NIFTY Options Trading by RAJ

[healthraj]

For Today NIFTY is Trading in the Range of 6180 SPOT to 6220 SPOT. So if the Range is broken then we might get 50 points on Either side.

The Breakout / Breakdown Range is narrowed to 6180-6205

 

[healthraj]

Today as per OAT COI and Volume the Call is

BUY 6200CE@ 77
SELL 6200PE @ 68

Reverse the positions when the NIFTY Shows signs of DOWN side

Book Partial Profit

6200CE Trading at 87
6200PE Trading at 62

The Trend is still on the UP side. Those who find it Risky to carry the Call can Close the positions. 6200CE Now @ 81. 6200PE@ 64 With Profit. Since we have Closed 50%, those who want to Trade for 6300 Can carry with Stoploss as cost

Close the Positions.

BUY 6200CE@ 77 - Closed at 82
SELL 6200PE @ 68 - Closed at 59

 

[anup]

Close the Positions.

BUY 6200CE@ 77 - Closed at 82
SELL 6200PE @ 68 - Closed at 59

Raj, What about your other thread on positional trading..We should track the position...

 

[healthraj]

OCT MAX OI at 6100-6300
NOV MAX OI at 5700-6200
DEC MAX OI at 4500-6500

Can we plan any Trades based on the above? The Long timers who have been trading options, Have you seen this kind of OI in the past?

In October can the market make high of 6300/6400. Expire around 6100.
November starts with Diwali Weekend. So possible take the market to 6200 again and then to 5700. Expire around 5900/6000.

In December take the market to high of 6500 and Start Selling from 6500 to 4500.

Summary - 6500 or 4500 could be on the cards from now.


So possible Positional Trades.

Take Short in Nov-13 Series when the market is around 6300 for Target of 5700
Take Long in Nov-13 Series When the market is around 5700 (Possible in Nov-13)
Take Long in Dec-13 When the market is around 6000 (in Nov-13)
Take Short in Dec-13 when the market is around 6500 (in Dec-13)

Looking at the NOV-13 and DEC-13 Volumes / OI, it seems to be a SELL on High.

NOTE: This is not for any Prediction but for just Discussion purpose because there might be a Once in Lifetime opportunity in DEC-13 To become a Millionaire

 

[drwriter]

OCT MAX OI at 6100-6300
NOV MAX OI at 5700-6200
DEC MAX OI at 4500-6500

Can we plan any Trades based on the above? The Long timers who have been trading options, Have you seen this kind of OI in the past?

In October can the market make high of 6300/6400. Expire around 6100.
November starts with Diwali Weekend. So possible take the market to 6200 again and then to 5700. Expire around 5900/6000.

In December take the market to high of 6500 and Start Selling from 6500 to 4500.

Summary - 6500 or 4500 could be on the cards from now.


So possible Positional Trades.

Take Short in Nov-13 Series when the market is around 6300 for Target of 5700
Take Long in Nov-13 Series When the market is around 5700 (Possible in Nov-13)
Take Long in Dec-13 When the market is around 6000 (in Nov-13)
Take Short in Dec-13 when the market is around 6500 (in Dec-13)

Looking at the NOV-13 and DEC-13 Volumes / OI, it seems to be a SELL on High.

NOTE: This is not for any Prediction but for just Discussion purpose because there might be a Once in Lifetime opportunity in DEC-13 To become a Millionaire

Hi healthraj,

While your prediction about current series may be relevant, but the december series max OI option range are for a different reason.They are all option box strategies which are created as a form of collateral financing long time back.You can also see the same type of financing in DEC 2014 series as well.

Regarding current series the IV is low on calls and puts and NIFTY movement might be range bound.

 

[healthraj]

Hi healthraj,

While your prediction about current series may be relevant, but the december series max OI option range are for a different reason.They are all option box strategies which are created as a form of collateral financing long time back.You can also see the same type of financing in DEC 2014 series as well.

Regarding current series the IV is low on calls and puts and NIFTY movement might be range bound.

Thanks. Understood for DEC-13. So how far can we plan the Positional Trades for NOV-13 based on NOV-13 OI.

 

[toocool]

Healthraj bro

I again saying to you, keep watching all months ce, pe of reliance....... It would explode on upside soon. Please share your data on reliance and trade too if possible :thumbup:

 

[drwriter]

Thanks. Understood for DEC-13. So how far can we plan the Positional Trades for NOV-13 based on NOV-13 OI.

Nov-13 is built up only by writers only to exploit the uptrend in current october series since october 3rd.If you want to really predict what will be the level for next series..see how many new contracts are written in 5700-6200 range from tommorrow onwards in NOV-13 at these low IV levels.

Most of the Nov option writers have already ate the premium and current positions are purely speculative ones which can be changed very quickly depending on trend.

 

[toocool]

reliance is in a tight range of 220 rs on a monthly chart .

this cannot last long. it has to breakout of this range sooner than later , i think it will break on upside only , target will be 1100+ minimum , and it also will start a new bull run in reliance in long term

 

[healthraj]

Healthraj bro

I again saying to you, keep watching all months ce, pe of reliance....... It would explode on upside soon. Please share your data on reliance and trade too if possible :thumbup:

reliance is in a tight range of 220 rs on a monthly chart .

this cannot last long. it has to breakout of this range sooner than later , i think it will break on upside only , target will be 1100+ minimum , and it also will start a new bull run in reliance in long term

For OCT-13 the RESISTANCE Seems to be at 900. But today Reliance was Trading above 900 and so the Next immediate Resistance would be at 920. The MAX Pain is at 880.

So for OCT-13, Short Trade can be Taken around 910-920 For target of 880 (MAX Pain)

For Nov-13 Trade, for the time being the OI is the same as OCT-13. But looking at the OI build up, 940 Seems to be the next Target. So if you get RELIANCE around 860-880, Buy for Target of 940.