NIFTY Options Trading by RAJ

[lemondew]

Raj,

y so

7000 - 7500 still has highest OI. kindly enlighten please

Closed the positions with 20 points loss

 

[healthraj]

Raj,

y so

7000 - 7500 still has highest OI. kindly enlighten please

My stoploss is 20 points.

 

[new2trade]

How did you get to this calculation :-O

Factoring the IV and the correction to 7375, I figured it would reach 170 from the current price range. Thats how I calculated.

 

[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

Wish I could have been more patient and waited till today I exited 8000CE July at 24.50/- with profits. Anyway better to feel safe than be sorry!
But I have an open position 7400PE July at 153.35/- lets see what happens with it?

 

[new2trade]

Not sure you still holding or not but you could have made excellent gains as you had bought bulk quantity.

Wish I could have been more patient and waited till today I exited 8000CE July at 24.50/- with profits. Anyway better to feel safe than be sorry!

 

[new2trade]

MAY-14 Series closed around 7230 - Daily Pivot. In the Daily charts there was a SELL signal. But in the Hourly charts it was giving a BUY signal around 7230. But I am not sure how many would have dared to take a LONG Call when the Daily charts was saying a SELL. The Confirmation to Long can only around 7375, when there was a breakout on the UP Side in the hourly charts.

But at 7230, it was 50-50 since 7220 was the Pivot in the Daily charts and it could have gone either way.

So looking at it retrospectively after one week is very easy.

I bought 7400PE July at 153.35/- expecting a correction and now its down to 92. Do you think we will correct in the coming week ? If I want to get a price of 190-200, what price should be the Nifty spot at ? I cannot seem to get this calculation right

 

[LivetoTrade]

..........

 

[lemondew]

Hi raj.

Highest OI is at 7500 CE and 7500 PE where all these strike prices 7600, 7700, 7800, 8000 all are close by on call side. In put side again 7200, 7300, 7400 are all closeby. Is it indicating anything? if nifty moves either side from here the highest OI pair will change very quickly since the difference between the strike prices Oi is very less. Do you make anything of it now.

Thanks

 

[new2trade]

My stoploss is 20 points.

Thanks to You and stock72 I recovered my 50k loss and now have capital back to normal at 1,50,000. Thanks a lot
The Max Pain in your OAT still shows 7400. Now what pair to sell for now with 1,50,000? Should I sell 7400-8000 June pair tomorrow?

 

[healthraj]

Thanks to You and stock72 I recovered my 50k loss and now have capital back to normal at 1,50,000. Thanks a lot
The Max Pain in your OAT still shows 7400. Now what pair to sell for now with 1,50,000? Should I sell 7400-8000 June pair tomorrow?

The MAX Pain at 7500.
MAX OI at 7500-8000. So I think it will test 7500 now. The VOLT also has been going UP.

The market is gone UP from 7200 without any correction so we can expect at least 100/150 correction.

So I would be going for BEAR Spread - with Limited risk and Limited profits.

SELL 7500 PE @ 30
BUY 7600 PE @ 55

It is supposed to be VOLATILITY Neutral.

Outflow is 25 points. With 200 quantities the max risk would be 5000 and the Profit would be as follows

At 7500 - 5500
At 7400 - 8500
At 7300 - 11000
At 7200 - 13000
At 7100 - 14000
At 7000 - 14500

I will try closing around 7500 - Based on the MAX OI and MAX PAIN.