General Trading Chat

One could consider a long straddle. This will make you money if there is good amount of volatility on friday. If there is no big move, simply close the position.
i am not an option trader , please suggest best strikes , and qty should be equal right?


what about IV's ...........are IV high or low or normal?
 

Riskyman

Well-Known Member
i am not an option trader , please suggest best strikes , and qty should be equal right?


what about IV's ...........are IV high or low or normal?
Well, If I were to go with a long straddle, i would wait untill the last 10 mins. If Nifty closing likely at 7800 then I would buy ce/pe 7800 strikes. if closing towards 7900 then I would consider 7900.
Yes qty should be equal.

Obviously lower the IV the better. You will make money when the IV shoots up.

Note: I'm not suggesting that you should opt for along straddle. Taking the position is your headache. Above reply since you asked a question :)
 

amitrandive

Well-Known Member
please share exact strategy :lol:
i am not an option trader , please suggest best strikes , and qty should be equal right?


what about IV's ...........are IV high or low or normal?
what IV is better to take position .............i mean near what level. under 30 is ok? 7800 and 7900 calls and puts are under 30 IV

i am newbie for options , dont know much :(
If you are a newbie, do you want to gamble?
Options are highly leveraged and complex instruments,don't dabble into them without knowing,the basics.
 

kainiteh

Well-Known Member
ORDER FILLING AT 7900, DEMAND > SUPPLY,
BIG PIN BAR WILL FORM IN 5 MINUTE CHART [ NF SEP]
NOW DEMAND EXHAUSTED :annoyed:
 

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