NIFTY Options Trading by RAJ

[toughard]

hmmm, interesting.... that breakout statement is regarding nifty only or in general ? i trade breakouts and it works for me.

I experienced only nifty as i don't trade others counters much...
to be frank I struggle to make good out of breakouts but how you doing it?
can share your experience?

thanks

 

[Vertigo_1985]

I experienced only nifty as i don't trade others counters much...
to be frank I struggle to make good out of breakouts but how you doing it?
can share your experience?

thanks

there needs to be overall strength(intraday) for trading breakouts while in nifty such days are less so failures make more sense..i trade breakouts in various liquid stocks..4-5 trades you get on average/day...

 

[toughard]

6900PE with 60 points profit. In the hourly charts, there is a Buy signal. MAX OI changed from 6000-7000 to 6500-7000. So will retain 6000PE Sell. Will take additional SELL at 6500PE.

So will close 6900PE and take New Positions

SELL 6500PE-7000CE @ 276. (7000CE Sold at 223 is now at 142. So retaining )
BUY 6700CE @ 275.
SOLD 6000PE @ 59, Which is now at 32 - Will retain this also...
Ideally it would be better if there is a difference of 10% between the 6500-7000 Pair and 6700CE.

To put it simply. Closing 6000-7000 Pair and 6900PE for 160 points profit and
opening 6500-7000 Pair along 6700CE

Hi raj any up date on this?

 

[healthraj]

6900PE with 60 points profit. In the hourly charts, there is a Buy signal. MAX OI changed from 6000-7000 to 6500-7000. So will retain 6000PE Sell. Will take additional SELL at 6500PE.

So will close 6900PE and take New Positions

SELL 6500PE-7000CE @ 276. (7000CE Sold at 223 is now at 142. So retaining )
BUY 6700CE @ 275.
SOLD 6000PE @ 59, Which is now at 32 - Will retain this also...
Ideally it would be better if there is a difference of 10% between the 6500-7000 Pair and 6700CE.

To put it simply. Closing 6000-7000 Pair and 6900PE for 160 points profit and
opening 6500-7000 Pair along 6700CE

In the Hourly chart the Trend is DOWN.

MAX OI changed from 6500-7000 to 6400-7000, which is also a Bearish signal.

Closed 6700CE on 05-May and Bought 6750 PE.
Closed 6500-7000 Pair and carrying 6400-7000 Pair (Instead of 6500 it is now 6400)

If 6690 is not broken on the up side then I am expecting 6500/6550. On the Down side 6640 needs to be broken to get to 6500. Even if 6640 is not broken, If 6690 is not broken on the UP side since the Trend is down I am expecting 6500. So will watch 6690/6700 and will take additional Puts accordingly. If 6690 is broken on the UP Side then close the Puts

 

[toughard]

In the Hourly chart the Trend is DOWN.

MAX OI changed from 6500-7000 to 6400-7000, which is also a Bearish signal.

Closed 6700CE on 05-May and Bought 6750 PE.
Closed 6500-7000 Pair and carrying 6400-7000 Pair (Instead of 6500 it is now 6400)

If 6690 is not broken on the up side then I am expecting 6500/6550. On the Down side 6640 needs to be broken to get to 6500. Even if 6640 is not broken, If 6690 is not broken on the UP side since the Trend is down I am expecting 6500. So will watch 6690/6700 and will take additional Puts accordingly. If 6690 is broken on the UP Side then close the Puts

can you give the values for buying and selling of those options?

 

[healthraj]

In the Hourly chart the Trend is DOWN.

MAX OI changed from 6500-7000 to 6400-7000, which is also a Bearish signal.

Closed 6700CE on 05-May and Bought 6750 PE.
Closed 6500-7000 Pair and carrying 6400-7000 Pair (Instead of 6500 it is now 6400)

If 6690 is not broken on the up side then I am expecting 6500/6550. On the Down side 6640 needs to be broken to get to 6500. Even if 6640 is not broken, If 6690 is not broken on the UP side since the Trend is down I am expecting 6500. So will watch 6690/6700 and will take additional Puts accordingly. If 6690 is broken on the UP Side then close the Puts

So at 6690 there was a BREAKOUT and so closed the 6750 PE and bought 6750 CE.


Sold the Pair 6400-7000 @ 245, which is now trading at 364.
6750CE bought at 260 is now trading at 415. Net profit of 35 points.

The Resistance is at around 7040, where will switch to Long Puts instead of Long Calls.

Daily Futures - RESISTANCE @ 7040 and 7188
Weekly Futures - RESISTANCE @ 7035
Monthly Futures - RESITANCE @ 7006 and 7718. - SELL Triggered at 7006

So hopefully the correction will start around 7040. So far made high of 7017.5

Will close everything and will go for the following Trades

SELL 6400-7200 Pair around 270. Buy 7000 PE @ 280 - Net outflow will be 10.

Need to Keep a close watch on MAX OI anc COI.
MAX OI @ 6400-7000, which is in line with our Resistance at around 7040.
MAX COI @ 6400-7500 - The 7500 needs to come down to confirm the DOWN move...

The AVG Implied VOLT is at around 46%. And the INDIAVIX is at 39.
So I am hoping the VOLT will come down after the Election results. And THE SELLs might fetch profit rather than LONG Puts or Calls. So it is better to avoid OTM Puts or Calls. If somebody wants to Trade LONG Calls or Puts, Better trade only ITM or ATM. OR Wait for IV to come down. No point trying to trade OTM Puts or Calls now

 

[toughard]

Will close everything and will go for the following Trades

what would be the out put of last trade?

 

[healthraj]

So at 6690 there was a BREAKOUT and so closed the 6750 PE and bought 6750 CE.


Sold the Pair 6400-7000 @ 245, which is now trading at 364.
6750CE bought at 260 is now trading at 415. Net profit of 35 points.

The Resistance is at around 7040, where will switch to Long Puts instead of Long Calls.

Daily Futures - RESISTANCE @ 7040 and 7188
Weekly Futures - RESISTANCE @ 7035
Monthly Futures - RESITANCE @ 7006 and 7718. - SELL Triggered at 7006

So hopefully the correction will start around 7040. So far made high of 7017.5

Will close everything and will go for the following Trades

SELL 6400-7200 Pair around 270. Buy 7000 PE @ 280 - Net outflow will be 10.

Need to Keep a close watch on MAX OI anc COI.
MAX OI @ 6400-7000, which is in line with our Resistance at around 7040.
MAX COI @ 6400-7500 - The 7500 needs to come down to confirm the DOWN move...

The AVG Implied VOLT is at around 46%. And the INDIAVIX is at 39.
So I am hoping the VOLT will come down after the Election results. And THE SELLs might fetch profit rather than LONG Puts or Calls. So it is better to avoid OTM Puts or Calls. If somebody wants to Trade LONG Calls or Puts, Better trade only ITM or ATM. OR Wait for IV to come down. No point trying to trade OTM Puts or Calls now

Closing the 6400-7000 and 6750CE with 78 points profit.

6400PE-7000CE SOLD @ 245 now trading at 355.
6750CE Bought at 260, now trading at 449.

Entering 6500-7250 Pair @ 259
Long 7050 PE @ 265. Net outflow of 6
NIFTY Futures Made high of 7042, which was our mornig Resistance. So SELL triggered in Daily, Weekly and Monthly charts.

MAX OI is 6400-7000. So 7000 would be a BIG Resistance unless some heavy positions are made by BULLS at 7000PE. the MAX COI today is at 7000-7500. So it might be an indication that BULLS are ready to take this market Further UP. But going by the OI, which is still at 6400-7000, 6400 is also possible now that 7000 is made.... In the Daily chart the move on the last two days seems to be an extortion bar (Move made in a Hurry).

So my bias is DOWN towards 6500 !!! Let us See

SINCE THE VOLT is VERY HIGH There is not much left for a Retail trader because Buying a OTM Call/Put might be risky given the HIGH IV. And Buying a ITM/ATM Put/Call is COSTLY. So the LESS RISKY, Can wait for the Election Results, Wait for the IV to cool down and then ride the Wave...

 

[maneverfix]

Rajbro, happy to see you back again, all the best best & best

6400PE-7000CE SOLD @ 245 now trading at 355.
6750CE Bought at 260, now trading at 449.

Entering 6500-7250 Pair @ 259
Long 7050 PE @ 265. Net outflow of 6
NIFTY Futures Made high of 7042, which was our mornig Resistance. So SELL triggered in Daily, Weekly and Monthly charts.

MAX OI is 6400-7000. So 7000 would be a BIG Resistance unless some heavy positions are made by BULLS at 7000PE. the MAX COI today is at 7000-7500. So it might be an indication that BULLS are ready to take this market Further UP. But going by the OI, which is still at 6400-7000, 6400 is also possible now that 7000 is made.... In the Daily chart the move on the last two days seems to be an extortion bar (Move made in a Hurry).

So my bias is DOWN towards 6500 !!! Let us See

SINCE THE VOLT is VERY HIGH There is not much left for a Retail trader because Buying a OTM Call/Put might be risky given the HIGH IV. And Buying a ITM/ATM Put/Call is COSTLY. So the LESS RISKY, Can wait for the Election Results, Wait for the IV to cool down and then ride the Wave...[/QUOTE]

 

[toocool]

What about selling otm call like 8000?

Is it safe to do this?