Option Buy Recomendations

[ghosh_ak34]

Ghosh Sir

I have been following your msgs for a week now and it is awsome. Just need little guidance..

As Nifty support at S1=3900 is breached, is there any change in strategy?
Please guide.. Thanks..

Dear SR_TA,

For the week starting Monday to Friday, R1 and S1 remains same, there is no change in any strategy.

Regards

 

[ghosh_ak34]

Dear friends,

For the next week starting Monday-Friday. R1=4000 and S1=3700 and R1~S1 is within the range [300,400) and Nifty is bearish so buy more puts than calls. You can keep 1 call for every 2 or 3 puts atleast.

Trade as per strategy posted in the 1st post of this thread.

Regards

 

[ghosh_ak34]

Hi sir , i am very thanks full to u .you r doing very good work .can u add me on ***** mEssEnge pls sir my id <Tomdickpary Raja>.i am a very passionate about treading . n i am also take ril 1800put or 1950call. can i book my call or hold put .what to do pls sir add me i wana help by u in market hours. pls pls

Dear tomdickpary,

I am unable to add you in YM, may be id problem. Meanwhile, I am available in YM only from 8:00 PM to 10:00 PM in weekdays and not in trading hours. Yes, exit RIL 1950 call whenever you get an oppourtunity. Hold on to RIL 1800 put. RIL looks very bearish. In fact all Reliance pack is looking bearish.

Regards

 

[kris905]

Dear Ghosh Sir,
I must admit that yours is the most practical and safe strategy in our markets so far, While i have been into options trading for more than a year and always used DITM options, but this method of finding pivot points are really boosting my trades.

Apart from the trend confirmation strategy that you suggest (20 points from open and confirming at intervals), i am also looking at stoch crossovers and RSI to confirm trend and the accuracy is good.

Hats off to you for creating this thread and sharing knowledge, i have learned a great lot from you, also your strategy insists on clear discipline which is excellent.

Thanks a lot to you and all the contributors.

Regards
Kris

 

[touchraj16]

Dear friends,

For the next week starting Monday-Friday. R1=4000 and S1=3700 and R1~S1 is within the range [300,400) and Nifty is bearish so buy more puts than calls. You can keep 1 call for every 2 or 3 puts atleast.

Trade as per strategy posted in the 1st post of this thread.

Regards

R/Ghosh Sir,
I am fresher for this thread so please need your guidence. I read the first post but still confused. As you stated R1=4000 & S1=3700 and "Nifty is bearish so buy more puts than calls", is it means buying call of 3700@... and put of 4000@... whatever price as per trend. Where in the last week,put 4000 close at 242 and call 3700 close at 247....something. I am going right or totally wrong????
Thanks in advance...
Raj

 

[penchant]

Dear Touchraj;
In my opinion what Mr. Ghosh meant is that when nifty is around 3700 buy calls ; & nifty is around 4000 , buy puts.
I am certain that he did not mean us to buy puts of 4000 & calls 3700 straight away.
Rgds.; penchant

 

[ghosh_ak34]

Dear Ghosh Sir,
I must admit that yours is the most practical and safe strategy in our markets so far, While i have been into options trading for more than a year and always used DITM options, but this method of finding pivot points are really boosting my trades.

Apart from the trend confirmation strategy that you suggest (20 points from open and confirming at intervals), i am also looking at stoch crossovers and RSI to confirm trend and the accuracy is good.

Hats off to you for creating this thread and sharing knowledge, i have learned a great lot from you, also your strategy insists on clear discipline which is excellent.

Thanks a lot to you and all the contributors.

Regards
Kris

Dear Kris,

Thanks for all your appreciations and support.

Regards

 

[ka2931]

I think touchraj is more or less correct.As per Mr.Ghosh recommendation for this week(where R1-S1 is within 300 & 400)you've to buy more puts(Nifty being bearish) of Strike Price-4000(at R1) and less calls of Strike price-3700(at S1) at market price prevailing around 10-30 to 10-45 AM trend or 12-30 PM or 3 PM trend.

If I'm anyway wrong,please correct me.
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Dear Touchraj;
In my opinion what Mr. Ghosh meant is that when nifty is around 3700 buy calls ; & nifty is around 4000 , buy puts.
I am certain that he did not mean us to buy puts of 4000 & calls 3700 straight away.
Rgds.; penchant

 

[ghosh_ak34]

R/Ghosh Sir,
I am fresher for this thread so please need your guidence. I read the first post but still confused. As you stated R1=4000 & S1=3700 and "Nifty is bearish so buy more puts than calls", is it means buying call of 3700@... and put of 4000@... whatever price as per trend. Where in the last week,put 4000 close at 242 and call 3700 close at 247....something. I am going right or totally wrong????
Thanks in advance...
Raj

Dear Raj,

You need to buy puts of 4000 strike price when trend is down by 20pts in the intervals mentioned in 1st post i.e. at 10:30-10:45Am, 12:30 PM, 3:00 PM and buy calls at 3700 if trend is up by 20pts in these intervals.

So, buy 2 or 3 puts at 4000 if trend is down and buy 1 call at 3700 is trend is up as per "trend check" strategy posted in 1st post of this thread.

Please read the 1st post again and again to understand it better. Its recomended to refer 888optios dot com to understand the basics of options before you read the 1st post for better understanding.

Regards

 

[sakti]

Dear Sri Ghosh

I have a question on option selling system and settlement in nse.

Suppose a stock X is trading at 900/_ just before closing of any day. The call option 900 CA of that stock is trading at Rs. 10/_. At the end of the day stock closed at 901/_.

1. Mr. A baught the 900 CA @10/_. As the stock closed above 900, he can exercise the contract. He exercised it and has taken a loss of Rs. 9/_.

2. Mr. B sold the contract at Rs. 10/_ and at the end of the day he exercised / assigned the contract. Will he be eligible to exercise / assign the contract at the end of the day. If yes, will the profit of Mr. B will be Rs. 9/_.

Kindly answer my question, it will be very much helpfull to me.