Option Buy Recomendations

[ghosh_ak34]

Ghosh sir, today i sold 2 nifty march puts @110and bought 1 nifty march put @245....cud u plz suggest exit levels???
regards
tulika

Dear Tulika,

At which levels you have written march puts and bought the put.

I assume that you have bought 5000 put and have written two 4600 puts. Will reco. with this assumption in mind, to square off all positions when Nifty trades below 4900. I personally, do not like writtung calls though.

Regards

 

[tulika]

Thanks Ghosh sir.. i booked a bit of profit in written puts but could not hedge my bear position as i just missed at buying 5000 call because of technical problem...
now i hv 3 nifty puts..... 2 of strike price 4900 bought @ 170 and 1 of strike price 5000 bought @250... plz advice further
thanks

 

[ghosh_ak34]

Thanks Ghosh sir.. i booked a bit of profit in written puts but could not hedge my bear position as i just missed at buying 5000 call because of technical problem...
now i hv 3 nifty puts..... 2 of strike price 4900 bought @ 170 and 1 of strike price 5000 bought @250... plz advice further
thanks

Dear Tulika,

I think you have taken too many puts. Would suggest hedge your position by buying 5200 call. Square off atleast one 4900 put. I thought you have written 2 -4900 puts.

Regards

 

[care]

Dear sir,
I have Ril 2500 put bought @ 75.plz advice further

 

[ghosh_ak34]

Dear sir,
I have Ril 2500 put bought @ 75.plz advice further

Dear Friend,

Keep a SL of 51 and hold.

Regards

 

[GRORICH]

Dear Ghosh sir ,

Only today I looked into your thread. Very good gesture and excellent thread started by you . Very useful for newbies like me. Please continue and follow it up sir.
Thank you.

Grorich

 

[summasumma]

Hi Ghosh,

At wat range u see nifty in MArch series?

can i buy 5600 CE now and hold for budget rally? is it likely?

Thanks in advance.

...Balaji

 

[ghosh_ak34]

Hi Ghosh,

At wat range u see nifty in MArch series?

can i buy 5600 CE now and hold for budget rally? is it likely?

Thanks in advance.

...Balaji

Dear Balaji,

Lets wait for budget. Though we are not expecting much. But still its an event followed by next quarterly results. I think market/Nifty will be range bound 4900/5000 - 5400/5600. So, you can buy 5000 or at money 5200 Nifty call and hedge with Nifty 5400 or 5600 put. Keep an eye on the event though and play safe.

Keep strict stop loss whenever you trade. Exit all postions before 20th of the month.

Regards

 

[myvineet]

DEAR SIR , I want to BUY /SELL following call/put .plz advice

1.sell 2 lots of PE4800@104

2.buy 1 lot of PE 5500@380

3.SELL 1 LOT OF CE 5500 @110

I think this safe between 4300-----5500

plz suggest ,should I go for this?

thanx

 

[basab19]

Ghosh Sir,
I have visited all the Pages of this Thread starting from Page-1. It may be called a SCHOOL to us, the new Traders. Please carry on with full enerzy and courage. Sir, I seek your suggestion on the subject noted below:
(a) I have wondered whether can any trader "SHORT SELL" any Call Option, say Nifty-5400-CE at the appropriate date (depending on market sentiment), and before 'Square-off-Date' can "BUY" back the same Nifty-5400-CE Call option and thus close the transaction. I am using ICICIdirect.com platform for trading purpose. What are the restrictions imposed on such trading in Option Trading ?
(b) Can you give me with an illustration where to put the Stop-Loss Price in between LTP and Limit Price both for BUY and SELL option trading. I have tried to put the SLTP in appropriate SLOT in Trading Page of ICICI but got message which is confusing and I could not understood those notings. Please help.