Option Logics

[toughard]

Closed both..

Risk Reversal @ +1450
7900 CE @ +1250

Bearish Structure @ -3020
Butterfly @ -2800

Rest closed like above!

 

[toughard]

The pic is self explanatory..

Bearish Structure @ -3020
Butterfly @ -3025

Holding both as a matter of principle will close them by EOD!!

 

[toughard]

Aug 2014 series update - 5 trades
7800 CE Closed @ +2900
Risk Reversal @ +1450
7900 CE @ +1250
Bearish Structure @ -3000
Butterfly @ -2900

Aug Nifty Points -6 Points & -Brokerage

This is one of the primary reason that I like to play structures!!
Even when one is confused and unaware of trend & make mistakes he will NOT lose a fortune & confidence in market!!!

The factors influenced the less or not so effective structures this month are-

- Started the series with kind of directional and range bond bias(resulting is wrong structures)
lesson- Next will approach the market with openness as required

- Relayed (guessed) on few assumptions arised from studies which I dont believe or not so studied indicators like VIX ( resulting in abandoning of direction structures early in the contract)
lesson- will not use which I don't believe awa which I don't understand

This is one of the important table for our further traders in coming contracts!
Just look at the max pain 7950 and NS closed @ 7950!!!
-Planning to take the directional structures if price is crosses the OI MAX PAIN
-Planning to take structures when price bounced or touched the Res & Sup of MAX OI
-One can use the R1,R2,S1,S2 for possible adjustments or exit plans


Aug Nifty Points = -6 Points & -Brokerage
July Nifty Points = 862 Points & -Brokerage


Wish you all a very Happy Ganesha Chathurthy Festival !!
May the lord of wisdom bless one and all with the right market sense for better profits ahead!!!

Regards,
Toughard

 

[rh6996]

Taking a directional view on Nifty have Bought Sep series 7700 CE at 269.30 X 2
and Sold Sep NF 8100 strike CE at 50.40 X4
Shall exit 7700 CE when Sep series Nifty closes below 7688.

On August Closing (28th Aug) 7700 Sep CE did a high of 310/- and closed at 307.00
8100 Sep CE did a high of 65 and closed at 56 !

 

[rh6996]

Taking a directional view on Nifty have Bought Sep series 7700 CE at 269.30 X 2
and Sold Sep NF 8100 strike CE at 50.40 X4
Shall exit 7700 CE when Sep series Nifty closes below 7688.

Have exited all 4 lots of 8100 CE Sep at open at ~69.xx, loosing
4x50x19=Rs. 3800.00

Holding 2X50 7700 CE Long , CMP 359!
Shall exit when I see a turn in trend intraday! At present sideways. Or shall exit at close!

 

[rh6996]

Have exited all 4 lots of 8100 CE Sep at open at ~69.xx, loosing
4x50x19=Rs. 3800.00

Holding 2X50 7700 CE Long , CMP 359!
Shall exit when I see a turn in trend intraday! At present sideways. Or shall exit at close!

Exited 1 lot 7700CE at 370.xx , giving a gain of Rs.5000/-

 

[rh6996]

Still holding 7700CE and sold 2X50 8200 CE at close @49.55 !

 

[rh6996]

Exited 7700CE Sep at 444 ! Gain approx : 8700.00
Holding Shorted 8200 CE ! CMP 66 : Loosing approx 1650/-

 

[rh6996]

Exited 7700CE Sep at 444 ! Gain approx : 8700.00
Holding Shorted 8200 CE ! CMP 66 : Loosing approx 1650/-

Exited 2 lots short in 8200 CE today at 68, at a loss of ~1850/-

 

[toughard]

rh6996 good going!! try to define the logic for your trades so it will help all of us to learn something..

for ME its a...