Nifty Futures Trading Part 2 (Positional)

[praveen taneja]

Hi Guys Will be away for few days due to personal reasons so wont be posting, Have no position due to that, hope everyone else carries on the Torch here, thanks

Czar

Sir is everything all right...........

 

[dumdum20008]

I am holding 4200 puts in large number since yesterday morning,and then markets rallied combination of rkj's words almost sank my heart and trading account...
have a little hope now,after seeing bearish views in most threads.....else my account will be wiped out pretty soon...
Should have kept a stop loss but all the medication has made me think crazy....
can you guys advice me please...This is what i can see right now,though this is completely different from what i saw on the charts yesterday....plz advice

l2t instead of sympathy ( you know how crude are markets - its cut throat level playing field, no space for mercy/sympathy) i wish you and pray to god to cover your losses. I would like to share my real experiance, its not surprising but its crude true story of options.--

I was waiting for NSE to start FNO just because of knowing the theoritical fact that Option Writer earns initial premium. ( i had moughed up some papers and one option book for initial understanding at that time before FNO officially started.)
After few months of FNO launch and observing the new market environment, one day i call my broker to sell Nifty call option ( dont remember now, which level), but i shocked when he refused to do that even NSE has rule for writing option margins are same as future.

I went angry to broker ( actually sub-broker at that time) and asked about this, why he didn't placed my orders. He simply still refused saying "im not allowed by my head broker to do option writing for clients ". When i pinched him more, than he became a lill angry saying
" you are the teen of trading, why dont u understand if big playres/fiis/mrket makers allow lay public to earn money by wirting options then who will be the buyer of that ?"
I stumped with his words and returned back with a lesson--
" I have to grow enough in option trading to qualify as a smart option writer compareable to market standard."

time has changed/passed, now no hassel in Nifty Option (E) Writing by broker, but still he not allow Stock Option (A) writing without physical shares in my DP.
Now my average trade profile in 5 Nifty FNO trades is as
" 1 NF
1 Option Buy
3 Option Write "

Recently i was asking for option writing in Sharekhan ( in query for online account), they told me it is possible only when you have 2.5 lack minimum portfolio ( cash+ share) with them.( beside margin for writing)

Now you can see, how crude are big players with reserving the option writing.
they simply want you(we public) to buy and let them earn premium.

 

[orderflow13]

l
" 1 NF
1 Option Buy
3 Option Write "

Recently i was asking for option writing in Sharekhan ( in query for online account), they told me it is possible only when you have 2.5 lack minimum portfolio ( cash+ share) with them.( beside margin for writing)

Now you can see, how crude are big players with reserving the option writing.
they simply want you(we public) to buy and let them earn premium.

Hi dumdum,
interesting story, very true, i am also a option writer, but few times my writs are hedged by this way or that way, and few time i write naked options, but one advice came handy for me .. m not entitled to advice any one,you can say sharing few things..
whenever one writes options and earn money by the means of premium, you take out say 10% of money from your earned profit,and deposit that money in separate bank account.
The logic behind is that there is no strategy as full proof,no any thing will earn you 100 % success in stock market, but successful strategy assures at least 70% success ratio, so you bound to fall in 30% of time.
But if you are a option writer that 30% might hurt you very badly so at that time your saved money in bank account comes handy. I personally do it as a practice, n it helped me a lot
Alex

 

[Sunil]

NIFTY SPOT DAILY:

NIFTY SEPT FUT DAILY:

(unfilled gap at FUT 4371-4397)



OPTIONS DATA INDICATE 4200 AS SUPPORT AND 4400 AS RESISTANCE

 

[orderflow13]

sat da wake up ........ post your charts plzzzz..... linebaba ke darshan chahiye ...

 

[praveen taneja]

sunil sir can tomm gap up fill that gap??????????????

 

[columbus]

OPTIONS DATA INDICATE 4200 AS SUPPORT AND 4400 AS RESISTANCE

Market has become too volatile even 200 points in day is quite possible. In this context ,it is better to be prepared for the trading zone as 3900~4500 for next week.

 

[mitasatyajit]

 

[mitasatyajit]

Will take this position if nifty < deep maroon line

OR

Will take this position if nifty > deep maroon line

 

[mitasatyajit]

As Czar is in Holiday, His ideal position may be the above.