Escape's Options Trading Diary - Phase 2

[escape]

Bought 2 lots of Nifty 12OCT2012 PE 5800 @ 106.75, SL 103.25, CMP 106.95

 

[escape]

Bought 2 lots of Nifty 12OCT2012 PE 5800 @ 106.75, SL 103.25, CMP 106.95

Exit @ 107.85, profit of 1.10 points, less brokerages.

 

[escape]

Bought 2 lots of Nifty 12OCT2012 CE 5600 @ 131.75,

Exited immediately as it is not showing being successful breakout.

Exit @ 132.00, profit of 0.25, less brokerages.

 

[escape]

Bhai sahab thoda options mein trade krna sikhaoge......Plz

Rockman, I'm still in learning phase, yet to learn lot before I can start teaching someone. Yet to reach my break-even point.

Waise aap bade khiladi ho, I'm silent reader of your thread, you are doing much better than me.

 

[escape]

Bought 2 lots of Nifty 12OCT2012 CE 5600 @ 133.75, SL 133.75, CMP 135

 

[escape]

Bought 2 lots of Nifty 12OCT2012 CE 5600 @ 133.75, SL 133.75, CMP 135

Again it seems there is no momentum.

Exit @ 133.95, profit of 0.20 points, less brokerages.

 

[escape]

Bought 2 lots of Nifty 12OCT2012 CE 5600 @ 137.75, SL 133.75, CMP 135.90

 

[TheDreamer]

Again it seems there is no momentum.

Exit @ 133.95, profit of 0.20 points, less brokerages.

Wait for proper direction before trading... at this point of the month, premium eating is the order of the day... most of the option writers are eating premium... so don't be in a hurry to press F1...

 

[escape]

Bought 2 lots of Nifty 12OCT2012 CE 5600 @ 137.75, SL 133.75, CMP 135.90

SL Hit @ 133.75, loss of 4.00 points, less brokerages

 

[escape]

bro,

Thank you so much, but
i have never ever traded options , i know trading very well but i have never traded options.

I just want to know CE and PE and the digit after that XXXX. Like this...

Brother let me quickly explain those:

1. CE/PE
These are two types of options namely CE (Call) and PE (Put).
CE stands for Call European, PE stands for Put European. Although In India, we follow American style, so we can trade any time until expiry.

2. Digit
It is strike rate/price series. In case of NIFTY Options, series differs by 100, so we have 5600, 5700, 5800, ... and so on series. This series are somewhat related with Derivative rate.