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

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linkon7

Well-Known Member
#31
feeling lucky...
bot myself a lottery ticket... 5300 put at 28.... sl at 5593...yesterday's high....!
exited 50% at 38...

sl still remains for remaining qty at 5593...
 

linkon7

Well-Known Member
#32
5400-5700 pair is now at 99....

tgt 150
 

linkon7

Well-Known Member
#33

today's tgt of 5485 is done...

5300 put is almost market-pays-me-to-take-risk trade now....

5400-5700 pair is in danger now...
since a move to 5480 to 5505 region will see erosion on 5400 leg while 5700 leg will remains dead...

A close below 5452 today will confirm next tgt of 5355-5307... need to make position delta neutral... 5700 call exit... enter 5500 call...

A close above the 5505 mark means i have to shift the delta marginally...means exit 5700 call and enter 5600 call...
 

linkon7

Well-Known Member
#34
5400-5700 pair is in danger now...
since a move to 5480 to 5505 region will see erosion on 5400 leg while 5700 leg will remains dead...
pair now at 92....
 

linkon7

Well-Known Member
#35
5400 put is gaining OI... up 17% now...
 

linkon7

Well-Known Member
#37
exited 50% of 5400-5700 pair at 103... sl for remaining at 83...trade is now a free trade....
 

linkon7

Well-Known Member
#38
So far positions held...

5400-5700 long strangle cost 83..sl at 83... cmp 101
5300 put long...cost 18... sl at 18... cmp 46
 

DanPickUp

Well-Known Member
#39
exited 50% at 38...

sl still remains for remaining qty at 5593...
Hi Linkon

Nice thread about some option strategies and trades. Strategies are strategies and they work in every market with some adjustments. Your 5300 put is not a lottery ticket. It is the right way to enter a trade on the opposite side for little money. Perfect for small accounts. Some times it works and some times market has other ideas. In this case, it is the perfect start for many follow up strategies. I only can say : Well done :thumb:

Would be nice to see your next steps in this trade, but this is a choice, you have to decide by your self. Some post such follow up trades and others do not like to show it.

DanPickUp
 

linkon7

Well-Known Member
#40
today's tgt of 5485 is done...

5300 put is almost market-pays-me-to-take-risk trade now....

5400-5700 pair is in danger now...
since a move to 5480 to 5505 region will see erosion on 5400 leg while 5700 leg will remains dead...

A close below 5452 today will confirm next tgt of 5355-5307... need to make position delta neutral... 5700 call exit... enter 5500 call...

A close above the 5505 mark means i have to shift the delta marginally...means exit 5700 call and enter 5600 call...
stupid me... forgot to make it delta neutral...! now paying the price...!
 
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