Escape's Options Trading Diary - Phase 2

[escape]

Bought 2 lots of Nifty 12OCT2012 PE 5800 @ 152.90

Exit @ 155, profit of 2.1 points, less brokerages.

 

[escape]

Bought 2 lots of Nifty 12OCT2012 PE 5800 @ 148.10, SL 144.10, CMP 147.75

 

[escape]

Bought 2 lots of Nifty 12OCT2012 PE 5800 @ 148.10, SL 144.10, CMP 147.75

SL triggered, but not hit as I have kept SL, instead of SL-M.

 

[escape]

SL triggered, but not hit as I have kept SL, instead of SL-M.

Thinking of keep these positions overnight.

 

[timepass]

Thinking of keep these positions overnight.

Don't do that. only 5-6 sessions for expiry, the options eat up premium very very fast.

 

[escape]

Don't do that. only 5-6 sessions for expiry, the options eat up premium very very fast.

Thank you brother for advise.

Squared-off all positions.

 

[TheDreamer]

Don't do that. only 5-6 sessions for expiry, the options eat up premium very very fast.

on the contrary, the 5800 pe is at discount if we consider the nifty value... so it could be a very good positional trade...

 

[timepass]

on the contrary, the 5800 pe is at discount if we consider the nifty value... so it could be a very good positional trade...

NF @5665, so the fair value of this scrip should be 135. But it only has 5 rs. premium - not much, when compared to the other options. So, what I meant is that even if the nifty opens flat to slightly negative, it may not make for a good trade unless it opens 15 pts down. Anything less than that and it is likely to lose value very fast. Meanwhile his capital is tied up.

 

[DanPickUp]

Dear Escape

http://www.traderji.com/trading-dia...ns-trading-diary-phase-2-a-47.html#post732974

If you want, we can discuss the questions in that post over the weekend. If you have any more questions or thoughts, post it, so we can analyze them.

Good trading

DanPickUp

 

[escape]

Dear Escape

http://www.traderji.com/trading-dia...ns-trading-diary-phase-2-a-47.html#post732974

If you want, we can discuss the questions in that post over the weekend. If you have any more questions or thoughts, post it, so we can analyze them.

Good trading

DanPickUp

Sure Dan, In fact I got few more question, I'm trying to add more question and will be putting it forward.