Option Buy Recomendations

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ghosh_ak34

Well-Known Member
Dear Friends,

Following reco. is for Nifty option writers :

(1 lot each)

Write Nifty August 4800 Call (CMP 105)
Write Nifty August 4200 Put (CMP 66.5)
Write Nifty August 4100 Put (CMP 48.1)

with total SL= Rs 2000 and target = Rs 7000 per lot
Total Premium = 210.6

Profitable between 4400 and 4800 levels.

Regards
Dear Friends,

Those of you who has taken above trade could hold the trade till expiry.

CMP for Nifty August 4800 Call = 4.95 (P/L = 100.05 X 50 = Rs 5002.50
CMP for Nifty August 4200 Put = 5.25 (P/L = 61.25 X 50 = Rs 3062.50
CMP for Nifty August 4100 Put = 2.65 (P/L = 45.45 X 50 = Rs 2272.50

Total Profit = Rs 10,337.50 per lot

Regards
 

ghosh_ak34

Well-Known Member
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 4625
Support at 4445

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
 

aditya14

Well-Known Member
can i wait since market is range bound.
Range bound but next series may start up with a correction or a big move upwards.This won`t last imho.But instead of waiting why not make money from calls as the market is moving upwards and then cut them around 4650-4700.

What iam saying is if u wait for your puts to start making money and market edges up ur losing the chance to make money on the upside.

PS: i do believe a correction is due and that may happen in september but its no reason to take loss for the days when market inches up and ur puts lose money due to time decay.
 
CMP for Nifty August 4800 Call = 4.95 (P/L = 100.05 X 50 = Rs 5002.50
CMP for Nifty August 4200 Put = 5.25 (P/L = 61.25 X 50 = Rs 3062.50
CMP for Nifty August 4100 Put = 2.65 (P/L = 45.45 X 50 = Rs 2272.50
Total Profit = Rs 10,337.50 per lot

Ghosh Sir
I understand that u had recommended the following Write at the time of July expiry . 2 Puts and 1 call so it was a hedged position . with a bullish view .
Is this a good way of hedging or a naked buy Call against a Call Sell is advised ?
My other Question is when is the right time to write as when we near the expiry we have the cushion of the time decay acting fast in our favor but the premiums are very low and if i write way before the expiry i will have to face the volatility .which can be deadly :confused:
 
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