General Trading Chat

[Rish]

Congrats Amit.....:thumb::thumb::thumb::thumb::thumb:

 

[indianbank]

Ha ha thats a great news...
Amit congratulations .....
Moderator of Indians best trading forum ... great Amit

 

[poniol]

Amit has been made a moderator of our forum.

ST

Ok...thanks for info.

 

[poniol]

Who is that Cassiopeia in Opentrade man?
He made profit of 29 crore in one day on 20th June!

 

[vagar11]

Who is that Cassiopeia in Opentrade man?
He made profit of 29 crore in one day on 20th June!

Are you following him?

Looks like he might have bought otm puts on thursday.

 

[poniol]

then those who were following him, must have made lakhs too if not crores

What I guess, he bought PE of Banknifty. But that day was not a big mover day of BNF. He might have risked huge on that day.
If he made Rs. 200 per lot of BNF then he would have to buy around 50,000 lots on that day.
This figure looks FISHY for me...Such huge lots can not be on a single strike. BNF hardly gets 100000 lots in a paticular strike.
There is a possibility of huge number of scalp transactions.
Is that much profit possible by selling options?
Perhaps not, Even if it is done by BO/CO, it will require a huge margin of crores. His capital is not such...
I am bit confused!

 

[Smart_trade]

If he has really made 29 Cr then great. But we cannot rely on Opentrade figures. They are wrong many times.

Smart_trade

 

[oi trader boi]

Sir,why a reputed broker like Zerodha spreading misleading figure?

 

[poniol]

Are you following him?

Looks like he might have bought otm puts on thursday.

No, not following.
But if you see his publisher page, it is certainly known that he earned from BNF Put only. Because just one trade of such kind and it came from BNF Puts.

 

[Smart_trade]

Sir,why a reputed broker like Zerodha spreading misleading figure?

They won't do it purposely to mislead.But as the Opentrade platform is still in development stage,there are few software bugs which ,when pointed out ,Zerodha fixes them.

Smart_trade