Option Buy Recomendations

[ghosh_ak34]

Ghosh Sir
I am holding Nifty CE @2800,Dec expiry purchased at 300.
Should I hold or exit?
Suggested exit price and SL?
Regards
Panda

Dear Manoranjan,

Hold with SL=210. Will reco. not to trade in next month's option before 20th of the month.
Regards

 

[optionstrader]

Hi Ghosh Sir,

How are you?
It has been a pretty long time.
Actually i was busy with my projects & could not spend time
for options.

But now i want to start again.

I have put the R1 S1 Levels for the next week.
Kindly correct me if i am wrong :

s1 = 2x2687-2922=2452
R1 = 2x2687-2253=3121

R1-S1=669

So i guess, its going to be sideways strategy again, right !

Kindly guide.

Thanks & Regards,
Optionstrader

 

[kvram]

Ghosh da for next week res -2500 and supp- 3100 ,PLZ CORRECT IF ANY, THANK YOU SIR.

 

[jace48]

But now i want to start again.

Hey d00d,

Can you share log of trading when you take a actual trade? Would be helpful for guys like me to understand in more dept

 

[kvram]

Ghosh da for next week S1-2500 and R 1- 3100 ,PLZ CORRECT IF ANY, THANK YOU SIR.

IS The levels correct?

 

[optionstrader]

Ghosh Sir,

Since, its going to be the sideways strategy, i have observed that
S1 that is 2500 call costs around 492 and R1 that is 3100 put costs around
333... They are pretty much expensive, dont you think ?

Would you advise to buy the call & put for the above price or can we buy like,
2600 or 2800 call and around 2900-3000 put ?


Kindly guide,

Awaiting your quickest response,

Thanks & Regards,
Optionstrader

 

[ghosh_ak34]

Hi Ghosh Sir,

How are you?
It has been a pretty long time.
Actually i was busy with my projects & could not spend time
for options.

But now i want to start again.

I have put the R1 S1 Levels for the next week.
Kindly correct me if i am wrong :

s1 = 2x2687-2922=2452
R1 = 2x2687-2253=3121

R1-S1=669

So i guess, its going to be sideways strategy again, right !

Kindly guide.

Thanks & Regards,
Optionstrader

IS The levels correct?

Ghosh Sir,

Since, its going to be the sideways strategy, i have observed that
S1 that is 2500 call costs around 492 and R1 that is 3100 put costs around
333... They are pretty much expensive, dont you think ?

Would you advise to buy the call & put for the above price or can we buy like,
2600 or 2800 call and around 2900-3000 put ?


Kindly guide,

Awaiting your quickest response,

Thanks & Regards,
Optionstrader

Dear All,

Your cals are okay! For the next week R1= 3100 and S1=2500. R1~S1 is outside [300,400) range so either trade by sideways strategy as per 1st post of this thread or do not trade. Its true that the premium is high but I will stick to it and would never advise for cheaper ones.

Trade with caution Nifty seems string resistence at 3000 -3025 levels. Square off your positions on longer side on daily basis. There doesn't seem any up swing due to fundamentals its mostly short covering. These repo cuts are not going to help much as world is facing acute financial pain.
Overall market is bearish. Upmove if any will not goiing to last for long max 2-3 days. So, be carefull on any trade on long side.

Regards

Regards

 

[ghosh_ak34]

Hi Ghosh Sir,

How are you?
It has been a pretty long time.
Actually i was busy with my projects & could not spend time
for options.

But now i want to start again.

I have put the R1 S1 Levels for the next week.
Kindly correct me if i am wrong :

s1 = 2x2687-2922=2452
R1 = 2x2687-2253=3121

R1-S1=669

So i guess, its going to be sideways strategy again, right !

Kindly guide.

Thanks & Regards,
Optionstrader

IS The levels correct?

Ghosh Sir,

Since, its going to be the sideways strategy, i have observed that
S1 that is 2500 call costs around 492 and R1 that is 3100 put costs around
333... They are pretty much expensive, dont you think ?

Would you advise to buy the call & put for the above price or can we buy like,
2600 or 2800 call and around 2900-3000 put ?


Kindly guide,

Awaiting your quickest response,

Thanks & Regards,
Optionstrader

Dear Friend,

Welcome back.

Your calcs are okay! For the next week R1= 3100 and S1=2500. R1~S1 is outside [300,400) range so either trade by sideways strategy as per 1st post of this thread or do not trade. Its true that the premium is high but I will stick to it and would never advise for cheaper ones.

Trade with caution, Nifty seems having strong resistence at 3000 -3025 levels. Square off your positions on longer side on daily basis. There doesn't seem any up swing due to fundamentals its mostly short covering. These repo cuts are not going to help much as world is facing acute financial pain.
Currently, overall market is bearish. Upmove if any (this week) will not goiing to last for long max 2-3 days. So, be carefull on any trade on long side.

Regards

 

[tomdickpary]

thanks sir . u mean buy more put when nifty will 3100 .or buy more call when nifty will reach@2500 in this week only..sir if tomorrow nifty will open gap up which call or put will be buy. pls

 

[optionstrader]

Thanks Ghosh Sir.


Thanks & Regards,
Optionstrader