General Trading Chat

[lemondew]

Not entirely trending but gave good short scalps below support.

positional reversal failed to trigger over daily AMA band and it came down

 

[vikas2131]

smart da closed the swing trade ???

 

[arsh22g]

@oil traders, it looks like $31.30 was a support for WTI. Since it has broken that, can we expect more pain in next 20 odd mins? (based on your experience of how quickly oil moves)

 

[vikas2131]

@oil traders, it looks like $31.30 was a support for WTI. Since it has broken that, can we expect more pain in next 20 odd mins? (based on your experience of how quickly oil moves)

very quickly...very volatile ...

 

[Smart_trade]

Options trade Idea :

Buy X qty of 7400 puts and sell 2X qty of 7100 puts both of Feb series....this gives a trade with 28 points debit.

with 100 points profit, RR = over 3:1
200 points profit RR = over 6:1
300 points profit RR= over 9:1

The breakeven is 6800 ( plus initial debit points ) below which we will start making a loss...to hedge this, we can buy X qty of 6800 puts at 18...that fully hedges the trade but cost goes up by 18 so total cost comes to 46...

Traders should do the trade fully understanding the risk....beginners should do fully hedged trade.

Shared just to show how we can locate good trades in options.

Smart_trade

 

[simplebuthard]

@oil traders, it looks like $31.30 was a support for WTI. Since it has broken that, can we expect more pain in next 20 odd mins? (based on your experience of how quickly oil moves)

until our markets close, Oil will hold this support where it is now, so that our markets comfortably can close favouring bulls and not spoiling option premiums eaten.

 

[Fundootrader]

Expiry this series seems to be between 7400-7500 - so market makers will keep playing ping pong for now..

 

[TraderRavi]

hopefully on wednesday nifty will get huge gapdown taki operators ke expiry game ki aisi taisi ho jaye #@@@$##:annoyed:
7400 bhi nahi aaya.

 

[pareshR]

hopefully on wednesday nifty will get huge gapdown taki operators ke expiry game ki aisi taisi ho jaye #@@@$##:annoyed:
7400 bhi nahi aaya.

sath mai apun ki bhi :annoyed: :annoyed:

 

[arsh22g]

until our markets close, Oil will hold this support where it is now, so that our markets comfortably can close favouring bulls and not spoiling option premiums eaten.

Yeah, closed the shorts at 7433, opportunity loss of 10-12 points.