Option Buy Recomendations

[ghosh_ak34]

Ghosh sir, I am holding 2800 puts @ 125 and 2300 puts @ 35 hoping for nifty to go down. Now when i see europe and american indices for friday eod, its very disappointing that my buys will be in loss next week. Do you think bear is still alive?

Dear Vagdwd,

I think you should have hedged your positions. Will reco. to exit 2300 Put and buy a call at 2800 instead. Hold onto 2800 put. Keep total SL for this setup = Rs 5000 per lot (max) or 30% of the total cost. Do not enter into any trade before 10:30AM.

Overall, will reco. to trade as per strategy posted in 1st post of this thread.

Regards

 

[columbus]

There is lot of build-up seen in the range 2700-3200 ,we call this range as the trading range for this week.

 

[ramdev6]

I am new trader in option trading, please give me buy calls in stock(call&put)options.

 

[ravibob007]

Ghoshji , I have purchased 2900 put at 162 , it went to 80 and now it has come back to 165 . Whats your reco on this ? should i exit now (with no loss) or can i hope for more downside in nifty

 

[ghosh_ak34]

Ghoshji , I have purchased 2900 put at 162 , it went to 80 and now it has come back to 165 . Whats your reco on this ? should i exit now (with no loss) or can i hope for more downside in nifty

Dear Ravibob007,

You can hold on to Nifty 2900 put while keeping a watch at Nifty 2820. If it breaks below 2820 then, we might see another free fall till 2600 / 2500 or so.

Regards

 

[tomdickpary]

pls tall me todays i was long in 3000 call .i was right or wrong

 

[tomdickpary]

gosh sir can u pls teach me how to tread in nifty fetcher. its is possible i wanna touch with u in market hours. pls sir help me. give me ur mg i - d

 

[cheeku]

.................. If (R1 - S1) >= 300 and <400 then,
Buy calls at S1 and puts at R1 as per trend stated in "How to check trend and buy options". In case of bearish market buy more puts (e.g. 3-4 lots) than call (e.g 1 lot) and in case of bullish market buy more calls (e.g. 3-4 lots) than put (e.g. 1 lot).....................

Sir,
I am paper trading your strategy and have one doubt with respect to above quote.

This week R1-SI= 300-400.
As market is bearish, supposed to buy 3puts and one call as per trend finder.
Yesterday, nifty was +20 at 10.45 am so bought one call at weekly S1.
At 12.30pm, difference was less than 20 so took no decision.
At 3.00 pm, difference was more than -20, so bought three puts at R1.

Now if I am to hold position overnight, should I need to buy two more calls to cover my position or one will be sufficient.
Thanks in advance and regards.

 

[ghosh_ak34]

Sir,
I am paper trading your strategy and have one doubt with respect to above quote.

This week R1-SI= 300-400.
As market is bearish, supposed to buy 3puts and one call as per trend finder.
Yesterday, nifty was +20 at 10.45 am so bought one call at weekly S1.
At 12.30pm, difference was less than 20 so took no decision.
At 3.00 pm, difference was more than -20, so bought three puts at R1.

Now if I am to hold position overnight, should I need to buy two more calls to cover my position or one will be sufficient.
Thanks in advance and regards.

Dear Cheeku,

If you have taken 3 puts at R1 = 3200 then ( when R1~S1 is within 300-400 range and trend is bearish ), buying one call will be sufficient.

However, hedging could also be done depending on your budget / money management.

Regards

 

[praveen taneja]

No naked calls are correct. If you have bought puts or have shorted Nifty then, to hedge them buying calls by EOD, would have been better.



sir i hav one querry on that?? like if u hav hedged ur position with shorting nifty or buying put in that case too watever way mkt go u will b surely in loss n if u had taken time to exit u will had loss in both call as well as put due to time decay
so wat strategy u had chosen after u will b in a strangle to get out of ur position???
if u had sold one then other will remain naked n if u sell both no chance of earning till the breakeven achieved
pls tell me as i always trapped in strangles n dont find a way to exit with profit thnx in advance