Escape's Options Trading Diary - Phase 2

[escape]

Same here escape bro. I am holding 5700CE. Not able to square it off today due to NSE NOW problem.

I have to became ready to suffer a huge loss tomorrow.

Brother, I'm holding PE 5800, so we are in opposite direction.
Any prediction for tomorrow, Dow is 15 points down now.

 

[soft_trader]

Brother, I'm holding PE 5800, so we are in opposite direction.
Any prediction for tomorrow, Dow is 15 points down now.

I think you will get a good profit tomorrow.

I was not willing to carry over the position overnight. Whenever I was entering the sell order to squareoff error coming was "user_target not logged in". Restarted NSE now 2 times but no solution. There was no time to call my broker as it was hardly half a minute left for closing. My 5700CE may get reduced by 50% tomorrow morning.

 

[escape]

I think you will get a good profit tomorrow.

I was not willing to carry over the position overnight. Whenever I was entering the sell order to squareoff error coming was "user_target not logged in". Restarted NSE now 2 times but no solution. There was no time to call my broker as it was hardly half a minute left for closing. My 5700CE may get reduced by 50% tomorrow morning.

Let's see tomorrow morning. It is difficult to predict market correctly.

Hope "NOW" is working perfectly now.

You should have tried using web option using URL:
http://www.now-online.in

Is there any specific reason for your prediction?

 

[soft_trader]

Let's see tomorrow morning. It is difficult to predict market correctly.

Is there any specific reason for your prediction?

Yes NOW is ok now. But what the benefit when it won't work in market hours?

Yes there is. See the US market, Nasdaq heavily down (Because of Google) and DOW and S&P500 is also down.

 

[escape]

Yes NOW is ok now. But what the benefit when it won't work in market hours?

Yes there is. See the US market, Nasdaq heavily down (Because of Google) and DOW and S&P500 is also down.

Yes Google by mistake posted results 4 hour than it was planned. (It was supposed to be posted after Thursdays trading hours) and once result was out, it went down around 9% and seems it's trading was halted for some time. Not sure if it is resumed again.

 

[SexyTrader]

I feel tomorrow Markets should be holding for some time...for you to get out of that bad trade :thumb:

But one thing....selling options is pretty daunting, I find it very confusing and wild. I rather wait than sell an option The stress is not worth the profits! But during expiry this selling option funda is good in an easy way, hence I like that during expiry

 

[escape]

No end of day report today, as I have some open positions.

Closed open positions now.

 

[escape]

Bought 2 lots of Nifty 12OCT2012 CE 5600 @ 118.45

Squared-off at cost. No Profit/Loss, less brokerages.

 

[escape]

Bought 2 lots of Nifty 12OCT2012 PE 5800 @ 97.75, SL 91.45, CMP 97.90

 

[escape]

Bought 2 lots of Nifty 12OCT2012 PE 5800 @ 97.75, SL 91.45, CMP 97.90

Trailed SL hit @ 94.10, loss of 3.65, less brokerages.