NIFTY Options Trading by RAJ

[SuperSaiyan]

Actually i just looked in graph and i saw
Major trend was down But on 17th FEb Trend had changed. and when it broke 6150 level Major trend was changed to positive damm we never saw that coming

 

[Somatung]

ty for words @Somatung

Well my hope and speculation resulted in 30% profit it hitted R.s 11 had turned R.s16

I have decided hence forward i will never carry forward option that is in loss .
Will cut option at 30% no matter whats so ever
Never try to average option.whats loss is lost forget it Tormorrow is new begining .


like said i never make same mistake twice

Well, in case you even made any profit by what you posted on those FEB 6000 put, then great to hear it. :clap::clapping: (This FEB 6000 put was on my watch list every day. Compared the price you posted all the time with the given price, even after you averaged the position

Your learning curve also seems to improve by the lines you posted in your above post. Nice to see and to hear it. Good luck and see you around.

 

[umash2000]

Thanks Umash2000. So this is what I was expecting, where I have something to learn. I don't use any indicators. Can you please explain the meaning of "Broad Trend was negative" and "Daily Trend Positive".

I understand the Daily Trend was positive. Can we say that Broad Trend is above Daily Trend, say for example Weekly Trend.

In other words Weekly Trend was negative and Daily, Hourly Trends were positive and NIFTY chose the Daily trend ??

Can we also say that If both the daily Trend and Broad Trend are in Either positive or negative then MAX/Option Pain will work?

By Broad trend I mean MACD signal above zero or below zero.If above zero its positive and below zero its negative.

By Daily trend i consider MACD histogram positivity or negativity..

Nov'13 expiry:Broad trend negative & Daily trend positive.Expiry at 6092 closer to Max option pain 6100.

Dec'13 expiry:Broad trend positive & Daily trend positive.Expiry at 6279 far away from Max option pain 6150.

Jan'14 expiry:Broad trend negative & Daily trend negative.Expiry at 6079 away from Max option pain 6150.

Feb'14 already indicated..

Thus,when trends both daily and broad trend are in same direction,expect move away from Max option pain and when they are different then closer to Max option pain.

Its not required it should happen only during expiry.One could see this happening during the series itself.Similarly,catching up game of 20ema with max option pain would be interesting.Decisive moves happen when they are closer and nifty often pauses for those points to come closer..

 

[healthraj]

1. Goto Sheet SODATA.
2. The Cells AP20, AP21 and AP22 contains the expiry for the next three months including the Current month. The dates are automatically calculated using a function
3. In AP20- Hardcode the value to 26-FEB-14
4. In AP21, enter the following formula without quotes "=GetExpiryDate(1,MONTH(AP20)+1,YEAR(AP20))"
5. In AP22, Copy AP21 and paste in AP22

For the population of Expiry Dates in OAT tool, we need to remove the hardcoding we did in FEB-14 because in FEB-14 we had the expiry on a Wednesday due to holiday.

1. Goto Sheet SODATA. 
2. The Cells AP20, AP21 and AP22 contains the expiry for the next three months including the Current month. The dates are automatically calculated using a function
3. In AP20- Enter the following formula without quotes"=GetExpiryDate(DAY(AO20),MONTH(AO20),YEAR(AO20))"
4. In AP21, enter the following formula without quotes "=GetExpiryDate(1,MONTH(AP20)+1,YEAR(AP20))"
5. In AP22, Copy AP21 and paste in AP22 or you should have the following formula without quotes "=GetExpiryDate(1,MONTH(AP21)+1,YEAR(AP21))"

In AP20 today you will see 27-FEB-14, From tomorrow onwards you should get the correct values in AP20, AP21, AP22.
People those who do not know excel, please take help from somebody who knows the excel..

 

[SuperSaiyan]

Your learning curve also seems to improve by the lines you posted in your above post. Nice to see and to hear it. Good luck and see you around.

Your Fav word is "ride of hope":clap: You think rest of world Trades on Buy and hope don;t you..
And you are the one smartest guy that does all right trades at all time huh is that so ?
Hope is a Good Thing . they say in my country Ummed pe duniya kayam hai
see ya around

 

[Somatung]

Your Fav word is "ride of hope":clap: You think rest of world Trades on Buy and hope don;t you..
And you are the one smartest guy that does all right trades at all time huh is that so ?
Hope is a Good Thing . they say in my country Ummed pe duniya kayam hai
see ya around

Man, relax and enjoy the day.

 

[Option.Trader]

By Broad trend I mean MACD signal above zero or below zero.If above zero its positive and below zero its negative.

By Daily trend i consider MACD histogram positivity or negativity..

Nov'13 expiry:Broad trend negative & Daily trend positive.Expiry at 6092 closer to Max option pain 6100.

Dec'13 expiry:Broad trend positive & Daily trend positive.Expiry at 6279 far away from Max option pain 6150.

Jan'14 expiry:Broad trend negative & Daily trend negative.Expiry at 6079 away from Max option pain 6150.

Feb'14 already indicated..

Thus,when trends both daily and broad trend are in same direction,expect move away from Max option pain and when they are different then closer to Max option pain.

Its not required it should happen only during expiry.One could see this happening during the series itself.Similarly,catching up game of 20ema with max option pain would be interesting.Decisive moves happen when they are closer and nifty often pauses for those points to come closer..

What were your observations with 20EMA and Max Pain.. did it act as a support or resistance depending on Daily and Broad trend?

 

[umash2000]

What were your observations with 20EMA and Max Pain.. did it act as a support or resistance depending on Daily and Broad trend?

Recent one is when nifty was stuck in a range of 5933-6100 from 31-jan-14 to 17-feb-14.Max option pain was stationery at 6100 throughout.20ema which was at 6205 moved all the way to 6099 on 17-feb14.18th feb nifty decided to move up beyond the option pain point.

This kind of move could happen either direction.This seems to be relevant when nifty is expected to cross Max option pain on the upper side or on the downside..

Present situation is Max option pain is at 6200 & 20ema is at 6136.Nifty might not break 6200 immediately till 20ema point reaches 6200.Have to wait and see..

 

[Option.Trader]

Recent one is when nifty was stuck in a range of 5933-6100 from 31-jan-14 to 17-feb-14.Max option pain was stationery at 6100 throughout.20ema which was at 6205 moved all the way to 6099 on 17-feb14.18th feb nifty decided to move up beyond the option pain point.

This kind of move could happen either direction.This seems to be relevant when nifty is expected to cross Max option pain on the upper side or on the downside..

Present situation is Max option pain is at 6200 & 20ema is at 6136.Nifty might not break 6200 immediately till 20ema point reaches 6200.Have to wait and see..

Interesting, looks like when nifty's weighted average at 20(roughly one months trading range) forces option writer decision

 

[stock72]

our mind and thoughts behave very differently when we are in profit and in loss.
at the initial stage we used to stay long in loss and exit the profit quickly.

now i can able to stay longer in profit but still failed to exit quickly when in loss. need to find some mechanism to achieve this. since when the position in loss our mind got hijacked by that position status and we almost became like drunken guys and just move on throwing all our MM , stop loss etc in air.
.

ty for words @Somatung

specially when only done on hope and pure speculation, well my hope and speculation resulted in 30% profit it hitted R.s 11 had turned R.s16
My aim was x 4 x5 times 48 .

You don;t know how strong my Branches are so save it bro
I can tell u... ppls don;t need to be adviced when they are in profit. even if anyone bought after reading my statement i assume they got out at 16 hope so.
Beside i can say u no one followed my trade .. and i really hope they didn;t.

I have made enough in past to cover my loss. i felt sad for 1 day then today i did n;t even remember i had loss untill i read your statement lol
" Farak nahi padta hai .... Trading is war you don;t follow rules u will loose

To option trader here read this and hope it helps you


i found in my research... I was right when i entered my trade. my R.s11 put turned into R.s 16 and same turned into 0 what i did was i married that put lol.
WTF went wrong was i decided to carry forward option and second mistake was i didn;t cutted my loss when i was at 30% loss. Third mistake was i trippled quantity ...i was fighting the tape forgetting i had time limit.....I forgot it;s not FUTURES it;s OPtion date = END zero.

I have decided hence forward i will never carry forward option that is in loss .
Will cut option at 30% no matter whats so ever
Never try to average option.whats loss is lost forget it Tormorrow is new begining .

Soemthing tell me My Trading style suits day trading for option Buy sell same day.
i don;t know lets see ...
I have major portion of money in futures...

GOOD LUCK
like said i never make same mistake twice

In trading it doesn;t matter weather u loose or weather u win. All matter is you did your own research Profit it yours ..Loss is was yours .

Laugh in loss :clap: ... Turn go evil in profits Live life king size

All i can say is ppls will be happy not to the mistake i made . They sure be Happy