My Daily Options Trading Diary

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Flock

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Dear Vijay,

I have not used their web based software, but suggest you avoid that especially if you are doing intraday. The difference is only Rs. 200 per month anyways.

In ODIN order execution is instantaneous almost always. A four or five second delay comes very rarely. Once in 6 months maybe there were one or two problems of order staying in Xmitted state for some time. Main problem is only in the quote server which keeps disconnecting, but you just have to do broadcast server reconnect to restart it. Orders go through even if broadcast server is disconnected. So trade wise no major issues. Quotes wise and charting wise like I said before ODIN is no good. Backoffice and accounts is perfect. Till now not even one issue and contract notes are emailed at the end of the day or can be downloaded from back office.
 

findvikas

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can you track the brokerage for the intraday as soon as order is executed? Kotak is little confusing in terms of brokerage.. and I heard you can import the trade history from ODIN to other portfolio mgmt tools.. like Investar and others... true? one more thing they ask to have HDFC bank account... how fast is the payout? the girl told me its T+2 days... that sounds unfair as they could do payout at the same day after calculating the margin & other settlements... is it really T+2 days for payouts?
 

Flock

Well-Known Member
We can use a simple xl sheet to calculate everything. That is what I do. Keep it open and enter the trades into it as it happens. You can export the trades, but I have never used it so cant say anything about it.

Yes having HDFC bank account is essential. Only then will you be able to pay in margins and use it right away (you have to give them a call to provide the limit right away) or next day it is available anyway. Pay out: their commited time is 2 working days, and it usually happens that way, some times you get it next day.
 

DanPickUp

Well-Known Member
Hy AW10

Have some time to read your coments and other ones in this thread. I am at the moment in : http://www.wuerzburg.de/en/index.html

You wrote :

In my trading, I buy OTM options and let them expire worthless (like today my 5200/5300 calls have gone worthless).. but they were there to protect my 5100/5000 Short Calls against that paid lot more.

My comment to that :

In the USA they are called the " Wings ".

They are used, as you do and this wings are the insurance for certain trades. Some pros have an ecatly system, when to buy them and you can see that, when you follow the daily OI from the options.

If you suddenly see a big new OI by an option, keep an eye on it and look, where the market moves in the short time future. Check the Stdv from the last deep to the moment, they came in.

AW10, I do not know, how much you know. You know a lot and if this information improved your knowledge, I am happy for that.

On the other hand, it surely helps other traders to improve.

Regards and take care

DanPickUp
 

AW10

Well-Known Member
Thanks Dan for letting me know the term WING as they refer to this.
I was aware of Broken Wing Butterfly .. but did not know the name for the approach that I was using.
As u know, I am more bothered with the usage/benefit of the option strategy combination then the name.. so never bothered to search it.

Hey, Wie ist Wurzburg Kassel? Are u also visiting to Nuernberg ?

Have fun.
 

DanPickUp

Well-Known Member
Hy AW10

Have been in Nurnberg a long time ago. Wurzburg is small nice city. Next stopp will be Stuttgart and after that I will stay for a while in Munich.

There I will have some time to join the forum again.

Wish you a good time and good trading

DanPickUp
 
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