NIFTY Options Trading by RAJ

[stock72]

you might be an experienced guy than me in trading ... but I am being a looser for long time that too when cases like this ---do or die.!!!!. Nowadays I never do this to avoid dying. now a days trading caption is 1:2 ( means the amount in bank for trading is twice the amount in trading account for trading on any given moment ..) and planned to maintain this ratio no-matter the capital shrinks are grow.

Premiums coming down in the last two days.

All the pairs 5300-6000, 5600-6100 which were trading around 120 have been brought down to our magic level of around 95-97. Hopefully there will not be more premium eating. I bought the pair at 118, then averaged to 112 and then today once again to 108. Now I have put all my money. So it is a Do or DIE situation for me. Let me see If I win or loose. I will be happy even If I breakeven

The Lesson is that I am buying Too early. So need to work on the Right time and Entry. May be I can use the INDIAVIX for Breakout

 

[gurjant]

Broke 5838

 

[Option.Trader]

Raj


What led me to check was the build of Puts by FII's.. they have been quietly accumulating puts since yesterday, and as usual all our clients have unwound all their shorts.. so just wondering if a pullback to 5700 is a possibility

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Not worth disturbing this beautiful thread with unwanted criticism
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[umash2000]

Hi Raj,

I am new here and appreciate your efforts in bringing out a strategy.
Am not an expert but my bit with respect to the pair trade.
1.Feel the spread chosen for pair is too big.5600-6100:500 Tweak on the spread.

2.Risk is high but return would be low on the existing one.

3.Gamma is fine but delta & IV is weak.This would be corrected if you tweak the spread.

would like option experts to give their views on this..

 

[healthraj]

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Not worth disturbing this beautiful thread with unwanted criticism
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I think you wanted to say something. Positive criticism should be fine

 

[healthraj]

Hi Raj,

I am new here and appreciate your efforts in bringing out a strategy.
Am not an expert but my bit with respect to the pair trade.
1.Feel the spread chosen for pair is too big.5600-6100:500 Tweak on the spread.

2.Risk is high but return would be low on the existing one.

3.Gamma is fine but delta & IV is weak.This would be corrected if you tweak the spread.

would like option experts to give their views on this..

Thanks Umash, But now it is late I think. So I will first try to exit at cost and then think of another strategy.

Plus there are 10 more days left in this expiry and a lot of Actions remain. Do not think market will continue sideways like there. I only need patience and confidence. So what I have done is the opposite of what you have said. Did not see your message before. I have exited the profitable leg in 5600PE. And I have taken the complete money and bought more positions in 5500PE and also added more positions in 6100CE. So now I am holding 5500-6100 Spread. Since the market has moved 800 points in this month, I think it will at least another 250 points on one side and I will make profit. Let us see

 

[Option.Trader]

I think you wanted to say something. Positive criticism should be fine

Not directed at the thread but towards a post.. didnt want to escalate where nobody benefits..

 

[healthraj]

Until the INDIA VIX breaks out of the 26-31 Range, no fresh trades for me. Enjoy Trading for others.

 

[healthraj]

I have heard about Bull Flag or Bear Flag. But in the last 3 days whatever it forms in NIFTY looks more like a Caterpillar. So it was better for me not to touch NIFTY today. Let the caterpillar become a butterfly then we can play with the butterfly :thumb:

 

[pictforu]

I have heard about Bull Flag or Bear Flag. But in the last 3 days whatever it forms in NIFTY looks more like a Caterpillar. So it was better for me not to touch NIFTY today. Let the caterpillar become a butterfly then we can play with the butterfly :thumb:

Raj

Are you holding your positions?