NIFTY Options Trading by RAJ
- Thread starter healthraj
- Start date
- Tags nifty options chain raj oat
Hi
As I have mentioned it multiple times, the tools that I had developed in the past 5 years were purely for learning purpose and not for Professional trading. So when we move UP the curve, we sometimes discard the tools that become obsolete. From my point of view the tools like OTP and MTP are not used by me any more. The MTP tool was based on the FLOW logic which is described by SAINT. I got fascinated by the idea and developed the tool to implement the logic to some extend. I finally stopped following the FLOW technique, since in the FLOW technique, you are always looking for BreakOut or BreakDown. Where as the Market is Rangebound most of the time. Anyways this explanation cannot be just put in one post.
The basic idea is please be aware of what is there in MTP. Do not look for any magic. If you want to use the MTP, first you have to learn the SAINT's FLOW method. If you like the method and understand the logic of Minor Pivot, Major Pivot etc.., then you can start investing your time to understand the MTP tool. There are enough posts in Traderji to solve your problems in MTP. I had spent many many days and weeks to develop the tool. You can spend some hours in searching for solutions to make the tool work.
OAT - Is a general tool to analyze Options. Which I use now. Along with my own Excel charts.
As I have mentioned it multiple times, the tools that I had developed in the past 5 years were purely for learning purpose and not for Professional trading. So when we move UP the curve, we sometimes discard the tools that become obsolete. From my point of view the tools like OTP and MTP are not used by me any more. The MTP tool was based on the FLOW logic which is described by SAINT. I got fascinated by the idea and developed the tool to implement the logic to some extend. I finally stopped following the FLOW technique, since in the FLOW technique, you are always looking for BreakOut or BreakDown. Where as the Market is Rangebound most of the time. Anyways this explanation cannot be just put in one post.
The basic idea is please be aware of what is there in MTP. Do not look for any magic. If you want to use the MTP, first you have to learn the SAINT's FLOW method. If you like the method and understand the logic of Minor Pivot, Major Pivot etc.., then you can start investing your time to understand the MTP tool. There are enough posts in Traderji to solve your problems in MTP. I had spent many many days and weeks to develop the tool. You can spend some hours in searching for solutions to make the tool work.
OAT - Is a general tool to analyze Options. Which I use now. Along with my own Excel charts.
@Bapu4
Here a little educational post on your previous question:
Regarding your question about the 300 June Call in TataSteel: As you now follow it in theory, you surely recognized that what others see in the chart and in the option matrix is not what you may see. You may also have fundamental informations or more time spent with the script to see any relation with the Index future or what ever you have recognized over time with this script.
Now regardless what others say, if you feel YOUR analyzes are fine, then you take the trade. In this case the risk you faced was clearly mentioned in dept from me and that is the only point you have to concentrate on when your decision stands, as all other topics are not in our hands at the moment we are in the market with any trade.
So you could have token this trade by setting a stop loss in any way after you entered the trade on Monday morning and you still would be in it as we are now by a value of around 31 and an IV of around 31 at the moment I did this post. IV has come down as we got more atm when market moved down and IV will go up again in this option as market moves up again.
In the follow up of the trade, you now would need to make a decision at this point if you would keep the short options or if you would take it out or if you want to change your stop loss level or if you want to convert into a more complex option strategy.
Take care / Dan
Edit: During the time I wrote this post for you, the script has intra day done a jump to the upside.
Here a little educational post on your previous question:
Regarding your question about the 300 June Call in TataSteel: As you now follow it in theory, you surely recognized that what others see in the chart and in the option matrix is not what you may see. You may also have fundamental informations or more time spent with the script to see any relation with the Index future or what ever you have recognized over time with this script.
Now regardless what others say, if you feel YOUR analyzes are fine, then you take the trade. In this case the risk you faced was clearly mentioned in dept from me and that is the only point you have to concentrate on when your decision stands, as all other topics are not in our hands at the moment we are in the market with any trade.
So you could have token this trade by setting a stop loss in any way after you entered the trade on Monday morning and you still would be in it as we are now by a value of around 31 and an IV of around 31 at the moment I did this post. IV has come down as we got more atm when market moved down and IV will go up again in this option as market moves up again.
In the follow up of the trade, you now would need to make a decision at this point if you would keep the short options or if you would take it out or if you want to change your stop loss level or if you want to convert into a more complex option strategy.
Take care / Dan
Edit: During the time I wrote this post for you, the script has intra day done a jump to the upside.
Yes bank today, Max COI- 840 -860, trend is up, by looking for OI and COI, the value comes to 855 which was easily achieved today, but this trade is more significant as the nifty is negative.
thanks
And the Closing COI and OI also points to an average of 860, since the MAX COI changed to 840-880. In fact made 10 points more than 855.
So the important point is to Decide whether it will be FLAT or TRENDing
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