Option Buy Recomendations

[ghosh_ak34]

Hi Ghoshji,

I am holding Nifty 4350 PUT (July)at 68 Rs...Your views on the same please..

Regards
Lalith

Dear Lalpar,

Expiry is approaching so exit the 4350 put.

Regards

 

[nagendra_gb]

hI Ghosh,
wht is ur call on ispat.. for tomorrows dip shall i buy call option of 25 ..

 

[nagendra_gb]

and if you dont mind can you please add me into ur y a h o o my id is nagendra_gb

 

[swdas]

I think Bharti is trading around swing high levels. Therefore it would be writing of call options. Of course some one has bought as well. Check this level 801+40 = 841 (say 850). Bharti would find difficult to trade above 850 on Aug. My this analysis excludes any sudden news developments in the counter.

regards

apology, wrote a wrong thing. I meant 820 (strike price) +40 (premium)= 860.

 

[nareshch]

Hi Praveen,

Thats the mistake many do in market. Avoid strangle. Buy calls at R1 and puts at S1 as per strategy stated earlier. Always maintain a strict SL = 20%-30%. Exit the loss making 4600 call and hold proft making call with a trailing SL=10% max.

I will add you in YM.

Regards

Hi Ghosh ,

Is int Buying calls at R1 risky ? I thought Buy Calls above R1 or Puts below S1 . We can also take puts near R1 and calls near S1 .
For this week , R1 is 4544 and S1 is 4085 . We are at 4320 now .Which one do you suggest ? Call or Put ? Please clarify

Naresh

 

[lalpar]

Hi Ghosh,

I squared off the 4350 Put today at 100..Profit of Rs 32 ...Going fwd I will ensure trade options in 100 series rather that 4350 or 4250..

Regards
Lalith

 

[nagendra_gb]

Hi Ghosh..

Wht is ur opinion on ISPAT . today i brought 35 call option at .7.

 

[ghosh_ak34]

Hi Ghosh ,

Is int Buying calls at R1 risky ? I thought Buy Calls above R1 or Puts below S1 . We can also take puts near R1 and calls near S1 .
For this week , R1 is 4544 and S1 is 4085 . We are at 4320 now .Which one do you suggest ? Call or Put ? Please clarify

Naresh

Dear Naresh,

I wanted to say that about buying calls at R1 and puts at S1 as its strangle. Buy calls at S1 and puts at R1.

Follow the strategy stated below:

If Nifty opens with gap up and remain above 20pts till 10:30AM - 10:45 AM buy calls at S1 with SL 20-30% from your buy price. Book profit if your target is achieved or buy puts at R1 around 3:00 PM-3:15 PM and hold call with a trailing SL of say 10%.

If Nifty opens with gap down and remain below 20pts till 10:30AM - 10:45 AM buy puts at R1 with SL 20-30% from your buy price. Book profit if your target is achieved or buy calls at R1 around 3:00 PM-3:15 PM and and hold put with a trailing SL of say 10%.

Vary calls and puts nos. according to the trend.

So, as per current strategy today we should have bought puts at R1 and should be holding it with trailing SL=10% max.

I hope this helps.

Regards

 

[ghosh_ak34]

Hi Ghosh..

Wht is ur opinion on ISPAT . today i brought 35 call option at .7.

Dear Nagendra_gb,

ISPAT looking weak, Will reco an exit from the call. Its recomended not to buy any options for the current month after 20th of the month.

Regards

 

[nareshch]

Dear Naresh,

I wanted to say that about buying calls at R1 and puts at S1 as its strangle. Buy calls at S1 and puts at R1.

Follow the strategy stated below:

If Nifty opens with gap up and remain above 20pts till 10:30AM - 10:45 AM buy calls at S1 with SL 20-30% from your buy price. Book profit if your target is achieved or buy puts at R1 around 3:00 PM-3:15 PM and hold call with a trailing SL of say 10%.

If Nifty opens with gap down and remain below 20pts till 10:30AM - 10:45 AM buy puts at R1 with SL 20-30% from your buy price. Book profit if your target is achieved or buy calls at R1 around 3:00 PM-3:15 PM and and hold put with a trailing SL of say 10%.

Vary calls and puts nos. according to the trend.

So, as per current strategy today we should have bought puts at R1 and should be holding it with trailing SL=10% max.

I hope this helps.

Regards

I assume S1 and R1 here are daily support and resistance . Is that Correct ?

Or Does it mean that we have to buy 4500 put ( weekly R1 ) and 4000 call ( Weekly S1) ?

Naresh