NIFTY Options Trading by RAJ

[timepass]

Two Attempts to cross 7692 failed. So may be NIFTY will Test the today's Lows once again

crossed with force.. now reverting.

 

[healthraj]

the VIX is UP 6% which indicates Heavy buying in OTM Calls / Puts. Since NIFTY is trading near the Support, I would only think that OTM CALLs are being Bought.

So those who want to BUY 7900/8000 Calls Can buy when NIFTY is around 7650 and Average the Calls if it goes down further. The Daily Futures Support is at 7620 and since NIFTY is trading with a Premium of 25 points, I would think that 7645/50 would be SPOT level to Watch and BUY

 

[healthraj]

the VIX is UP 6% which indicates Heavy buying in OTM Calls / Puts. Since NIFTY is trading near the Support, I would only think that OTM CALLs are being Bought.

So those who want to BUY 7900/8000 Calls Can buy when NIFTY is around 7650 and Average the Calls if it goes down further. The Daily Futures Support is at 7620 and since NIFTY is trading with a Premium of 25 points, I would think that 7645/50 would be SPOT level to Watch and BUY

For the Pair 7650-7900 that I had Taken, Closed the 7650CE @ 80 with 18 points and had Left the 7900CE to Cool Down Now bought back 7900CE @ cost.


Will Try to Buy 7900CE around 30

 

[healthraj]

AUG-14-Trade-01

Sold the Pair 7650-7900 for 133.

Reasons : Daily Support at 7625. VIX UP by 4.4%. Most probably the OTM Calls being bought since the market has bottomed out.

AUG-14-Trade-01 Closed with 18 points profit.

 

[healthraj]

AUG-14-Trade-02

NIFTY Made low of 7645. Bought 7900CE @ 32.5

In HTF BUY Triggered below 7659 SPOT.

 

[cloudTrader]

@ healthraj,

Can you please refer any good source for reading about Open Interest and its effects on the expectations of direction of the markets.

Your thread is really good to learn about Options.

I have understood the basic concepts about Put Call Ratio and Open Interest but the way I have seen the markets through that understanding shows me that something more has to be learnt.

Thanks.

 

[pratik_star_11]

Sir, I bought nifty future at 7680....what would be the SL you suggest

 

[coolbull]

AUG-14-Trade-01 Closed with 18 points profit.

sorry...i did not follow this thread completely...but i thought that u sold pe/ce pair...but it seems its ce pair....is it correct?

 

[healthraj]

Sir, I bought nifty future at 7680....what would be the SL you suggest

Please do not ask such questions in Future because this way I think that you will never learn. And I am not providing any Tips in this thread. I am only posting the Levels and posting my Calls. Take responsibility for your Calls. Next time based on the levels, please buy / sell. Stop loss should be decided before you take the trade and not after

My opinion is you can hold it since NIFTY has bottomed out. The world markets are also bottoming out and triggering BUY signals. But you have to decide since as I have been telling NIFTY Futures can also make lows of 7625, since the Support is at 7625.

 

[healthraj]

sorry...i did not follow this thread completely...but i thought that u sold pe/ce pair...but it seems its ce pair....is it correct?

Yes I sold the Pair 7650PE - 7900CE @ 133
7650@ 98 and 7900CE @ 35.
When the NIFTY went UP 7650PE became 80 - So I closed the 7650PE with 18 points

7900CE was trading at 45 - Since I saw the market was coming down I left the positions to Cool down and when 7900CE came to 35 and I closed at cost.

This is not the normal way to trade a Pair. But since I was a bit confident about the down move, I did it this way.