Option Buy Recomendations

[ka2931]

Dear Ghosh Sir,

Lots of thanks for your great system.Though we had the great opportunity to earn good profit last week,I failed to do that much due to some silly mistakes.Actually I've a confusion regarding your strategy.Please explain me the below points:

1.If Nifty opens gap-up a few points or gap-down a few points and rallied up to more than 100 pts and then slips down-how can I check the trend at 10-30 or 12-30?

2.What do you mean by Trailing Stop Loss? Suppose if I bought 3700 PE at Rs. 500 premium and it reached Rs.600---is it Rs.510 or Rs.540 ?


Regards

kaushik

 

[ghosh_ak34]

Dear friends,

For the week starting Mon-Fri R1=3500 and S1= 2900 and R1~S1 outside [300,400) so trade as per sideways strategy posted in 1st post of this thread. Next week Nifty will be highly volatile so trade with cautious. We might see some sukker rallies. Trade in next months i.e. Nov. series options.

Regards

 

[ghosh_ak34]

Dear Ghosh Sir,

Lots of thanks for your great system.Though we had the great opportunity to earn good profit last week,I failed to do that much due to some silly mistakes.Actually I've a confusion regarding your strategy.Please explain me the below points:

1.If Nifty opens gap-up a few points or gap-down a few points and rallied up to more than 100 pts and then slips down-how can I check the trend at 10-30 or 12-30?

2.What do you mean by Trailing Stop Loss? Suppose if I bought 3700 PE at Rs. 500 premium and it reached Rs.600---is it Rs.510 or Rs.540 ?


Regards

kaushik

Dear Kaushik,

Ans 1: Yes, we will keep checking the trends at 10:30-10:45 AM, 12:30 PM and 3:00 PM, we should maintain our SL=30% from our buy price. If you are not comfortable at any point then, better do not trade.

Ans 2: Trailing SL = 10% of CMP. In this case it will be 540 where CMP= 600 and buy price = 500.

Regards

 

[ghosh_ak34]

Sirji how are you , this week was great for options trading

so what are the levels for next week R1 and S 1 ?

I am getting addicted to trading , sat sun is very hard to pass now , Monday 9.55 ka hi wait rehta hai

is it a good or a bad thing

Dear Rahul,

R1=3500 and S1=2900. Addiction is not good. Control yourself otherwise it might lead to problems while trading.

Regards

 

[ghosh_ak34]

dear ghosh sir, for next week Res-3500,SUP--2900 .Thank you plz if any correction .this week is good options ,once again thanks a million .

Dear KVRam,

Yes, you are correct. Trade with lots of caution, Nifty is trading continuously in oversold zone, so it might see sudden up move any time which might put you in losses so would reco. not to be aggressive and trade with suitable no. of lots.

Regards

 

[ghosh_ak34]

ghosh sir,
i have nifty call @3300 with 200 premium, what should i do?

Dear Tushar,

Your SL has been hit better exit as expiry is also nearing. Always hedge your position and never keep any position open by EOD.

Regards

 

[rahul1983]

You mean we buy PUTS and CALLS of NOV Series for R1 and S1 ?

but in Nov series lowest call is of Nifty 3050 and we have S1 @ 2900

so we take 3050 as S 1 ?

 

[rahul1983]

You mean we buy PUTS and CALLS of NOV Series for R1 and S1 ?

but in Nov series lowest call is of Nifty 3050 and we have S1 @ 2900

so we take 3050 as S 1 ?

In Oct too lowest Call is of 3050

Ghos Sir plzz clear this dout for trading next week we buy R1 and S1 of Oct series or Nov series

 

[ghosh_ak34]

In Oct too lowest Call is of 3050

Ghos Sir plzz clear this dout for trading next week we buy R1 and S1 of Oct series or Nov series

Dear Rahul,

You can take the last active strike price = 3100 of Nov. series as S1 in case strike price 2900 is not available.

Regards

 

[kumark]

Hi Ghosh,

I am having difficulty in Setting targets for Option premiums..2 times i Squared off positions too early

What factors we need to consider when Setting targets as it difficult to Hold on profits unlike Stocks..

Currently i hold 2 positions 1 Nov PUT 3100 @ 130 & Nov CALL 3400 @ 120...(i bought call this on friday evening after Squaring off my 3100 Oct PUT @179 ,bought at 90, as you always mentions not to Hold @ EOD any positions without hedging)

Thanks & regards
Kumar