Option Buy Recomendations

[ghosh_ak34]

Dear ghosh,

As per you strategy On 10/09/08 I am holding 4500 PE to hedge this i have bought 4200 CE @ 254 on 10/09/08 @ 3 and had a stop loss @ 228 i.e 10% but yesterday 11/09/08 4200 CE did not reached my stop loss price and its trading below that.

so what i want to do here? need help.

Thanks,

Regards

Dear Trillian,

SL means that any price below or equal to that says an exit. So, you should have exited the call @4200.

Regards

 

[dr_sreenivas]

Hello
Everybody
Good evening
This system looks like quite interesting!!!
I will do paper trading,will come to a conviction!!
If anybody does trading with this option trading this week;let me know the result plz!!!
We must appreciate Ghosh for his helping attitude
Thank u everyone here esp to Ghosh bhayya!!!
with regards
sreenivas

 

[swing_trader]

hello ghosh sir
i am totally novice about options but really desperate to learn it...can u please answer my simple question..how to calculate weeks high low and close
please help
thankyou

 

[manoj421]

hello ghosh sir
i am totally novice about options but really desperate to learn it...can u please answer my simple question..how to calculate weeks high low and close
please help
thankyou

You can go to icharts.in/charts.html, choose candle option and can find the weeks high, low and close by looking at the graph. By placing mouse pointer on the highest candle for the past week you can see the Weeks High, and same way by looking at the lowest candle for the past week you can find the weeks low and by looking at the last candle(Friday) of the week you can find the weeks close. Monday's open as Weeks open.

You can also go to nseindia -> F&O->historical data for Nifty and can download the past weeks data, apply max and min to find high and low for the week and take the last one to get the weeks close (Friday's close = Weeks close) and likewise Monday's open as weeks open.

This was posted earlier by Ghosh Sir...


Thanks
Manoj

 

[vasanth_ece]

Hi Gosh,

I hope for next week there is no sideways tragedy.Can you please put R1 and S1 for next week ,which includes WH,WL and WC.

Reg
Vasanth

 

[trillian]

Hello
Everybody
Good evening
This system looks like quite interesting!!!
I will do paper trading,will come to a conviction!!
If anybody does trading with this option trading this week;let me know the result plz!!!
We must appreciate Ghosh for his helping attitude
Thank u everyone here esp to Ghosh bhayya!!!
with regards
sreenivas

hi sreenivas,

Welcome to ghosh's option trading strategy club. I am doing paper trading with this method. I will post my result after 20 of this month.

Regards

 

[trillian]

hello ghosh sir
i am totally novice about options but really desperate to learn it...can u please answer my simple question..how to calculate weeks high low and close
please help
thankyou

Hi swingtrader

You are always welcome here to learn. If read the whole thread or vasanth's questions you will able to know how to calculate it. More over you can get the nifty spot's week high,low,close in nseindia website.

Regards

 

[trillian]

Hi Gosh,

I hope for next week there is no sideways tragedy.Can you please put R1 and S1 for next week ,which includes WH,WL and WC.

Reg
Vasanth

hi vasanth,

Let me post the High,low and close for this week.

High ------> 4558
Low ------> 4200
Close -----> 4228

S1 = 4100
R1 = 4500

I think R1 - S1 = 358 , so it concludes we are in sideways strategy.

Let Ghosh post the trading plan for next week as we are not into sideways strategy.

Ghosh check my calculation, correct it if I am wrong.

Regards

 

[trillian]

Dear ghosh,

I read your first post. I am now very clear how to trade in sideways strategy with finding trend @ time intervals i.e open,10.45,12.30,3.00.

But I am not clear how to trade in this kind of market i.e R1 - S1 = 400.

It will be grateful for me if you post the methodology for this kind of market as your first post which explains sideways strategy which is easy to understand for novice like me.

So please briefly explain the strategy and time intervals for this kind of market i.e R1 - S1 = 400.

Thanks,

Regards

 

[Reji]

hi vasanth,

Let me post the High,low and close for this week.

High ------> 4558
Low ------> 4200
Close -----> 4228

S1 = 4100
R1 = 4500

I think R1 - S1 = 400 , so it concludes we are not in sideways strategy.

Let Ghosh post the trading plan for next week as we are not into sideways strategy.

Ghosh check my calculation, correct it if I am wrong.

Regards

Dear M/s Ghosh and trillian,

It seems that R1- S1 is less than 400. {I'm not sure. I'm new to options. Have just completed reading the whole thread. }

S1= 2P - H = 4099.34
R1= 2P - L = 4457.34

R1-S1= 358, which is below 400.

Since the difference is between 300 and 400, can we go ahead with a call at S1 {4100} and put at R1 {4500} or either of them only?

One more query,

If the difference is between 300 and 400, trading of which does not come under sideway strategy, do we have to check the trend at 10:30-10:45 and again at 3:00-3:15 PM?

Regards

Reji