Option trading strategies that i hope will work.

[detrich]

At the opening Let me take a lap through my positions:d

Buy CE-3900-182 (Entry-Rs.150/ Exit-180 )
Buy PE-4000-218 (Entry-185)
Sold CE-4100-94.50 (Rs.128)

three hypothetical positions
Acc-Buy @ Rs.614.00(in cash)(Entry-597)=-0.95pts for the day
CA-1410 SBI OCT 29-105 (Entry-92) (God help me here no trade yet OMG)
Pa- 60 Allahabad Bank @ 1.5(Entry-1.6) (God help me here no trade yet OMG too!!!!!!!!!!)

 

[detrich]

Nifty at a cruicial support level of 3896. Hope it holds(personally i do not want it to).

 

[detrich]

I feel it is not holding get your refrences out and start looking for OTM PE on nifty. It is going down.

 

[detrich]

I am feeling a strong temptation to buy ashok CA-27.50 @1.20.4775. To do or not to do???

 

[detrich]

I have placed the order Ashok Leyland CA-27.50@ 1.20 let us see

Cost
4775*1.20=5730+100=5830. Let us see how I fare here.

 

[detrich]

Position check 11:00AM

Buy CE-3900-182 (Entry-Rs.150/ Exit-180 )
Buy PE-4000-245 (Entry-185)
Sold CE-4100-79.50 (Rs.128)

three hypothetical positions
Acc-Buy @ Rs.621.85(in cash)(Entry-597)
CA-1410 SBI OCT 29-105 (Entry-92) (no trade here yet.but since SBI is losing steam I guess in coming days this strike will be subscribed in the meantime atleast other strikes in this series are being traded so I have nothing to worry)
Pa- 60 Allahabad Bank @ 1.9(Entry-1.6) (Finally someone just traded)
CA-27.50@ 1.15(Entry-1.20)( I think I have commited the stupidityof going against the trend and betting on low beta stock to bounce which it will but not in any big way like say IFCI or IDFC. So I guess I have to close this position before close. I am keeping a stop loss at 1.10)

 

[detrich]

Coming Back from the break I feel that market at 3879 is looking vunerable unlike yesterday where it was at the strong support 3790/3800. So i am expecting selling pressure to pick up after the break. What I am feeling is that the 3800 level will be tested again here today. So I will be sitting on the bear side of the market (As I have been since LAst week). So GOOD LUCK to everybody. And yes somebody like to get feedback and wiating for it very eagerly. Thanks a lot Cool boy 007 it is really good to hear that you find this thread useful. I am looking forward to hearing more from you.

P.S.- Ashok Leyland is not doing as badly I had thought

 

[detrich]

Looks like I will have to eat my hat here after seeing the strong resumption.

 

[detrich]

Well I am planing to renenter the CE-3900 level again

 

[detrich]

Position check 12:35PM

Buy CE-3900-182 (Entry-Rs.150/ Exit-180 )
Buy PE-4000-190 (Entry-185)(I am not worried about this because I am still sure it will be ITM at the end of series.)
Sold CE-4100-102(Rs.128)

three hypothetical positions
Acc-Buy @ Rs.628.30(in cash)(Entry-597)
CA-1410 SBI OCT 29-109 (Entry-92) (Finally some movement)
Pa- 60 Allahabad Bank @ 1.9(Entry-1.6)
CA-27.50@ 1.25(Entry-1.20)( Sometimes you just get plain lucky like I currently have)

I am just stupidified here. I do not know what has hit me here. I will just stand on the sidelines not doing anything here(I hate it when this happens).