Option Buy Recomendations

[manoranjan panda]

Ghosh Sir
I have sold 1 lot of 2500 PE NIFTY March expiry @ 93.1
LTP was 98.
Now I want to hedge it by buying a PE. Which one should I buy?

 

[ghosh_ak34]

Ghosh Sir
I have sold 1 lot of 2500 PE NIFTY March expiry @ 93.1
LTP was 98.
Now I want to hedge it by buying a PE. Which one should I buy?

Dear manoranjan panda,

Will reco. you square off 2500 put.

Please note 2500 Put closed at 101.25 not 98. Refer nseindia . com

Regards

 

[VJAY]

Ghosh sir,

Please explain some about PCR in options.and how this related with our trading in options.

Regards
VJAY

 

[ghosh_ak34]

Ghosh sir,

Please explain some about PCR in options.and how this related with our trading in options.

Regards
VJAY

Dear Vijay,

Please refer to training material on options to understand these. The foucs of this thread is not imparting training.

Regards

 

[ghosh_ak34]

Dear manoranjan panda,

Will reco. you square off 2500 put.

Please note 2500 Put closed at 101.25 not 98. Refer nseindia . com

Regards

Dear manoranjan,

You can also hedge your 2500 Put write by writing 3000 calls.

Regards

 

[sanego]

Originally Posted by sanego View Post
Thanks,

But unfortunately Today I was not able to exit 2900 CE at 90. Its 68 now.
Can you suggest what can be done ahead with this trade.
You should have exited from it. Will reco. an exit.
Regards

================================
Exited at 2900 ce @ 70.
Can you recommend me some other put/call.
Thanks.

 

[ghosh_ak34]

Originally Posted by sanego View Post
Thanks,

But unfortunately Today I was not able to exit 2900 CE at 90. Its 68 now.
Can you suggest what can be done ahead with this trade.
You should have exited from it. Will reco. an exit.
Regards

================================
Exited at 2900 ce @ 70.
Can you recommend me some other put/call.
Thanks.

Dear Sanego,

Please refer to 1st post of this thread, I have posted strategy on trading Nifty options.

Regards

 

[ghosh_ak34]

Dear Friends,

For Nifty Future traders who would like to trade as per trend check strategy posted in 1st post of the thread, Nifty levels for tomorrow are as under:

Resistence at 2811
Support at 2720

If you go short 1 lot then, buy 1 lot at money or near money call and if you go long 1 lot then, buy 1 lot at money or near money put to hedge. Reco. to trade as per trend check strategy posted in 1st post of this thread.

Regards

 

[VJAY]

Ghosh Sir,
Whats are difference in normal day strategy (R1-S1=300>400) and sideway strategy(>300,<400)?
for enter we use same strategy in both normal & sideway days.

Sorry I read 1st post so many times but I have this doubt.
please give some notes about what we do exactly when on normal day and sideway day.
If with examples its helps.
Regards
VJAY

 

[ag_fx]

Dear Friends,

For Nifty Future traders who would like to trade as per trend check strategy posted in 1st post of the thread, Nifty levels for Monday are as under:

Resistence at 2800
Support at 2677

If you go short 1 lot then, buy 1 lot at money or near money call and if you go long 1 lot then, buy 1 lot at money or near money put to hedge. Reco. to trade as per trend check strategy posted in 1st post of this thread.

Regards

Dear Friends,

For Nifty Future traders who would like to trade as per trend check strategy posted in 1st post of the thread, Nifty levels for tomorrow are as under:

Resistence at 2811
Support at 2720

If you go short 1 lot then, buy 1 lot at money or near money call and if you go long 1 lot then, buy 1 lot at money or near money put to hedge. Reco. to trade as per trend check strategy posted in 1st post of this thread.

Regards

Sir,
I have a small query.
How come R1 & S1 levels change with every morning? I have read your first post and it isnt quite clear there.
I will try to post my query with an example:

Suppose we are trying to find R1 & S1 for Monday,2nd feb. According to my understanding, you would take the High,Low and Close for the week 26Jan-30Jan to arrive at R1 & S1 levels to trade.
So far, so good.

Now, if I am trying to find out the R1 & S1 levels for Tuesday,3rd feb, what would I be doing? Would I take the High,Low, Close for the week 27Jan-2Feb to arrive at R1 & S1 or do I carry on using the levels calculated in the above step.


If you follow the second method, I would seek your advise too.
I was trying to calculate the levels for today,4th Feb. I used the High,Low,Close for the week 28Jan-3rd Feb as follows:

Hugh: 2881(30 Jan)
Low:2752.9(3rd Feb)
Close:2783.9(3rd Feb)

and arrived at the following levels:
P=2805.93
R1=2858.96
S1=2730.86
which are much different than levels posted by you. Kindly advise me, as to where am I going wrong.

Thanks