NIFTY Options Trading by RAJ

[new2trade]

I exited 8000CE July at 24.50/- today with profits Felt it was not moving much!
But bought 7400PE July at 153.35/ as its IV is around 18.13 and more than June

 

[healthraj]

I exited 8000CE July at 24.50/- today with profits Felt it was not moving much!
But bought 7400PE July at 153.35/ as its IV is around 18.13 and more than June

Good that you exited... You can try OTM calls with some minimum amount. Nothing wrong with that. Next time if you are taking a OTM Call or Put, Choose a strike which is not in the MAX OI.

 

[new2trade]

Good that you exited... You can try OTM calls with some minimum amount. Nothing wrong with that. Next time if you are taking a OTM Call or Put, Choose a strike which is not in the MAX OI.

Thanks Is it good to hold the 7400PE July bought at 153.35/- today ? Or should I exit as well ?

 

[healthraj]

MAX COI has changed from 7200-7500 to 7200-7800. MAX OI is at 7000-7500.

In the Hourly charts the Resistance is at 7412 SPOT. So at 7410 SPOT, Bought 7450PE @ 122. So net outflow is 9 points.

Overall the stretegy is in 20 points profit.

In the Minor Trend the Support is at 7395 and now trading below 7395.
As per the Hourly charts SELL Above 7412 triggered and next support will come near the Pivot @ at 7331. The support is at 7248.

So have to Watch 7395.

 

[healthraj]

Thanks Is it good to hold the 7400PE July bought at 153.35/- today ? Or should I exit as well ?

I think by now you should know what to do ? If you are an intraday trader, then It is always good to take quick profits on a daily basis.

 

[stock72]

Thanks Is it good to hold the 7400PE July bought at 153.35/- today ? Or should I exit as well ?

better......IMO

 

[new2trade]

I think by now you should know what to do ? If you are an intraday trader, then It is always good to take quick profits on a daily basis.

well i got some, still not clear on the selling pair strategy Is the Max OI and Max Pain different for different series or is it the same for all ? Is selling better than buying opposite pairs ? Just some queries. Thanks

 

[healthraj]

I am reminded of the Vadivelu dialogues here...

NIFTY Reversing – Sollavae illa!

Learning to Trade – Mudiyala!

Learning different techniques – Ukkaandhu yosipaayngalo?

Trading without money management rules – Risk edukkaradhellaam enakku rasku saappidra maathiri!

Profits from trading – Ippavae kanna kattuthe!

Trading based on Tips from others – Ethaiyume plan panni pannanum!

Getting profit continuously – Opening nallaa thaan irukku, but, finishing sari illaye paa!

Learner who made profit when the market was crashing – Idhu vaaliba vayasu!

Expert trader – Paavam, yaar petha pillaiyo thaniyaa pulambi kittu kidakku!

Finally – Enna daa nadakkuthu inga?

 

[angira]

Raj,
Today i've sold pair 6800 ce/pe with combined value@609 where 6800ce@604,
6800pe@5.
Can we sell this pair as per rule-6 where CHG_OI in both negative.
This is just paper trade but i want to put SL-TGT. What SL-TGT have to keep here?
Strike I've selected is correct or Have to wait for (-)larger numbers in CHANGE_OI in both side.
Pair closed@626.

Thanx,
Angira...

 

[timepass]

Raj,
Today i've sold pair 6800 ce/pe with combined value@609 where 6800ce@604,
6800pe@5.
Can we sell this pair as per rule-6 where CHG_OI in both negative.
This is just paper trade but i want to put SL-TGT. What SL-TGT have to keep here?
Strike I've selected is correct or Have to wait for (-)larger numbers in CHANGE_OI in both side.
Pair closed@626.

Thanx,
Angira...