Option Buy Recomendations

[ghosh_ak34]

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

 

[addme_1]

please suggest 4 lots NF or 4 call 4600 or square off some of the loss making puts?
All are of sept series.

 

[ghosh_ak34]

please suggest 4 lots NF or 4 call 4600 or square off some of the loss making puts?
All are of sept series.

Dear addme_1,

Your question is totally not clear. Please ask questions properly.

Regards

 

[magnanimous]

Hi Mr. Ghosh,

Your commended strategy sounds groovy... I'm just on my way to grab 'em.....

*** Have a Great Weekend ***

Madhav

 

[aditya14]

please suggest 4 lots NF or 4 call 4600 or square off some of the loss making puts?
All are of sept series.

Lose half of ur puts or to hedge u can buy out of money calls as they will be less costly.4800 calls khareed lo 2-3 to hedge ur enormous puts.

 

[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 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

 

[addme_1]

Lose half of ur puts or to hedge u can buy out of money calls as they will be less costly.4800 calls khareed lo 2-3 to hedge ur enormous puts.

can i wait since market is range bound.

 

[joysuryas]

Ghosh Da,

Can you suugest some good books to learn option trading?

Thanks

Joy

 

[aditya14]

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.

 

[abigbull]

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