Option Writing - Derivatives - Indices

[Raj232]

China-North Korea Border Shaken by Small Quake Possibly Triggered by 'Blast'
https://sputniknews.com/asia/201906171075913593-explosion-quake-china-north-korea-border/

Pyongyang has so far not commented on the possible cause of the tremor that rocked the border between the two countries.
"At 19:38 (GMT 11:38) on June 17, a 1.3 magnitude earthquake [suspected explosion] took place in Hunchun, Jilin Province. The depth of the epicenter is 0 kilometer", the China Earthquake Networks Centre said.

The authorities also noted that the tremor could have been caused by a blast.

 

[jyotixxx]

hi Raj,

Saw many of your options thread!!

Have you ever tried Sequential Shorting intraday? Theoretically i get good results, but any knowledge on ground? Today's market was unidirectional, so this strategy was bound to work, but please look at the previous days chart: Note : Green arrows for writing puts, red arrows writing calls. All orders at market and exit all orders at closing.

 

[Raj232]

hi Raj,

Saw many of your options thread!!

Have you ever tried Sequential Shorting intraday? Theoretically i get good results, but any knowledge on ground? Today's market was unidirectional, so this strategy was bound to work, but please look at the previous days chart: Note : Green arrows for writing puts, red arrows writing calls. All orders at market and exit all orders at closing.

Hi.. Thanks for sharing. .. but not sure about this method. There are some bands, which shows those arrow levels. Any idea what those 2 lines are ? maybe it can me monitored for a few days before doing a live trade.

which broker have you finalized for writing options ?

 

[jyotixxx]

I am still with Zerodha. The arrows were marked by me. But the script supertunnel can be found here in TradingView
https://www.tradingview.com/script/OSumNUwj-Super-Tunnel-by-JP-Goswami/
I am using it for past few months and loving it.

 

[jyotixxx]

Many had bought call @ 10:50 AM looking for a recovery .. and still holding it ... see chart below:
View attachment 35562

Looks like it’s something similar to your tunnel

 

[afin]

Raj bhai, how do you run the script? Sorry if this is such a basic question. I am a tech noob man!

 

[Raj232]

Raj bhai, how do you run the script? Sorry if this is such a basic question. I am a tech noob man!

Its simple .. just click add indicator... type super tunnel and add it. This script looks like simple moving average in range ..

 

[Raj232]

So, Similarly today.. lets do the same exercise.. starting 9:55 AM... we are in no hurry but just checking to see that it works correctly.
Somehow screenshots of the earlier cannot be captured since no screenshots were taken

10:00AM there was a move of almost 90 points , we can take the 9:55 bar closing .. just to see if the move even affects us

9:55 AM closing on BN Spot : 30303.3 .. ~ 30300.. so we sell 30500 CE and 30100 PE (200 points on either side)

9:55 AM 30500 CE -> Rs 100.40
9:55 AM 30100 PE -> Rs 112.50
Total premium recd: 100.40 +112.5 = Rs 212.5

 

[jyotixxx]

So, Similarly today.. lets do the same exercise.. starting 9:55 AM... we are in no hurry but just checking to see that it works correctly.
Somehow screenshots of the earlier cannot be captured since no screenshots were taken

10:00AM there was a move of almost 90 points , we can take the 9:55 bar closing .. just to see if the move even affects us

9:55 AM closing on BN Spot : 30303.3 .. ~ 30300.. so we sell 30500 CE and 30100 PE (200 points on either side)

9:55 AM 30500 CE -> Rs 100.40
9:55 AM 30100 PE -> Rs 112.50
Total premium recd: 100.40 +112.5 = Rs 212.5

Will be surprised if today it stays in green! Mad moves coming in

 

[Raj232]

We had some mad moves, yes, went up and then down.. etc etc.. but that would not affect my calm..
[I'm on a bowl of hot soup from China Garden ;-) .. just joking ...]

30500 CE -> Rs 133.75
30100 PE -> Rs 56.15
Total premium to be paid back : 133.75 + 56.15 = 190
Profit = 212 -190 = Rs 22 .. upto now.. more updates later. ..