Option trading strategies that i hope will work.

[tomdickpary]

hi buddy i have 2600 put @85 and now cmp is 67 .can i hold it or exit on monday morning.

 

[coolboy007]

Hello Detrich ,

Nice to see you back on the forum after a long time.
best of luck.

 

[detrich]

Hello Detrich ,

Nice to see you back on the forum after a long time.
best of luck.

Thank you.

 

[Sudershan1234]

Mr detrich ,

I am new to this forum and usually trade in options so i think i have landed in the right place. You seem to be a good analyst seeing your last posts in this thread.
Here are my positions and please tell me what to do?


3 lot 2800 PE at 111
1 lot 3100 CE at 98.

Please suggest me what to do??? Do you think mkts will rise the whole week.
Thank you.

 

[praveen taneja]

today whole mkt can rise but after that rise can go in to hole......... watch nifty future trading thread 2 for furthur confirmation at mkt time

 

[detrich]

Mr detrich ,

I am new to this forum and usually trade in options so i think i have landed in the right place. You seem to be a good analyst seeing your last posts in this thread.
Here are my positions and please tell me what to do?


3 lot 2800 PE at 111
1 lot 3100 CE at 98.

Please suggest me what to do??? Do you think mkts will rise the whole week.
Thank you.

Dear Sudarshan,

I am sorry currently I have no views on that. Sorry for the late reponse. Good Luck!

 

[Sudershan1234]

Dear Sudarshan,

I am sorry currently I have no views on that. Sorry for the late reponse. Good Luck!

Thanks Detrich

No problem i will try to get a opinion from someone else. You have no view on markets , that is pretty strange.

 

[nagendra_gb]

Mr detrich ,

I am new to this forum and usually trade in options so i think i have landed in the right place. You seem to be a good analyst seeing your last posts in this thread.
Here are my positions and please tell me what to do?


3 lot 2800 PE at 111
1 lot 3100 CE at 98.

Please suggest me what to do??? Do you think mkts will rise the whole week.
Thank you.

Hi My friend..

When you are in option buy side you should be pretty fast.. here ur position is not completely hedged. When markets made HH formation at 2875 and started moving up you could have squared off ur puts. Options when you buy are like ice cubes on hand it will start to melt very fast. i feel may be tomorrow we can open gap up .. so be carefull with ur puts .. try to square off them as soon as possible when markets move against you. You can even take decision based on 60 min flow method.. they are long from last two days..

 

[terminator_123]

Dear terminator_123,

Thanks a lot for your encouragement. My first advice to anyone who asks me about options is to remember options at end of the day is worthless so do not enter it unless you have something that indicates something concrete. It is never a good strategy to average down an option because of the time decay. That is why strangles always lose money at most of the time. What you did here was a little variation of swing trading in options. Now from all accounts I gather you have around 4 Call lots that i can calculate and 5 Call lots mentioned by you. What my suggestion will be is to exit the calls at 3050-3060 I may be wrong but believe me if I am right it will bring more pain. As for the puts they are something which I will be comfortable having and 2700 is something little fine. My advice will be to exit the CE(Fully whole lots) or partially if u wish and buy myself an deep ITM of say PE-3100. When the market opens. I expect you to be in green by end of the month. Good Luck! See you on Monday and yes thank you for the encouragement.

Just wanted to thank for the suggestion. I broke even yesterday and bought 3100 pe instead (rally with low volumes hardly lasts

 

[SriVijay]

i bought today 2 lots 2900 pe at 137 and 2 lots 3100ce at 116 .........( not simaltaneously....at different times)

my plan is ....if my 2900 pe points reaches 253 + brokerage....i will square off my pe ......then i will breakeven........having 3100 ce for free........

I wish to know that my plan is correct ....i seek suggestions and explanations against this .....because if it works ......i wish to follow this strategy again........kindly advice me.....

regards
vijayakumar