General Trading Chat

yan

Active Member
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 :)
Will go with oct series long straddle ,it should be best for friday opening :thumb:
 

Dax Devil

Well-Known Member
7950-55 spot was end of the rope for the candle seemingly, which I doubt would have reached in the last minutes. Actually there was a tiny little 'hidden' high around 7900-10 that I hoped would be kissed due to weighted avg squeeze in the last 5 min.
Anyway we'll see how it pans out tomorrow. :)
Riskyman, 7910 spot took day and half to come out of the hiding, did it not? :D
 

Similar threads