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

[msa5678]

expectation was 5480 will break and all hell will break loose... we will see some momentum on down side since plenty of longs are trapped from friday...

But reaction to 5480 was too muted... even 5500 put didnt see its previous high when 5480 got broken. This means that not much can be expected today. EOD chart looks bearish but bears are all half asleep and lacks initiative at lower levels.

Hence to make delta neutral... we take 5500 call as hedge as tomorrow we can just exit the call or put as the new scenario presents itself....

As of now..disappointment continues... but we play our game and keep adjusting our positions so that incase we break this range tomorrow... we dont get surprised on either side...

Nicely Explained....Thanks once
again for being the Guiding Light.

 

[sumeetsj]

This is so true..

 

[linkon7]

sold 5400 put and 5600 call for 60 as support leg to 5500 straddle long... in case the non sense continues...!

 

[linkon7]

5478 remains trend decider of the day....

going to exit one leg depending on where we open

 

[linkon7]

exited 5500 put at 70...

 

[linkon7]

bot 5500 put back at 65...!

 

[linkon7]

crazy meter goes up a notch....

it want to go back to 5550 now...

 

[msa5678]

crazy meter goes up a notch....

it want to go back to 5550 now...

Good that we have the 5500CE
otherwise we would have missed
this upmove. Big Question is this
upmove sustainable.

 

[linkon7]

vix is down by 1.20....

not a good sign for my positions

 

[linkon7]

Good that we have the 5500CE
otherwise we would have missed
this upmove. Big Question is this
upmove sustainable.

we never know.... ! this market is hell bent on empting my last reserve of patience...! lets hope we come out of this range...! either side is fine as long as we come out,...!