My Daily Options Trading Diary

[trade4putuval]

Re: My Daily Options Trading Diary - Stock Specific query here.

Hi Vikas,

I never knew that you would be assisting others with queries on specific stocks. But when i saw your answers on ACC, I thought to take the privilege of asking you about one particular stock, Voltamp.

I have been following this stock since 3 months and could not trade because it behaves in a strange manner on some days, moving between 700 and 900. It had support near 700. I am thinking about investing in this stock. Can you tell me if this is the current time to buy or if 700 should be awaited before investing in this stock? Also, a chart support will be very helpful. Thanks in advance!

Also, I have become a very big fan of yours on option trading.:thumb: I have started trading based on your comments from last Friday.Hope you can guide all of us in the right direction this week too. I am however very positive, but this is market, you never know.

Let us hope for the best and stay positive.

Regards,
Rajiv

 

[eYogi]

I think u can hold ur shorts until we cross 4860 decisively...

Thank you, well appriciate your feedback

 

[eYogi]

You had a good opportunity on friday to sell it near 77 .. now you have to wait till monday. personally I am in favor of bears but you need to have a SL.. if you have just 1 lot then you can take little risk and average it when spot is around 4820 but book it if spot cross and sustain 4850

little risky so think twice before doing this.

Ya Vikas,

I missed it as my avg that time was 72 and i didn't seen it came above that... but by the time I realized it was too late.. then i avg it to 68. thanks for your feedback

 

[aditya14]

Minor Gap up tomorrow but i see Nifty not breaching 4900 this week.Upside capped downside is huge PE4400 has buildup even and 4900CE has huge OI buildup.

 

[findvikas]

Re: My Daily Options Trading Diary - Stock Specific query here.

Hi Vikas,

I never knew that you would be assisting others with queries on specific stocks. But when i saw your answers on ACC, I thought to take the privilege of asking you about one particular stock, Voltamp.

I have been following this stock since 3 months and could not trade because it behaves in a strange manner on some days, moving between 700 and 900. It had support near 700. I am thinking about investing in this stock. Can you tell me if this is the current time to buy or if 700 should be awaited before investing in this stock? Also, a chart support will be very helpful. Thanks in advance!

Also, I have become a very big fan of yours on option trading.:thumb: I have started trading based on your comments from last Friday.Hope you can guide all of us in the right direction this week too. I am however very positive, but this is market, you never know.

Let us hope for the best and stay positive.

Regards,
Rajiv

I personally never tracked this stock..any specific reason to invest in this stock.. ? looks quite expensive to me. Chart has always given fuzzy reading in this counter and no such major up/down moves in this counter but it is underperforming the broader indices.

per my reading 21,34w MA for past 3 yrs its turning negative like all the major stocks and if it opens below 795 then it can slide all the way to 690-500... only major support available is at 500 below 690... and that could be a better level to buy in for long term investment.

If you open shorts, then keep 795 as quit point.. hope that helps

 

[findvikas]

Nifty made past two weeks trading below 13w MA (4819 & 4843)... and if the week open or trade below 4845 then it confirms the bear trend and a 13,21ma crossover will follow in the coming weeks which will take it back to 4300-sh levels.

Risk takers can buy 1 lot of 4800PE and forget target could be 400-500 by expiry...

 

[trade4putuval]

Re: My Daily Options Trading Diary - Stock Specific query here.

I personally never tracked this stock..any specific reason to invest in this stock.. ? looks quite expensive to me. Chart has always given fuzzy reading in this counter and no such major up/down moves in this counter but it is underperforming the broader indices.

The balance sheet says that the stock is poised for a target of 2K. This is from long term perspective.

Rajiv

 

[findvikas]

Dear vikas,

I am holding 4600 put at an avg rate of 67rs. Could you please advice me what I shoud do next week.

Average it now.

 

[trade4putuval]

Nifty made past two weeks trading below 13w MA (4819 & 4843)... and if the week open or trade below 4845 then it confirms the bear trend and a 13,21ma crossover will follow in the coming weeks which will take it back to 4300-sh levels.

Risk takers can buy 1 lot of 4800PE and forget target could be 400-500 by expiry...

Brought 1 4800 PE @ 108.05, let me know if I need to get out.

Rajiv

 

[findvikas]

Not yet... market is weak internally... although the breadth is good.. but see the numbers. Asia is trading much higher and US closed good even after a bad news.. which could be a bull trap for asian markets. A good volume is coming from sellers .. hold it now I will tell you the directions in couple of minutes...