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

[linkon7]

It is in a confirmed down trend... but expecting a bounce to 1950-2000 now....!

 

[linkon7]

bot SBI call 1800 @ 50...

sl 1725...!

exited half at 66...!

balance now with sl at 1778...!

 

[linkon7]

bot 2500 call at 95
sold 2600 call at 53...

net outflow : 43 points...!

sl at 2492 for call... if hit...will exit put if i reach near BE...

 

[linkon7]

bot reliance 860 call and 860 put for 48...!

tgt either 910 or 810...!

logic :
price near one extreme...

either we break out from here... means range extension will force plenty of short liquidation giving it the bullish order flow... plus long term buyers will be buyers since it'll break out of a range...

or

this is a false BO... fresh longs will be forced to liquidate... bears will pounce and retest of moving avg... in search of buyers...!

exit strategy :

convert neutral positions to direction spreads on monday if direction is clear...!

 

[linkon7]

things dont look so good for reliance...!

waiting for 810 lvl now...!

time is not my friend here since i am on the buy side...!

8600 straddle was initiated at 48..now its at 38...!

 

[PGDIMES]

things dont look so good for reliance...!

waiting for 810 lvl now...!

time is not my friend here since i am on the buy side...!

8600 straddle was initiated at 48..now its at 38...!

After this almost bearish engulfing on daily charts, I won't be surprised if RIL opens gap down tomorrow. For me, it's a sell on every small intraday rally...

 

[linkon7]

shorted 820 put at 10.50
exited 860 call at 9.00

holding 860 put long from day before...!

not expecting major gains from this...just recovery of lost money and some pride...!

cmp of 860-820 put spread 20 points
my cost : 48-9 = 39-10 = 29 points,

 

[linkon7]

bot 5100 put oct and 5200 call oct fora total of 42...!

sl at 30... tgt 5040 or 5270...!

deadline is 2.00 Pm tomorrow...!

 

[linkon7]

bot 5100 put oct and 5200 call oct fora total of 42...!

sl at 30... tgt 5040 or 5270...!

deadline is 2.00 Pm tomorrow...!

Total now at 39...!

not expecting profit today...just hope my SL dont trigger...!

 

[linkon7]

bot 5100 put oct and 5200 call oct fora total of 42...!

sl at 30... tgt 5040 or 5270...!

deadline is 2.00 Pm tomorrow...!

exited the 5200 call leg at 12...!

bot 5100 call at 32...!

now it is again delta neutral...!

cost of 5100 straddle =

42 - 12 = 34 -1 (brokerage) + 32 = 67

cmp of 5100 straddle = 62...!