Option Logics

[toughard]

New Bullish Combo Initiated looks like a low probability one as 7700CE OI is still strong...

But with the following reasons-

 

[toughard]

Both Side Structure @ +7000
Bullish Structure @ +6300
Bearish Structure @ +700

 

[toughard]

Dear all...

Reverse butterfly started indicating.. please see below structure

by this Friday/Coming Monday I think it will be nicely placed for execution!!!
Lets keep a Tab on this.

Both Side Structure @ +8050
Bullish Structure @ +7700
Bearish Structure @ +350
Bullish Combo @ +1400
one can hold bullish combo till an EOD clarity obtained out of 7700CE & 7800CE OI as both are almost equal as of now....

 

[toughard]

OI MAX PAIN @ 7700

Bearish Structure @ -200 (exited @ -200 as it may fund our possible Reverse Butterfly latter)

Both Side Structure @ +9900
Bullish Structure @ +10300
Bullish Combo @ +4350

 

[toughard]

Both Side Structure @ +10550
Bullish Structure @ +10800
Bullish Combo @ +4900


MAX PAIN @ 7700
MAX OI PE shifted to 7700

 

[toughard]

Both Side Structure @ +11000
Bullish Structure @ +11300
Bullish Combo @ +6650

Apart from nifty closed at life time high rest all data points are almost same!!

 

[lemondew]

Hi raj,

Just like you sell 2 pairs lets say for example 7600 and 8100 based on your computation. In iron condor you basically sell 7600 and buy 7500 and sell 8100 and buy 8200. So incase your calculations go wrong still the loss is taken care of by buying 2 addditional pairs. This is same like having some stop loss of 20 which you put. In this case the stop loss is made by buying further OTM.

Thanks

Hi,

In Layman terms, What is a Condor?

Is it is Bullish or a Bearish strategy or a Neutral Strategy ?

What is the Role of IV in Condor ? Does it Affect or is it neutral ?

In a normal situation let us say we apply this on NIFTY options, Is it a Daily / Weekly / Monthly strategy ?

I have been using some simple strategy using open Interest and Change in Open interest and Price movement, which has been giving decent returns.

But I want to know how different is Condor and what would be the returns?. Of course I can google it and find out But I just wanted to know since you have been using it.

 

[timepass]

Hi raj,

Just like you sell 2 pairs lets say for example 7600 and 8100 based on your computation. In iron condor you basically sell 7600 and buy 7500 and sell 8100 and buy 8200. So incase your calculations go wrong still the loss is taken care of by buying 2 addditional pairs. This is same like having some stop loss of 20 which you put. In this case the stop loss is made by buying further OTM.

Thanks

You would do this, if you think that the range for the series is 7600-8100 or 7500-8200 ??

 

[lemondew]

7600-8100 would be range. Loss starts if nifty moves beyond 8100+ initial credit received. Max loss = 8200- (8100+ initial credit). Same on downside.

You would do this, if you think that the range for the series is 7600-8100 or 7500-8200 ??

 

[toughard]

Both Side Structure @ +11900
Bullish Structure @ +12200
Exited both as Nifty Resisted @ life time high and to just take out the profits as both are ~10% on investment!!

As this structure is with low risk awa low in profits keeping it...
Bullish Combo @ +4400

Will try to post this month summary by next week along with Reverse Butterfly Structure!

Till then, take care!

Toughard