General Trading Chat

[amitrandive]

Posting image of HCLTech Call options.What is the difference between the LTP and Settlement price?
Spot HCltech closed at 1648 yesterday.
If I had a call of 1620 Strike price and I failed to square off yesterday,what will be my call value , will it be cash settled at 20 as per LTP or expire worthless?

St Sir and others

Can you please advise on this ?

 

[XRAY27]

What is NTD ?
Posting here as the other thread is read-only.

No trade day........

 

[Smart_trade]

St Sir and others

Can you please advise on this ?

Closing Price = Volume weighted Average Price for last 30 min on the expiry day.

LTP = Price at which the last trade takes place.

Stock Option is excercised at closing price of the stock in cash market...so If you have long 1620 calls and closing price is 1648 then you will get credit of 1648-1620 = Rs 28 * Qty . Brokerage/STT ,Taxes will be deducted.

This is as per my knowledge because from time the stock options have become European style no contract is excersised on me but earlier when they were American style, few times I was excercised.


Smart_trade

 

[cloudTrader]

sunnyRAJ....ur ID makes my mind work overtime !!..........

I think you will get .... Peace ... after all the over time .....

 

[lemondew]

What smart says is absolutely correct.just wish to add STT is high 0.125% of total turnover in case you fail to sell options till expiry.

http://www.nseindia.com/products/content/derivatives/equities/sec_tranc_tax.htm

Closing Price = Volume weighted Average Price for last 30 min on the expiry day.

LTP = Price at which the last trade takes place.

Stock Option is excercised at closing price of the stock in cash market...so If you have long 1620 calls and closing price is 1648 then you will get credit of 1648-1620 = Rs 28 * Qty . Brokerage/STT ,Taxes will be deducted.

This is as per my knowledge because from time the stock options have become European style no contract is excersised on me but earlier when they were American style, few times I was excercised.


Smart_trade

 

[lemondew]

Last 3 months been good. Thanks to traderji folks as well. Comments/threads here are helpful. People know but just reinforcing.

Aim to increase principal gradually in next 6 months.

 

[Sunnyraj]

 

[ptk]

Dear Smart_Trade,

I remember you had posted 3 names of mutual funds that you keep buying regularly. I tried to find that post of yours but I am not able to find it. I request you to guide me to that link, please.

You had also stated that you keep buying those funds when sensex tanks by more than 500 points. Can you elaborate more on this point please?For examples, suppose sensex is at 29000 and in a couple of days it falls to 28500. You will buy here.
When does your next buy come? It comes at a further fall of 500 points? I am a little confused here as to when do you decide to buy next?

Please clarify the above as well as the fund names.

Regards,
ptk

 

[VJAY]

All traders can sigup here and vote for this petition...
https://www.change.org/p/minister-o...-securities-and-derivatives-from-section-44ad

 

[Smart_trade]

Dear Smart_Trade,

I remember you had posted 3 names of mutual funds that you keep buying regularly. I tried to find that post of yours but I am not able to find it. I request you to guide me to that link, please.

You had also stated that you keep buying those funds when sensex tanks by more than 500 points. Can you elaborate more on this point please?For examples, suppose sensex is at 29000 and in a couple of days it falls to 28500. You will buy here.
When does your next buy come? It comes at a further fall of 500 points? I am a little confused here as to when do you decide to buy next?

Please clarify the above as well as the fund names.

Regards,
ptk

Dear ptk,

For Tax saving I invest in Reliance Tax Saver ( ELSS) Fund and HDFC Tax Saver.

For normal investments I invest in the following funds :

1) HDFC Midcap opportunities Fund,

2) Fraklin India Bluechip Fund

3) Birla Sunlife Top 100 fund

4) Birla Sunlife Long Term Advantage Fund

One can invest in any fund which has given more than 15-18 % CAGR for last 8-10 years.More time in the funds is much more effective than timing the investments in the fund.

I invest a fixed amount in mutual funds every month. Let us say it is X then when Sensex falls by 500 points, I buy 1/3 X , Then next day I will see if it falls further, if it does, I will invest another 1/3 X ......and so on till I finish X...then next lots buying in next month. Suppose the index does not fall during the month by 500 points , then invest full X amount on last day of the month. Wait for dips to buy for next months lots...so on and so forth....basically trying to buy in dips instead of buying on a fixed date ( as in SIP) ....

Smart_trade