100% profit in 6 months...!

[Trader4242]

I have purchased 30 lots of 4600 put and 5000 call at a combined price of 80 today. I am hoping to job it down to 60-65 if we fail to break the range. Then i'll have to exit positions in a staggered manner so that my delta remains neutral. Its fun trading options if u can plan your trade and trade your plan.

He seems to be Long the straddle for a delta neutral strat :thumb:

This is true contrarian trading strat, to make it delta neutral we go on booking the profit portion as the price swings from one side to other capturing the volatility.

Can also do that using NF, but booking options as we go is a better way to conserve some theta (time value)

 

[AW10]

ahh sorry I gotta go to a dentist... do they fix eyes? anyways
I thought he said he sold 4600put and 5000call... sorry

Take care Vikas.. even if dentist treats the eyes (as they want money, they may not say no to your request) ..
Looking forward to see you back with brighter and wider smile..

 

[findvikas]

You are in a good position so hold onto it... I have seen Indian markets meeting both ETA & EPA in case of WW

ETA = Estimated time of arrival while EPA is Estimated Price at Arrival

and here is where they meet..

but I would not hesitate to book my shorts as soon as market touch down to the target line and then wait for it to unhook for some time and get aggressive long if that happen

 

[findvikas]

oh and to your surprise that touch down happen to be on 26th February... the budget day... they might end the correction on the budget day itself

 

[linkon7]

i am still holding shorts at 4895 what do you think market will go from here.

U amaze me... You pick the direction with pin point accuracy... only problem is u book out of too early...
all 4 days... you got the next day's direction perfectly

 

[findvikas]

Linkon can you not trade in FX ... with WW and that leverage you can make 100% in few days

see that was easy 110 pips... just closed my position... god is really great!!!

 

[findvikas]

Who need all those fancy indicators when WW can guide you perfectly

 

[linkon7]

Linkon can you not trade in FX ... with WW and that leverage you can make 100% in few days

see that was easy 110 pips... just closed my position... god is really great!!!

I think FX is not allowed / legal here. Some RBI guidelines issues. Dollar - Re pair is pathetic to trade it seems and thats the only pair we can trade legally...

Who need all those fancy indicators when WW can guide you perfectly

WW goes over my head... i never get it right. And i stopped trying...

I stopped looking at price charts even and just trade my indicator... less mind games when i dont look at the price moving up and down.. Results have definitely improved after i just concentrate on the indicator...

 

[findvikas]

It happened vice-versa to me... I tried so many indicators but they never worked so well. oh yeah WW works great in volatile market like FX and not so accurate at times in comparatively less volatile market

about the legality.. I worked around overall thing..
got a friend of mine open an account for me with his paypal account and gave me the details... I transfer the money in his Indian bank account and he does the same to his US FX Account.... reverse procedure to withdraw the money ... does that makes it legal ?

 

[rajputz]

I think FX is not allowed / legal here. Some RBI guidelines issues. Dollar - Re pair is pathetic to trade it seems and thats the only pair we can trade legally...





WW goes over my head... i never get it right. And i stopped trying...

I stopped looking at price charts even and just trade my indicator... less mind games when i dont look at the price moving up and down.. Results have definitely improved after i just concentrate on the indicator...

we can open account in other country on name of some one we know....but trust is must...