@Bapu
You have mentioned this yesterday in the "Day Trading Futures" thread. Today Tata Steel closed at a level of 389.75. Which chart time frames did you look/consider before you made your buy decision? Ask this your self and answer it to your self.
If the chart not was the reason to buy your puts, then it may was this: Aha, it is cheap, (0.4) so I buy it. Investment is only 120.00 and I can make a fortune if market really falls. If this was the reason then you have done only half of your work. Why? You have to consider the option Greeks and not only the possible fall of the market. As Rockyrobust clearly told: A pure speculative trade and nothing else.
If Tata Steel should be at 299.00 (To become a tiny bit profitable) in 15 days, volatility in the market according to India Vix would need to rise at least 22% from today on. How many times did you experience such a rise in 15 days in the past in India Vix?
Nerveless: If you have in the coming 15 day some money with this absolute speculative trade, take the profit and that's it. Learn to trade in a way the figures/charts and other tools/odds start to be in your favor. If you are able to manage/learn this, then you will be able to survive in option and future trading in the long run. Good luck and be sure that your learning time not runs out of time and of money. I mean, you still can play your little games you did with this option trade, but never start to do it with bigger money until you are really deep in knowledge about what you do in trading. Guess you have deep knowledge in your job, so the same is requested here.
You have mentioned this yesterday in the "Day Trading Futures" thread. Today Tata Steel closed at a level of 389.75. Which chart time frames did you look/consider before you made your buy decision? Ask this your self and answer it to your self.
If the chart not was the reason to buy your puts, then it may was this: Aha, it is cheap, (0.4) so I buy it. Investment is only 120.00 and I can make a fortune if market really falls. If this was the reason then you have done only half of your work. Why? You have to consider the option Greeks and not only the possible fall of the market. As Rockyrobust clearly told: A pure speculative trade and nothing else.
If Tata Steel should be at 299.00 (To become a tiny bit profitable) in 15 days, volatility in the market according to India Vix would need to rise at least 22% from today on. How many times did you experience such a rise in 15 days in the past in India Vix?
Nerveless: If you have in the coming 15 day some money with this absolute speculative trade, take the profit and that's it. Learn to trade in a way the figures/charts and other tools/odds start to be in your favor. If you are able to manage/learn this, then you will be able to survive in option and future trading in the long run. Good luck and be sure that your learning time not runs out of time and of money. I mean, you still can play your little games you did with this option trade, but never start to do it with bigger money until you are really deep in knowledge about what you do in trading. Guess you have deep knowledge in your job, so the same is requested here.
Ya I have posted it there but that doesn't mean I can't post it here,I posted it so that it is readily answerable.I considered daily TF for it.The lot being 1000 shares it makes it 400 rs+ brokerge (100)=500/- if it was 120 I wud not have asked you.Secondly TISCO doesn't have to come to 299 for me earning money,I will be happy even if I get 50ps out of it and that I can surely get if it falls to 370 or so which it may tomoro,because scrips generally after result fall how good there result may be,it was 435 at 6350NF so comparatively also It seems over shot then NF at current,now it depends on operators how far they pull it lets see.Secondly Option greeks I know little and like most of the guys can't co-relate because in theory i think it is diff and in practice it astonishes one many times(You can show me if it follws exactly).Any way thanks for guiding.
GBU
P.S. I have seen your posts on Day trading future, so ya you might have seen my post there.