My Daily Options Trading Diary

[aditya14]

I have purchased 1 lot nifty @114 CE 5100. How can I make profit from. I want advice.

Exit on Tuesday when market gives a small bounce back.I actually wrote the 5100 call at 124!!!!Small world eh....

So i guess as they say in market 1 makes money while other loses.Anyways expect a hit of 40-50% on monday but be brave and you may get ur level back by the end of this month IF nifty stays above 4900.Else ur position is screwed.

 

[findvikas]

If he wait till month end then even if nifty cross 5100... he won't get 114... so best advise would be... do you care if you get even part of your money? if the answer is yes then book your losses and wait for the right time to buy "IN THE MONEY" option... may be once nifty trade around 4950... buy 4900CE and hold till expiry.

 

[findvikas]

oh... BTW I am Nifty Short on Thursday... 4700PE @ 32

covered my puts 4 lots out of 5 at 40, still holding one
went long in single lot 5000CE at 142 and I am done with today's trading

EDIT: I thought I will quit the day with just 1 trade but it was a nice day for Nifty Options Traders and I decided to play some more

 

[findvikas]

what a day... covered my 5000CE at 156.3
went long in 4900PE at 79.2... covered it at 88

finally went positional long in BHARTIARTL 420CA at 12.3

 

[icon707]

Hi Vikas,
I asked 1 question regarding calculation of Projected day's high and low. I was replied for it but unfortunately I could not locate the reply. Could please tell me again, how to calculate it?

 

[findvikas]

I do not think anyone can predict that and if I ever said that I can then I must be drunk like fish by that time

Now days, I really do not care about day's high and lows to be very honest, these days I am trading using 3,8 SMA along with Slow Stoch chart setup.

3,8 SMA setup is good in the sense that it gives you small SL, Slow Stoch is good to confirm the 3,8 SMA crossing

 

[stockBond]

what a day... covered my 5000CE at 156.3
went long in 4900PE at 79.2... covered it at 88

finally went positional long in BHARTIARTL 420CA at 12.3

I too entered bharti 400 call today @ 20 Rs

 

[findvikas]

I wanted to go into 400 but then decided to enter 420 which is a soft resistance and can easily be taken off given that we have entire month ahead and their results were expected to be good... as Angel Broking predicted their net profit to go up beyond 23%... my target is 450 in SPOT and then 520 once 455 is taken off

 

[stockBond]

I wanted to go into 400 but then decided to enter 420 which is a soft resistance and can easily be taken off given that we have entire month ahead and their results were expected to be good... as Angel Broking predicted their net profit to go up beyond 23%... my target is 450 in SPOT and then 520 once 455 is taken off

man if it reaches 520 then 20 RS will turn 120 means 700% return

lottery

 

[findvikas]

man if it reaches 520 then 20 RS will turn 120 means 700% return

lottery

not in one month's time frame ... but who can rule out this kind of move.
Anyways.. options are always like that... today 400PA gave 350% return who bought it... but do not forget, it gave 350% loss to those who sold it..