General Trading Chat

[john302928]

I follow an options trader on social media.

oh ok. Which expiry contract is that?
I really wonder what made him to go long. Because yesterday EOD PE were strong and CE were weak. There was absolutely no reason to go long. The better timing to go long for quick profits is 2.45pm now. I would suggest you to be cautious when trading on Options. The moment you are wrong you are prone to wipe out your account. Just a friendly advice

 

[timepass]

I bought 25700 CE. who knows? FM press conference today and any overnight developments

As the things stand, it looks very iffy.

 

[Sidz]

oh ok. Which expiry contract is that?
I really wonder what made him to go long. Because yesterday EOD PE were strong and CE were weak. There was absolutely no reason to go long. The better timing to go long for quick profits is 2.45pm now. I would suggest you to be cautious when trading on Options. The moment you are wrong you are prone to wipe out your account. Just a friendly advice

There is every reason to go long in this week's expiry, because if FM declares any policies favoring banks, in the backdrop of Gujarat elections, you will tend to multiply the premium amount of that option within a day.

 

[vikas2131]

There is every reason to go long in this week's expiry, because if FM declares any policies favoring banks, in the backdrop of Gujarat elections, you will tend to multiply the premium amount of that option within a day.

while anything is possible.. i expect any announcement would be regarding GST.

 

[timepass]

What time is the press conference ?

 

[john302928]

oh ok. Which expiry contract is that?
I really wonder what made him to go long. Because yesterday EOD PE were strong and CE were weak. There was absolutely no reason to go long. The better timing to go long for quick profits is 2.45pm now. I would suggest you to be cautious when trading on Options. The moment you are wrong you are prone to wipe out your account. Just a friendly advice

I feel Below is the probable scenario for the market to proceed.200 point movement on upside is visible now.This is just my view. I could be wrong as well. I am just trying to reduce the probability of being wrong

 

[travi]

What time is the press conference ?

I think at 15:30

 

[Prataap_2013]

press conference on black money, demo, but .... hope is the quintessential human delusion.

 

[travi]

press conference on black money, demo, but .... hope is the quintessential human delusion.

Was there any substantial boosting statement in his conference ?

 

[timepass]

I heard it for 15-20 minutes till Q&A started. It seemed self-congratulatory and congress-derogatory, the usual stuff. Nothing earthshaking there, no announcements nor any statistics. A routine press conference. Don't think the markets will be affected by it tomorrow.