Option Logics

[santhosh2010]

@Santhosh2010

Why dont you just tell that all what you posted now in post 78 and 79 is from the book: The Bible of Option Strategies from Guy Cohen. Every body can find a free PDF about it in the net and will have hounderts of more information about any topic and not only what you past copy from your PDF you have into this thread. Even in other threads you do past copy about the same topic: Option Strategies.http://www.traderji.com/trading-diary/88670-nifty-options-trading-raj-559.html#post991896 Any problem with you or why do you post all over the same topic? Do you need attention like your friend TH does?

Somatung, Total 3 times i got warned message from site admin,Due to update some copyright materials in traderji forum... Now i edited post...can you upload pdf...

 

[Somatung]

Somatung, Total 3 times i got warned message from site admin,Due to update some copyright materials in traderji forum... Now i edited post...can you upload pdf...

As you mentioned: Not allowed to post such links in the open part of the forum. But if people are interested in the Book, they can Google by them selfs and will find any sources possible. Or they even can give you a PM and you change the link with them through PM. As far as I know this would not be a problem. Take care and have a nice weekend.

 

[santhosh2010]

 

[toughard]

Santhosh
-Instead of 3 legs just BUY 7650 CE ONLY, that's giving same results! more form less!!
-BTW try to post the payoff charts of your structures so that one can understand your strategies fast...

 

[santhosh2010]

 

[toughard]

Bearish Structure @ +2850
Butterfly @ +520

Today there as been an unconfirmed Island Reversal happened...
only NO Throwback will validates the reversal...

Island Reversals are Not that dependable reversal patter due to the fact that its created with two side GAPS which market will fill ASAP in most of the cases..

I will Wait and watch before I initiate any long side structures!!

 

[toughard]

Bearish Structure @ +310
Butterfly @ -270

Candle chart started to look like scattered chart with so many GAP'S around...
These gasp are sign of money less market, option writers manipulating nicely during pre market session to create unrealistic gaps using very small amount of cash... see the pic just 17 crores for 60+ gap and 6100+ crores for rest of 40 points in real market....

MAX OI PAIN, HOI PE, SPOT PRICE ALL MOVED 100 POINTS UP TODAY...
though its a very good bullish sign NS halted at 7720 R1 it may hit R2 at 7860... only concern is too many gaps below...

Holding both the structures during ping-pong-price and relaying more on day trading (chart link)


-

 

[toughard]

Bearish Structure @ +555
Butterfly @ -50

Apart from 5 point rise in NS all other data points are same...
Today I employed the best known option strategy ie., naked buying of an option
Just bought 50 7800 CE @ 47

 

[toughard]

Bearish Structure @ -1225
Butterfly @ -755
7800CE @ +950

The real fun about playing options & these structure is a "judicious loss" ie.,
-Advance fixed and accepted MAX loss
-less trades
-no hate trading
-chance to hold the trade at market's grace till the last point
-good RRR
-only thing needed is patience

My day trading chart.. if any one like to view

For a long weekend practice, original back spread which can be used for BREAKOUT and for anticipated LARGE MOVES which works good with stock options... which we be will taking up in near future!!

HAPPY INDEPENDENCE DAY!!!

 

[toughard]

After 3 day of gap nifty seen good action on long side!
MAX PAIN shifted to 7800!!
Today NS reached (breached?) R2 @ 7860

Now its getting interested as still 9 trading days left in this month as nifty seen tops and bottoms both...


7800 CE @ +2700
Bearish Structure @ -2555
Butterfly @ -1820

NEW TRADE -

Sold 7900 CE @ 44 as priced near R2 @ 7860 and it made with dual advantage
1. It protect the profits
2. This action is supported by the call which I already bought


---