Day Trading Stocks & Futures

[Shiv12345]

Oh no!! I should have waited for 10 more minutes ... It touched 21 a while ago ... Would have been huge money ... :-(

OMG!! Deja vu ... bach gaye re baba ... Sahi time pe nikal gaye ... adbhut avishvasniya expiry day ...

 

[Raj232]

OMG!! Deja vu ... bach gaye re baba ... Sahi time pe nikal gaye ... adbhut avishvasniya expiry day ...

Very risky day .. .. not sure what is happening.. closed the shorts also .. Europe opened green. will not take chance.

No bulls in market.. all went to the meadow to eat green grass

BankNifty is 25300 approx now. .. just 2 days ago it was 26000
Yesterday was eagerly awaiting 25,700 and 25,750 but BankNifty would hardly touch 25,800 and bounce off.
Today .. 25700 is a dream
after a long time 1 have seen that there is no support even at support levels

 

[SarangSood]

Most probably a volatile week coming ahead in banknifty. Exited my position before closing.

Was something wrong with this week. Could sense it. Still a mix bag for everyone. Gr8 fall at the end though.

 

[Raj232]

Was something wrong with this week. Could sense it. Still a mix bag for everyone. Gr8 fall at the end though.

Yes, I agree, every day was something not going the usual way, but not sure if it was showing somewhere in the vix or greeks ?

 

[SarangSood]

Yes, I agree, every day was something not going the usual way, but not sure if it was showing somewhere in the vix or greeks ?

I don't follow vix because it is highly manipulated. A fine example is surgical strike in sep'16 where there was no hint before. But was unusual like this only.

Because I'm neither a bull or bear all i try to understand is volatility. If you just look at greeks it will not tell. But if you compare the deep otm with atm options of this week bnf there is a whole lot of story.

 

[Raj232]

I don't follow vix because it is highly manipulated. A fine example is surgical strike in sep'16 where there was no hint before. But was unusual like this only.

Because I'm neither a bull or bear all i try to understand is volatility. If you just look at greeks it will not tell. But if you compare the deep otm with atm options of this week bnf there is a whole lot of story.

it will definitely come handy in future to detect such situations. As per what i saw:
OTM options were NOT highly priced in CALLS side last couple of days.
What was your observation with deep otm and atm ?

 

[SarangSood]

it will definitely come handy in future to detect such situations. As per what i saw:
OTM options were NOT highly priced in CALLS side last couple of days.
OTM puts I did not observe

Can't really comment on that because i only see cals and puts together (strangle). Seeing only one leg would interest delta players. Try sseing them together if you are interested in playing volatility because it saves a lot of energy by not speculating where the index will go and it also tells that a big move is around the corner.

 

[SarangSood]

Very interesting day till now. A lot of volatility in bnf and nf. Have taken reverse iron condor spread to combat the volatility.

 

[Shiv12345]

Very interesting day till now. A lot of volatility in bnf and nf. Have taken reverse iron condor spread to combat the volatility.

I have heard a lot about 'Condor Strategy' but never tried it. A lot of folks tell me that it's difficult to implement but still very safe and profitable.

 

[SarangSood]

I have heard a lot about 'Condor Strategy' but never tried it. A lot of folks tell me that it's difficult to implement but still very safe and profitable.

It's a good strategy in times of uncertainty. It's very profitable in gap openings. Also very flexible because it allows me to convert into a writing position if the market turns out to be dull.