Option Buy Recomendations

[ka2931]

Hi Ghoshda,

Wish you a warm Subha Vijoya. Yes, it seemed Durga Mata blessed us all. I enjoyed Durga Puja and I traded nifty profitably despite of some mistakes. Sir, your option strategy is incredible and doing great.Tons of thanks.


kaushik



WISH YOU ALL VERY VERY HAPPY VIJAYADASAMI !!!

May God Durga Bless you All with Lots of Happiness and Good Luck.

Regards[/QUOTE]

 

[vasanth_ece]

Hi Ghosh,?
What is the trading strategy for next week .., means P1 and S1?

Reg
Vasanth

 

[ghosh_ak34]

Dear Friends,

For the week starting Mon-Fri R1=3700 and S1=3000. The R1~S1(=622) is outside the range [300,400) so trade next week as per sideways strategy posted in 1st post of this thread. Next week Nifty will be highly volatile so its recomended to square off all open positions before you call it a day.

S1=3000 but currently there is no strike price as 3000/3100 so treat the last active strike price as S1=3300.

Regards

 

[rahul1983]

Sirji,

Nifty is updating the option series on a daily basis now a days so i guess on Monday we will have 3200 series so should we take that for S1 ?

 

[rahul1983]

and i guess on tuesday wednesday they will add the 3100 3000

 

[ghosh_ak34]

Sirji,

Nifty is updating the option series on a daily basis now a days so i guess on Monday we will have 3200 series so should we take that for S1 ?

and i guess on tuesday wednesday they will add the 3100 3000

Dear Rahul,

Yes, whichever is closest to 3000 we will consider that as S1. So, in the absense of 3000/3100 3200 might also act as S1.

Regards

 

[VJAY]

Dear Vijay/KVram,

I am travelling so its v. difficult to connect to net while on move so requesting to read the 1st post for the answer. Would be able to answer only after 12th Oct.

Regards

Ghosh Sir,
Please clarify my following doubts.I think I doing wrong .
1.If morning we have bearish trend and def 10-10.30.45 is more than 20 then we buy Put.then at 12.30 the trend changed to bullish by 20 points then what can we do?sell current put and buy call or else.
If morning trend is bullish then can we buy more calls?
2.is no need to buy put and call at same time?
Please explain the positions if the trend changed(12.30) after the entry at 10.30

Thanks & Regards
VJAY

Ghosh Sir,

I hope I get ans to my questions today.

Thanks,Regards
VJAY

 

[ghosh_ak34]

Ghosh Sir,
Please clarify my following doubts.I think I doing wrong .
1.If morning we have bearish trend and def 10-10.30.45 is more than 20 then we buy Put.then at 12.30 the trend changed to bullish by 20 points then what can we do?sell current put and buy call or else.
If morning trend is bullish then can we buy more calls?
2.is no need to buy put and call at same time?
Please explain the positions if the trend changed(12.30) after the entry at 10.30

Thanks & Regards
VJAY

Ghosh Sir,

I hope I get ans to my questions today.

Thanks,Regards
VJAY

Dear Vijay,

Below is the answer to your query:

When trend is bearish at 10:30-10:45 by 20pts then, buy puts at R1 and hold with SL=30% from your buy price. And at 12:30 PM if trend reversed i.e. bullish by 20pts then, buy call at S1 and hold with SL=30% from your buy price. See you can to hold on to previous postions i.e. put at R1 in this case with SL=30% from your buy price.

Its all about your risk appetite and comfort level. Hold on to the previous positions with SL =30% after trend reversal or exit.

There is no need to buy both call and put at the same time. Buy as per trend check strategy posted in 1st post of this thread.

Regards

 

[kumark]

Hi Ghosh,

I have Query if we Exercise a Option say ICICI Call 420 (bought @ 25)when price become 455 does we get the the final price of 455-420-25 = 10Rs
or the settlement price will vary...(this is just for information..the premium is higher now).
I also plan to buy 420 PUT depending upon Trend...

Also i hold a 3300 Nifty PUT @ 175..shall i hold for this week there is no guarntee which way market will Go...

Things may change when you See this post..But Any information from you may will help for future trades...

Thanks & Regards

Kumar

 

[coolboy007]

Hi Ghosh,

I have Query if we Exercise a Option say ICICI Call 420 (bought @ 25)when price become 455 does we get the the final price of 455-420-25 = 10Rs
or the settlement price will vary...(this is just for information..the premium is higher now).
I also plan to buy 420 PUT depending upon Trend...

Also i hold a 3300 Nifty PUT @ 175..shall i hold for this week there is no guarntee which way market will Go...

Things may change when you See this post..But Any information from you may will help for future trades...

Thanks & Regards

Kumar

Sir

Though i am not a great analyst like ghosh sir , i feel you should have sq off your PE today itself if you dont hold any ce. It seems a short covering rally is goin on , nifty right now has momentum and support from world mkts to take it near 3800 also.
Dow fut are up 350 indicating a rally there too which will influence asian mkts tomorrow.

I am expecting a big rally for next 2 days , dont know when will it fizzle out.
My positions are
3600 ce 2 lots ( am bullish)

3400 pe 1 lot ( hedged so holding it till now though values is now half of what i invested

4500 ce 4 lots ( holding them from last 20 days ).

Lets see what happens
Best of luck