Day Trading Futures

[DataRam]

Hi Stock72, seeing you post after long gap. Hope you are doing outstanding as always.

Yes, I am also thinking so. 6200 and 6170 are the good supports.
One of them will arrest this current fall. I am expecting a rally again up to 6260-70 but above that can't say anything now. Everything is in hand of RRR....

In the pre policy speech RRR has hinted that he needs some more signals of inflation cooling down so maybe this statement is signifying that rate cut will have to wait.

If this happens then market may be in bad mood for this expiry. Lets see , as always difficult to predict .

 

[starscream]

Le bhai, ab pad gai thandak............. :annoyed:
I really don't understand why some people get Constipation over others profit... :annoyed:

Thanks for sharing . Didn't mean to say that you are saying lies. Just that most people keep discussing the truth about your trade so jus to end this and continue trading as a topic.

 

[Gandhar.]

Le bhai, ab pad gai thandak............. :annoyed:
I really don't understand why some people get Constipation over others profit... :annoyed:

Very hard to make money in this combo .. even if 100 point gap dwn .. because this is before expiry weekend ... there will be huge timedecay .. anyway best of luck to make money

min of 50-75 points profit will be there given nifty fut opens @ 6230-6200
i dont think it is less for two days of holiday
raamakant bro y u posted screenshot?
if they dont believe y should u care this brings out habbit of asking proof for ur trades

 

[ananths]

Le bhai, ab pad gai thandak............. :annoyed:
I really don't understand why some people get Constipation over others profit... :annoyed:

Hi Raamakant,

Just wanted to know, why all the positions are in red? Are all of them in loss as of now?
My terminal shows different color for the position in profit and loss. Is there any set up in your software?

P.S :- I'm not questioning your trade. So please don't take it in -ve :thumb:

 

[Somatung]

As confusion not stops about RAAMAKANT's strategy, is it possible to open a new thread which only will discuss his way of trading. The idea to trade options and futures the way he mentioned is a pro idea. It needs adjustment on a high knowledge level for Futures and options as well.

Not clear seems to be the way he is doing it or the way he is planing to do it. As he now has more puts compare to calls, he must be bearish. Being long over the weekend with options the way he is, is not necessarily the best to do.

As I have seen that mods can open new threads with such topics, like the new thread from Munde, which includes all the post's made about the topic in Sir TR thread, I am sure this is possible the same way for the trading strategy/idea from RAAMAKANT.

In this new thread, there discussion can go on how to improve that way of future and option trading and the thread owner of this thread here could further discuss his way of pure future trading. So the forum would have two clear defined threads about two absolute different ways of trading.

Just my two cents which would need the agreement from RAAMAKANT to be done the way shown, so the admin could act.

 

[bearish.bull]

Very hard to make money in this combo .. even if 100 point gap dwn .. because this is before expiry weekend ... there will be huge timedecay .. anyway best of luck to make money

What time decay has to do with ITM options? If nifty futures come to 6150, 6300PE will be near 150 and 6350PE will be near 200. If nifty futures recover to 6200, then they will decrease by 50-60 points. Time decay will eat only into premium and very little into the intrinsic value they carry.

 

[Smart_trade]

I have following options position in Nifty Jan .

1) Short 6300 call and put both with combined premium of Rs 90

2) Long 6200 put and 6400 call with combined premium of Rs 35

I was expecting the expiry around 6300 +/- 50 points. But now as the market has cracked, will be taking profits from 6300 calls sold and selling 50 % qty in 6100 calls to repair this position which is likely to make a loss of 35 points if kept till expiry.

Also short in Nifty Fut from over 6355 and here will sell 6200 puts to lock in the profits.Will book the profits if the market opens with a large gap down on Monday.

Smart_trade

 

[Somatung]

I have following options position in Nifty Jan .

1) Short 6300 call and put both with combined premium of Rs 90

2) Long 6200 put and 6400 call with combined premium of Rs 35

I was expecting the expiry around 6300 +/- 50 points. But now as the market has cracked, will be taking profits from 6300 calls sold and selling 50 % qty in 6100 calls to repair this position which is likely to make a loss of 35 points if kept till expiry.

Also short in Nifty Fut from over 6355 and here will sell 6200 puts to lock in the profits.Will book the profits if the market opens with a large gap down on Monday.

Smart_trade

Interesting. Combined premium through leg in or how was it implemented on the option side? If by leg in, what levels on the Nifty chart did you choose and why those levels? It looks to me like an Iron Butterfly. Very interesting.

Short the future since the absolute top of Nifty. Sir, very interesting, as I always thought you do only day trades and never over night future trades. Lots of adds you must have done to your starting position. So I guess you will not sell just one 6200 put. Even here it would be very interesting to see your point of view on any chart you can show and explain there why you took the risk to go short on the absolute top on those level.

 

[Smart_trade]

Interesting. Combined premium through leg in or how was it implemented on the option side? If by leg in, what levels on the Nifty chart did you choose and why those levels? It looks to me like an Iron Butterfly. Very interesting.

Short the future since the absolute top of Nifty. Sir, very interesting, as I always thought you do only day trades and never over night future trades. Lots of adds you must have done to your starting position. So I guess you will not sell just one 6200 put. Even here it would be very interesting to see your point of view on any chart you can show and explain there why you took the risk to go short on the absolute top on those level.

Options trade was not done by legging in...it was done at one time as the Reward for this trade was 55 points and the risk was 35 points.My view was slightly bearish to stable till expiry.

Futures short was not at the high point...it was 10-12 points below the high achieved on that day and it was taken because of failure to hold above the previous days high. I always keep some small portion of my day trades converted into a position trade.But it is a small position and took just 1 add as the market opened gap down the next day. So not having large short position.

Smart_trade

 

[Somatung]

Options trade was not done by legging in...it was done at one time as the Reward for this trade was 55 points and the risk was 35 points.My view was slightly bearish to stable till expiry.

Futures short was not at the high point...it was 10-12 points below the high achieved on that day and it was taken because of failure to hold above the previous days high. I always keep some small portion of my day trades converted into a position trade.But it is a small position and took just 1 add as the market opened gap down the next day. So not having large short position.

Smart_trade

Sir, thank you for this answer. As you say the Iron Butterfly was done at once and not by leg in, did you place a limit order for the whole Iron Butterfly with your broker or how was it done?