NIFTY Options trade : Why and what-if...

[sumeetsj]

Straddling : Looks tough but is easy once u get the hang :thumb:

 

[linkon7]

5541 is the stop loss for the 5500 put...
tgt 140... for the put...

 

[msa5678]

5541 is the stop loss for the 5500 put...
tgt 140... for the put...

My God...from 61 to 140 ....that
is what I call a royal target. Keep
it up Linkon.

 

[linkon7]

My God...from 61 to 140 ....that
is what I call a royal target. Keep
it up Linkon.

we need a close below the 5450 mark... for getting a higher tgt...

5355 is on the cards now....

ideally, near 5400...i should get my tgt of 140 for my puts...

 

[linkon7]

will convert the 5500 put to a 5500-5400 spread... at eod...!

 

[msa5678]

will convert the 5500 put to a 5500-5400 spread... at eod...!

Sorry, Sir.. But how to do the conversion...Pls expln.

 

[linkon7]

Sorry, Sir.. But how to do the conversion...Pls expln.

we are in profit in the 5500 put and to lock the profit... we short same qty of 5400 put.... hence reducing the effect of price moving back to 5504... our stop loss...

tomorrow, we can decide to cut either leg depending on how charts look.....

 

[msa5678]

we are in profit in the 5500 put and to lock the profit... we short same qty of 5400 put.... hence reducing the effect of price moving back to 5504... our stop loss...

tomorrow, we can decide to cut either leg depending on how charts look.....

Hats off to you...

Well Explained and at the right
time....Let me read the definition
once again to absorb completely..

 

[linkon7]

Hats off to you...

Well Explained and at the right
time....Let me read the definition
once again to absorb completely..

Aw10 has one of the most beautiful thread on spreads... go through that...

Learnt a lot from him... dig out all his old posts and if need be take a print out... awesome clarity of thought...

Best way to learn to trade options is by following such masters...

 

[linkon7]

finally climbed out of the hole i dug for myself...