NIFTY Options Trading by RAJ
- Thread starter healthraj
- Start date
- Tags nifty options chain raj oat
@Singlap
First: Did you not have a bearish plan and why not? If not, what have been your analyzes that you not had one? As you asked and not posted any thing about your plans/analyzes at the moment, it is my right to ask back.
Second: Did you follow the thread in the last few days? I would say: Yes, as you are a regular poster in this thread and more or less only in this thread. If so, then you must/should have seen/recognized this: The discussion went in the direction of not calling any way of option trading only correct or not correct. Question: What is/can/would be wrong to trade two different kind of simple strategies at the same time in the same market in the same direction? Answer: Nothing. Just know what you do. Even Sir Smart Trade and others trade some times at the same time two different strategies in the same market in the same direction. We can do this in different ways as there is again no only correct or only incorrect in trading.
Let me get a bit more clear: Instead to invest in three/six/nine and so on lots in one trade, I/you/who ever can implement/trade three/or what ever lots into the market with two/three different strategies even at the same time. Directional or non directional or with one derivative or with two derivative, no problem.
I/we/you even can/do/could start with three/six/nine and so on lots and then split it up into different strategies after the first profit. No problem. Again: Just know what you do and specially what you want. No rule for this, just knowledge. You can build up whole portfolios with this kind of trading by even using different series from different months. No limit to this. In option trading the universe is endless.
By the way: Stupid question from my side: Did you ever hear/think about this: I/you/we can play on each trade/strategy we implement a separate stop loss strategy. # Your risk appetite, your knowledge about options/futures and options strategies, your actual/current market knowledge/common sense, your ability to execute trades and follow your trading ideas in details and your understanding of money management are your decision makers. There is not much different to decide stop loss on two/or what ever lots in one trade or on one lot/or what ever in each strategy played. As simple as that. You define the rules by your self.
Finally: Your question has some authorization to a certain point, but there is a bit more behind this specific point. I guess your absolute most interest was to hear about some kind of special bearish plan from my side. What about when I tell you: There is non such thing. Answer to that question is given in the above section of the post #
First: Did you not have a bearish plan and why not? If not, what have been your analyzes that you not had one? As you asked and not posted any thing about your plans/analyzes at the moment, it is my right to ask back.
Second: Did you follow the thread in the last few days? I would say: Yes, as you are a regular poster in this thread and more or less only in this thread. If so, then you must/should have seen/recognized this: The discussion went in the direction of not calling any way of option trading only correct or not correct. Question: What is/can/would be wrong to trade two different kind of simple strategies at the same time in the same market in the same direction? Answer: Nothing. Just know what you do. Even Sir Smart Trade and others trade some times at the same time two different strategies in the same market in the same direction. We can do this in different ways as there is again no only correct or only incorrect in trading.
Let me get a bit more clear: Instead to invest in three/six/nine and so on lots in one trade, I/you/who ever can implement/trade three/or what ever lots into the market with two/three different strategies even at the same time. Directional or non directional or with one derivative or with two derivative, no problem.
I/we/you even can/do/could start with three/six/nine and so on lots and then split it up into different strategies after the first profit. No problem. Again: Just know what you do and specially what you want. No rule for this, just knowledge. You can build up whole portfolios with this kind of trading by even using different series from different months. No limit to this. In option trading the universe is endless.
By the way: Stupid question from my side: Did you ever hear/think about this: I/you/we can play on each trade/strategy we implement a separate stop loss strategy. # Your risk appetite, your knowledge about options/futures and options strategies, your actual/current market knowledge/common sense, your ability to execute trades and follow your trading ideas in details and your understanding of money management are your decision makers. There is not much different to decide stop loss on two/or what ever lots in one trade or on one lot/or what ever in each strategy played. As simple as that. You define the rules by your self.
Finally: Your question has some authorization to a certain point, but there is a bit more behind this specific point. I guess your absolute most interest was to hear about some kind of special bearish plan from my side. What about when I tell you: There is non such thing. Answer to that question is given in the above section of the post #
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Nifty @ 5993.00. I hedge now as in my opinion market has seen the deep for today:
Weekend hedges: Sold again a put to protect the short call over the weekend plus a protection for the long Mar put.
So sold 5900/Feb put @ 36.30 and sold 5650/Mar put at 27.00
- Now again a short strangle with the Feb series as short the 6050/Feb call and short the 5900/Feb put. Profit just today 14.85 with this position. Whole trade now 64 in plus. Over the weekend time decay.
- The long 6100/Mar put is now hedged with the short 5650/Mar put. Profit here 17 and over weekend time decay should play for me.
Total profit on those trades: 91 (Who is right and who is wrong
------------------------------
Tata Steel @ 361.15
Tata Steel put 300/Feb long @ 0.3 and IV @ 52.58
Trading log closed at 14:00. Now weekend and Nifty moves up after the double bottom.
Weekend hedges: Sold again a put to protect the short call over the weekend plus a protection for the long Mar put.
So sold 5900/Feb put @ 36.30 and sold 5650/Mar put at 27.00
- Now again a short strangle with the Feb series as short the 6050/Feb call and short the 5900/Feb put. Profit just today 14.85 with this position. Whole trade now 64 in plus. Over the weekend time decay.
- The long 6100/Mar put is now hedged with the short 5650/Mar put. Profit here 17 and over weekend time decay should play for me.
Total profit on those trades: 91 (Who is right and who is wrong
------------------------------
Tata Steel @ 361.15
Tata Steel put 300/Feb long @ 0.3 and IV @ 52.58
Trading log closed at 14:00. Now weekend and Nifty moves up after the double bottom.
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Had to open the trading log again as Nifty jumps up heavy.
Bought back sold 5900/Feb put @24 with a profit of 12.30
Bought back sold 6050/Feb call @65.00
Net profit on this shorts over the week still stays with 64.15 (102 - 65 + 12.30 + 14.85 = 64.15) But this trade is now definitely closed.
--------------------------------
Comments: Nifty made this quick heave up move to 6050. There is a small gap between 6012 and 6017. Could be closed coming week/Monday.
The long MAR 6100 put has now a loss of 12 and the short MAR 5650 put has a profit of 7. This makes a total loss of 5 in this position for this week.
After this quick heavy up move, the whole trading result for this week looks a bit different, as there is now a total final profit left of 59 (64 - 5 = 59) and no more 91. That's trading the way it is. Most important: In the two little positions (left one for the moment and will make new decisions on Monday), there is no loss overall which do/could/would make us feel bad over the weekend. Very important.
So if I not would have acted, the result would look very different and profit would be much lower. Profit on the naked short FEB call would be 33 minus the loss from the long MAR put of 12 = 21. But now the profit is 280% higher because of some action during the week.
-------------------------------
Our watch list:
Tata Steel actual @ 370.95
Tata Steel put 300/Feb long actual @ 0.15 with an IV @ 54.42
-----------------------------
As a general information: I will do this like I do now only for one week and that should be enough time to give an idea about what can be done with pure option trading. There are many other ways of trading/hedging, but let me stay with pure option trading. Enjoy your live, wife and your weekend. (By the way: Did you know that singles live on the same stress level like married once. So think about it)
Bought back sold 5900/Feb put @24 with a profit of 12.30
Bought back sold 6050/Feb call @65.00
Net profit on this shorts over the week still stays with 64.15 (102 - 65 + 12.30 + 14.85 = 64.15) But this trade is now definitely closed.
--------------------------------
Comments: Nifty made this quick heave up move to 6050. There is a small gap between 6012 and 6017. Could be closed coming week/Monday.
The long MAR 6100 put has now a loss of 12 and the short MAR 5650 put has a profit of 7. This makes a total loss of 5 in this position for this week.
After this quick heavy up move, the whole trading result for this week looks a bit different, as there is now a total final profit left of 59 (64 - 5 = 59) and no more 91. That's trading the way it is. Most important: In the two little positions (left one for the moment and will make new decisions on Monday), there is no loss overall which do/could/would make us feel bad over the weekend. Very important.
So if I not would have acted, the result would look very different and profit would be much lower. Profit on the naked short FEB call would be 33 minus the loss from the long MAR put of 12 = 21. But now the profit is 280% higher because of some action during the week.
-------------------------------
Our watch list:
Tata Steel actual @ 370.95
Tata Steel put 300/Feb long actual @ 0.15 with an IV @ 54.42
-----------------------------
As a general information: I will do this like I do now only for one week and that should be enough time to give an idea about what can be done with pure option trading. There are many other ways of trading/hedging, but let me stay with pure option trading. Enjoy your live, wife and your weekend. (By the way: Did you know that singles live on the same stress level like married once. So think about it)
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Sorry to post here .
But plz can ANYONE give me link where i can download data directly in excel .FOR FOLLOWING
Daily Volatility for currency ,
http://www.nse-india.com/products/co...omepage_cd.htm
Daily volatility For Cash
http://www.nseindia.com/products/con...ly_reports.htm
Daily Volatility For Future
http://www.nseindia.com/products/con...rchieve_fo.htm
How to fetch them directly in excel .Plz give link or excel sheet with automation where with data refresh we get it for that day .
But plz can ANYONE give me link where i can download data directly in excel .FOR FOLLOWING
Daily Volatility for currency ,
http://www.nse-india.com/products/co...omepage_cd.htm
Daily volatility For Cash
http://www.nseindia.com/products/con...ly_reports.htm
Daily Volatility For Future
http://www.nseindia.com/products/con...rchieve_fo.htm
How to fetch them directly in excel .Plz give link or excel sheet with automation where with data refresh we get it for that day .
This is a Excel function that I had written in my OAT Tool to fetch the FOVOLT file from NSEindia.com site.
See if you are able to understand
This will download the file for example the 14-FEB-2014 FOVOLT data
http://www.nseindia.com/archives/nsccl/volt/FOVOLT_14022014.csv to the sheet FOVOLT in my OAT tool.
If you have a .CSV file you can apply the same logic to download any .CSV from anywhere in the net to any excel sheet
See if you are able to understand
This will download the file for example the 14-FEB-2014 FOVOLT data
http://www.nseindia.com/archives/nsccl/volt/FOVOLT_14022014.csv to the sheet FOVOLT in my OAT tool.
If you have a .CSV file you can apply the same logic to download any .CSV from anywhere in the net to any excel sheet
Code:
'****************************************************************************
'**************************** FUNCTION TO GET THE NSE FUTURES VOLATILITY DATA
'****************************************************************************
Public Sub GetVolatilityDataFromNSEIndia()
Dim ws As Worksheet, strFile As String
Dim EndDate As Date
Dim wd As Long
Dim myQueryTable As QueryTable
On Error Resume Next
Dim qTable As QueryTable
For Each qTable In RAJMTP.Worksheets("FOVOLT").QueryTables
qTable.ResultRange.ClearContents
qTable.Delete
Next qTable
Set ws = RAJMTP.Worksheets("FOVOLT")
If (TimeSerial(Hour(Now), Minute(Now), Second(Now)) > TimeSerial(Hour(TimeValue("4:00:00 PM")), Minute(TimeValue("4:00:00 PM")), Second(TimeValue("4:00:00 PM")))) Then
EndDate = DateSerial(Year(Now), Month(Now), Day(Now))
Else
EndDate = DateSerial(Year(Now), Month(Now), Day(Now) - 1)
End If
wd = Weekday(EndDate)
If (wd = 7) Then
EndDate = DateSerial(Year(EndDate), Month(EndDate), Day(EndDate) - 1)
ElseIf (wd = 1) Then
EndDate = DateSerial(Year(EndDate), Month(EndDate), Day(EndDate) - 2)
End If
strFile = "http://www.nseindia.com/archives/nsccl/volt/FOVOLT_" & Format(EndDate, "ddmmYYYY") & ".csv"
Set myQueryTable = ws.QueryTables.Add(Connection:="TEXT;" & strFile, Destination:=ws.Range("A3"))
With myQueryTable
.Name = "FOVOLT"
.FieldNames = True
.RowNumbers = False
.RefreshStyle = xlOverwriteCells
.SavePassword = False
.SaveData = False
.AdjustColumnWidth = False
.RefreshPeriod = 0
.WebSelectionType = xlEntirePage
.WebFormatting = xlWebFormattingNone
.WebPreFormattedTextToColumns = True
.WebConsecutiveDelimitersAsOne = True
.WebSingleBlockTextImport = False
.WebDisableDateRecognition = False
.WebDisableRedirections = False
.TextFileParseType = xlDelimited
.TextFileCommaDelimiter = True
End With
myQueryTable.Refresh BackgroundQuery:=False
For Each qTable In RAJMTP.Worksheets("FOVOLT").QueryTables
qTable.Delete
Next qTable
End SubSimilar threads
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