Option Buy Recomendations

[ghosh_ak34]

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.

Dear Basab,

Thanks for your appreciations!

(a) Yes, youi can short and square off the option before expiry. There should be a buyer and seller whenever you execute the trade and your orders are as per SEBI guide lines.

(b) Please share those messages, though I have never used icicidirect for options trading, but I will try my best to help you out.

Regards

 

[ghosh_ak34]

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

Dear Vineet,

Personally, I do not like writting options because its eat money. Please note that if you are not sure of your buy call/put then why not have a strict stop loss and exit. This way you are reducing your risks. Writting a call/put becomes dangerous when these trades go in reverse direction.

If you still want to go with your trade then, I suggest wait for budget event to be over and let market settle down first. Don't forget to keep a strict SL and exit all positions at the same time.

Its not important to trade every day, but its important to save your hard earned money every day.

Regards

 

[tulika]

Its not important to trade every day, but its important to save your hard earned money every day.

very well said sir,
regards
tulika

 

[tulika]

Its not important to trade every day, but its important to save your hard earned money every day.


very well said sir..
Regards
tulika

 

[milkyblack]

hello mr ghosh.
i have call option of nifty @ 5200, bought at 260, ur advise on it?
thanks

 

[ghosh_ak34]

hello mr ghosh.
i have call option of nifty @ 5200, bought at 260, ur advise on it?
thanks

Dear Friend,

I will reco. to hold Nifty 5200 CA with a strict stop loss.

Regards

 

[milkyblack]

Dear Friend,

I will reco. to hold Nifty 5200 CA with a strict stop loss.

Regards

Thanks, but could u tell me where to keep the sl? i mean on the option price or the nifty spot price?

 

[RVINOTHRAJAKUMAR]

Dear Mr.Ghosh,
Yesterday i bought100 shares nifty 5600 call option @ 46 . Whats the market range next week?. Where i can book profit and place stop loss?.
Thanks in advance.,
RVRK

 

[anjubhatia]

Dear ghosh sir,
i hv nagarjun fertilizer 60 [email protected].
wat to do wid that??
shud hold or book loss?? closing is 2.85
thanks

 

[basab19]

Ghosh Sir,
I am very satisfied with your valuable suggestions on "Short Sell" of Option Call.
On the subject concern, I tried to get confirmation from my Online Trading service provider, NSE, and one famous foreign website but no body sent any reply. But appropriate answer I received is from you and in this Thread. Thanking you once again Sir,and I hope I will one day get my answer to the querry on placement of SLTP in between LTP and Limit Price, because we feel get losts in a volatile market when I cannot exercise my minimum control over my price-quote. Thank you Sir,