Option Buy Recomendations

[ghosh_ak34]

Hi Ghosh,

Thanks for your reply and timely advice. I was able to seee it in a reasonable profit of 15 rs on next day itself. Can you please let me know wht are u expecting on nifty, is it better to take calls or puts for monday.

Dear Friend,

Will wait till Nifty settles down. Currently its very volatile.

Regards

 

[cute_sonali]

hello all...

plz help me with my query... i had bought nifty call option... is it necessary to square it off? or can i not excersise it? i mean if i square it off then i have to pay brokerage... and any way im in loss and it is trading at Re 1/- . so wht should i do... plz reply... i am using sharekhan broker
thanks

 

[mahmed]

it is good to see recomendation on option, i think relcom will go up.
i prefere call option
plz correct me if i am wrong

 

[ghosh_ak34]

it is good to see recomendation on option, i think relcom will go up.
i prefere call option
plz correct me if i am wrong

Dear Mahmed,

RCOM doesn't look good currently. Wait for market to settle down before you take any option buy decision.

Regards

 

[Sauve]

Dear Mr Ghosh,

Your calls are indeed good.

I am thinking of getting my feet wet on F and O and am going through Hulls book, now.

It will really help me if you can do a knowlegde sharing on trading F and Os namely the strategy you follow to make your calls, the tools and software you recommend, etc. and finally how should one develop techniques or strategies for trading F and O in India.

I am not asking you to share your own/proprietary techniques, just some hints to help squeeze my learning curve.

Thanks,
Dutta.

 

[swargam]

Dear Mr.Ghose,

i bought NIFTY call with strike price of 5200 with premium of 236. Should I wait or square off.

 

[ghosh_ak34]

Dear Mr.Ghose,

i bought NIFTY call with strike price of 5200 with premium of 236. Should I wait or square off.

Dear Swargam,

Nifty doesn't look good, its highy volatile. Since you have aleady entered, so you can hold with a SL of 20%-30% from your buy price. Keep a target in mind and exit with it.

Regards

 

[ghosh_ak34]

Dear Mr Ghosh,

Your calls are indeed good.

I am thinking of getting my feet wet on F and O and am going through Hulls book, now.

It will really help me if you can do a knowlegde sharing on trading F and Os namely the strategy you follow to make your calls, the tools and software you recommend, etc. and finally how should one develop techniques or strategies for trading F and O in India.

I am not asking you to share your own/proprietary techniques, just some hints to help squeeze my learning curve.

Thanks,
Dutta.

Dear Sauve,

Welcome to F & O. Will recomend you to first learn to trade in equity. Come up with a plan and stick to it. Start with small quantity and trade in equity. Trade always with equal quantity. F & O is very risky and might wipe out your cash quickly. For trading discipline is most important. Once you are comfortabe with trading in equity look for F & O. There are many websites available for options, will recommend www.888options.com . I do not trade in future so would not suggest any web site.

Request you to see my earlier threads from start.
Regards

 

[sanjeev28]

swargam

I guess monday nifty would open at 5350 and should close at 5400 and intra day low could be 5260 and from tuesday it is likely that market will go in deep correction again. So I suggest you should book your profit on 5200 call with selling price anywhere between 300 to 320 otherwise market will not give you enough time to exit in profits from tuesday

 

[marcus]

Dear Sanjeev,

The advantage of options is that it has strategies to suit different market conditions, at the current time with an increase in volatility and uncertain direction it is best to use neutral stategies bullish on vloatility, some of these strategies are ..

Long Guts
Long Straddle (or Buy Straddle)
Long Strangle (or Buy Strangle)
Reverse Iron Butterfly
Reverse Iron Condor
Short Butterfly
Short Call Ladder
Short Condor
Short Put Butterfly
Short Put Ladder
Strap Strip

Among these my personal opinion is try to avoid a strategy where selling is involved for obvious reasons at the current time. Straddle, Strangles and long guts are very good choices depending upon how close we are to expiration. It is pointless speculating about the value of the nifty at this time, I think it would be more advisable to wait till nifty moves in a particular direction before speculating.