Option Buy Recomendations

[ghosh_ak34]

Dear ghosh sir,
Im having nifty-3700 puts and nifty-4800 calls (august) both @ 29 .... Im having 4 lots each... are currently at 31 and 17.5 Rs respectively

If the markets goes down deeply today Im thinkin 2 sqr off nifty-3700 at nearabout 45 and wait for monday to sqr off nifty-4800 calls (if the mrkt goes up).....
Is it the right strategy? or should I wait some more days so that I sqroff both positions at once....

Dear Anupamluv,

You could book profit in the Nifty 3700 puts. Its always recomended to have a SL=20-30% from your buy price and for call SL has already met. Its upto you to wait for an uptrend to exit. But its not a bad strategy.

Lets not think in our favour. This is the biggest mistake most of us do and loose our hard earned money.

Regards

 

[rajeshtrades]

Namastey Ghosh sir,

Its my first post. But not a new guy to this thread. Thanks for your contributions. It educates a lot.

I am now holding 4100 put @ Rs.96. Now it is trading around Rs.115 what should i do now? i am thinking of square off now. What about the nifty next week. Shall i hold till monday? Pls reply. thank you

-rajesh (obviosly a newbie)

 

[ghosh_ak34]

Namastey Ghosh sir,

Its my first post. But not a new guy to this thread. Thanks for your contributions. It educates a lot.

I am now holding 4100 put @ Rs.96. Now it is trading around Rs.115 what should i do now? i am thinking of square off now. What about the nifty next week. Shall i hold till monday? Pls reply. thank you

-rajesh (obviosly a newbie)

Dear Rajesh,

Maintain a trailing SL=105 and hold.

Regards

 

[lalpar]

Dear ghosh sir,

I have taken 4400 Put at 165..Kindly let me know your view ,,

Regards
Lalith

 

[ghosh_ak34]

Dear ghosh sir,

I have taken 4400 Put at 165..Kindly let me know your view ,,

Regards
Lalith

Dear Lalith,

Keep a SL=116 and hold or buy a call at S1 (4100) as per strategy stated earlier.

Regards

 

[tradengrow]

Dear Ghosh Sir,

Today I bought MiniNifty at 4422 and Nifty 4100 put @70. Please provide your views/comments in this.

--Anil

 

[lalpar]

Dear Lalith,

Keep a SL=116 and hold or buy a call at S1 (4100) as per strategy stated earlier.

Regards

Thank You Sir..I will be keeping a SL of 116 as u suggest...

Regards
Lalith

 

[optionstrader]

Hi Ghosh Sir & Friends,

I have calculated the next weeks R1 & S1 Levels :

Weeks High = 4422
Weeks Low = 4159
Weeks Close = 4413

P = (Weeks High + Weeks Low + Weeks Close)/3
(4422+4159+4413=12994)/3
P = 4331

S1 = 2P - H
= 2*4331 - 4422
= 4240

R1 = 2P - L
= 2*4331 - 4159
= 4503

R1-S1 = 4503-4240
= 263

If (R1 - S1) >= 300 then,
Buy call at S1 and put at R1.
else Do not trade at all.


So, R1-S1 that is 263 is less than 300.

Ghosh sir, kindly correct me if i am wrong.

Kindly also guide, that since R1-S1 is less than 300, can
we buy Buy call at R1 and put at S1, or only put at S1?

Or Shall we avoid trading next week.

Awaiting your response,

Thanks & Regards,
Optionstrader

 

[ghosh_ak34]

Hi Ghosh Sir & Friends,

I have calculated the next weeks R1 & S1 Levels :

Weeks High = 4422
Weeks Low = 4159
Weeks Close = 4413

P = (Weeks High + Weeks Low + Weeks Close)/3
(4422+4159+4413=12994)/3
P = 4331

S1 = 2P - H
= 2*4331 - 4422
= 4240

R1 = 2P - L
= 2*4331 - 4159
= 4503

R1-S1 = 4503-4240
= 263

If (R1 - S1) >= 300 then,
Buy call at S1 and put at R1.
else Do not trade at all.


So, R1-S1 that is 263 is less than 300.

Ghosh sir, kindly correct me if i am wrong.

Kindly also guide, that since R1-S1 is less than 300, can
we buy Buy call at R1 and put at S1, or only put at S1?

Or Shall we avoid trading next week.

Awaiting your response,

Thanks & Regards,
Optionstrader

Dear Optionstrader,

If R1~S1 <300. Means Nifty will be sideways so either avoid trading or trade according to the following strategy :

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.

Regards

 

[ghosh_ak34]

Dear Ghosh Sir,

Today I bought MiniNifty at 4422 and Nifty 4100 put @70. Please provide your views/comments in this.

--Anil

Dear Anil,

Your strategy will result in profit when Nifty moves down. So, hold Nifty 4100 put with SL= 50 max. and square off MiniNifty whenever you get an oppourtunity. This strategy is good in bearish market not in sideways market.

Buy calls and puts are per 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.

Regards