Escape's Options Trading Diary - Phase 2

What are you preferred indicator to decide trade?

  • Total voters
    150
onlinegtrash

onlinegtrash

Well-Known Member
#301
#301
escape said:
Bough Nifty 12OCT2012 PE 5800 @ 118.05, SL 112.00, CMP 118.70
Click to expand...
Hey, you are almost taking my complement trades ;)
Code: 
08/10/2012 12:46:35 NIFTY12OCT5700PE SELL  <qty>   68.95/68.90    complete
08/10/2012 09:19:53 NIFTY12OCT5700PE BUY   <qty>   58.80/59.00    complete
That's my trade, I ve chosen to quit shorts because I feel already the milking is over!
am not saying market is going to disappoint your new PE position, but you missed the vega component i.e vega is cooling off now, so options price is slowly getting eroded
plus time decay is going to eat out your scalp profits the more time you hold after the big primary move is over! Anyways you are going to get a scalpers profit, enjoy! I might be wrong too ;)
 
T

TheDreamer

Well-Known Member
#302
#302
onlinegtrash said:
Hey, you are almost taking my complement trades ;)
Code: 
08/10/2012 12:46:35 NIFTY12OCT5700PE SELL  <qty>   68.95/68.90    complete
08/10/2012 09:19:53 NIFTY12OCT5700PE BUY   <qty>   58.80/59.00    complete
That's my trade, I ve chosen to quit shorts because I feel already the milking is over!
am not saying market is going to disappoint your new PE position, but you missed the vega component i.e vega is cooling off now, so options price is slowly getting eroded
plus time decay is going to eat out your scalp profits the more time you hold after the big primary move is over! Anyways you are going to get a scalpers profit, enjoy! I might be wrong too ;)
Click to expand...
Who knows! the correction may go upto 5650... I hope you have plan B,C,D,E ready as well... :D
 
1

14092012

Member
#304
#304
Hi,
OPT-NIFTY-25-Oct-2012-6000-CE I had bought at 25 I think, now averaged it to 15 (holding 6 lots). Worth holding (now LTP is around 8) or should I square off? In the meanwhile, bought 5700 put at 61 and squared off at 72. appreciate any input guys. thanks.
 
escape

escape

Well-Known Member
#305
#305
14092012 said:
Hi,
OPT-NIFTY-25-Oct-2012-6000-CE I had bought at 25 I think, now averaged it to 15 (holding 6 lots). Worth holding (now LTP is around 8) or should I square off? In the meanwhile, bought 5700 put at 61 and squared off at 72. appreciate any input guys. thanks.
Click to expand...
It seems correction already started. So better as you see some profit, square-off CE.

Personally I avoid averaging, for me it means you have already committed one mistake and to hide that you are doing second one. That's reason I always avoid averaging at least while in downfall. Have you ever though of averaging on upside move?
 
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