50% to 100%

[mvkarthik]

time-9.34
nifty -8414
look at CE8300 trade at -108 :lol::lol::lol::lol::lol:

Time-10.23
CE8300-trade at -128.55
nifty-8436

 

[VJAY]

VJAY,

Nifty at 8414
so actual premium of 8300 should be 8414-8300 = 114 + time value left today ie may be few points.
And service tax discount will start happening after 2.00PM.
But call trading at discount of 6 points at 108 :lol:

that time 8300CE trade at discount of 6 rs

Thanks jagan&karthik for your insights

 

[jagankris]

Today is expiry so please beware of the STT on ITM options.
The discount in options is due to hefty STT to be paid by ITM Option(buyers) holders.

http://zerodha.com/z-connect/queries/stock-and-fo-queries/stt-options-nse-bse-mcx-sx

 

[emoheal]

Thank you Thank you Thank you MV Karthik ......

Though I was bit skeptical to trade on the exipry day, I still looked at CHOI ....

Bought CE 8300 at 107.50

Target is 150 ..

Right now (at 10.58 am ) it is at 131 ...

moved my traling SL at 120 ......
thanks once again


Right now (

 

[emoheal]

Today is expiry so please beware of the STT on ITM options.
The discount in options is due to hefty STT to be paid by ITM Option(buyers) holders.

http://zerodha.com/z-connect/queries/stock-and-fo-queries/stt-options-nse-bse-mcx-sx

In that case is it advisable to close trade at 10-20% profits or wait for target of 50%???

 

[jagankris]

In that case is it advisable to close trade at 10-20% profits or wait for target of 50%???

Close the trade as per your system/rules.
But just make sure to close the trade else you will end up paying STT unnecessarily.

STT on normal option trades done on the exchange is 0.017% of the selling side of the premium value.

STT on BUY option positions that get exercised is 0.125% of the entire CONTRACT VALUE. - Here contract value refers to the Nifty SPOT and not just the premium of the options.

So to understand this better - say you buy Nifty 8400 CE at 25 rs and Nifty closes at 8455 - you will end paying 8455 * 0.125% = 10.56 Rs
(i.e 10.56 * 25 = 264 rs per lot as STT.)

So profit = 30 points but STT 10.56.

But had you closed the trade before STT wont be applicable.
Hope this is clear.

 

[amitrandive]

8400CE entered @ 26.8,exited @ 37.5.

8400 CE Reenter @ 41 ,exit @ 49.5

 

[Profittaker]

Bought 8400CE @ 33.80 and Sold @ 42.80 .

 

[mvkarthik]

today trade
8400 CE buy at-28
exit at-56

8300CE buy at -108
exit at-149

 

[mvkarthik]

MAXCHOI MAXOI -30/07/2015