Hi Mayavi,
While Options Is A Different Ball Game Altogether, Perhaps One Could Use The Triggers, Provided It Is A Fresh Series Or Atleast Beginning Of The Month.
Will Try & Post Something Tomorrow As To How One Could Use Options...If The Trigger Comes After The 15th Of The Month.
I Will Just Outline The Strategy....How To Go About It....But Will Be Difficult To Update For Individual Stocks.
One Thing To Keep In Mind Is S/Ls For Options Are Different, As A Thumb Rule If It Moves Against You, To The Next Strike Price Or Below...It Is Better To Exit The One You Already Hold.
To Illustrate It With An Example:
Let's Say You Have Bought A CALL Of RELIANCE Strike Of 2000 & In The Chain Of Options If The Next Lower Strike Is 1950 & If The Underlying Moves To 1950 Area Then One Should Ideally Close The CALL.
Also If Playing The Options After The 15th Of The Month, It Is Better To Play The Most Active, Which Should Normally Be ATM.
Happy & Safer Trading
SavantGarde
While Options Is A Different Ball Game Altogether, Perhaps One Could Use The Triggers, Provided It Is A Fresh Series Or Atleast Beginning Of The Month.
Will Try & Post Something Tomorrow As To How One Could Use Options...If The Trigger Comes After The 15th Of The Month.
I Will Just Outline The Strategy....How To Go About It....But Will Be Difficult To Update For Individual Stocks.
One Thing To Keep In Mind Is S/Ls For Options Are Different, As A Thumb Rule If It Moves Against You, To The Next Strike Price Or Below...It Is Better To Exit The One You Already Hold.
To Illustrate It With An Example:
Let's Say You Have Bought A CALL Of RELIANCE Strike Of 2000 & In The Chain Of Options If The Next Lower Strike Is 1950 & If The Underlying Moves To 1950 Area Then One Should Ideally Close The CALL.
Also If Playing The Options After The 15th Of The Month, It Is Better To Play The Most Active, Which Should Normally Be ATM.
Happy & Safer Trading
SavantGarde