My Daily Options Trading Diary

[findvikas]

Today's positions...

Closed my 4600CE Short - taken at 165... closed at 175
Holding 4600PE at avg.. 90... SL is at 75... will see tomorrow.

30min chart will go positive if 4700 holds for first 1 hour tomorrow.. otherwise target 4600-4520

 

[MurAtt]

4750 to banta hai boss ....

 

[findvikas]

Highly unlikely... until 3pm the OI was around 5% in NIFTY while at closing it was just 1% even after increase in spot...

 

[gbiradar]

Don't you think if there is a gap up opening of say 30-40 points and it sustains that level then OI will shoot up again...

 

[gbiradar]

I would like to know more about
"Fibonacci Retracement" how do you use it?
Can it be used for short term?

 

[MurAtt]

Highly unlikely... until 3pm the OI was around 5% in NIFTY while at closing it was just 1% even after increase in spot...

So what ... SM can take a small hit on PEs compared to HUGE gains on CEs ...
Thats what happened in the downfall... same story can be repeated in this upmove which MAY extend all the way to 5170

 

[Shravan Reddy]

Aaj mushkil hai vikas bhai.Bulls ko ji lene do kuch din.But i have some online friends who trade in states and they are all pretty unanimous that S&P is headed to 980.But i wouldn`t short after so many days of fall theres bound to be a rebound.

Hi Aditya,
hope u did not go short today

 

[AlokTewari]

So what ... SM can take a small hit on PEs compared to HUGE gains on CEs ...
Thats what happened in the downfall... same story can be repeated in this upmove which MAY extend all the way to 5170

Hi
One up day & already dreaming of 5170 ? Looks like bull trap to me until we cross 4820. After 5 days of Niagara Fall some relief rally was on cards. Tomorrow most likely we will start in green but whether will manage to sustain that in afternoon is doubtful. Earning season is over so there are no good news coming from there. DOW unless crosses 10,000will keep playing hide & seek. For time being market is more suited for intraday play rather than thinking about 4400 or 5200.

 

[praveen taneja]

Taken Jan 5000 call at 107 for a tgt of 500+ lets see
ab ye chhod diya hai tujhpe chahe jahar de ya jaam de

call close at 134 still 364 less but good time left
1950 call of RIL taken at 39 around close at 59.95 good day for me:clap:
God is gr8888888888

 

[MurAtt]

Hi
One up day & already dreaming of 5170 ? Looks like bull trap to me until we cross 4820. After 5 days of Niagara Fall some relief rally was on cards. Tomorrow most likely we will start in green but whether will manage to sustain that in afternoon is doubtful. Earning season is over so there are no good news coming from there. DOW unless crosses 10,000will keep playing hide & seek. For time being market is more suited for intraday play rather than thinking about 4400 or 5200.

Not dreaming ...

Check this :

OI for CE
4500CE down 10%
4600CE down 23%
4700CE down 13.5%
4800CE down 10%
4900CE down 7%

OI for PE
4300PE up 21%
4400PE up 44%
4500PE up 30%
4600PE up 38%

Now wait for the range to change ...

4400 and 4500 PEs are 4 million plus OI whereas in the CEs, 4600, 4700 and 4800 are in 3million category ...

This is just Options .. let the market move up and see the shorters scurrying .. let it break 4750 and then 4820 and see the fun ....

This time round the sellers at higher levels could not find buyers ... all were scared .. once bitten twice shy ....
So they shorted .. shorted .. shorted and then everyone is following .. so now they will move the market up .. up .. up .. and all shorters will be scurrying like Rabbits in Headlights .. here and there ... and cover .. and this time at 5000 and 5100 no more pessimism .. buy at dips ... buy at dips .. and then see the fun of mkt going to 3900 and 3600 maybe too ...

How this conspiracy theory ....

And here's the kicker ... Every Tom Dick Harry and even full time traders too are not expecting markets to move above 4820 .. and market never does what everyone expects .... chalo enough of my rantings ...

PT bhai 865 me bechiyega ...