NIFTY Options Trading by RAJ

How do you use OAT tool?

  • For Intraday Naked Options trading

    Votes: 58 37.7%
  • For Intraday Pair trading of Options

    Votes: 27 17.5%
  • For Intraday Futures trading

    Votes: 18 11.7%
  • For Positional Naked Options trading

    Votes: 35 22.7%
  • For Positional Pair trading of options

    Votes: 29 18.8%
  • For Positional Futures trading

    Votes: 11 7.1%
  • To trade in Cash market

    Votes: 13 8.4%
  • Overall trading has improved with OAT

    Votes: 27 17.5%
  • Understanding of Options has improved with OAT

    Votes: 57 37.0%

  • Total voters
    154
  • Poll closed .
LT is trading near the MAX Pain. So below 960 it would be a SELL and above 960 it would be a BUY. Looking at the Price chart, It is a SELL at the Current Levels with Stoploss as 970 SPOT


Just sharing my View as per OAT 940pe has more COI n 960 was max pain so it was a buy above 960 ...

m new to option reading clear me if m wrong ...

Bcoz i went long on LT on the basis of chart n OAT sheet..
 
Carrying my Puts for Monday.
Lower breakout 6136.50 has been sustained now.

One may buy 6200 PE(Delta 0.53)/Short nifty futures.

Sell/Cover when Nifty Spot touches/goes below

TGT 1 = 6116.50(Confirm)
TGT 2 = 6096.50 (on Risk)


Disclosures: Bought 6200 PE 6 lots at 111.50
So the target was not met on Friday, but what made you carry the position.. i thought the strategy was only for day trades?
 

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