sayantan2u9]

hey ! got a question
why did u choose to short the july pair instead of the june pair,???
the time decay in the june pair would have been more

 

[divnain]

I feel immense pleasure to declare the following as this weeks undisputed hero...

Sincere Thanks Amit .. but I also don't know how can I be the one

 

[gurmy.]

Gurmy,

Now, having shorted, we have two choices...

1) Either take profit (if and when it comes). It will be around 10%;

2) Plan such that we get to keep most of the Cost (atleast 50%);

For (2) market could give us several choices like:

1) buy a 100 OTM pair at same cost of 120, such that we make 50 points (Rs.2500 per lot) at expiry.

2) Buy Out the one leg which becomes ATM; And cover the cost by selling more options. This to be done with SL;

If above two are options under consideration, then it seems 200 OTMs are a better choice.

i am in favour of taking profit(10-15%)as and when it comes

take profit and wait for next opportunity

 

[divnain]

Somebody should take up the task of making a few posts a day publishing the base price... 165-8 = 157; This is the base price for today. Remind everybody to be cautions if you are buying much above.

The base price for July 5200 CE/ 5000 PE = 157-12 = 145

 

[jamit_05]

i am in favour of taking profit(10-15%)as and when it comes

take profit and wait for next opportunity

Let me go ahead and take profit/loss of 10% on all lots except one. On that, I will try and keep at least 50% premium.

Let see, whether the method suits.

 

[jamit_05]

It seems right to cover the long leg Above 5190; On one lot only.

 

[seetharamank]

hey ! got a question
why did u choose to short the july pair instead of the june pair,???
the time decay in the june pair would have been more

the premium also will be very less in the trade but also danger of unlimitted loss i think

 

[pakatil]

Amit......did u cover Long Leg....ie 5300CE...