NIFTY Options Trading by RAJ

[healthraj]

yeah raj is that chances of change in max pain in a month...
Like how many times it can change.
like last month in aug..max pain changed b/w 5500-5400-- last expired at 5409..making all calls above and below puts zero..

Raj can u share your modified OAT sheet.. for 50-50 strikes and mtp tool included in it. It will be great help.

I am still working on the new version. But from OptionsChain point of view there will not be any change because everything is working already in the version 1.1 and I am not planning any change to that.

The 50/100 strikes already explained in the thread.

I will need some time to upload the version 1.2.

The only major change I am making to version 1.2 is merging the MTP so that we get the Levels.
I am also planning to include the functionality so that we can see the levels for the other World indices like Hang Seng, FTSE, DJI etc...

 

[shiv2012]

Lets not forget the 3 gorillas in the room which can ruin the party-
1-US bombing Syria
2- FOMC meet-18th
3- Rajan's first monetary policy -20th

 

[Option.Trader]

Buy options, the assumption is that Nifty will break out of 5300-5500 range.
1st leg I took 5300 pe @75
2nd leg I took 5500ce @ 90 today
I got lucky that my put positions already reached my first exit and now I'm carrying free put options to Sept 18 event. But I guess it's a high risk trade for others to initiate now. Any thoughts to still make this workable for others?honestly I didn't expect put to double in a day, some luck

I think the strategy will be live today. I hope to go to Sept 18 event with free puts and calls. Some dumb luck to get both puts and calls to be doubled in 3 days. Let's see how I can maximize the free options.
- till 5700 I will be buyer in calls.
- every resistance after 5700 I will be buyer in puts

 

[healthraj]

MAX Pain shifted to 5600 today. The Intraday Pivot is at 5716, which could be the Target for today.

Even if there are any Selling opportunities, Do not attempt any Sell today.

As told yesterday, This is Technical pullback, which can go till 5800. The bottom for this Trend is 5320. So positional Options Traders should try and close their positions at 5320+250 = 5570. And Play for Another 250 points from 5570+250 = 5820 or 5320 Once again.

The VIX has dropped by around 8%. At 5570, Try executing the pair 5800CE and 5300PE, both of them are available at around 55. Buy when the VIX is around 26

 

[healthraj]

MAX Pain shifted to 5600 today. The Intraday Pivot is at 5716, which could be the Target for today.

Even if there are any Selling opportunities, Do not attempt any Sell today.

As told yesterday, This is Technical pullback, which can go till 5800. The bottom for this Trend is 5320. So positional Options Traders should try and close their positions at 5320+250 = 5570. And Play for Another 250 points from 5570+250 = 5820 or 5320 Once again.

The VIX has dropped by around 8%. At 5570, Try executing the pair 5800CE and 5300PE, both of them are available at around 55. Buy when the VIX is around 26

Market came to 5570 and bounced back.

 

[Option.Trader]

MAX Pain shifted to 5600 today. The Intraday Pivot is at 5716, which could be the Target for today.

6[/B]

Just to clarify, the intraday pivot of 5716 doesn't crop up in any way on the OAT tool, difficult to follow the pivots u mention as they don't show up in oat

 

[chintan786]

MAX Pain shifted to 5600 today. The Intraday Pivot is at 5716, which could be the Target for today.

Even if there are any Selling opportunities, Do not attempt any Sell today.

As told yesterday, This is Technical pullback, which can go till 5800. The bottom for this Trend is 5320. So positional Options Traders should try and close their positions at 5320+250 = 5570. And Play for Another 250 points from 5570+250 = 5820 or 5320 Once again.

The VIX has dropped by around 8%. At 5570, Try executing the pair 5800CE and 5300PE, both of them are available at around 55. Buy when the VIX is around 26

Thanks Raj,

This is what I have done:

Bought 5400 PE = 85
Bought 5800 CE = 54
Shorted 5100 PE = 37

wants to know ur thoughts if any.

 

[healthraj]

MAX Pain shifted to 5600 today. The Intraday Pivot is at 5716, which could be the Target for today.

Even if there are any Selling opportunities, Do not attempt any Sell today.

As told yesterday, This is Technical pullback, which can go till 5800. The bottom for this Trend is 5320. So positional Options Traders should try and close their positions at 5320+250 = 5570. And Play for Another 250 points from 5570+250 = 5820 or 5320 Once again.

The VIX has dropped by around 8%. At 5570, Try executing the pair 5800CE and 5300PE, both of them are available at around 55. Buy when the VIX is around 26

Closed the 5300 PE with 12 points profit and Hedged again with 5200PE @ 52. Closed 5300 PE it because I am expecting a Turn around @ 5570

So now carrying 5200 PE @ 52 and 5800CE @ 57.

 

[healthraj]

Just to clarify, the intraday pivot of 5716 doesn't crop up in any way on the OAT tool, difficult to follow the pivots u mention as they don't show up in oat

When I posted in the morning it was there, Hope when the MAX COI was at 5600-5800. Now the MAX COI is at 5500-5600

 

[healthraj]

Thanks Raj,

This is what I have done:

Bought 5400 PE = 85
Bought 5800 CE = 54
Shorted 5100 PE = 37

wants to know ur thoughts if any.

Instead of 5400 PE, I would suggest to go for 5200PE because it would that match the price of 5800CE @ 54. 5200 PE now available at 52. Normally do not put more premium in one leg. It should be more or less same. More so when we are expecting the market to Go UP. So close your 5400PEs and Buy 5200 PEs