@Healthraj
No problem with this, as long as MAX Pain is not used as the ONE and only thing to take decisions for any trades. Probably here some do hard with it and take it as the ONE thing. I am sure you use other tools and common sense to make up your mind about the market and not only the MAX Pain tool.
@Bapu
Sorry, but no party this time. The enemies (Time decay and market moves) have been to strong this time and did what ever they could to blame you. Guess you still enjoyed the ride of hope. Now you decided to go for the MAR 5900 put @ 12.15. What made up the mind to do so? One thing you have to be clear about: Buying far out of the money options (otm) is a business which leads most of the time to a loss in the long run. As market must move in the direction you wish (and this quit a few houndert points), and time is passing, you will face the same problems again. A cheap price not necessarily means a good price. Most buy those options because they think it is a cheap investment with high profit potential. But this is not the case, other wise we all only would buy such options and drive the biggest possible cars on the world. Probably you must change your mind set to an other kind of option trading like put and call spreads. This will limit your profit potential and it also limits your loss potential. Of course, this will be your decision and non of us can tell you what you may or may not can do. As you already choosed again the ride of hope, it is yours. Some times wishes become real and this most of the time by helping to make them real = Trade your options and not just hold and wait. See you around.
@SuperSayian
Well, looks this time you not made the "Super", even you used super words how great your idea seemed to be and how happy people will be. Never mind and as you told and learned by your self: Never fight the Tape, specially when only done on hope and pure speculation, as the details are not understood. What will be your next option trade you like to take to make you feel again to be on any ride which is related to trading?
No problem with this, as long as MAX Pain is not used as the ONE and only thing to take decisions for any trades. Probably here some do hard with it and take it as the ONE thing. I am sure you use other tools and common sense to make up your mind about the market and not only the MAX Pain tool.
@Bapu
Sorry, but no party this time. The enemies (Time decay and market moves) have been to strong this time and did what ever they could to blame you. Guess you still enjoyed the ride of hope. Now you decided to go for the MAR 5900 put @ 12.15. What made up the mind to do so? One thing you have to be clear about: Buying far out of the money options (otm) is a business which leads most of the time to a loss in the long run. As market must move in the direction you wish (and this quit a few houndert points), and time is passing, you will face the same problems again. A cheap price not necessarily means a good price. Most buy those options because they think it is a cheap investment with high profit potential. But this is not the case, other wise we all only would buy such options and drive the biggest possible cars on the world. Probably you must change your mind set to an other kind of option trading like put and call spreads. This will limit your profit potential and it also limits your loss potential. Of course, this will be your decision and non of us can tell you what you may or may not can do. As you already choosed again the ride of hope, it is yours. Some times wishes become real and this most of the time by helping to make them real = Trade your options and not just hold and wait. See you around.
@SuperSayian
Well, looks this time you not made the "Super", even you used super words how great your idea seemed to be and how happy people will be. Never mind and as you told and learned by your self: Never fight the Tape, specially when only done on hope and pure speculation, as the details are not understood. What will be your next option trade you like to take to make you feel again to be on any ride which is related to trading?
I would reply as follows,
1.The expiry was expected 6190-6210.
2.If that would happen I had a very good chance of earning.
3.Nifty was 300 points above the recent low of 5930 in my calculation it runs in multiple of 30,60,90 and so on.
4.200-300 points for in a week are nothing for nifty so tho it is OTM but of medium type and not deep OTM.
only I think I shud have waited for next monday to have a clear picture thats my mistake.
5.I work with very meager money and can't afford call and put at a time .
6.See on 1st there is nomoon day and generally market changes its trend every no moon and fullmoon .
But yes these are all not full proof like studying the Greeks and other things and then doing it.Well what i can do is can keep tracking OIs thats all,or the best I will sell it on friday,because near OTm demands call and put both other wise losses are bigger.
What Nifty can do will it cross 6350-60 (the earlier high) without any support of economy?Nothing has changed-Ya one thing is there Reliance -that can push the Nifty but thats in later half of march or even beyond that-not now.
Thanx every body for criticism,I know I am bad at options but I will learn it with your criticism.
Tx