Escape's Options Trading Diary - Phase 2

[NIFTY_TRADER]

The thing with holding is - time decay. Yes, the trend is up. But it's also true that everything is overbought and a correction is imminent. Now, we don't know when it will come, but come it will. So, while you are holding the shorts, your premium is getting eaten up. So if you can shave off 3-4 points intraday, it helps negate the time decay.

good morning

i need advice

i am holding 5700 put bought@60 cmp-40

i am on the wrong side of markets

should i average my position or wait or square off????

 

[escape]

good morning

i need advice

i am holding 5700 put bought@60 cmp-40

i am on the wrong side of markets

should i average my position or wait or square off????

I'm against averaging.

 

[Tharu]

good morning

i need advice

i am holding 5700 put bought@60 cmp-40

i am on the wrong side of markets

should i average my position or wait or square off????

I'm against averaging.

Me too.. Few points scalping in calls would do i hope..

 

[prakash2010]

Retail keep on shorting nifty.

Fii will squeeze the shorters and take the nifty to 6000 levels.:clapping:

Those who try to pick the top will be crushed like anything.

 

[14092012]

Me too.. Few points scalping in calls would do i hope..

would you recommend be buying that same put to make few bucks off it?

 

[Tharu]

would you recommend be buying that same put to make few bucks off it?

Puts again..?? No way.. As far as i know, This does not look like a steep rise and sudden fall like the one we had in Feb.. We have a well constructed upmove from 4800 with Higher highs and higher lows.. And now every dip is filled and shorts are covered faster.. If holding puts, try scalping calls..

 

[14092012]

Puts again..?? No way.. As far as i know, This does not look like a steep rise and sudden fall like the one we had in Feb.. We have a well constructed upmove from 4800 with Higher highs and higher lows.. And now every dip is filled and shorts are covered faster.. If holding puts, try scalping calls..

thank you. bought 5900CE at 50 in morning, it had gone up to 55, should've squared off. now it's LTP is 49.x. still learning!

 

[escape]

Bought Nifty 12OCT2012 PE 5800 @ 102.75

So I have 4 lots @ average price of 104.60, SL 94.60, CMP 104.20

Square-off all 4 lots @ 75.50, loss of 29.10 points, less brokerages.

 

[escape]

Bought 1 lot of Nifty 12OCT2012 CE 5700 @ 156.90

Exit @ 160.25, profit of 3.35 profit, less brokerages.

 

[timepass]

Square-off all 4 lots @ 75.50, loss of 29.10 points, less brokerages.

Buy it back for 71-72 if you get it.