General Trading Chat

[manish9300]

Another tuk tuk day very likely .....trading inside yesterdays afternoon range.....weekly bar range is 225 which around average weekly range....not expecting a big down from here this week ...save something happens in world markets.Would be looking for an upside break of yesterdays range high along with higher IV for in the money calls and rising OI in in the money puts.That would be a juicy reversal trade.

 

[vivektrader]

Another tuk tuk day very likely .....trading inside yesterdays afternoon range.....weekly bar range is 225 which around average weekly range....not expecting a big down from here this week ...save something happens in world markets.Would be looking for an upside break of yesterdays range high along with higher IV for in the money calls and rising OI in in the money puts.That would be a juicy reversal trade.

But at present the option chain analysis is pointing down isn't it? Although price is in yesterday's afternoon range.
7700CE iv 14.87
7800PE iv 17.56 difference is -2.69

 

[mudraatrader]

NF 7800 de do baba ji
abhi 7755 hai

 

[mudraatrader]

Yesterday was a bad day
Wifi was down whole day
Even data card borrowed from a friend didnt work

 

[mudraatrader]

BNF 16425 de do baba ji
abhi 16355 hai

 

[praveen taneja]

7600 de de babaray
Jai Ram JI KIray

 

[vikas2131]

Another tuk tuk day very likely .....trading inside yesterdays afternoon range.....weekly bar range is 225 which around average weekly range....not expecting a big down from here this week ...save something happens in world markets.Would be looking for an upside break of yesterdays range high along with higher IV for in the money calls and rising OI in in the money puts.That would be a juicy reversal trade.

this....swing long already in play..

 

[Smart_trade]

Yesterday was a bad day
Wifi was down whole day
Even data card borrowed from a friend didnt work

WiFi routers power supply stops working and needs to be changed...last week I changed it twice. And till earlier night it works and in the morning it is gone...dont understand how it happens...same prob with all ?? It has 12 V 1 A output rating.

ST

 

[manish9300]

But at present the option chain analysis is pointing down isn't it? Although price is in yesterday's afternoon range.
7700CE iv 14.87
7800PE iv 17.56 difference is -2.69

yes it does.....conditions given are for reversal trade if there is any.Its my observation that only first leg of a trend gives big moves which is a reversal on yesterday afternoon range or D/2 or H4 chart.In options one needs big swings to overcome time erosion.Alternatively one can do pullback trading with stoploss
at yesterday afternoon range extreme but be mindful of options bleeding due to time erosion in sideways market.I am speaking from the perspective of option buyers here.

Note: Please note that i use IV as leading and confirming indicator for reversal trades only.You may use it for trend trading also but be careful about sudden changes in IV.Also keep an eye on OI addition in in the money options.

 

[vivektrader]

Right, I would use option analysis in addition to probable entries as per IDF.
Bottom line for me is to use option analysis as an additional filter to define genuineness of impending breakout out or down.