Option Buy Recomendations

[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 4665
Support at 4545

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]

I have initiated the following trade today.

Sell Nifty 4300P
Sell Nifty 4900C

Total Premium collected: 4421 on 23K margin.

I have not initiated the hedges yet but i will be employing the wings soon.Anyways do you think that this is a good trade or not? basically an Iron condor with no wings.
Will i fly or will i die?
Iam more worried about the break on upside then the downside.

 

[terminator_123]

I have initiated the following trade today.

Sell Nifty 4300P
Sell Nifty 4900C

Total Premium collected: 4421 on 23K margin.

I have not initiated the hedges yet but i will be employing the wings soon.Anyways do you think that this is a good trade or not? basically an Iron condor with no wings.
Will i fly or will i die?
Iam more worried about the break on upside then the downside.

Since range is long(600 points) and both the ends are known to be strong res, supp, don't you think keeping a strict stop loss is better than wings ?

 

[aditya14]

Since range is long(600 points) and both the ends are known to be strong res, supp, don't you think keeping a strict stop loss is better than wings ?

What do you think should be the stop-loss.I was actually thinking of riding this month and keeping the premium.As its a small month maybe the volatility will be high and thus stop loss shud be carefully thought out.

What do you think is ideal stop-loss?

I agree with you but wings are more of an insurance which i don`t think i need at this point, i can always buy wings as i don`t see a major move in 1 day happening.

 

[terminator_123]

What do you think should be the stop-loss.I was actually thinking of riding this month and keeping the premium.As its a small month maybe the volatility will be high and thus stop loss shud be carefully thought out.

What do you think is ideal stop-loss?

I agree with you but wings are more of an insurance which i don`t think i need at this point, i can always buy wings as i don`t see a major move in 1 day happening.

It depends on your risk appetite but I keep 2% of my account size as the sl. I read it in Dr. Elder's book and kept on following religiously

 

[sethmohit79]

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 4665
Support at 4545

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

Dear Mr. Ghosh,

I am new to this forum can you please explain this.

Regards.

 

[aditya14]

It depends on your risk appetite but I keep 2% of my account size as the sl. I read it in Dr. Elder's book and kept on following religiously

I don`t think thats feasible with options dude.Correct me if iam wrong.

 

[ghosh_ak34]

I have initiated the following trade today.

Sell Nifty 4300P
Sell Nifty 4900C

Total Premium collected: 4421 on 23K margin.

I have not initiated the hedges yet but i will be employing the wings soon.Anyways do you think that this is a good trade or not? basically an Iron condor with no wings.
Will i fly or will i die?
Iam more worried about the break on upside then the downside.

Dear aditya14,

You can hold this with SL=Rs2000/-. Its okay! So, far Nifty doesn't closes above 4755. If you see that by 3:15 PM or near closing Nifty trading at 4755 then exit from this setup.

Today : it seems you can hold it. Not expecting any major upmove.

Nifty is slowly moving down.

Regards

 

[abigbull]

Dear aditya14,

You can hold this with SL=Rs2000/-. Its okay! So, far Nifty doesn't closes above 4755.
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Here Ghosh Sir why have u mentioned 4755 as aditya had sold 4900 Call so if the Nifty goes above 4900 only then he will be at loss right ?

and at the start of the week u said u will sell 4700 call and true to it the Nifty is only going down . u r fundooooooooo .

 

[ghosh_ak34]

Dear aditya14,

You can hold this with SL=Rs2000/-. Its okay! So, far Nifty doesn't closes above 4755.
-------------------------------
Here Ghosh Sir why have u mentioned 4755 as aditya had sold 4900 Call so if the Nifty goes above 4900 only then he will be at loss right ?

and at the start of the week u said u will sell 4700 call and true to it the Nifty is only going down . u r fundooooooooo .

Dear abigbull,

See its all about sentiments. Nifty if breaks 4755 and closes above this then, traders might become bullish and volatility of 4900 call will start to increase hence its better to hold 4900 write till 4755 is broken.

Regards