Option Buy Recomendations

[mrkanitkar]

Ghosh sir,
Need your guidance.
I am in following position. What should I do?
1. Nifty 5000 - PE bought at 148.25 - 100 units - 2 lots. LTP- 118.00 - Loss as of now - 3025/-
2. Nifty 4900PE - bought at 106.78 - 150 units - 3 lots . LTP - 84.00 -Loss as of now 3417.50/-

Thanks in advance.

 

[kanaka]

I have Nifty jun options for 5400 label. This the first time I traded in options and bought tht lable as it was 32/- tht time.
)
But now it is 8/-.

Leave my situation. My question is how many of you think tht Nifty will touch 5400 by Jun24?????

 

[ghosh_ak34]

Ghosh sir,
Need your guidance.
I am in following position. What should I do?
1. Nifty 5000 - PE bought at 148.25 - 100 units - 2 lots. LTP- 118.00 - Loss as of now - 3025/-
2. Nifty 4900PE - bought at 106.78 - 150 units - 3 lots . LTP - 84.00 -Loss as of now 3417.50/-

Thanks in advance.

Dear lakhanisanjay1,

It seems some more upside movement in Nifty is left before re-start of correction. But you might loose more since you have not hedged.

You can retain the short position with following options or exit from this position depending on your risk appetite:

1) write 4800 call - 3 lots and hold 4800 puts and sqr. off 5000 put
or
2) buy 5000 call - 2 lots and sqr. off 4900 put

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:

Resistance at 5130
Support at 5050


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.

Market View:

We might see some more upside movement before re-start of correction.
So, those of you who are having long positions can start reducing long positions.

Regards

 

[ghosh_ak34]

I have Nifty jun options for 5400 label. This the first time I traded in options and bought tht lable as it was 32/- tht time.
)
But now it is 8/-.

Leave my situation. My question is how many of you think tht Nifty will touch 5400 by Jun24?????

If Nifty crosses 5250 then, its possible for it to cross or touch 5400 in June itself.

Global clues are improving so let watch.

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:

Resistance at 5150
Support at 5072


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.

Market View:

Correction is on cards. So, would reco. to start square off longs.


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:

Resistance at 5062
Support at 5000


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

 

[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:

Resistance at 5030
Support at 4900


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.

Market is expected to remain bearish. Some more downside is not ruled out. However, we might see some small bounce backs.

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:

Resistance at 5070
Support at 4950


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

 

[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:

Resistance at 5142
Support at 5050


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