Daily Tryst with Nifty

[Sunil]

I definitely don't mind anyone aswering...

Well, if you have a NR4 day right after a NR4 day then the second day would have to have a range narrower than the previous day (NR4-1) with the previous day being the narrowest for the past 4 and and the current (NR4-2) bring the fifth day would be a NR5 always. Atleast that's what it looks like to me... unless there is a statistical significance of 2 NR4 days as opposed to a NR5.

http://www.traderji.com/advanced-trading-strategies/29825-trading-nr7-setup-9.html#post325780

http://www.traderji.com/advanced-trading-strategies/29825-trading-nr7-setup-9.html#post325788

 

[WOD]

Thinking abot the 4400 straddle bought on friday, I had a thought coming in my mind.

I think complete budget speech will end only after 12 PM and after 12 drama will begin. So why didn't we put a stop loss order on both of the option at around 11 PM and reverse our trade on stop loss hit option. This way our loss on loosing trade will be limited; as well we could double our winning trade at descent point of time on B day.

Sunil & team, please comment on my strategy; as I am not experienced enough I can not think of possible drawbacks.

Thanks.

 

[lazytrader]

http://www.traderji.com/advanced-trading-strategies/29825-trading-nr7-setup-9.html#post325780

http://www.traderji.com/advanced-trading-strategies/29825-trading-nr7-setup-9.html#post325788

Thanks for the link. I'm going through the thread. Will continue discussion in that thread if required.

 

[Sunil]

Thinking abot the 4400 straddle bought on friday, I had a thought coming in my mind.

I think complete budget speech will end only after 12 PM and after 12 drama will begin. So why didn't we put a stop loss order on both of the option at around 11 PM and reverse our trade on stop loss hit option. This way our loss on loosing trade will be limited; as well we could double our winning trade at descent point of time on B day.

Sunil & team, please comment on my strategy; as I am not experienced enough I can not think of possible drawbacks.

Thanks.

http://www.traderji.com/trading-diary/30324-annual-tryst-nifty-union-budget.html#post331170

 

[Sunil]

rectangle target of 4440-60 (20pts) done

 

[arnav_rulz]

By 2nd options strategy for the Budget..

Buy 3900 Put @ 60
Sell 3 3700 Put @ 30 (90)

Buy 4700 Call @ 80
Sell 3 4900 Call @ 40 (120)

Received a total of 70 Points...

Ohk Closing my Calls Side Leg..

Brought back 3 4900 calls @ 14 (42)
Sold 4700 call @ 35

Total Money given = 7 points.. Earned 30 Points after brokerage..


Puts trading almost at the same prices..

 

[rajuwaste]

Nifty call prices fell dramatically while put prices are not raising that much.This indicates call/put writers are trying to squeeze money from those who bought call & put option for jackpot.But calls/puts were trading with highest premium because of several people were willing to buy both call & put. If the market is trding in the range for few days then further squeeze may happen.

 

[MurAtt]

True.

Also 4200 Puts increase in OI by 11% today and
4300 Calls increase in OI by 40% today

What does one make out from this? Ain't it looking funny -- strike price difference of 100 rs and OI increasing in both !!!

 

[rajuwaste]

True.

Also 4200 Puts increase in OI by 11% today and
4300 Calls increase in OI by 40% today

What does one make out from this? Ain't it looking funny -- strike price difference of 100 rs and OI increasing in both !!!

Reading hear and there I came to know that you are expecting 4200 it already achieved.I hope you earned handsome money :thumb:

 

[MurAtt]

he he -- still holding the puts but profit is offset by loss in 1 call IFCI which I was holding .... rather now in net minus ....

Studpidity --- thats it -- or u may call it Greed ........