NIFTY Options Trading by RAJ

[Option.Trader]

6200 & 6300 pe having highest chgoi & 6100, 6300 unwinding, looks set for a breakout, combining with baba magic looking at sustainence above 6159 to go long

 

[healthraj]

The Trend has changed to UP side in 6 min and 30min charts. In the 60 minute charts the Trend is FLAT and Positive. Next Major Resistance would be around 6200. So it is Buy on Dips. Buy between 6115-6130 for Target of 6200.

The Pivot in 60 min chart (Trend line) has moved from 6115 to 6140 and NIFTY is trading around 6145 now. So I think the UP will start now. Target would be 6195 to 6200.

NIFTY is not moving UP. So have 6130 SPOT as the Stoploss for your Longs.

NIFTY made low of 6138 and Reversed. So the Stoploss of 6130 was not triggered. But as per the Hourly Trend charts the Top has shifted from 6200 to 6188. The Hourly Trend chart is still Negative and so it would be better to close the Longs around 6180-6188.

 

[healthraj]

Those who want to Trade the Pairs, Around 6185 SPOT, Sell the Pair 6100PE-6200CE - Premium now is around 97.

Those who want to Trade naked Options Can Buy 6150 PE for around 45 - Now Trading around 48

 

[healthraj]

Those who want to Trade the Pairs, Around 6185 SPOT, Sell the Pair 6100PE-6200CE - Premium now is around 97.

Those who want to Trade naked Options Can Buy 6150 PE for around 45 - Now Trading around 48

I did both. sold the Pair 6100PE-6200CE for 100
Bought 6150PE for 43

 

[whisky]

Those who want to Trade the Pairs, Around 6185 SPOT, Sell the Pair 6100PE-6200CE - Premium now is around 97.

I sold it for total premium of 100 but now total premium is 103. hold till expiry or what to do?

 

[Option.Trader]

6200 & 6300 pe having highest chgoi & 6100, 6300 unwinding, looks set for a breakout, combining with baba magic looking at sustainence above 6159 to go long

Looks like we have a breakout. Expecting retest of highs

 

[healthraj]

NIFTY made low of 6138 and Reversed. So the Stoploss of 6130 was not triggered. But as per the Hourly Trend charts the Top has shifted from 6200 to 6188. The Hourly Trend chart is still Negative and so it would be better to close the Longs around 6180-6188.

I sold it for total premium of 100 but now total premium is 103. hold till expiry or what to do?

Have a stoploss of 20 points. If the total Premium goes to say 120 then you can close the Position with loss. Otherwise play till you get 20/25 points profit.

 

[whisky]

Have a stoploss of 20 points. If the total Premium goes to say 120 then you can close the Position with loss. Otherwise play till you get 20/25 points profit.

Raj Bro, Equal Risk Reward 1:1 what's the logic of selling 100 points at 100 premium total, want to understand after market how you selected this pair, just want to get the logic.

 

[healthraj]

Raj Bro, Equal Risk Reward 1:1 what's the logic of selling 100 points at 100 premium total, want to understand after market how you selected this pair, just want to get the logic.

Two simple Rules...

1. In Case of NIFTY when Selling a Pair, I look for a Pair which has a combined premium of more than 95.
2. I have to Take a Direction anyways for Pair also. So selling Pair is not completely Risk Free. In the case of 6100-6200, Since my direction is Negative, I choose the CE with more premium than PE value. so when I sold the Pair 6100-6200 Pair 6200CE had around 70 and 6100PE had 30. If the market goes down 6200CE will loose faster than 6100PE.

 

[babumehta]

Two simple Rules...

1. In Case of NIFTY when Selling a Pair, I look for a Pair which has a combined premium of more than 95.
2. I have to Take a Direction anyways for Pair also. So selling Pair is not completely Risk Free. In the case of 6100-6200, Since my direction is Negative, I choose the CE with more premium than PE value. so when I sold the Pair 6100-6200 Pair 6200CE had around 70 and 6100PE had 30. If the market goes down 6200CE will loose faster than 6100PE.

Dear raj, on what basis did you select 6150 PE naked. based on you OI option chains. OAT is giving weak bear