How to invest 40 lakhs in equity, FnO, commodities etc. Part 2

[SexyTrader]

Sir of course you are a very knowledgeable guy, but if you are looking of some live example - Here is me - Got crushed by roller in 2008 Jan - because i had sold many naked puts day before that fateful day. Of course, I was as stupid as anyone can be, and I was trading with icicidirect

ICICIdirect is not for SELLING options INTRADAY, but to buy and hold delivery ....and make money from them coz I guess they charge fees for holding in demat All banks do, coz most people who trade with banks like ICICI and others pay holding charges is what I know....

ICICIdirect is not designed for fast trades, its for people who wanna buy and hold forever and keep paying the demat holding charges for that!

 

[SexyTrader]

Hi ST
I have a few queries
1. How many lots you wrote
2. What was the gain per lot (excluding brokerage etc.).
3. How much margin money you paid/blocked per lot.
Thanks

I never reveal my lots coz Smart_Trade asked me not to state that...

but gain is 4.5 points off the trade is all that I will state, coz not everyone's RISK-APPETITE is the same as mine

 

[Macro Trader]

I'm realizing the JOYS of writing an option :thumb:

since i am an still new to options, can anybody expalin me, what r the advantages in selling an options intrday? eq: how is it profitable to sell an put , instead of buying an call intraday.

 

[a1b1trader]

I never reveal my lots coz Smart_Trade asked me not to state that...

but gain is 4.5 points off the trade is all that I will state, coz not everyone's RISK-APPETITE is the same as mine

That means you gained only 4.5 x 50 = 225 INR per lot by writing options, then what is special in it, I mean, with the risk involved. One can earn easily this much gain by buying options.

 

[SexyTrader]

That means you gained only 4.5 x 50 = 225 INR per lot by writing options, then what is special in it, I mean, with the risk involved. One can earn easily this much gain by buying options.

Hahahahahahahahhahahahhahahaha

Who SELLS one lot ? Not me for sure! But yet I will not state how many lots I sold/shorted coz Smart_Trade here advised me against stating it

Its not one lot for sure is all I can tell you....not even two or three or four or thousand ok ?

 

[SexyTrader]

Today....that is Wednesday

I will write/sell the 5700 Put INTRADAY when its the right price to short :thumb:

I will wait till it reaches the price for writing

I think this trade is going to fetch a LOT of points today Wednesday! :thumb:

 

[a1b1trader]

Hahahahahahahahhahahahhahahaha

Who SELLS one lot ? Not me for sure! But yet I will not state how many lots I sold/shorted coz Smart_Trade here advised me against stating it

Its not one lot for sure is all I can tell you....not even two or three or four or thousand ok ?

My friend,
I think you have not read or misread my post. Nowhere I have mentioned one lot, it is per lot. Moreover, I am not keen to know or concerned with the number of lots you wrote, I simply asked it for calculation purpose only, because one has to pay margin money for writing options, perhaps 26000 INR for overnight or 11000 INR for intraday per lot. (while in this much amount one can buy a lots of option lots)

My stress was on "you gained only 4.5 x 50 = 225 INR per lot by writing options, then what is special in it, I mean, with the risk involved. One can earn easily this much gain by buying options" and nothing else.

 

[SexyTrader]

My friend,
I think you have not read or misread my post. Nowhere I have mentioned one lot, it is per lot. Moreover, I am not keen to know or concerned with the number of lots you wrote, I simply asked it for calculation purpose only, because one has to pay margin money for writing options, perhaps 26000 INR for overnight or 11000 INR for intraday per lot. (while in this much amount one can buy a lots of option lots)

My stress was on "you gained only 4.5 x 50 = 225 INR per lot by writing options, then what is special in it, I mean, with the risk involved. One can earn easily this much gain by buying options" and nothing else.

Obviously INTRADAY.....now you can assess the per lot margin and lots being more than a thousand :thumb: I never hold SELL options positions overnight coz better to have profits INTRADAY than to lose it all next day is my funda

I may have misunderstood your question, if I did...I am sorry :thumb:

 

[SexyTrader]

Started writing/shorting the 5700 Put at the current price of 126.20 :thumb:now

And will profit-book INTRADAY at 117...

 

[SexyTrader]

Today I booked-profit in the 5700 Put writing at 117 :thumb:

Now no open positions....watching and waiting!