NIFTY Options Trading by RAJ

[mohan.sic]

I was about to tell the same thing. There is no need to prove anything to anybody. For example I once attended a 2 day course conducted by ICICIDirect. Nobody ever dared to ask the instructor on how much did he make in the market. When something is given free our people always question whether it is good. For us Free is not good. As adults, Beyond a certain point in life, we all have some kind of sixth sense to pick the right thing and to throw away what is not useful to us.

I know this is how you feel about free work you are doing and that is why i have replied you earlier itself. If you are doing something for free, u expect only applauds. You cant take any questions. Thats a mindset problem.

Just look back at your shallow example. " Nobody ever dared to ask the instructor on how much did he make in the market " And you are applying it here suggesting that no one should ask you here. You are wrong in thinking that way.
If that guy in icici direct claims that they are the cheapest broker, what would you do ? Do u apply diplomacy and aswer him this way: Oh really i dont know. I thought there are some others who charge less than you. Or would you give it back straight saying Just go back and check. I would do it the second way.

People should ask and they will ask irrespective of it is free or not.

And let me tell you, i have read discussions on Traderji about options -change in OI before you started your thread. So this concept is there before you started. So dont take the whole credit and use the word free free free.

And frankly i am not expecting any reasonable answer from you now.
So leave it and go ahead.:thumb:

 

[healthraj]

Raj,

Its clear you have no answers. Carry on..

Diplomacy & markets. :lol:

Yes unfortunately I am not able to provide any direct answers to your questions

 

[mohan.sic]

Hi,

This is the last post on this matter. I had to reply since you said that the question was intended for me also.
I want to go back to discussion regarding market & NIFTY movement not whether the system works.

THIS THREAD IS NOT ABOUT TRADING NAKED OPTIONS. I DO NOT TRADE IN NAKED OPTIONS SINCE I FEEL IT IS LIKE PLAYING RUSSIAN ROULETTE WITH A FULLY LOADED GUN .
I learnt to trade short straddle via this thread which gave me 12 - 15% return with a high success rate.
Recently I am trying to combine the option analysis with other support - resistance indicators to trade NIFTY FUT. However my basic analysis is based on fundamentals discussed in this thread.
Please refer to the below trade report dump from my broker. I have added last two columns, was too lazy to calculate return. Please consider another 20 pt return ( buy 8418.05 sell 8438.65) which was my mornings trade and not reflected in the statement. All trades are on one lot and only the last one on the list was positional

Finally this is a strategy under development and is not full proof since it does not give any stop-loss which makes it very risky compared to the short straddle strategy suggested by Raj

Souma,

Good to see you made profit.

And, please understand, i am repeating - am not trying to underrate your work. I said the same thing earlier also. . I look at option chain everytime before i enter a trade. myself a option chain reader.

What i said was- We are searching for a reason in option chain for every market move. Thats is not correct and that was the point i raised.
When we look for reason in every failure, at the end we can write a book but can win in trading.

we will end this here. I would not raise anything furthur but if some one does i have to reply.

 

[mohan.sic]

Yes unfortunately I am not able to provide any direct answers to your questions

And it went wrong somewhere and lead to this. Am sorry bro.

 

[healthraj]

I know this is how you feel about free work you are doing and that is why i have replied you earlier itself. If you are doing something for free, u expect only applauds. You cant take any questions. Thats a mindset problem.

Just look back at your shallow example. " Nobody ever dared to ask the instructor on how much did he make in the market " And you are applying it here suggesting that no one should ask you here. You are wrong in thinking that way.
If that guy in icici direct claims that they are the cheapest broker, what would you do ? Do u apply diplomacy and aswer him this way: Oh really i dont know. I thought there are some others who charge less than you. Or would you give it back straight saying Just go back and check. I would do it the second way.

People should ask and they will ask irrespective of it is free or not.

And let me tell you, i have read discussions on Traderji about options -change in OI before you started your thread. So this concept is there before you started. So dont take the whole credit and use the word free free free.

And frankly i am not expecting any reasonable answer from you now.
So leave it and go ahead.:thumb:

Now I have to give some Gyan on who can challenge or Criticize or Create?

There are two major standards of knowledge management which they apply in college and to students. One standard is called Blooms standard

The levels are as below

Now you yourself are saying that you are not using OAT.

That means you are may be at the Level 1 or 2 where you are still trying to understand OAT and Options Analysis. Since you have not learnt OAT probably you are also not applying it anywhere.

When you start applying OAT in different scenarios, you will probably get to the next level of "analysis". only here your critical thinking develops.

And you will start asking like "Why is this done this way in OAT?" "WHY NOT do differently? "

When you start asking yourself "WHY" and "WHY NOT", you will start doing the opposite of "Analysis" which is "Synthesis".

Only when you are able to successfully do both "Analysis" (Breaking up) and "Synthesis" (Putting it back together), you will attain the level of Evaluation.

Now to me you are acting as if at the "Evaluation" level. But my view is you are probably at the "comprehension" Level.

So when I feel that you are the "Evaluation", You can challenge me or OAT, And I will probably choose to answer your question. Until then please do your homework and do further Comprehension, Application, Analysis and Synthesis of Option Analysis.

 

[healthraj]

And let me tell you, i have read discussions on Traderji about options -change in OI before you started your thread. So this concept is there before you started. So dont take the whole credit and use the word free free free.

I can challenge you that Nobody has Broken down the Options Chain Data and put the clear rules as I have put. I know only other thread which is still run by Columbus and his approach is different. I also visit his thread often. There is no other person in Traderji or for that matter in India who has done a Detailed "analysis" and a "Synthesis" of a Tool called OAT. I am not trying to boast anything. If you give me the links to any thread which has put down the Rules and a Strategy to make 20% every month so clearly, then I will STOP writing in Traderji.

 

[mohan.sic]

Now I have to give some Gyan on who can challenge or Criticize or Create?

There are two major standards of knowledge management which they apply in college and to students. One standard is called Blooms standard

The levels are as below

Now you yourself are saying that you are not using OAT.

That means you are may be at the Level 1 or 2 where you are still trying to understand OAT and Options Analysis. Since you have not learnt OAT probably you are also not applying it anywhere.

When you start applying OAT in different scenarios, you will probably get to the next level of "analysis". only here your critical thinking develops.

And you will start asking like "Why is this done this way in OAT?" "WHY NOT do differently? "

When you start asking yourself "WHY" and "WHY NOT", you will start doing the opposite of "Analysis" which is "Synthesis".

Only when you are able to successfully do both "Analysis" (Breaking up) and "Synthesis" (Putting it back together), you will attain the level of Evaluation.

Now to me you are acting as if at the "Evaluation" level. But my view is you are probably at the "comprehension" Level.

So when I feel that you are the "Evaluation", You can challenge me or OAT, And I will probably choose to answer your question. Until then please do your homework and do further Comprehension, Application, Analysis and Synthesis of Option Analysis.

Well, since i decided to stop, i will end this my reminding you of something.

There is a person who started a thread on option analysis and gave some rules.
And that person says in one of his rules - " When change in OI is greater than volume " its a Strong Buy.
This person is preaching these logics for some time still someone educated him that change in OI can never be greater than volume of the day.

And this person also does not know the basic fact that - NSE option chain page does not show volume in multiples of lot size. It Just gives Volume as no of lots. Where as for COI it multiplies with lot size and gives the number.

This creator does not know these basic facts and gave us gyan for some time. I dont know what level it is Evaluation or Comprehension.

 

[mohan.sic]

I can challenge you that Nobody has Broken down the Options Chain Data and put the clear rules as I have put. I know only other thread which is still run by Columbus and his approach is different. I also visit his thread often. There is no other person in Traderji or for that matter in India who has done a Detailed "analysis" and a "Synthesis" of a Tool called OAT. I am not trying to boast anything. If you give me the links to any thread which has put down the Rules and a Strategy to make 20% every month so clearly, then I will STOP writing in Traderji.

Raj,

Read again what i said- " I have read discussions on Traderji about options -change in OI before you started your thread. So this concept is there before you started -"

Did i say anything like a analysis tool or rules. ? No. please dont assume anything. I just said the concept was discussed.

 

[kcsusha]

For May 15 Series Expiry, 6 days are left. Market is above 8350plus for the past 3 days.
RBI is meeting on 2/6/2015. Marketmen are expecting a rate cut due to low inflation rate.
So they will start discounting till May end which means Market is likely to remain steady.
My idea is why should not we sell 8000PE and 8100PE ( total Rs20 ) and eat the Premium.
These are likely to end worthless on expiry.

 

[mohan.sic]

For May 15 Series Expiry, 6 days are left. Market is above 8350plus for the past 3 days.
RBI is meeting on 2/6/2015. Marketmen are expecting a rate cut due to low inflation rate.
So they will start discounting till May end which means Market is likely to remain steady.
My idea is why should not we sell 8000PE and 8100PE ( total Rs20 ) and eat the Premium.
These are likely to end worthless on expiry.

I am struck in 8200pe at buying avg of 54. Is there any RBI related news before this expiry ?