Option Buy Recomendations

[ghosh_ak34]

Dear ghosh sir,

Not understand the bold part of your answer.Can we write options on these no trade days?how we enter the trade?

Dear Vijay,

No trend means Nifty will not move eitherway it means AT money or OTM option will correct because of lack of direction in the underlying. So, writing AT money or OTM option could be a winning trade. E.g. writing 4600 call, 4700 call or writing 4600 put could be profitable. Offcourse one has to maintain a SL or hedge ones trade.
To find these trades watch the volume, open int. of AT money or OTM call / put. And when charts (lack of direction i.e. previous interval +/- 20 up or dwn as per trend check strategy doesn't hold good) and data (vol. and open int.) give confirmation then, goahead and write the option that qualifies these data.

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 4472
Support at 4300

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 strategy posted in 1st post of this thread.

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 4532
Support at 4375

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 strategy posted in 1st post of this thread.

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 4472
Support at 4295

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 strategy posted in 1st post of this thread.

Regards

 

[kkronline]

give me more details about hedge in your call with one example.

 

[magnanimous]

Hi Mr. Ghosh,

First of all, lemme congratulate you for commencing such an informative thread.

Myself, I'm newbie on the block & just acquired some awareness 'bout Options, but I got 1 query i.e., "as expiration of August contracts are nearing can I still trade in Nifty options??? or else do I need to trade in September Contracts??"

Best Regards,

Madhav

 

[ghosh_ak34]

Hi Mr. Ghosh,

First of all, lemme congratulate you for commencing such an informative thread.

Myself, I'm newbie on the block & just acquired some awareness 'bout Options, but I got 1 query i.e., "as expiration of August contracts are nearing can I still trade in Nifty options??? or else do I need to trade in September Contracts??"

Best Regards,

Madhav

Dear magnanimous,

As advised, in the 1st post of this thread, please trade in next months options after 20th of current month.

Regards

 

[magnanimous]

Hi Mr. Ghosh,


Thanx a lot for your prompt response....


I got 1 more query i.e., if market is bearish then instead of buying puts can I sell calls of this month & vice versa??? {as expiry is nearing the price would however goes down, so I thought it this way, but I don't know how far it works}

Cheers.........

Madhav

 

[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 4513
Support at 4402

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 strategy posted in 1st post of this thread.

Regards

 

[ghosh_ak34]

Hi Mr. Ghosh,


Thanx a lot for your prompt response....


I got 1 more query i.e., if market is bearish then instead of buying puts can I sell calls of this month & vice versa??? {as expiry is nearing the price would however goes down, so I thought it this way, but I don't know how far it works}

Cheers.........

Madhav

Dear magnanimous,

Will never prefer option write for newbies. However, one can write calls at R1+200 and puts at S1-200 (Reco. Ratio 2calls : 1 put).

Regards